this would be a good time for Bush-II to show his leadership.... since it seems anyone complaining about the economic impact and destruction of life as most Americans know it, due to the unfettered rise in the price of oil, and how it is causing people on the ground to rethink everything about their ways of life, whether being a soccer mom and taking a trip to the grocery all the way to whether or not the police / fire trucks will roll on emergencies.... since anyone complaining of pointing out the negetive deliterious effects is being smeared with some socialist, communist name calling by those in support of these conditions, then, a simple solution would be for Geo Bush II to show his commanding, authoritative leadership and get out in front of this "thing" hey, after all, isn't he an Oil Man? hey, after all, isn't this what these last 8 years were all about anyway? hey, after all, with stocks going up, oil going up, with stocks going down, oil going up, hey, after all, isn't this what the Texas Delegation has wanted all along?
This is gonna be my new forum signature. Thanks "$125.00 is now CL SUPER RESISTANCE..." - increasenow, June 5th 2008
USO has sticky K-1 tax issues because it is a limited partnership. DUG does not correlate exactly with the price of oil. what other non-futures contract instruments are there to short oil?
You might check W's record in the oil business before you call him an "oil man". The only thing his oil company Arbusto was successful at was drilling dry holes. Ironically (or not), he made most of his money because they got voters to agree to a taxpayer funded stadium for the Texas Rangers. His biggest talent his getting one over on voters.
I think Increasenow has put himself on double secret probation from posting on ET. He is nowhere to be found
Guys, take a break increasenow isn't a loser for a wrong call/prediction ! However, he IS a loser for: - Saying 'never' - Submerging after his 'call' goes nuts - Not being a man