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Old October 26th 04, 05:13 AM
Bob Haberkost
 
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"Korbin Dallas" wrote in message
...

with Chinese demand for Oil and opec's interest in keeping it as high as
possible. You will never see oil below $30/bbl again.


I never said that oil would be $30/bbl. If you do the math (something which seems to
be foreign for those with your political bent) you'd see that I was predicting that
oil would return to a more manageable, albeit more espensive, $40/bbl.

If Kerry wins we will be back to Jimmy Carter Style Economy, Oh those were
the days, Low Inflation and Interest rates that everyone loved...


At least we were paying for the economic sins being committed then. We were paying
our bills, and giving the rest of the world a reason to hold on to dollars. And even
then, Carter's deficit was 1/10th what Bush's is now. How long do you think it'll be
before the investors in our dollar (China and Japan, mostly) will seek better returns
and a greater likelihood of retaining the value of their investment elsewhere? If
interest rates don't rise soon, that's exactly what's going to happen.
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