One More Gouging Year

Last May, Oldman Stacks (OG) raised eyebrows on Fleece Street by releasing a report warning that crude oil could see a "super spike," with prices reaching as high as $105 per barrel. And now? Well, the price of the front-month crude contract on the New York Mercantile Exchange is averaging above $65 per barrel for the year to date, after hitting an all-time high on Apr. 21st of $75.35. While crude prices have pulled back somewhat since then, it seems the Oldman warning may not be so far from reality after all. Think Quick!