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Saturday, May 20, 2006 2:18:25 PM
"oil analyst" Deborah White, states that OPEC may be decreasing oil production. Turmoil in the Middle East may cause crude to go $85 a barrel and it may go as high as $97. She said everything has to be just going perfect for oil not to exceed $100 a barrel. Any kind of major disruptions could take it allot higher.
Whatever may be the case the fed and its policies will not have an impact on Russian oil companies. Other things going on in the world may determine what it will cost the US for a barrel of imported oil. I read that in California the price per gal at the pump is $4.08 for regular.
Is it possible? Gold a thousand for and ounce? I was reading that it may reach two thousand even three?. Its a hedge against inflation? How much inflation is expected?
Gas would be $20 a gal I guess.
I was reading something on ebay last summer for those interesting in gold mining or panning. There are gold properties on federal land that are leased relatively cheap if I remember.
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