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  • Is Oil a Bubble? Part 3 [View article]
    My friend,
    I thought your analysis was impressive but dare say you're missing the point. oil isn't about supply, demand or available reserves.. Oil is about P-A-N-I-C..
    Without Oil the Chinese and Indian economies (and many more for that matter) will simply come to a halt. China will pay any price to secure that black fluid that keeps factory machines working. You could find a huge Oil well in downtown NYC and the price will still remain the same. I guarantee Oil will reach $200 and beyond. The good news is that alternative energy is now fully funded and results will show soon, but the price of Oil will never drop.
    Cheers.
    Jun 08 06:22 am |Rating: 0 0
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