Thursday, July 3, 2008

$145 Oil -- On Hurricane Threat

Here come the hurricanes! Just the remote threat -- still in the eastern Atlantic -- of a hurricane has sent the price of crude oil over $145/barrel today. This was bound to happen! It the slight hint of a hurricane in the eastern Atlantic can send crude oil over $145/barrel, then what will a genuine threat entering the Caribbean do to the price of crude oil? Here come the hurricanes!