For every analysts that says oil will go down there is one that will say it will go up, one of them is right but not even they know which one. Compare gas to milk, both are $4 a gallon and both will be $5 very soon, they didn’t go up as fast as your dollar went down. Try this, drive on the freeway at the speed of traffic, then take your foot off the gas for about ten seconds…..it will seem like everyone just started speeding. The government took their foot off the accelerator as far as the dollar is concerned in an effort to save the real esate bubble, trading one bubble for another. Proving once again that the invisible hand will slap any efforts to manipulate markets and the more they try to save people, the more they will hurt them.
I can’t wait for $5 gas, since gas hit $4, the freeways have been nice. When I watch Mad Max, I think “wow, look at all that open road.”
