08
Jul
09

$20 oil by this fall?????

oil is crashing due to the goldman/hedge fund bets leaving the market again.

here’s larry k talking about potential $20/barrel oil, which would roughly equal sub $2/gallon gas vs. our $3+/gallon today…which would be nice.

i sold off all my USO (oil ETF) before last month’s oil rally ended…but plan to re-enter the big casino this fall/winter when we have our annual collapse/debt crisis.

great article on the paper oil-bubble:

http://www.forbes.com/2009/06/16/oil-commodities-energy-business-energy-oil-prices.html

from the blog: http://accidentalhuntbrothers.com/

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