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Politics : Politics for Pros- moderated
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To: michael97123 who wrote (112525)5/4/2005 1:59:33 PM
From: John Carragher  Read Replies (1) of 793931
 
not sure if this guy has been right in prior predictions or wrong each time. $25 seems a low in anyone's mind for oil. I think we are talking recession in china etc to bring demand low enough to $25.

Inventories could be built right now based on expectations. If economy world wide slowing prices will drop to adjust for high inventory and supply will be cut back. It may take months for prices to drop as no one wants to leave their money on the table. then again if they are dropping fast it is because everyone wants to unload their inventory at higher prices than they expect will be the price in future months.

this summer the oil reserve will be full. I expect our defense department is in the process of buying the last few contracts unless Bush or someone feels we need to extend these purchases.
this will take some demand off the market and should cut spending some.

deficit cut.. i don't know how that will work. if we are in world slow down or recession perhaps we cannot sell our goods , maybe our dollar goes up if we continue to produce.

Right now i go with Greenspan, we are slowing down, we have moderate inflation and hopefully things will move along for few more years. congress needs to cut spending.
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