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The last 3 posts

Saturday, October 25th 2008, 10:21am

by Kanagawa

The glue worked. But will it last?

Ok. Let us face the facts...

Oil prices slid even after the oil output cut. So much for the economics we learnt at the university. :thumbdown:
But this needs more factors to be added to make the present day economic theory workable.

Has there been a testing time in the past when so many factors worked against the world economy?
Morgage crisis
Credit crunch
Stock market slide
Bankruptcies
and most important - negative sentiment

Somebody in this forum has predicted $55 per barrel. Maybe it will be true?
The reason - people have been cutting on expenses and will keep cutting more.

My feeling - year end price $70. Anybody else has comments?

Wednesday, October 15th 2008, 7:19pm

by Alexander

My opinion about the need for glue.

Opec will reduce output.

Some OPEC countries may not agree. This is where the problems may start.

Wednesday, October 15th 2008, 7:15pm

by Michael

What kind of glue is keeping the OPEC together? May need more of it?

Rising prices - OPEC was strong. Ref some statements by the leaders in the past.

The testing time is when the $$$ are tight. Fast falling oil prices - will there be cracks appearing at OPEC?
Any second opinions?