I just called K to tell her to gas up the car before prices at the pump go up again. I was watching Squawk on the Street this morning, and they were reporting oil futures up nearing records again, and that Morgan Stanley predicted $150 a barrel in less than a month. Nice. I think this is what T.Boone Pickens was saying three weeks ago, you Morgan Stanley geniuses. I was a skeptic of the pullback of oil futures during the last two weeks. It hurt to see my options on PCZ taking a serious hit, but they'll be up nicely if oil continues an upward spike. This is from Bloomberg today:
Of particular interest is the gentleman from Israel spouting off about attacking Iran if they don't quit their nuclear programs. Hmmmm...You think oil is high now, wait 'til THAT happens. Ugly can't begin to describe it. Gas up my fellow readers, because as it sits now locally, in Ft. Smith, AR at $3.82 a gallon, I wouldn't be the least bit surprised to see it up ten to fifteen cents by the beginning of next week. Ugh.
CZ
4 comments:
Sean Brown's birthday comes and goes, and yet nary a shout-out from the two Squad bloggers, Scott & Nash.
For shame.
went to the pump at the local bp to fill up my gmc envoy. total cost? $95.00....quickest hundred bucks i ever spent
Here in DC,I paid $4.25 a gallon over the weekend and it cost me $100 to fill up our Santa Fe. UNfortunately - it wasn't the fast $100 I ever spent. I once lost $100 on the Blackjack table at the westward Ho - i think - in less time than it takes to put gas in a car!
I blew a Benjamin in 20 minutes at a slot machine at Binion's Horseshoe in downtown Las Vegas. I still don't regret it.
CZ
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