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How’s this for Speculation problems? July 30, 2008

Posted by shwaldman in Uncategorized.
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demand WORRIES? HUH? After months of rising cost of oil because it appears the world is running out of oil reserves, some relief,… wait, what?

http://www.forbes.com/feeds/ap/2008/07/30/ap5268957.html

“Oil prices were slightly lower Wednesday, below $122 a barrel, after sliding overnight on expectations that this year’s surge in energy costs is undermining U.S. gasoline demand.”

Am I missing something or are we just at the whim of theorists having no real idea of what is going on?

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