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

To: elmatador who wrote (42740)	11/14/2008 6:05:38 AM
From: Condor	Read Replies (1) \| Respond to of 217816

The question is, will producers scale back enough to keep $ 65-75/bbl ? I'm inclined to think the producing countries demand/need for $ will preclude them from collectively agreeing on anything regarding a united front and I bet they don't trust each other, so wholesale cheating will occur. I remember back about 6-8 months on one of these threads a fellow showed up (who I had never heard of before) and simply stated that oil would move to $ 60 and then later to $ 20. Oil was $ 135 then if I remmeber correctly. He was thoroughly scoffed at by many (incl. myself). He may turn out to be right. I wish I could find his post but I can't locate it. I'd like to hear his thoughts. This time I'd listen and not talk. :o)