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 (63853)	5/15/2005 12:58:16 AM
From: Spheres	Read Replies (1) of 74559

"Which is why oil prices will be going down, not up. Short it all! Back to US$30 sooner rather than later." Mq, aren’t you an old oil pro? What the heck are you thinking about here; $30 oil? Pllfffflttt. Hey, here in the good ole US our government has us primed to believe that today’s prices are cheap (insert inflation adjusted disclaimer). You see, we were way overdo for a correction to the upside, and it has nothing to do with the war. So, in dollar terms, this coincidental run-up in oil is to be considered a permanent inflation adjustment, rather than a purposeful result of the war in Iraq. Where have you been, NZ? Sheese, don't be such an isolationist. Perhaps I have misread your comments, and you do indeed expect oil to maintain its new price level. Otherwise, I suppose I question your ability to gauge the future value of a dollar.

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