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To: Lejes Rimul

Hmmm...a commodity needed in almost every facet of the american economy drops in price and it's a bad thing?

What kind of crack are you smoking?

Skyrocketing petroleum prices will eventually effect every part of the economy in a negative way -except for oil stocks and the people who profit from high oil prices.

You're concerned about less than 1% going bad while 99% of the economy would benefit. Yeah, we should keep it sky high just so the people who've invested in oil stocks don't get soaked. Man.


12 posted on 08/29/2005 11:08:16 PM PDT by flashbunny (Always remember to bring a towel!)
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To: flashbunny
"I'll be blunt, there's hardly a hedge fund in North America that hasn't speculated on oil futures.

...

"I don't think it's going to go to $US100 but if it does, the crash is going to be even more spectacular," he said.

"It will make the hi-tech bubble look like a picnic – this thing is not going to last."


Hello? Hello? Read the article - everyone in America is investing in oil, thanks to our brilliant fund managers. A slow decline is oil prices is good. Bursting a bubble? Never good, under any circumstances.
15 posted on 08/29/2005 11:12:22 PM PDT by Lejes Rimul (Paleo and Proud)
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