Quote:
Originally Posted by mikeSS
are we going to have another 2008 here? lol i got a feeling it might be worse than last time. hopefully the price will drop like it did in 2008
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I would bet on $150 per barrel not happening in 2011 unless there is real problems in Saudi. 2008 had a very strong economy around the world, we do not have that now. US is in a shaky recovery at best, Europe is having problems, yes China has a strong economy but the rest of the world does not. I think anything above the current price will slow economies more, $150 will definitely not be sustainable...2012-2013 may be a different story.