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


To: Think4Yourself who wrote (200806)5/7/2009 10:23:31 AM
From: DebtBombRead Replies (1) | Respond to of 306849
 
Oil smoking to $58....in depression....man this is great, LOL.



To: Think4Yourself who wrote (200806)5/7/2009 10:27:01 AM
From: DebtBombRespond to of 306849
 
Oil charts looks like 2006-07....I thought it might do this....bottom early in the year....looks like $100 by Dec., IMO.



To: Think4Yourself who wrote (200806)5/7/2009 10:32:11 AM
From: DebtBombRespond to of 306849
 
Pickens Tells CNBC Oil to Hit $75 a Barrel This Year
March 5 (Bloomberg) -- Billionaire hedge-fund manager Boone Pickens told CNBC today that oil prices will reach $75 a barrel before the end of this year.

Prices will climb past $60 a barrel before going below $40, he said. Oil for April delivery on the New York Mercantile Exchange fell below $40 a barrel in intraday trading on March 2 and 3. Crude last topped $75 in intraday trading Oct. 21.

“I can tell you that OPEC has got to have more money for their oil, and they are going to cut supply and by the end of the year, you’ll be back up to $75,” he said. Members of the Organization of Petroleum Exporting Countries may decide on a fourth supply cut in six months at their next scheduled meeting March 15 in Vienna.

bloomberg.com