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Re: otraque post# 308627

Tuesday, 10/12/2004 4:51:31 PM

Tuesday, October 12, 2004 4:51:31 PM

Post# of 704044
There's a lot of noise recently from people who want to manipulate the market. I think most of the talk about $60 oil is coming from them, and they will sell their positions as soon as they see that won't happen. We could thus be in for a nasty drop in the price, likely down into the low $40's pretty quickly.

BP's prediction, though, is another story. I'm inclined to agree, but I'm not sure I'm happy about the source, given their inability to estimate even their own reserves...

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