not picking on you staffpro,but to everyone who thinks we cant get fudged again by opec,that move up to 145 and back to 40 made no sense and only a handful of people know what happened(not me)now that we've seen it ,who says we cant see it again,they brought us (U.S.) to our knees ,who says they wont come back to finish us off or at least try
Please see following and comment: http://www.marketwatch.com/news/story/oil-rises-first-day-four/story.aspx?guid={ED2F5511-621A-4C5F-BE80-988AACADA5E5} http://www.bloomberg.com/apps/news?pid=20601087&sid=aDb1o_NvH5xI&refer=home http://www.wtrg.com/ http://www.bloomberg.com/news/markets/energy.html http://www.metalprices.com/FreeSite/metals/cl/cl.asp http://energy.einnews.com/news/crude-oil-eu http://www.bloomberg.com/energy/ http://www.bloomberg.com/apps/news?pid=20601087&sid=aDb1o_NvH5xI&refer=home http://online.wsj.com/article/SB123025739974434747.html?mod=googlenews_wsj http://news.yahoo.com/topics/oil-and-gas http://www.livecharts.co.uk/MarketCharts/crude.php http://www.channelnewsasia.com/stories/afp_world_business/view/398702/1/.html http://news.google.co.in/news/url?s...449740&usg=AFQjCNEbjUh6YmhzlQvbN_Qaf7Gi6uOMcw http://www.peakoil.com/ http://www.nbr.co.nz/article/wall-street-stocks-end-higher-light-christmas-week-trading-39365 Quotes from above sites:
If demand were at a bare minimum what would the price of oil be? I know this is kinda vague but what would be the lowest price oil can be before it doesn't cover the cost of producing it?
I think the situation with oil has to change, sooner or later, nations, if want to grow will need to continue to use it massively as it is still THE energy source. Once there is not that much panic demand will increase.
=============== 2008 points worth repeatng-Increase now; almost everything energy[even ethanol lol] down again today, except USO,XLE,COP.................... a]However its now about seven [7] months later; crude bear trended down about 77%/+............................. [#9] Is now debatable, you may be right? [#10] Right for that older time priod; peradventure this is not true @ all now/2009................................ ========================================== [#16]''Prophetic'' perhaps as a manner of speaking, back months-they changed; i used your math[,#9,#10, #16, most everything energy derivatives, these are your numbers/list] Nice call in 2008, nice complete list, Increase Now/nickname; & to put it simple, trends change,[Increase now/nickname] not a prediction. sincerely, murray T turtle
thanks MTuttle..at the end of the day...I WISH I WOULD HAVE SHORTED OIL FUTURES AT $140.00!!!!!!!!!!!!!!!!!!!!
As of today, as per today date, this thread discussion is barely a month short of a year (22 May 2009), what is the position as of now? Any opinions, please?
The way it's trading now, snoozeville. Bearish supply/demand but not enough people to get short. The price of production is about $38 and seems to be a floor. The markets ability to stay afloat no matter what the news keeps me from playng the short side for more than 1-2 days. But 19 year supply highs keep from wanting to stay long above $50-$55. Slight contango, and no real move in the spreads. Snake in a tube. My worthless 2 cents.