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Re: lentinman post# 7219

Friday, 03/18/2005 3:41:35 PM

Friday, March 18, 2005 3:41:35 PM

Post# of 173793
OIL PRICES.....Bring it on,let them slam the price of oil! I've been long oil futures several times in the past few years and would welcome any and all low risk entry points!
The fact is that world oil production has "peaked" and demand is rising. The supply and demand situation for oil is very positive. Now throw in the kicker of a US$ dollar that is being "printed" and exported all over the world and voila....higher pricers for oil in US$!!
The oil price in US$ has nowhere to go but up in the long-term in my opinion. Would you trade your valuable oil for "highly suspect" paper(US$)if you were selling oil? You would probably want more and more US$ dollars for your barrel of oil to compensate for the depreciating purchasing power(value )of the US$.

Rogue

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