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United States Oil Message Board

  • ext4r ext4r Dec 26, 2012 1:39 PM Flag

    Oil Speculators Will Ensure a Return to Recession = $30 oil coming

    Oil speculators try to push up oil prices on the slightest hint of any good economic news. But higher oil prices just snuff out any chance of economic recovery, ensuring a return to recession. Higher oil prices also encourage producers to find and develop more oil sources ensuring that oil production capabilities grow beyond our need for oil.

    If it weren't for over-speculation, oil prices would be $55 - $60 right now, based on moderate demand and our ability to meet that demand. But speculators are simply chasing each others' tails in pushing prices too high.

    Out of control oil-speculators are laying the ground-work for one big whopping recession/oil crash.

    Oil prices could easily crash to $30 again, just like 4 years ago.

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