T-boone says 110 but no lower than 100.....
Umn one can say this "Recession" is about real estate... but i wouldn't count out that the "slowdown" happened when gas hit $3.50, I'd say that is supply demand equilibrium.... and that there will be long term demand destruction from there.
I was all about $200 oil or $150.... Problem was it went Parabolic.
Thursday, August 14, 2008
Crude
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