[Archive]

Posted By: Dan Bretta

Tom, I admit I don't know nearly as much about the world oil market as perhaps you do, but all the coincidences seem fishy to me. And I do know that China and India have had a huge affect on the world oil market, but certainly it can't be as dramatic in the last 5 years to make Oil prices jump from $20 to $70/barrell. IMO higher gas prices in the US are a good thing long term because it will make the consumer look for more fuel effecient vehicles and in turn force more R&D into alternafive fuels.