JeffLAS
Topic Author
Posts: 126
Joined: Wed Nov 17, 2004 9:13 am

Oil Hovering Around $49 A Barrel

Wed Jan 26, 2005 2:24 pm

This sustained price is going to kill the industry and cause a recession. Some areas of the country are already in a recession in my opinion. Angry
" Jazz A-380, you have 2,100 feet from the intersection......Cleared for Take-off"
 
Boeing7E7
Posts: 5512
Joined: Sat Jul 31, 2004 9:35 pm

RE: Oil Hovering Around $49 A Barrel

Wed Jan 26, 2005 2:38 pm

Give it a year. Relax, and stop listening to late night radio.  Smile/happy/getting dizzy
 
BlatantEcho
Posts: 1820
Joined: Wed Sep 27, 2000 10:11 am

RE: Oil Hovering Around $49 A Barrel

Wed Jan 26, 2005 2:56 pm

OPEC has $50-$55 / barrel as the upper extreme that they are comfortable with. They will increase production to keep it in that region. Blood and oil will continue to flow, fear not.
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