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Strategies & Market Trends : Value Investing
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To: Demetre Deliyanakis who wrote (16577)3/11/2003 9:49:08 AM
From: Wyätt Gwyön  Read Replies (2) of 78669
 
There is a built in premium to today's spot crude prices

i don't think anybody would deny that. the oil stocks are all priced like crude is at $15. but the long term supply picture is very bleak. didn't you hear--the Saudis are at full production. once you are at full production, you can't control the price.
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