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Gold/Mining/Energy : Oil Sands and Related Stocks -- Ignore unavailable to you. Want to Upgrade?

To: TechnicalandDD who wrote (11115)7/6/2006 8:15:06 PM
From: insitusands  Respond to of 25575
 
You mean oil prices "would" fall back to $100 i.e. a 50% correction if crude went to $200? Perhaps more, through the floor so to speak, a 61.8% correction to $76.40? Then everything would be O.K. right?



To: TechnicalandDD who wrote (11115)7/7/2006 2:44:37 PM
From: timis  Read Replies (1) | Respond to of 25575
 
You really want oil to hover around $75/barrel in order to prevent demand destruction. If my memory serves me well we already had a taste of small demand destruction caused by Katrina.


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