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SVTPerformance's Chain of Restaurants
Road Side Pub
Supply and Demand Economics? HA!
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<blockquote data-quote="Fast Freddy" data-source="post: 8251277" data-attributes="member: 18136"><p>oil is not the reason we are in a recession. the sub-prime melt down is the match that lit the wildfire that led to other sectors melting down. </p><p></p><p>supply and demand is the #1 factor in the price of oil. when oil was as at $100 barrel this time a year ago it was because of supply and demand. when it ran up to $147 a barrel that was speculation. i just bought $25,000 worth of oil stock when it was $40 a barrel 2 months ago and i just bought another $40,000 worth of oil today at $57 a barrel.</p><p></p><p>when oil goes back to $100 a barrel next year or whenever i will have doubled my $$$. when oil goes to $147 a barrel again due to speculation i will have tripled my $$$.</p></blockquote><p></p>
[QUOTE="Fast Freddy, post: 8251277, member: 18136"] oil is not the reason we are in a recession. the sub-prime melt down is the match that lit the wildfire that led to other sectors melting down. supply and demand is the #1 factor in the price of oil. when oil was as at $100 barrel this time a year ago it was because of supply and demand. when it ran up to $147 a barrel that was speculation. i just bought $25,000 worth of oil stock when it was $40 a barrel 2 months ago and i just bought another $40,000 worth of oil today at $57 a barrel. when oil goes back to $100 a barrel next year or whenever i will have doubled my $$$. when oil goes to $147 a barrel again due to speculation i will have tripled my $$$. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Supply and Demand Economics? HA!
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