Oil Has Topped… For Now

Posted: July 9, 2008 in Technology and Business
I’m not an analyst.
But, I observe.
When everyone thinks one way (“oil is going up, up, up”)… and there is multiple news stories that should make the price of oil go higher but it doesn’t (like the news announced today that inventories fell)… that feels like a top to me.
There.  I’ve hung my butt out.
What happens in the future depends on how serious we are about alternative energy.
In this regard, it’s not hard to like good old American spirit.  Heck, even a Texan oil billionaire like T. Boone Pickens has raised a rallying cry.
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