Pundits Say Oil and Gas Prices Not Going Back Up
One thing is for sure, whenever the idiot pundits and analysts say something is going to happen you can be sure that the opposite will occur. Such is the case with a recent article on CNN claiming that oil not going to triple digits any time soon.
The reasons? Well, as usual a bunch of hot air. Everything from economic worries and remaining fears recession fears to stocks not going up much more from here. Well, if you remember a couple years back, the same pundits were saying that oil was never going below $100 again. Less than 6 months later, it was less than $50 with gas prices resembling the 90s.
One thing is for sure, whenever the so called experts make predictions you should expect the opposite. Can anybody say $100 oil by October? You can read the article for yourself here