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Fredledingue:
I have the same general feeling as you. In fact, I am quite confident that oil will fall towards $ 50 once it is all over. Perhaps in the 2009-2010 period. I had seen it in the petrochemical market where some producers make outsized gains in a year, followed with outsized loss in the following year. Supply and demand? Perhaps, but capital allocation plays an important role too nowadays. But looking at oil market now, of course everyone will say how nuts I am.
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