That will result in a
reduction in oil exploration globally. Eventually that means oil makes a
hard run up again perhaps to $150 which will mean $5 per gallon. This
is all being orchestrated by Saudi our friends. Of course what goes up
does come down and eventually will settle back in the hundred dollar
range not counting inflation. If you look at the long-term charts of
oil pricing there is a very solid hundred dollar price support and
resistance level. So enjoy your low oil prices why you got them
Reflecting
its lessening oil clout, OPEC decided Thursday to keep its output
target on hold and sit out falling crude prices that will likely spiral
even lower as a result.
www.foxnews.com
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