Hoping for Good Gas News....

Spike · 2006-05-17T20:38:55+00:00

Just received this...... granted this publication is focused oninvestors, but we could sure use some good news.... Dear MoneyNews Reader,Saudi Arabia's oil minister Ali al-Naimi is warning that oil pricehikes and global oil demand could soon disappear.In fact, he is also warning that oil prices could easily "plummet" inthe near future.As you may know, Financial Intelligence Report, a sister publicationof NewsMax and MoneyNews, has already issued the same warning to ourinvestors. We also have revealed how investors can profit from thecoming oil price drop - find out more.Our track record on oil is impressive. In April 2004, FinancialIntelligence Report predicted that oil prices would skyrocket from $29per barrel to over $60 within 12 months. That forecast was dead on.Today we feel that oil prices will continue to dramatically fall inthe next 12 months to as low as $40 a barrel!And please take a moment to read about the Saudi oil minister'scomments on oil reprinted below from the Associated Press.Thank you.NewsMax and _____Oil Minister: Don't Bank on High Growth WiresAMMAN, Jordan - Saudi Arabia's oil minister warned Arab producersSunday not to expect continued growth in prices and demand for oil.Ali al-Naimi said prices could plummet if an economic crisis drivesindustrialized nations to find other sources of energy, citing the1980s - when oil prices dropped by 80 percent after such nationsreduced their dependency on Oil and turned to alternative energysources.''Global economic growth may not continue at the same good momentumfor years to come,'' al-Naimi said at the opening of a four-dayconference of Arab energy ministers in Amman. ''We should be carefuland not take expectations as indisputable, especially the continuationof big demand for oil and its prices remaining at the same level orincreasing,'' he said.Al-Naimi also cited the Asian economic crisis of 1997-1998, when oilprices fell by 50 percent, slowing Arab oil production.''Some are even concerned about a...