Back on July 18th, when many people thought oil prices would continue their meteoric rise, Scott Bleier, president of CreateCapital.com, said: “The commodity trade is over…oil is going to $100 per barrel.” As it turns out, Mr. Bleier understated himself. Today, he predicts that by the beginning of 2009, we are going to see fifty dollar oil. Prices on Thursday rose above $67 a barrel as investors prepared for an OPEC production cut.
Let us hear your thoughts below:
