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#9 (permalink)

07-21-2008, 02:25 PM

jhv48

CC Member

Join Date: Aug 2007

Location: Carlsbad, Ca

Cobra Make, Engine: SPF 2932 with 438 Lykins Motorsports engine. Previous owner of FFR 5452.

Posts: 2,617

Not Ranked

Quote:

Originally Posted by 86Sebring

"Record oil prices are inflated by speculation and not justified by market fundamentals," according to Gheit. "Based on supply and demand fundamentals, crude-oil prices should not be above $60 per barrel."
read here:
http://www.marketwatch.com/news/stor...%7D&dist=msr_3

So was the housing market and look what happened to the price of homes when that bubble burst. All commodities have a some sort of boom and bust life cycle. I think oil is very close to bust!

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