The Original DailySkew

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Friday, June 27, 2008

Gas Price Prediction

Just so you don't think I'm all doom and gloom ... here's a fairly positive prediction: there oil market bubble will burst. Much like the tech and housing bubbles, there will come a time -- like a thief in the night? - where oil, and gas, will drop to reasonable prices.

Like any good prophet (profit?), I can't say when this will happen, or how. Maybe one of the big pension funds will read a negative report on oil and sell! sell! sell! Maybe Oil companies will start drilling off the coast of Florida. Who knows?

Someday the price of gas will drop below $3.00.

Now, excuse me while I return to my life.

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