OTCPK:MAUXF - Post by User
Post by
carlos6on Aug 12, 2013 10:15am
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Post# 21663363
re: oil at the top of its peak
re: oil at the top of its peak
Andrew McCreath on BNN showed a couple of charts that indicates oil may go down to $80. due to over production from the US, Cdn. oil sands & the middle east not reducing oil production.
US$ going up as the US becomes self-sufficient in energy. Emerging mkts go down as well as Japanese export cos. as the US dollar goes up. Everybody's costs wil go up as the US$ goes up.
On the other hand one guy from the US last week on BNN said the WTI/Brent price spread wil go back to $5-10. That's good for Mart, but if they can't get the product to market...?????
carlos