Quote:
Originally Posted by Hatterasguy
I predict it will settle around $3-$3.50, that's a nice sustainable number, with just enough pain to discourage poor vehicle purchase decisions, ie SUV's.
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Based on that price, you are assuming that oil will stabilize at about $80-90 for the long term? I just don't see that happening over the long term. I also think that the dollar is going to continue to drop. If I did think the price of oil was going to flatten out, I would be selling my energy based mutual fund.