Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (57157)	12/13/2004 1:00:36 AM
From: LLCF	Read Replies (1) of 74559

<If you do a search, you'll find a consistent opinion from me that OPEC was losing market share and that prices were too high and that unless they started pumping their oil and got the money, they'd lose to other options, of which there are plenty. > Why does this point to 'plenty of oil' and lower prices? <We could easily see $20 a barrel. Maybe even $10 a barrel. Anything over $30 a barrel in 2004 dollars leaves too many alternatives to take market share. ?> There are discussion all over SI why this is wrong... why don't you jump in? DAK

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