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A $40 Bottom in Oil?

The pendulum has swung back to the low side and has clearly dropped prices below what we be seeing in the near future.

It will take a terrible world wide recession to keep prices below $80 for very long.
The screaming and gnashing of teeth at $147/bbl will resound again when the economies straighten out some. We have to find alternatives very soon.

The Dems will be throwing money at the problem and although most of it will be squandered, perhaps some good will come from it before we are bankrupt.