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Thread: How low will the oil prices go?
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[quote=JIMMYB,320299]The oil prices is just like the roller coaster, sometimes high and sometime low. In January, it surged above 100 dollars. In the next six months, it has skyrocketed. On July 11, it reached 147 dollars per bucket. When some experts forecasted that it would be more than 150 dollars very soon, the oil prices started to drop. Just in one month, it has dropped more than 30 dollars. Really a surprise to us. Will the oil prices keep dropping or will it bounce back very soon? No agreement has been reached yet. Robert Mundell, the Nobel Prize laureate, says:" The oil prices are dropping and it will keep dropping. It might drop to 100 dollars, even 90 dollars." While some other economists don't agree with what he said. They think that the oil prices decrease was just a flash and it will bounce back very soon. What do you think, keeping dropping or bouncing back very soon?[/quote]
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