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United States Oil ETF Message Board

  • ext4r ext4r Jun 20, 2013 3:18 PM Flag

    Oil $150 five years ago, $115 two years ago, $99 five months ago, Now $94 and falling

    High oil prices have encouraged a glut of oil production capability, yet those same high oil prices have caused a global economic slowdown squashing demand.

    Oil would be $65 if it weren't for Ben B trying to prop things up.

    It will soon all come unraveled. We'll even see prices drop to $50 and lower in the coming recession.... But $65 is coming first.

    PS. Please don't tell me that you drank the kool-aid and now you believe we are recession-proof forever.

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