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Analyst: Oil Prices Inflated by 50%

Gheit has been wrong more than he has been right for the past three years, and Norman is usually an over-reactive talking head.
We simply have seen demand destruction with $4 gasoline and the dollar valuation has also had some impact.
Oil prices will remain volatile in the next decade while switching to other energy sources. Playing the oil sector is only for the strong.
Any minor supply disruption can turn this market completely.