Terry Blanton has predicted:
The price will fall below $2/gal before Thanksgiving, giving
incentives for the idoicy to buy GM's new rolling monsters.
Then oil
will continue it's continuous path. Ignore the discontinuity.
Hmm... below $2 for gasoline? national average ? ...kinda doubt
it, GM or no.
Actually - if you want "jaded" ... consider that the low GM stock
price is just an invitation for Texaco to buy up what it doesn't
already own, so that they can plug up the leaks about "who killed
the electric car"... ;-)
OTOH... we could see a fall in pump-prices (not crude) IF the US
Congress experiences "regime change" around Thanksgiving, and the
new-crooks [who replace the old-crooks] promise to levy a huge
excess-profits tax on big oil to pay for the war (sure to be
vetoed; and very doubtful on either count).
Jones
