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June 23, 2008
Pump Prices About to Fall?
Monday - 23 Jun: A hedge fund manager and a top adviser to oil companies said Monday they believe oil prices could quickly fall by half if new regulatory changes limiting the role of speculators were adopted.
Michael Masters, of the Masters Capital Management fun, said that - with greater regulation - oil prices could drop to $65 or $70 within about 30 days.
"That's half of where prices are today, and gas prices would reflect that," he said.
Posted by Post Scripts at June 23, 2008 12:39 PM