September 29, 2008
Beware Oil Price Soothsayers with Business ties to Nancy Pelosi
Sept. 6, 2008 (Reuters) - "Texas oil tycoon T. Boone Pickens said on Monday he continued to believe that crude prices will not fall below $100 a barrel.
Sept. 29. 2008 (AP) "Light, sweet crude for November delivery sank $10.52, or 9.8 percent, to settle at $96.36 on the New York Mercantile Exchange, after earlier dropping as low as $95.04.
Posted by Humberto at September 29, 2008 09:12 PM
Comments
The price will drop if we can strengthen the dollar.
Posted by: Henry Louis Gomez ![[TypeKey Profile Page]](http://www.babalublog.com/nav-commenters.gif)
at September 29, 2008 09:25 PM
"The price will drop if we can strengthen the dollar."
After today's debacle in the House, I wouldn't expect the dollar to strengthen anytime soon.
Here's some interesting reading about Pelosi's possible motivation...
Posted by: Diogenes at September 29, 2008 10:07 PM
Is T. Boone Pickens related to Slim Pickens? They both say funny things.
Posted by: mulatica at September 29, 2008 10:14 PM
Just damn... Karl Rove on Pelosi's shenanigans.
Posted by: Diogenes at September 29, 2008 10:15 PM
The dollar rallied today actually and thus the drop in the oil price.
Posted by: Henry Louis Gomez at September 29, 2008 11:24 PM
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