On Jul 8, 2009, at 8:23 AM, Jones Beene wrote:
My prediction – around November, oil will fall to near the floor support level of $40 - and by the end of the year could hit $20 barrel if Obama acts decisively to keep ethanol producers profitable, at the expense of the oil lobby (he will not have the courage to do that).
If oil is going to get that cheap then this is the best possible time to boost taxes on oil. That's the responsibility of Congress.
Best regards, Horace Heffner http://www.mtaonline.net/~hheffner/
