Summer In NY pt. 2
A few weeks in New York for a summer business trip.
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A few weeks in New York for a summer business trip.
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Oil prices are so predictable that it is pathetic. it seems that oil has now reached $71 per barrel due to sudden drop in US inventories.
What is that please someone explain to me? Are we going to pretend that this really effects the price of oil? I don’t think so, but it does make a good excuse to raise the prices. Now, who would like to bet we will hear about record profits from the oil industry. I would like to make a good case for my observation, but why bother everyone pretty much knows this oil game is a sham. Mind you, I am not against it at all, I think this is what we deserve for allowing ourselves to be owned by energy companies. So I say screw on to the energy companies who have the world by the “cojones”(a spanish word for male vocal cord altering devices, though some females have a virtual set) keep squeezing. Oh mama!!
Oil prices will magically seem to stabalize at $80-ish and we will groaningly pay at the pumps with our mouths shut. Not a peep.
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Last year as oil started to drop I had predicted that it would eventually rise and stabilize at $80 per barrel. This number isn’t related to the true demand or supply this is just a number that the oil power players would look to achieve. Shy of $100 yet healthy enough to stem the downward spiral of the producer nation and low enough for the weak economies of the world to sustain.
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I’m off to NY and will be spending a couple of weeks in NY. I am going to try to resolve a few business issues but I am not optimistic. I have decided to go as my alter ego Mr. Sanjit Wupta. Good disguise can’t tell it’s me can you?
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My view on the current state of the economy, President Obama and things.
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The thought occurred to me that maybe the answer isn’t big governmet.
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As per my previous prediction on oil prices. A conoco executive is talking about the increase in price of oil stabalizing at $60, $70 but not over $80. I am sure we will come to the price of $80 as I had earlier written.
Conoco CEO: Sees Oil Moving Up To $60 Or $70 A Barrel
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