higher than consumers' final affordability. Futhremore, some other nations consume 3-5 times more than china does. In worst case scenerio, they suffer more first and if we believe they do have THAT kind of power, they will bring the price down. On the other hand, high oil price is a good thing in long run. It will finally stimulate other sources of energy, make tools more oil-efficient. it is good for environment which will cause less horrible diseases, cancers etc. By in large, the whole world probably needs to cool down anyway after a long time runup. Once we find other source of energy and/or we demand less oil, oil is cheap, no one will care about iraq, iran whatsoever and the world will be much better without high attention to that troubled area. I hope the oil can stay in 200 range for 5 years.
no worry at all. Commodity price can never go
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good analysis. syncronize boom will have sycronized gloom.
-山高月小-
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06/12/2008 postreply
09:31:09
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I agree
-Wisdom101-
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06/12/2008 postreply
09:51:35
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With interest on the rise, oil price has to retrieve from curren
-jy101-
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06/12/2008 postreply
10:41:40