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  • How Long Will The Price of Oil Remain This Low? [View article]
    My guess is $70/barrel in 1 year and $100/barrel in 2 years.

    I'm in the camp that says that the massive amount of money being pumped into the world economy by world banks and governments will cause a sharp increase in economy output once there is a "feel" that the world economy is in recovery. Then, it will take off.

    The velocity of money now is very low (corporations, especially banks, and individuals are hoarding money) countering the large money supply. Once recovery starts there will be the typical “I don’t want to get left behind” attitude that will cause a large increase in spending of that hoarded money.
    Dec 03 10:48 am |Rating: +2 0
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