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Volatility is back. a possible diplomatic solution could avert a u.s. military strike on syria. and the oil market and stock market investors on edge. fears of potential u.s. action pushed oil prices to a two-year high. syria isn t a major oil producer but some worry the conflict could spread to neighboring countries. the nightmare scenario is if you have lan-out mid eastern war that includes the persian gulf. under those circumstances you can see the price of crude go to $140 a barrel. that would not be good for drivers, of course. the threat of fighting in the middle east brings up images of cars stretched around the block waiting for gas. the u.s. is not as dependent on ....
Do you buy that? guest: i agree. i think it is going to spike quickly. and when we have seen crude go from $50 to $100 the price went immediately to $3.50. and they will gouge because they buy future and they expect the future prices to be higher so they are hedging by pumping up the price now, but that doesn t help the consumer slightly. there is something interesting, the fact that crude could rally high should not the stock markets back down but the projection we have at the trading economy for the stock market this year does not keep in seven with the crude oil going up and we have projections of the s&p trading 1,650 in the year 2011 and this could not happen if the price of crude skyrockets so this will rollover, i think, soon, and it ....