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Old 05-29-2008, 08:19 PM  
broke
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Join Date: Aug 2003
Location: Someplace Windy
Posts: 4,501
The current price of crude has NOTHING to do with "peak oil" - it's simply speculative.

When the PPB falls 15-20%, you are going to see a sell off like you've never seen , which will glut the world market with crude and drop the PPB down into $20 - $40 range.
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