Falling Oil Prices
Oil prices are falling, as I predicted in my most recent newsletter.
http://www.thepersonalwealthcoach.com/com/TPWCNL2008-08-01.pdf
The Chinese have largely stopped buying diesel on the spot market as their tanks are full and it is about time to start burning the fuel to clear the air. The coal powered electric generating plants are soon to shut down and the diesel generators. As the price of oil falls, the potential profits of most corporations rise, and thus goes the market.
[Karma: -2 (+/-)]
Jeff on 08.05.08 @ 02:49 PM CST [link] [273 Comments]