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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (5274)4/4/2006 4:26:05 PM
From: Maurice Winn  Respond to of 218659
 
I'd say that oil prices have run their course and this summer, they'll head down. I'm surprised they held up as well as they have. But Iraq hasn't even started increasing production and has a LOT of reserves.

As prices start falling, Saudi Arabia will have dramatically reduced revenues, which they won't like Venezuela will not be feeling so smart either.

Mqurice


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