Discussion in 'Trading' started by jonbig04, May 9, 2008.
it just hit 125.43
it hit 125.95 last night.
for the same reason it just traded @ $125.60 and back to $125.42!
We need another oil thread.
emerging markets need oil
funds bidding it up
too much demand, not enough supply
I'm shorting it.
a truck carying oil crashed, spilling the oil
it has now been discovered that it is necessary to change your car's engine oil every 2,500 miles.
Everytime I hear why oil is up its because of "supply concerns" the sad thing is that I have heard that from 40-50 a barrel all the way up to 100+. Remember the words "ALTERNATIVE ENERGY", I heard those words more around 65-70 oil then I do now with 120+ oil. Seems to me alternative energy is only in fantasy land.
Theonly viable forms of alternative entergy are nuclear and coal. Wind,solar, hydro is too expensive and situational.
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