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Can the Economy Handle a 100 Dollar Oil Price?
I think at 90 and above, you start seeing negative feedback groups. This is why I would say near term cautious on the price of oil. OPEC's adding 400,000 barrels a day if we go above $100; they don't want to kill demand. So there are two sources of supply that can come online in a three month or so period. And if we got above 100, let's just say, we just follow this straight line higher.