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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: buckbldr who wrote (41346)4/4/2005 11:59:41 AM
From: Tommaso  Read Replies (1) of 206114
 
I just wonder how Slider can imagine that the price of oil is "manipulated." To say that implies that someone is in control. As best I can tell, not even OPEC is really in control of anything. There are constantly fluctating supplies and demand all over the world.

While I am not about to jump on the Goldman Sachs bandwagon, it does seem to me that the question about $100 crude oil is not whether, but when. I cannot live my own life without a few gallons of gasoline a week, and I would certainly pay $5.00 a gallon to make the necessary trips. And I suspect there are a billion Chinese who would pay the same amount in order to be able to drive 25 miles a week, once they get the cars.
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