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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: energyplay who wrote (47564)8/28/2005 4:34:25 AM
From: whitepine  Read Replies (2) of 206223
 
EP,

OK, $10/gal is a stab in the dark. However, I think panic and severely limited supplies will cause prices to rise. Many thought $3 gas would affect demand much more than it has. Yes, demand is relatively inelastic. That is why I am thinking maybe $10 ST. The effects on food prices and other products -- higher, yes, but how much? Discretionary income for many will be negative for a long time.

SPR tapping might not help if refineries sustain major damage. Sure hope not.

wp
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