Time to get Long Oil

Discussion in 'Stocks' started by Nickvac, Aug 26, 2008.

  1. Nickvac


    This may be all conspiracy theory but i truly believe the dip oils taken over the last month is a ploy to make our economy look better than it is for the election. Critics will site demand destruction but demand destruction was evident even when oil climbed into the 140's. The Highway Transportation agency had already hinted at that when they released average miles driven for July as being the first time since the 70s that there had been a decrease. With all this in mind I expect to see oil rise sharply after the election and I think getting long oil and short the airlines are the best play going into the fall.
  2. I completly agree. Oil to $150 and beyond by the end of the first week of September.
  3. Once the Paralympics are over with in Beijing, we should see more DEMAND coming out of the 5 provinces of China that have seen their industrial output shutdown.
  4. When does it end?
  5. Not till Sept. 17th.
    There is also a two-week National Holiday that starts Oct. 1st.
  6. agreed- oil to make at least a double top in my opinion. this is a great technical buying dip area, we could move rapidly higher from here. risk reward is great from here

    even if its going to crash its not going to do it without another big leg up first.
  7. When a product to run vehicles is preferred, by consumers, to oil.
  8. Jodi


    Or, a huge new supply magically appears. That's why we aren't building new refineries, 'cause there's not much new to refine.
    How do you think China is going to feel about us blockading Iran. Russia is already pretty pissed. This whole deal is starting to make me nervous.

  9. kxvid


    The oil supply will be extremely tight until 2010. 2011 will be the year when production actually decreases, causing a possible SHTF scenario. Probably not in the US, but in some other countries as the price of oil shoots over $200 a barrel. Either way, high inflation and resource wars look like a certainly for the next century. After that people will just go back to riding horses and milking cows if the is no nuclear war.
  10. RhinoGG

    RhinoGG Guest

    this needs to be moved to the tin hat forum.
    #10     Aug 28, 2008