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


To: CommanderCricket who wrote (70708)9/9/2006 5:26:44 PM
From: booyaka  Respond to of 206336
 
$50 oil in 2008, if not significantly lower..

In case you didn't click through and read the whole piece, this is how it ends:

In our ‘ultra-cool’ scenario, a combination of a longer-than-expected economic slowdown and unexpected increases in global refinery capacity could well send the price of crude where it was in 1999, in the aftermath of the Asian crisis. This is an outlier scenario, but history has taught us that the markets tend to under-estimate the reaction of economic agents to very large changes in relative prices.