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Re: Oil 48.90 as I type

By: joe-taylor in FFFT3 | Recommend this post (0)
Wed, 07 Jan 15 1:02 AM | 87 view(s)
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Msg. 07209 of 65535
(This msg. is a reply to 07193 by oldCADuser)

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Crude oil is a world wide commodity. When sources such as China find other sources for their oil, it lessens demand thus cheapening prices. Right now China's economy is softening thus decreasing their need for crude.


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The above is a reply to the following message:
Re: Oil 48.90 as I type
By: oldCADuser
in FFFT3
Tue, 06 Jan 15 9:45 PM
Msg. 07193 of 65535

And how much of that production is going to actually make it into the gas tanks of Americans? Or is it destined for China and Europe? If it does end-up being transshipped out of Texas headed for foreign ports, HOW will that help our domestic markets?


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