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Old 06-08-2008 | 08:01 AM
  #11  
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CE750
Indian Takeout Driver
 
Joined: Mar 2006
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From: FAR part 347 (91+121+135)
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Opec, which has a major vest in the future viability of oil as a commodity that they can sell to subsidize their economies has done study after study and determined that the actual demand for oil should yield prices far closer to $60/barrel... but in the end, the weak dollar, war risk, and other factors are fueling this crazed speculation and many are getting rich on it, so why stop while we're having fun is the attitude? In the end, the free market will right itself, but how long it will take is the question.. I agree, Novemeber, December.. I see a downward slide.
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