September 3, 2008
The September Surprise? Oil at $80 a Barrel?Oil prices have slid so far and so fast that the retreat has led analysts to predict further puncturing of what they call a speculative bubble. Many analysts don't see a floor at $100, but rather at levels as low as $70 or $80. "This is start of a fall to $80 crude by the end of the year, maybe as early as September," says Joel Fingerman, principal of FundamentalAnalytics.com, a Chicago-based energy consulting firm.
Posted by Vanderleun at September 3, 2008 8:28 AM. This is an entry on the sideblog of American Digest: Check it out.