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New Mexico | in the $4 to $4.50 range ( that's just a good comfortable range for everyone...Both producers and users of the product ).
Get above that though and not many truely need the stuff.
NO reason to figure it's going down...NO reason to expect it to get much higher either.
True demand is tough for producers to visualize simply because the product got pricey in the past due to excess money in the oil capitalization diametric by the usa govt.
USA govt printed dough and enforced policies which justified ANY price for oil.
Supposedly the whole global system ends up with more currency thru that for econ developments then, those years.
THAT is NOT True demand ( still isn't )...just excess money supply which went into alot of things ( corn just one of those things ).
Theoretically Demand could be a jillion bu at 1 cent, or 1 bu at a jillion $.
In theory, practice and theory are the same.
"In practice though, it's different."
Edited by Markwright 9/11/2010 14:25
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$4.75 HIT Get ready for $5.75!
