I think we
> can expect the high oil prices to moderate over the next several
> months.
Well sure. It's an election year.
Re: China Drills for Oil in Gulf Related info
Jun 19, 2008
3 Replies
Perhaps not this time. The republicans are trying to stick the blame on the democrats. If it looks like it is sticking, we can expect the oil prices to stay high. The oil companies are taking a risk by holding the capped off wells off the market. They are betting that it will be worth even more in the future.
On a sunny day (Thu, 19 Jun 2008 06:22:27 -0700 (PDT)) it happened MooseFET wrote in :
That may be difficult, as Iraq comes online:
formatting link
McCain really wants 100 nuclear reactors by 2030, and presented a plan for 45.
formatting link
Oil bubble may go poof.
Political prediction: John McCain will propose some scheme in late summer (go soft on big energy, get tough on big energy - whatever the polls predict will fly better). Oil prices will come down in October. McCain's scheme will be touted as the reason.
Join the Discussion
Have something to add? Share your thoughts — no account required.
Didn't find your answer?
Ask the community — no account required