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17 comments on The 2009 EIA Energy Conference: Day 2
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17 comments on The 2009 EIA Energy Conference: Day 2
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Robert -
He said that we are setting up a slingshot for prices right now, but "2010 could be a bloodbath."
I'm not sure of the point he was trying to make. Is he saying we're pushing up prices now but there will be a big collapse come 2010? Or is the bloodbath even higher prices come 2010?
You mentioned your Petrobras stake the other day... I was on the verge of buying a few oil stocks but seem to have missed the low low prices. I still think it's a good idea, I'm just waiting for a dip. But we should, according to the guy above, be ready for a bloodbath?
Thanks
I almost wrote that I was also a bit confused by the bloodbath comment. But what I think he was saying is that we may not have hit the bottom yet (although it appears that we are well off the bottom at this point).