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Interesting Saul. I read a few months ago that another major player was predicting a burst.
It depends, I suppose, on demand lessening significantly (which I doubt will happen) and then the speculation stopping or slowing significantly.
I'd bet that we'll see $75 by Labor Day, and then a drop to around $55-60 thereafter. The next few weeks to a month are going to suck, however.
Then again, crude has doubled in less than a year. A lot of that IS pure speculation. Let's hope so.
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I think the young people enjoy it when I "get down," verbally, don't you?
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