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: 1818
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.
They're not handing trophies out today