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Why Dell Will Never Be Great Again
Is the oil market approaching an inflection point? Investors in selected stocks -- and consumers who purchase gasoline -- certainly hope so. The price of oil has doubled in about two years, pushing gasoline over $4 per gallon in most parts of the U.S. and slowing what was an already anemic economy to a crawl (or worse) in the process.
Oil traded down $3.98 to $120.75 per barrel on Tuesday at mid-day. Oil hit a record $147.27 per barrel on July 11, 2008. Also on Tuesday OPEC President Chakib Khelil further fanned the oil price debate by stating that oil at $123 per barrel "is abnormal" and that prices could fall to $70-80 per barrel, Reuters reported.
Bullish case, bearish case
Given the link between oil's price and U.S. economic growth, BloggingStocks Tuesday asked two economists to outline the bullish and bearish cases for the world's most vital commodity.
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