Crude prices hit record Wednesday even higher today

Light sweet crude reached a 2007 record of $75 yesterday.

“If you think oil prices are high now, you ain’t seen nothin’ yet,” comments our friend Sean Broderick. According to Sean, the three real triggers for sky-high oil prices are “the potential for another monster hurricane in the Gulf of Mexico, spreading violence in the Persian Gulf and a potential al-Qaida attack on U.S. oil facilities.Â� from Agora

Well, if $75 was a record 2 days ago - as a write this NYMEX crude is $76.04. Our friends at Goldman Sachs are projecting $90 a barrel by December and a Canadian group is saying that we will see $100 a barrel but they could not say when. My answer “Just wait”

Share This