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.

Published by


Critical MAS is the blog for Michael Allen Smith of Seattle, Washington. My interests include traditional food, fitness, economics, and web development.

3 thoughts on “Oil Hits $55”

  1. 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….

  2. 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.

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

Comments are closed.