got this in an e-mail from my company’s hedge manager or whatever you’d call him when we were discussing this very issue. No one in the industry expects oil or NG to be going up in price any time soon. We could be back down to $30 a barrel within the next month. Of course, they also give it a 50/50 as to whether the economy completely collapses and we’re bartering livestock. So, it’s mixed news. Of course gas drops like a rock as soon as I get a company gas card and don’t have to pay for it anymore.
11:29 24Oct2008 RTRS-US MOTORISTS DRIVE RECORD 15 BLN MILES LESS IN AUGUST, DOWN 5.6 PCT FROM A YEAR AGO-US GOVT