The picture in Sunday's Permian Basin Oil Report was captioned:"High oil prices mean holiday travel will be more expensive." Zoie's take: "Pump, schmump! Let's go hunting!"
Morning news sources said that oil reached a record high this morning at $98.62/bbl, and further predicted that oil could go as high as $128/bbl. That is craziness. I'd better call my oil purchasers and tell them to go pick up a load...oh, wait...I don't have an oil well.
It's funny - prices in the oil service sector seem to be softening, and yet, the price of oil rises. I've been in the oil industry for 23 years now...and I still haven't figured it all out. It's a new day, every day, out here in the patch .
Guess that's what keeps it exciting!