Financial Planning

Below are comments by some economist and business writers. One is just non-committal whereas the other says that likely there will be a sharp fall. What ever it is I just wish that the world would be greener, people will be less dependent on oil and use more green energy, even leg power. However the most important is that economies of the world would recover so that people all around the world will not suffer from the effects of a recession. The world would be a better place to live.

“On a happier note, there is hope that the decline in oil prices has just begun. While Schork says it’s anyone’s guess where crude will trade - “By the end of the third quarter, there’s a good chance oil could be below $100 a barrel, and a good chance it could be above $150,” he says - others see a chance that the commodity, having enjoyed a head-spinning runup, could also drop more than anyone expects. Economist Jim Griffin notes at the ING Investment Weekly that crude’s rally earlier this year became “nearly parabolic” - a sign that the decline could be steep.”