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Originally Posted by OrangeCrush
The bit about 9-10 dollars a gallon is supposed speculation by the "experts".
Even if they are wrong, one thing is for sure... gas WILL go up. It may not hit 9-10 but I assure you the 2-3 per gallon days will be gone before long.
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No, oil and gas WILL fall. The smart "experts" think so. E.g.,
http://finance.yahoo.com/expert/article/yourlife/98378
It's already HAPPENING.
Oil has fallen from $148 to $110 in some markets in a few weeks. The bubble is bursting. A lot of "experts" convinced a lot of people (not me) in 1999-2000 that the Nasdaq would just keep going up. Didn't happen. Won't with oil either. I know there is increased demand, etc. But 12 years ago, oil was 1/12th of the $148 high. There is not that much demand now. For example, in the same period, China's demand has grown about 70%--not 1,200%.