Inscription Note for O and G Readers
Some readers have requested inscribed stickers for their book(s). I just wanted to open that up and say that I'm happy to do this. Just shoot over whatever inscription you'd like and your mailing address through the info link at the bottom of this page, and I'll sign and send. Best Steve


2 Comments:
Steve:
Sorry, this is not related to the book notes. My question is about the price of oil in 2008. Pundits are saying anything from $50 to $150 a barrel is possible. We all know why it could go up. But why would it drop (and drop so low)? Thank you.
The main $50 oil scenario envisions a deep global recession in which demand plummets, thus loosening up demand pressure on the price. A companion scenario is that traders who have bid up the price of sweet crudes shift their billions of dollars to some other investment vehicle, thus taking some air out of the oil bubble. Adherents of the latter scenario think traders have built in $20 of air or more into the price of a barrel of oil.
Thanks for the comment and best, Steve
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