Could Swine Flu Slow Economy Recovery

Pig’s get Fat, hogs get slaughtered; OPEC made a ton of money last summer, could they pay for it this summer by a Pig Flu?

Oil has traded near $50 a barrel this month, about a third of its record high in July, as the global economy remains weak and traders grapple with an uncertain outlook for recovery.

On Sunday, Abdalla el-Badri, Secretary General of the Organization of Petroleum Exporting Countries, warned that oil prices of $50 per barrel are “insufficient for continued investment” and urged a $70 barrel.

Algerian Energy Minister Chakib Khelil predicted on Sunday that prices would rise to $60 a barrel by the end of this year.

But Kuwaiti Oil Minister Sheik Ahmed Al Abdullah Al Sabah said Sunday that a price of around $50 a barrel is “reasonable” for crude considering the global economic slowdown. He said OPEC should wait for the results of massive stimulus packages by governments around the world before deciding whether to cut production at the cartel’s next meeting on May 28.

Irony maybe, OPEC which in the world of other sports knocked the cover off the ball for most of last year with fuel price over $100 and reaching almost $150 fuel, had many chance last year to slow that dramatic raise. Instead because of their own piggish creed got fat rich and happy during that period.

Now with the economy in a slump partly because of them, they OPEC are begging for $60 or $70 a barrel. The old expression that I know is pigs get fat and hogs get slaughtered. With the Swine Flu hitting Mexico and at this point we are only talking about 100 people, so say this could slow world economic recovery. Could a pig that took so much from us last year, this year really get slaughtered by an actual pig disease?

Wow!

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