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The price of oil hit a 17 month low ($64/bbl) on Friday. What does that mean? (all that apply)



The people who sold put oil futures contracts lost their butt.

War with Iran is more likely.

The dollar is strengthening.

A recession in the US is unlikely.

Car companies that switched from SUVS to hybrids are about to lose their butt.

We have adjusted to the idea that $3.00/gal for gasoline was 'Cheap'.

The US economy still dominates the world.

Cheney/Haliburton were behind 9/11.

The world has a glut of oil, and no amount of market manipulation can last forever.

Oil production from Iraq is returning to prewar levels

T. Boone Pickens business plan just blew away in the wind.

John McCain's '$700 billion to spend on oil with people who don't like us' needs an update.

Airlines that 'locked in' jet fuel prices at $140/bbl are going to declare bankruptcy

Expect a new round of failures of private equity firms, banks, insurance companies that bet on oil going up

This generation just learned the lessons of speculative bubbles and human greed

Other:

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