Re: [Marxism] More questions on Oil and Bouzhie Publications

[Jon Flanders <jonflanders@xxxxxxxxx>]

On Thu, 2005-11-10 at 21:29 -0600, Prem K Govindaswamy wrote:
> Can anyone this part, as the "futures market" says oil will stay
> "expensive", while the price per barrell seems to be falling?

Up until fairly recently, it was an article of faith by mainstream
economists that the market would pull oil prices down to the $30 a
barrel range.

$57 dollars may be down from $70, but it is still a long way from the
good old days. Now the oil marketeers seem to have reconciled themselves
to the $50  mark.

Jon Flanders


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