Saturday, December 06, 2008

Oil Prices Falling



Most say that oil prices are falling due to an expectation of a global recession. In my view however, as the pendulam swung to the extream while prices were going up caused by wide spread speculation and market manipulation, it will now swing back on the other side to multi year low due to fears of global recession or even deflation. I wouldn't be surprized to see price per barrel of oil down to teens by the end of January 2010. In my opinion that is where it belongs.

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