http://www.bloggingstocks.com/2008/...y-fall-below-25-next-year-amid-global-recess/ So much for alts....for a while anyway....
Obama might fund a lot of alt stuff to make his presidency a good thing. Arguably we have proven technology to replace 90% of our oil usage economically.... after a huge infrastructure payout.
how quick opinions change, just 6 months ago $200-$300 oil was coming now $20 bucks. I say forget about $20 just bring it down to the single digits and gas at the pump will be $1.00a gallon. You will be lucky to see $150 a barrel again, not for at least a decade. By then technology will be so advanced that oil bulls will lucky to even see $100.
This must be a buy signal of some kind. On second thought, maybe I should wait until it hits the cover of Time or The Economist first.
That's exactly what I thought when I read it. It would be intersting to go back and look at Merrill's prediction 6 months ago. I remember when GS forecasted $200 oil, when it was trading around $130-140. That pretty much marked the top. I wonder if these guys don't purposefuly lie in order to gain the upper hand on their positions.
OF COURSE THEY LIE! Dweeb! Just playin But for real, these big playas are looking out for their own bottom line... Gotta get some suckers to buy oil at 150 in order to LIQUIDATE/SELL a huge position. I don't ever believe these "forcasts." Trade in and out. I never play the prediction game anymore.