The Oil Drum | DrumBeat: June 30, 2006

228 comments on DrumBeat: June 30, 2006

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tate423 on June 30, 2006 - 11:05am

Is this the average contract price paid or are we talking the spot market? If it's the latter, I assume they want to make people feel real fuzzy inside.

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Nate Hagens on June 30, 2006 - 11:44am

wall street firms have collectively predicted lower oil prices for the past 6 years and been wrong each time. no one wants to be the outlier -if they are right they look like geniuses but if they are wrong their career is at stake. this year was the first in 7 where some major firms predicted higher prices. merril lynch not one of them

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228 comments on DrumBeat: June 30, 2006

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“Of all races in an advanced stage of civilization, the American is the least accessible to long views… Always and everywhere in a hurry to get rich, he does not give a thought to remote consequences; he sees only present advantages… He does not remember, he does not feel, he lives in a materialist dream.”

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