San Diego Housing Market News and Analysis
OIL - 20$ - Can it happen, how to short oil
User Forum Topic
Submitted by newbiz on February 7, 2008 - 2:20am
Crude is at 87$ today and the futures for crude are trading at 87$ as far as feb 2009.
Here is my theory, US economy/consumption slows down, US needs for energy and oil will drop, so withh the need for so called emergim markets india and china. US slows down, chian has to slow down, production cuts and lesser demand for oil.
bottom line demand for oil drops, Price has to drop, I am guessing that we will see oil has to fall back to very close to where it alwasy used to be - 20$ or 30$
What do you guys think? Can this happen?
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