Word: maraccini
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Dates: during 2000-2009
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Higher oil prices seem likely over the long haul. Yet they are anything but certain over the next few years. Any dramatic rise from here would almost certainly trigger a global economic slowdown that would cut demand and send energy prices--and energy stocks--sharply lower. Ed Maraccini, portfolio manager with Johnson Family Funds, says he will get interested again when oil drops below $50. At that level, he says, global demand is sustainable, and economies can grow...
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