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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: elmatador who wrote (64668)5/20/2006 7:39:40 AM
From: Ed Ajootian  Read Replies (4) of 206093
 
elmatador, thanks, that's tremendous news. Not only for the world's future security, but also for the long-term prospects for oil prices.

It has become painfully clear that $65 WTI oil is not a price that would be kind to the long-term price of oil, due to the fact that that price causes oil demand to slow down too much. The only way this secular move in oil prices can be sustained at this point is if we could somehow magically get the price back down to around $55. Maybe we will get lucky here.
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