Published on Iranian.com (//legacy.iranian.com/main)
Could oil plunge ?
MSN Money / Jon Markman
15-Aug-2008

"Four or five years from now OPEC producers are going to be drinking their own oil and choking on it...People who don't trade the futures markets don't realize that this is typical for commodities, which always trade on emotion. Look at silver in the late 1970s, which went from $4 to $50 and back to $4 in two years" says Tony Kolton, the founder and president of Logical Information Machines, a provider of research to most of the world's major energy-trading companies for two decades.

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Source URL (retrieved on 12/08/2012 - 02:31): //legacy.iranian.com/main/news/2008/08/15/could-oil-plunge

 
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