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Non-Tech : Alternative energy
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To: Eric who wrote (9411)11/24/2010 8:17:36 PM
From: Jacob Snyder  Read Replies (2) of 16955
 
<$100 plus per bbl next spring>

I hope not. Oil spiking over 100$ in 2008 was a major contributor to the financial meltdown and global recession that followed.

Oil has been in a 70-85$ range since mid-2009, which is high enough to encourage alternative energy, but low enough not to cause a recession. Perfect, and I hope it stays that way.

If oil spikes well above $100, I'll sell my BP and FSLR into that rally, and go to 100% cash and gold.

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