From: "Glenn Meadows" 

Interesting analysis (don't recall the "expert"), but he says
that the current run-up in crude prices, and gas prices, are mere
speculation, much akin to the dotcom bubble, and he feels it's about to
burst, and predicts that crude and gas prices will be down by half within a
year.

--

Glenn M.
"Geo"  wrote in message news:431c74f5{at}w3.nls.net...
> "Antti Kurenniemi" 
wrote in message
> news:431be40a$2{at}w3.nls.net...
>> I just came home from a week in London, to find out that the prices had
>> hopped something like 15% here to a comfy (calculating...) 7.1 USD per US
>> gallon! Holy expensive petroleum, Batman!
>
> Yes, the current excuse is that the hurricane shut down many oil drilling
> platforms in the Gulf of Mexico so a lot of production was lost.
>
> The reality is that prices at the pump went up with the news instead of
> with
> the next delivery.
>
> Geo.
>
>

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