Wednesday, April 12, 2006
I just don't get it
You all heard my opinion on where enrgey prices will go. Well they went the wrong way, furthering our inflation problem, furthering our interest rate problem, and slahing into the worlds free spending money supply.
But then I read this by CNN and I see they see things the same way I see things....
I think I'll hold out a bit more. A crash in energy prices will give the homies one heck of a boost.
its weekly stockpile report, the Energy Information Agency said crude inventories rose by 3.2 million barrels. Analysts had expected a rise of 1.4 million barrels, according to Reuters.
"Crude prices are facing difficult headwinds in terms of the fundamental supply factor," said John Kilduff, an energy analyst at Fimat. "We're nearing record supplies."
Kilduff said crude stocks are within 10 million barrels of the all-time high reached in 1998, when oil traded at a paltry $10 a barrel.
But the drop in crude prices was tempered by distillate and gasoline supplies, which fell far more than expected and pushed front-month gasoline futures up 3.67 cents on the New York Mercantile Exchange.
But then I read this by CNN and I see they see things the same way I see things....
I think I'll hold out a bit more. A crash in energy prices will give the homies one heck of a boost.
its weekly stockpile report, the Energy Information Agency said crude inventories rose by 3.2 million barrels. Analysts had expected a rise of 1.4 million barrels, according to Reuters.
"Crude prices are facing difficult headwinds in terms of the fundamental supply factor," said John Kilduff, an energy analyst at Fimat. "We're nearing record supplies."
Kilduff said crude stocks are within 10 million barrels of the all-time high reached in 1998, when oil traded at a paltry $10 a barrel.
But the drop in crude prices was tempered by distillate and gasoline supplies, which fell far more than expected and pushed front-month gasoline futures up 3.67 cents on the New York Mercantile Exchange.
Subscribe to Posts [Atom]