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Tuesday, July 16, 2013 2:48:29 AM
Naturally the argument some have is that emerging markets growth is slowing but the overall demand remains strong in my opinion. The market is liquid if there is that much extra supply the price would already be retracting significantly.
Just look at NG, it pulled back once it was over saturated in the market place. Of course NG is localized and does not have the global exporting capacity, this would mean to me that it would be that much harder to see oil pull back since the global demand remains.
Oil & Gas | OTCBB | OTCQB | Pink Sheets
Purely my own opinion. This is not investment advise and do your own due diligence.
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