<CLK08 closed around $114 (Tres Yergins) yesterday..so, in the next 60 days, the front month price of CL will...The Oil DrumHydrates updated>

60 comments on Happy Third Yergin Day: A Poll

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Hellasious on April 16, 2008 - 12:29pm Permalink | Subthread | Parent | Comments top

I believe it is called "paying the ultimate price".

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PeakPlus on April 17, 2008 - 10:16am Permalink | Subthread | Parent | Comments top

@WesTex
although I agree in General, I would disagree in progression. Price rises now are marginalizing the world's second fifth, the Wester World's first "fifth". Once that is accomplished, prices will stagnate again as demand falls. That all takes time. Then production falls will begin eating away at price again..
Just saying it'll happen more likely in observable steps, we being at the end of step 2 right now.

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