GREY:CLLZF - Post by User
Post by
rubberneck2on Jan 20, 2008 4:01pm
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Post# 14232471
ENERGY SECTOR DOWN...OIL RUNNING OUT
ENERGY SECTOR DOWN...OIL RUNNING OUTEnergy market as a whole is looking for a correction in the price of OIL..OIL should move down toward $60-$80 level...We all know that if the price of oil becomes cheap CHINA and INDIA will be Stockpiling as much as possible....Also cheap oil pushes out the alternative fuel story which intern increase the demand once again for OIL....Any way you fill it, CHEAP OIL EXPENSIVE OIL its running out and fast....5 -10 years and we'll have hit the peak, oil supply from that point foward will slowly be reduced increase the cost for you and I to buy it.