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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: shadows who wrote (99145)	7/24/2008 5:24:20 PM
From: kidl	Read Replies (2) \| Respond to of 100058

This is one of my favorite forums but statements like this puzzle me ... >>>Oil is hugely overvalued,next support for which is $121 and then $110.Fair value is about $80,a target for 2009<<< Where is this number coming from aside from tabloids or selfserving mouthpieces? Existing field are declining. We know that. New stuff is either 3,000m below the water or in countries few want to touch. Global demand is still up in spite of the US slowdown. Is the US trying to rescue the dollar by killing oil? Ah fark, I am so farking lost. Sorry about the rant.