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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: SARMAN who wrote (455473)2/10/2009 2:19:52 PM
From: Road Walker  Read Replies (2) | Respond to of 1575397
 
There are few countries that can produce oil below $30.

I thought it cost Saudi Arabia $10 to get a barrel of oil out of the ground???



To: SARMAN who wrote (455473)2/10/2009 2:23:43 PM
From: michael97123  Read Replies (1) | Respond to of 1575397
 
My feeling is that nervous producing countries will flood the markets with what is already produced. Thus like SAKS, oil will be on sale at any price as inventories reduced. From some lower number, whether $20, $25 or $30 prices will stablize and start to rise based on 1. demand and 2. cost of getting oil out of the ground. We sort of agree then.
Market at 10K in a year. I will take it in a heartbeat.


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