~~Rants del Nicoleta~~

Well, well, looks like oil is taking a dive off a cliff.  Maybe someone pushed him?! =O

Gas at the pump was $3.699 at most stations when I went to work at about 1 pm.  When I left, it fell at Wal-Mart and 3 other stations to $3.599.  So I figured oil fell a bit, or it’s just I’m imagining things.

http://articles.moneycentral.msn.com/Investing/Dispatch/080729markets.aspx

They are now thinking that oil will fall to the $90s/barrel range before year end.  Some are more happy go-lucky and suggest $78.  I like to point it out it’s like everyone is now jumping on the bandwagon that was populated by me and maybe 500 people.  Now everyone wants to get on! >_<

It’s too early to tell, what’s the deal.  The last spike will shake things up, and might curtail most people into thinking the end is nigh.  The spike wouldn’t happen in one day, it’ll slowly build up for a couple of days before a spike.   After that’s happened (Even if it’s a spike of $3-$7) then, I’ll begin to formulate where everything is going.

Still expecting a small rise by Friday.  Maybe around $120-$130 at week’s close.