Oil Hits $55

A year ago it seemed everyone thought oil would keep going up in price.  I heard predictions for $200 and even $300 a barrel.  Would would have guessed one year ago that oil would be down to $55?  That would be me.

From my 2008 Predictions post on MarketTicker on 12/27/2007:

OIL = $55
President Mitt

Even though I was dead wrong on Romney winning the 2008 election, I nailed the fact oil would hit $55 by the end of 2008.  This calls for a celebration dance.

I promise not to bring out the dancing banana until the S&P 500 hits 600 or Paulson is lynched.  Whichever comes first.

4 Comments

  1. aviva says:

    wanna hear something jacked up? we’re paying $4.06 for gas since forever ago. because that’s what they bought the gas at here and now we’re still paying. effing ridiculous.

  2. MAS says:

    I see how tiny that island looks on a map. Are you sure you need a car? Couldn’t you long jump it? :)

  3. Jenn, aka JeSais says:

    gas here in NM is UNDER $2 / gallon at a couple of stations. cRAzY

    and since I only drive about 15 miles per week, it doesn’t much matter to me anyway.

    now if the price shoes goes up significantly I may be affected….

Leave a Reply

Switch to our mobile site