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  • Hayward and Butler Comment on Speculation in Oil Markets [View article]
    If you don't think there will be DRAMATIC demand destruction over the next 2 years due to the current price, you haven't done your homework.
    Jun 13 09:58 am |Rating: 0 0 |Link to Comment
  • 1,238 Billion Barrels of Oil Reserves: Is This an Oil Price Bubble? [View article]
    br1756
    The problem with your 34-40 yr analysis is that 20 years ago, when I went to work for Conoco, we had guess what - 40 years of reserves in the world.

    As the author pointed out, reserves have been GROWING, that means more oil has been found than was produced.

    Trust me, this is all a shell game, and at some point it will crater to $50 or lower and OPEC will be all woe is me and the oil producing states will take it on the chin as they always do during the bust that follows all booms.
    Jun 12 10:32 am |Rating: 0 0 |Link to Comment
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