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46 comments on Saudis officially happy with $100 oil

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oilmanbob on November 13, 2007 - 11:34pm Permalink | Subthread | Parent | Comments top

Memmel,
prices have trippled in the last two years, and some pretty good prognosticators are suggesting they will tripple again in the next two years, while other oil prophets are suggesting that prices will return to the $30-$40 level. Meanwhile, people like you or I attempt to rationally interpret the effects of supply and demand when we have no effect on either or even real time data on supply and consumption. We're attempting palmistry on the Invisible Hand!

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john macklin on November 14, 2007 - 5:08pm Permalink | Subthread | Parent | Comments top

We're attempting palmistry on the Invisible Hand!

LOL. great line.

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