Predictions, predictions, predictions!  That’s the word being hinted in the trading market for oil.  Oil as of now has reached a record of $123 a barrel and quite possibly, can reach $200 a barrel in two years based on predictions that Goldman Sacs made Tuesday about the numbers.

These predictions don’t seem to go away anytime soon.  Nations are dependent on gas to fuel their economy, yet the price we pay is based on speculation of “he said, she said” all because of high demands of oil, a weak dollar, a weak economy, turf wars in Iraq and Afghanistan, refinery strikes in Britain, and sabotage of such refineries in Nigeria and Iraq.   Events happen everywhere, every time.  That doesn’t mean investors should bet against them and have us pay the bill.

The investors are also to blame for their continued waging on oil commodities and not being fair with nations who need the oil to get by such as our own, the US OF A.  These investors need a safety net to hedge their bets against a so-called inflation cycle in America and a weak dollar.  That’s ashame.   What’s even worse, is having such a commodity being traded in these markets in the first place.  What ever happened to fair trading between oil nations?

The Govt even stated that gas should peak at $3.73 a gallon by June.  Is it going to be $3.73 a gallon next June?  PUMP N’ GO doesn’t think so.   It’s going to be more.

Even the stock market made higher gains despite the increase of oil.   That doesn’t surprise PUMP N’ GO.  Inside trading has a way of tweaking the numbers of how much companies will make or lose, and giving the rewards of such trading to the big investors such as those oil commodity traders.  And what do we get?  High prices for gas and other common living necessities.  We’ll keep you pumped for more news.

http://money.aol.com/news/articles/_a/oil-nears-123-on-200-oil-prediction/n20080506145909990047

http://www2.goldmansachs.com/

http://money.aol.com/news/articles/_a/government-again-raises-estimates-on-oil/n20080506150709990002

http://biz.yahoo.com/ap/080506/wall_street.html