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The forward contracts on crude are projecting prices to stay above $123/barrel from now through 2011. This is much higher than the median projections from oil analysts according to Bloomberg. As shown below, the consensus prediction from analysts is for oil to remain at $100 or less from Q3 '08 through 2011. The median projection for oil in 2010 and 2011 is $92 versus the forward contract price of $123 and change. Hopefully in this case the actual money isn't right.
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