Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: energyplay who wrote (61476)	4/3/2005 2:34:12 PM
From: Hugh A	Read Replies (1) of 74559

...oil in the $30 range would be very possible - if only for about 6 months or so. EP - I agree totally and stand by my earlier prediction... "...I see a 95% probability of $26 oil within two years and 50% probability within a year." (August 11, 2004) Econometrics shows that oil price is mean-reverting and except for recent history, since 1973 has always reverted to the US$24-26 range. I expect short term bargains in energy are coming sooner than most expect. HA

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