Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: elmatador who wrote (52302)	8/13/2004 8:42:01 PM
From: twmoore	Read Replies (3) of 74559

Elmat,it is to bad that we are not in close proximity to one another because I would bet you a coffee that oil will reach 30.00/barrel before it reaches 50.00/barrel.The oil futures market is being propelled by fear,rumours,and lies.There is an irrational exuberance in the oil market now that I believe will abate before oil reaches 50.00/barrel. If I am wrong,the world will be a better place because alternate sources of energy will become more cost effective.

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