$this->bbcode_second_pass_quote('Tyler_JC', 'O')nly $120 by April 25th is actually bad news for "your side".
At the beginning of the year oil traded for $100 a barrel. Now a third of the way through the year we are only at $120. The slope towards $200 has gotten steeper as now there are only 180 trading days left in the year.
We shall see...
When the GDP data comes out next week it could be interesting. If we see a real contraction, oil could be back down to $100 by May/June.
We may never see $50 oil again but we're going to see $100 before we see $200.
As for the rebate. It's election year pandering. You know it, I know it, and our generous Chinese/Saudi creditors know it too.
Adding insult to injury, no one in my family qualifies for the rebate! We aren't getting shit from Uncle Sam this year. Maybe next time...
Enjoy your check, Roccman.
