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Friday, August 20, 2004

$49 a barrel

From CBS Marketwatch:
"Until the fighting comes to a head or stalemates, buyers will remain firmly in control and pries might be headed to $50," said Michael Fitzpatrick, analyst at Fimat USA, in a note to clients. For the moment, the outcome is entirely in the hands of the Shiite cleric Muqtada al-Sadr, he said.
So al-Sadr joins Dick Cheney in the club of hardliners determining America's energy policy. Personally, I think Cheney is way more nuts.