Monday, October 29, 2007

Get Ready for Cheap Oil

It is impossible to maintain these near hundred dollar per barrel oil prices. There are no fundamentals to hold these prices here.

It should be $50 or maybe $60 which is 3 years ago $45 when the dollar was worth more. Then you could buy a Euro for about a buck. Today it will cost you a buck fourty. That's the real value of oil. Just hold on. Lower oil prices are on the way.

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