Liveblogging Energize America presentation (note: all is paraphrased, please pardon typos, I can't type that fast!)
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Adam Siegel
My name is A Siegel, and I'm a carboholic...
[intros Jerome]
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Jerome a Paris:
[Several charts of oil prices over the last few years] Mentioned that it was up to $130 3 weeks ago. It's down to 130, the problem is over, bubble is popped.
It has moved from non-noticeable to noticeable, and is now heading to painful. As you can see prices have gone up, but in actual terms, it's not EXPENSIVE yet. If you're just grumbling about it, it's not high enough yet.
Markets do not know where the price is going. They were saying for a long time, that no matter what, the price is going to be at 20. ... and now the assumption is that the price is wherever it is right now. So they're staying close to the pack and not going anywhere.
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