View Single Post
  #1  
Old 08-02-2004, 06:36 PM
KirkVining's Avatar
KirkVining KirkVining is offline
Banned
 
Join Date: Apr 2004
Posts: 5,303
Oil news from Houston

By the way y'all, Oil opened at 42$ a bbl this morning, a record high, and closed at 44$ - flat out of sight, a two dollar jump in one day. The word is the Russians are going to shut down oil exports so they can sort out who owns what in the oil business over there. Two more days like that, and we are going to have a whole new issue in our election, like soup kitchens. Word on the street here is this Russian business may turn into a whole big oil market panic, in turn followed by a Dow Jones meltdown when oil hits fifty a barrel, which we are only 6$ a way from. Better check your portfolios. Might be time to buy some more oil stock.
Reply With Quote