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Good going Saj, your guesses are as good as any, but don't be shocked if you are correct. Recessions and depressions tend to slow down consumption markedly. I suppose this means the SWF may cease to be interested in assets in the West? It might get bleak, but I think the BRIC countries will absorb more of the energy and maybe things will work out for the best with the USA. Cheaper prices are so helpful during depressions, don't you think?
Sep 15 21:15 pm
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All Comments by whidbey »Demand for Oil Starts to Falter [View article]