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Ace Hanlon

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Ace Hanlon

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Re: Zeev Hed post# 280248

Thursday, 08/05/2004 6:33:29 PM

Thursday, August 05, 2004 6:33:29 PM

Post# of 704047
I do not have a crystal ball for the daily action.

HOWEVER, quite a few people have long challenged the Wall Street consensus that oil prices would soon head back down towards $25. People like Matt Simmons who has long been talking about an imminent end to the era of cheap oil.

All stock market and economic forecasts must consider seriously the possibility that consensus oil price forecasts have been much too low IMHO.







“The things that will destroy us are: politics without principle; pleasure without conscience; wealth without work; knowledge without character; business without morality; science without humanity; and worship without sacrifice.” Mahatma Gandhi

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