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$2.429 Gas (Retitled): "We Report, You Decide"
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[QUOTE]Originally posted by Gilbert B Norman: [QB] It appears that it's time to retitle this topic; right way or wrong way depends upon the individual concerned (guarantee you, I'm "ahead of the game" @ $100bbl/$4.00ga): http://www.wsj.com/articles/demand-for-opec-crude-will-rise-this-year-says-group-1423482563 Brief passage: [i][list] [*]In the latest sign that the seven-month selloff in crude-oil prices may be nearing a bottom, an energy watchdog said that a recovery seems “inevitable” and the glut that has driven down prices by more than 50% since June could start to ease as soon as the second half. A wave of spending cuts by oil producers and a sharp decline in the number of rigs drilling for crude in the U.S. likely will slow the nation’s oil-output growth, spurring a rebound in prices, the International Energy Agency said in a report released Tuesday U.K. time. The benchmark U.S. oil price rose 2.3% to $52.86 a barrel on Monday and is up 19% from a nearly six-year low hit last month.[/i] [/list] I think there is a lesson to be learned here; even though the USA is something close to "energy independence" with the new domestic and "friendly foreign" sources, we are still at the mercy of some Sheik of Araby deciding he doesn't like the world price of oil and "does something about it". [/QB][/QUOTE]
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