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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Hawkmoon who wrote (5047)11/15/2001 12:38:25 AM
From: isopatch  Read Replies (2) | Respond to of 33421
 
OPEC decided on NO cuts in production.

biz.yahoo.com

Bye bye $20/bbl crude oil. Next stop, IMO before year end, $15 oil. Gasoline prices are going much lower along with all the thousands of petrochemicals, fertilizers, plastics and synthetic fabrics all through our economy.

Everybody loves the lower prices and lower interest rates at first. But we're in a deflation and it's going to get very nasty next year.

Isopatch