Bank of America‘s energy analysts were busy this am; They raised their 2003-2004 oil price forecast to a 19% premium to the First Call consensus.

If BoA revised estimates are correct, this is potentially a significant drag on the economy. (Here’s an Oil chart).

On a related note, check out this recent chart on Gasoline prices:
Gasoline.gif
Source: Chart of the Day

Category: Finance, Politics

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

Comments are closed.