Oil over $102

Posted By: The Cheapest Skate in Economics on 02/28/2008 at 07:55:41

When will the madness stop· Yesterday oil spiked over $102 as the dollar continued its slide towards a value roughly equal to a small ball of tinfoil.

Just for kicks yesterday I went to see if the domain paymenineuros was available--surprise, surprise, it's already registered.

Because I'm a pessimist I think oil will reach $120 by this summer unless somehow Iraqi becomes a happy place and their oil starts flowing again. We'll see.

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