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Re: Ford Planning Massive White-Collar Layoffs
Quote:
Originally Posted by BigThreeForever
Sweet words of wisdom.
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Sweeter still.
http://www.marketwatch.com/news/story/gas-could-fall-2-if/story.aspx?guid={2673C102-68E0-41D9-9C9A-10EE2E723948**&dist=TNMostRead
Quote:
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Gas could fall to $2 if Congress acts, analysts say
Limiting speculation would push prices to fundamental level, lawmakers told
By Rex Nutting & Michael Kitchen, MarketWatch
Last update: 4:24 p.m. EDT June 23, 2008
WASHINGTON (MarketWatch) -- The price of retail gasoline could fall by half, to around $2 a gallon, within 30 days of passage of a law to limit
speculation in energy-futures markets, four energy analysts told Congress on Monday.
Testifying to the House Energy and Commerce Committee, Michael Masters of Masters Capital Management said that the price of oil would quickly
drop closer to its marginal cost of around $65 to $75 a barrel, about half the current $135.
Fadel Gheit of Oppenheimer & Co.,
Edward Krapels of Energy Security Analysis and
Roger Diwan of PFC Energy Consultants agreed with Masters' assessment at a hearing on proposed legislation to limit speculation in futures markets.
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__________________
" 123"
" 1-2-3, oh, that's how elementary it's gonna be -"
"There's class warfare, all right, but it's my class, the rich class, that's making war, and we're winning." --Warren Buffet, June 2008
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