05-17-2008, 04:53 PM
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Member
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Join Date: Mar 2005
Posts: 883
 Mars
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Quote:
Originally Posted by Cyco
CitiGroup obvious thinks the peak is some way away, or demand will lessen greatly as their price forecast is for $40/barrel.
This does contrast with Goldman Sachs' forecast of $200 a barrel though.
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Oil hasn't been at 40 a barrel in almost 4 years. Seems like wishful thinking although I hope I am wrong. |