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2006 WAGs (wild ass guesses)  All front month WTI on the day.

1)  Highest touch on WTI at any point intra day
$ 77.75.  Iraq civil war stops exports and sets oil world on edge.

  1.  Year end $55.00

  2.  Year High  $14.5, year end  $9.00.  

Both Henry Hub in normal units.  Nat gas will slump in 2006 as drilling will go wild, Hedges for petchem and fertilizer guys will be gone so production will slump and therefore demand for nat gas drop.  Ditto electricity generation.  nat gas turbines aren't economic at these prices so demand will wane.

4)  $100 WTI won't occur until 2009.  

by HiD on Wed Dec 28th, 2005 at 03:53:41 AM EST

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