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Bytore
FoxDen Hall of Famer
Registered: Jan 2003
Posts: 16059
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Oil will become the coal of our past. You can relegate it now, to a 20 year fix max.
It is the fuel of third world countries, and all Russia and America will get, is third world pricing.
The human race is too smart, we saw alternative, and we liked the idea. We are smitten, and will get rid of this poison.
I checked it all out, just trust me. lol!!!
Expect a hop or two up, before it really tanks, but $20 pegged today, is $40 in ten years.
So in ten years, oil will sell, for $40 a barrel.
It is inflation stuff. Yes, I will be correct on this call.
For now, expect many a test. They buy and short, the sellers of oil. But the game is getting too sophisticated. They will be looking at FOREX margins within 10 years.
The seller of oil, is shorting after the sale.
It means, if he sold too cheap, he bet the price would go lower, and he can sell, into a profit anyhow.
https://www.youtube.com/watch?v=aSsqavYIgNc
"Today's Tom Sawyer, he gets high on you
And the space he invades, he gets by on you..."
RUSH
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01-21-15 11:45 PM |
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