Monday, May 12, 2008
Thumbs up for Gas Prices going down
Appearing today on financial news channel CNBC, US Global Investors CEO Frank Holmes said that the price for a barrel of oil will “fall back to $85 - $100" per. Why? Because historically as the dollar gets stronger, the price for oil declines. After 20 years of tracking this, the financial markets agree there is a trend. The flip side they say, is that oil prices will go up again because demand remains high.
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