Get Ready to Pay Up Deneen!
Recalling my friendly wager with Pat Deneen from just two months ago that oil would come back down below $75 a barrel in the fullness of time, here’s a dude who says it’s heading for $65 soon.
I note also that the most recent stats from the Dept. of Energy show U.S. oil consumption is down 800,000 barrels a day in response to current high prices. Who says markets don’t work?
9:54 AM / August 15, 2008