Tuesday, Nov 27, 2007
Oil to go to $400 by 2010???
Market Oracle: Hyper Inflation: Crude Oil and Gas The Next Fed Made Bubble To Come In 2008
"Do you expect oil to have spent 24 years from 1980 to 2004 within a trading range from $ 10 to $ 40 just for a short term “rally” ? ... It was and it is much safer to keep in mind that the breakout above $ 40 in 2004 was most likely the early stage of a ONE DECADE BULL for oil prices"
Posted by sold 2 rent 1 @ 07:16 AM (458 views) Add Comment
2 Comments
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1. harold said...
Oil to go to $400 by 2010???
I.e., US$ to be virtually worthless by 2010.
2. yorkshireman said...
The article refers to a one decade bull. There is only one form of bull about this article and it is B.S. Even now, we have unrest in the haulage industry. All commodities have at one point have to go on the back of a lorry. Any investors drooling and rubbing their hands should bear this is mind. It is likely that we will see fuel protests again, even at the present prices. You can forget raising fuel prices by two or three fold. There will be civil unrest on an unprecedented scale and economic collapse.