Another Record For Oil?

Could Oil Hit $160 a Barrel – Next Week?

The oil price could hit $160 a barrel as soon as next week. At least, that’s what ‘Zapata’ George Blake, the Texan oil analyst, reckons.‘Zapata’ George has a habit of making bold calls that often seem to be proved right. I interviewed him on my radio show last week. He thinks there’s an imminent supply squeeze ahead, which will cause the oil price to spike. Daily consumption is exceeding daily production, he says. There are oil shortages now.

I put this here because I want to see if it comes true.

I suspect someone has taken a position in the market and is trying to goose the direction his way. We’ll see.

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One Comment on “Another Record For Oil?”

  1. hoh Says:

    ones blog is a darn good place to find things one don’t want to loose!
    thanx for the idea
    your comment made me laugh
    cheers
    and thanx for you input on those bastards who nick our stuff off our blogs
    you’re absolutely right
    i must not sweat the small stuff!
    i will not waste any of my precious time on them
    i think i spent 1 hr checking them out and writing them a comment
    which i think they read and removed the stolen product with in minutes of posting it
    what really pisses me off is that one can’t find any contact details!
    i bet they will remove the facility to leave comments!


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