Thursday, September 9, 2010
Phil Flynn: One Bad Auction Don’t Spoil the Whole Bunch Girl
The first sign that things might not be so great was a report from The Energy Information Agency’s much anticipated Short Term Energy Outlook. The EIA revised lower their outlook for demand because of what they see as a slowing economy. The EIA lowered their forecasted GDP growth number from growth projections of 3.1 and 2.7 percent for 2010 and 2011, respectively down to growth of 2.8 percent in 2010 and 2.3 percent in 2011.
That decrease in economic optimism caused them to lower their crude price projection to the current average of.....Read the entire article.
Don’t miss this killer product....Get "RIGHT ON THE MONEY"