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To: NYorkerInHouston

Prediction:

Prices will rise due to the above factors, but once enough roads are opened and Gulf oil production at least up closer to normal, prices will drop. This drop (which may only be $8 a barrel) will trigger a massive sell-off. They'll drop some more and Steve Forbes will be proven correct.


3 posted on 09/02/2005 8:48:42 AM PDT by RockinRight (What part of ILLEGAL immigration do they not understand?)
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To: RockinRight

What'd Steve Forbes have to say?


8 posted on 09/02/2005 8:54:20 AM PDT by xrp (Fox News: I wonder if Greta will cover Aruba Missing Teen for all eternity?)
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To: RockinRight
Prediction:

Prices will rise due to the above factors, but once enough roads are opened and Gulf oil production at least up closer to normal, prices will drop. This drop (which may only be $8 a barrel) will trigger a massive sell-off. They'll drop some more and Steve Forbes will be proven correct.

Assumption:
People that buy and sell oil for decades have a better understanding of the market than you or I.

Prediction:
The price of oil in 12 months will be closer to the futures contracts being bought today, than $37.50.

In 12 months, you’re going to see oil down to $35-40 a barrel,” the publisher of Forbes magazine told reporters.

10 posted on 09/02/2005 9:01:02 AM PDT by thackney (life is fragile, handle with prayer)
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