HenryTo
Site Admin
Joined: 06 Aug 2004
Posts: 11734
Location: Los Angeles, California
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 Posted: Wed Jun 22, 2005 5:08 pm Post subject: Exxon CEO says oil likely to fall |
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FYI, oil yet again:
Nevertheless, Raymond cautioned against believing the events of the past year had ushered in a new era for oil prices, pointing out that history has consistently shown that a surge in oil prices has been followed by a fall.
"You need to be very careful about new paradigms. After all oil is a commodity. And secondly you have to get your mind around a time scale in this industry which says things take a long time to play out. They don't play out quickly."
Original link: http://money.cnn.com/2005/06/21/news/newsmakers/exxon_ceo.reut/index.htm |
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