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Old 06-26-2008 | 10:20 AM
  #11  
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Outlaw2097
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Joined: Feb 2007
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$200 oil is next to impossible.

Look at global economies. Theyre all down 5-10% with oil where it is right now. As the price increases, everything will slow down worldwide.

92 Set, think about it: If the reluctance to fly goes downhill, there will be less flights. Less flights equal less fuel consumption. Less fuel consumption on a global scale means a greater surplus of fuel in reserves. Excess fuel dictates prices go down. Simple supply/demand theory.

Besides, if oil brushes with $200, a recession would be underway if not imminent, and then it will all slide downhill, probably to levels we see today.
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