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The Near Future for Oil Prices

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Avatar Of Island Bucs
Posts: 589
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(@island-bucs)
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Joined: 55 years ago

Right now oil demand is below normal.

Sometime between the Super Bowl and the end of May,

demand will return closer to normal.

At the same time there will be problems with Libya and the Ukraine.

During that 2.5 month period there will be a sudden spike in the price of oil.

The US average price of gas will jump to $4.00.

If the US was still oil independent, problems in Libya and Ukraine
wouldn't affect the United States.

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