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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (163882)11/12/2008 2:31:39 PM
From: patron_anejo_por_favorRead Replies (1) | Respond to of 306849
 
At these prices, they'll pretty much shut out all marginal new production from everyone BUT OPEC. So the price is pretty much up to them. If they want it to go to 40, I'm sure they could get it done......<NG>



To: DebtBomb who wrote (163882)11/12/2008 2:38:02 PM
From: The ReaperRead Replies (3) | Respond to of 306849
 
``If oil doesn't rebound in the next two days, we may have to meet to discuss this abnormal situation,'' Shokri Ghanem, the head of Libya's National Oil Corp., said in a telephone interview today from Tripoli.

Translation: If the market doesn't save us in 2 days, we're gonna get a margin call. Moammar doesn't like margin calls.


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