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Are you ready for $125 crude oil and $7 per gallon gasoline?
Fred Day
Jun. 21, 2007
The crude oil demand is rising exponentially. The demand in China and India alone is rising so fats that oil producers are receiving forward contracts far more than they can handle. As a result the crude oil market is poised for a massive rise in the next few months.
The gasoline price can rise to $7 a gallon and the crude oil itself can rise to $125 a barrel.
Saudi Arabia and other OPEC nations are unable to satisfy the needs of United States, Europe, Japan, India, and China. The Canadian outputs can actually falter. Nigeria is uncertain. Russians are pumping as fast as they can but they just cannot supply the whole world.
Technical chart patterns show bullish underpinnings for crude oil. The rise can be sharp and fast.
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