Right wing ramblings from Toronto, Ontario, Canada.

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Monday, June 12, 2006

Watch the market work

Hey, this guy thinks that market forces could actually bring the price of oil down - without government interference!  Give the markets time, and they do actually work.  The forces of supply and demand are powerful.

Oil prices could drop to about $40 US a barrel in the medium term as new supplies are found, and might fall even further in the long term, the chief executive of BP PLC said, according to an interview published Monday.


Posted by Tim G. at 12:38 PM
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