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hearsay is there are long lines for diesel since the teapot refiners cant make any money..

13k net long is nothing the market is essentially balanced

the spoos really needed to hold 1332 and that gave way. lotsa air under the thing now

200k is what sticks to the insides of tankers

I dont know what holds anything up other than money printing and the Fed. buying junk debt 2009 should be really hideous unless there's a big break in oil/gas prices

you'd think the market prices in bad news but on Friday, GM/Ford/Chrysler were put on credit watch negative and the market acted like this was big news and tanked 100 more points. somewhere was posted that the banks have to report level 3 debt (the stuff that has no bid) with their 2Q 10Ks...

the problem is not supply, it's refining the worst thing for the democrats is for oil to drop to $70 a barrel which would really hurt Obama Hussein's chances

the E in the P/E is way too high.. E warning season is only a few weeks away

China will soak up all of it.

no prollem, we'll just print the money

old old news and FX is just a mouse click

Mexico needs to build a fence on its side to keep out boomers looking for cheap gas and meds

there's plenty of crude around and Saudi sour heavy is not what refiners want, the sweet light stuff from west Africa is where prices are set.. something the media cant seem to understand

http://biz.yahoo.com/rb/080621/nigeria_chevron_attack.html?.v=1

the recession should be an adult sized one

here's how you get positive GDP, you understate inflation we have been in recession since 2001

forgot the chart

financed with debt

FedEx and UPS pass the costs onto the consumer and why hedge at these prices? the airlines didn't hedge because they knew they'd be out of business by 2010

Sunday is not an OPEC meeting, it's a PR meeting.. what's the US going to do? bitch and whine? unless Sunday was picked since June futures expired today and Benito Bernanke is ready to carpet bomb the FX and oil markets with sell orders.. dump 50 tons of gold on the market. some bs...