One of the charts I've been looking at tonight is here.. http://econfix.wordpress.com/2010/09/15/50-years-of-opec/ granted.. in the cycles upon cycles that is the market today.. Not to mention the drought cycles etc... (and yes we are overdue...) Still does this chart give you pause? It would appear that Opec can only keep the Crude markets up for about...???? 7 years.. Look at 87 vs 80... now where does that put us after 08? A stat I came across yesterday was talking about Iraq coming online over the next decade to the tune of 10 to 12 mln bbls per day...  Who knows what will really happen...?? just remember if your standing on the Crude Oil Market.. might as well be standing on quick sand... it's history is not firm. It's a dynamic world. --- and yes.. If I go to couseling.. I'm still taking Rascal Flatts. ;-)
Edited by JonSCKs 9/16/2010 02:46
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The Irrational Bubble market of 2010.
