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Thursday, August 1, 2013

Roubini Thinks The Price Of Oil Might Possibly, Maybe, Could, Go Down ... Of Course, It Could Also Go Up, I Suppose

The video was hardly worth watching. These are the three factors why Roubin thinks the price of oil might go down:
  • China demand won't keep up with supply.
  • US supply: sharp tick up in US production in unconventional oil comes on line; despite small oil shocks in the Mideast, OPEC able to keep up.
  • The Fed: will slowly normalize; tapering to begin end of year/early next year.
Not only was there nothing new there, I think she's wrong on two out of three, and possibly all three.

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