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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: GVTucker who wrote (91384)10/2/2007 3:56:20 PM
From: Umunhum  Read Replies (3) of 206121
 
if you haven't heard an intelligent argument for lower crude prices going forward then you aren't listening. I'm not saying lower prices are a done deal, but higher prices aren't a done deal, either.

I read and listen to everything that I can get my hands on.

Crude demand in the US declined last year.

Going forward demand is going to continue to decline. That's generally what happens when less of something is produced. The price tends to rise too :o)

If you want to see a detailed picture of how crude prices could go lower, CERA is a good outfit that is bearish on crude prices.

CERA has been wrong about everything that I have ever read from them. I don't know how Daniel Yergin can be taken seriously by anybody that has listened to what he say for more than a year or two. The guy obviously has some kind of agenda because nobody could be that stupid.
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