 Bodog Posts Odds on Skyrocketing Oil Prices
Drivers Retreat, Bettors Compete; Bodog.com Posts Odds on Skyrocketing Oil Prices
World’s Most Comprehensive Online Sportsbook, Casino and Poker Site Leads Trend for Wagering on Big-Time Events
August 8th, 2005 - Today, Bodog.com released odds on the looming hike in the prices of crude oil.
“With the markets coming to terms with the death of Saudi Arabia’s King Fahd; security threats in Saudi Arabia; Iran’s impending plans to resume some of its nuclear activities; and a general global demand for petroleum, there is little wonder why we are experiencing soaring oil prices,” says Calvin Ayre, Founder and CEO of Bodog.com. “The question is if the steady hike in the price of this commodity will level off before hitting new record highs?”
Many experts are predicting that the price of oil will reach above $70 per barrel before the end of 2005. With a voracious demand for oil from the United States and other growing economies such as China and India, the supply for this valuable commodity is falling short of adequate sustainable levels. Markets have been in jitters and the price of oil per barrel has now risen above $63.
Amid speculation regarding the price of oil, the odds suggest at -120 that the price per barrel will hit $70 before the end of 2005. |