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Originally Posted by davidd
The oil companies are making huge profits, simply because the market has determined the value of a barrel of oil at $65. If the oil companies owned the CBOT, and the various commodities markets around the world I would accept this, and start pointing my finger at big bad oil.
I did not see anyone crying a river when oil was at $15 a barrel and there was little money being made.
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A barrel will be $100 before year's end. I thought that prediction was crazy but looking at how high it's gone already I wouldn't be surprised.