Thread: Price of Gas
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Old Jun 1, 2008 | 02:11 PM
  #29 (permalink)  
Andy G's Avatar
Andy G
Joined: Oct 2007
Posts: 128
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From: Belfast Northern Ireland
Default Re: Price of Gas

On the other side of the 'pond' I filled mine today and it was £57.80. Taking the £/$ rate at, say $1.94 that's the equivalent of about $112 a tank.

Am I giving up my SRT? No way! This is an oil price bubble. It will burst but the damage to the US and EU economies will be severe. Thing is, high oil prices will force down consumption and this reduced consumption will be permanent; it just takes a while to work it's way through.

So, all you hedge-fund bar-stewards who are driving this market to oblivion-I hope you lose the farm. You deserve it

Andy G
 
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