Why would Jim Rogers say that Oil 'could hit 200 a barrel'？ Isnt it too early for Goldman Sachs to manipulate?
June 10th, 2011
Oil is becoming more scarce. If there is less of a product but demand stays the same or increases, prices will naturally increase. Oil prices will increase because the production of oil (pumping it out if the ground) cannot keep up with growing demand (more people in China, India, etc. are driving).
When you have countries actually growing their economies–ie China, India, Brazil…they need more oil. Yet unlike the US, they are actually trying to build reserves of oil while the US is not even drilling for more–or more simply put–More Demand causes prices to rise!
Good think Obama's building an efficient transportation system to continue to move all that Chinese crap in a cost effective manner when oil becomes too expensive to efficiently transport it with semi trucks budd.
i think it will go even higher and we are headed for an ecconomic melt down soon.
It will be much more than that, and sooner rather than later.
if gas prices go up high it will BUST the DOLLAR and the economy……..baron
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Tags: Brazil, budd, China., Crap, Goldman Sachs, India, jim rogers, oil prices
