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  • January 16, 2008 at 5:49 PM #137163
    bob007
    Participant

    if you base on supply/demand oil is $70 per barrel. the problem is that world is awash in money. The hot money is chasing oil driving the price up by $20-30.

    January 16, 2008 at 6:37 PM #136908
    stockstradr
    Participant

    I see that gold_dredger_phd also sees what I see regards price of oil (short-term)

    I completely agree with his comments, and others on here that realize oil is speculatively OVERpriced given we are headed ito a fierce recession.

    When we see oil sink to $50-$60 / bbl within 24 months then that will be the time to BUY.

    January 16, 2008 at 6:37 PM #137111
    stockstradr
    Participant

    I see that gold_dredger_phd also sees what I see regards price of oil (short-term)

    I completely agree with his comments, and others on here that realize oil is speculatively OVERpriced given we are headed ito a fierce recession.

    When we see oil sink to $50-$60 / bbl within 24 months then that will be the time to BUY.

    January 16, 2008 at 6:37 PM #137142
    stockstradr
    Participant

    I see that gold_dredger_phd also sees what I see regards price of oil (short-term)

    I completely agree with his comments, and others on here that realize oil is speculatively OVERpriced given we are headed ito a fierce recession.

    When we see oil sink to $50-$60 / bbl within 24 months then that will be the time to BUY.

    January 16, 2008 at 6:37 PM #137169
    stockstradr
    Participant

    I see that gold_dredger_phd also sees what I see regards price of oil (short-term)

    I completely agree with his comments, and others on here that realize oil is speculatively OVERpriced given we are headed ito a fierce recession.

    When we see oil sink to $50-$60 / bbl within 24 months then that will be the time to BUY.

    January 16, 2008 at 6:37 PM #137209
    stockstradr
    Participant

    I see that gold_dredger_phd also sees what I see regards price of oil (short-term)

    I completely agree with his comments, and others on here that realize oil is speculatively OVERpriced given we are headed ito a fierce recession.

    When we see oil sink to $50-$60 / bbl within 24 months then that will be the time to BUY.

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