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Re: tryoty post# 148314

Thursday, 01/01/2009 2:12:50 PM

Thursday, January 01, 2009 2:12:50 PM

Post# of 361303
Oil Didn't Run Up To $147. On Market Forces. It was run up by Speculators. The speed at which it ran up is proof. Same as the Hunt Brothers ran Silver up to $50. oh so long ago. Silver has never gone back to $50. & I don't think oil will see $147. for a very long time. When oil was nearing it's peek even OPEC was trying to bring the price down. They knew it was way too high & would be bad for business. (Smaller cars, different sources of energy, etc.) Oil will go back up, but to a more realistic level. IMHO.