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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: t4texas who wrote (33400)7/6/2004 5:27:03 PM
From: t4texas  Respond to of 206097
 
oh my god, looper is on kudlow now. let's see what his realtime forecast is now. there, fred said $24-$28/barrel is what the price should be given current oil inventory levels.



To: t4texas who wrote (33400)7/6/2004 7:43:39 PM
From: Tomas  Respond to of 206097
 
<<has fred said $18-$22 lately and i just did not catch it?>>

"U.S. prices may fall to $20 a barrel by early next year as producers pump more oil onto global markets, easing
concern that terrorists could disrupt shipments", Leuffer wrote in a note to clients a couple of weeks ago.

He also said: "Inventories may exceed 340 million by the end of September, causing oil prices to fall sharply"
and "investors should sell oil-company stocks."


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