20 reasons why Oil to NEVER hit $135.00 again...dated: May 22, 2008

[Gyles]

Quote from increasenow:

thanks Gyles...tremendous post!

Thanks, increasenow.

With reference to the word "Never", a lot of people have pointed the logic against its use, however, I am surprised as to why none have not yet asked as to how "increasenow" could have been so confident over the price fall, and that too within the next few days?

Maybe that is why he was sure of using "Never". Maybe the figures of prices matter more than the wordings here. No offence meant to anyone, please.

Moreover, increasenow, please let us know how did you come to this conclusion?

Just to say that this has been an interesting thread to read, with a lot of valuable inputs. Thanks to you all!

 

[increasenow]

Quote from Gyles:

Thanks, increasenow.

With reference to the word "Never", a lot of people have pointed the logic against its use, however, I am surprised as to why none have not yet asked as to how "increasenow" could have been so confident over the price fall, and that too within the next few days?

Maybe that is why he was sure of using "Never". Maybe the figures of prices matter more than the wordings here. No offence meant to anyone, please.

Moreover, increasenow, please let us know how did you come to this conclusion?

Just to say that this has been an interesting thread to read, with a lot of valuable inputs. Thanks to you all!

thanks Gyles...I honestly just love studying and researching (and trading) the Crude Oil market...I enjoy seeking to understand the correlation between OIl, Euro, Dollar and equity prices and various world situations that effect Oil prices...based on everything I have read and researched and my 'gut' feelings/thoughts on it...I felt to put together 20 reasons why...you know...GO OUT ON A LIMB
I know many are more informed and more knowledgable but these are my best thoughts at this time...and of course, everyone should always do their own research before trading and never just take somones opinion...I do want to keep adding to this thread various Crude Oil trading etc. related information...please keep the great information flowing on this thread...thanks again and best trading to you!!

To Gyles...do you trade CL?

 

[increasenow]

http://news.yahoo.com/s/afp/2008053...80531162328;_ylt=Ang4WJEKzXQ4mLkhNoYYcBiAsnsA

great read above...

 

[increasenow]

Tropical Storm Arthur...cause CL to go higher when open Sunday night June 1st?...read here...could cause a pop...

http://www.cnn.com/2008/WORLD/americas/05/31/ts.arthur/index.html

 

[ess1096]

Quote from increasenow:

Tropical Storm Arthur...cause CL to go higher when open Sunday night June 1st?...read here...could cause a pop...

http://www.cnn.com/2008/WORLD/americas/05/31/ts.arthur/index.html

Doubt it. Gulf hurricanes might push the refiners SUN,COP,XOM etc.... but not CL.

 

[increasenow]

Quote from ess1096:

Doubt it. Gulf hurricanes might push the refiners SUN,COP,XOM etc.... but not CL.

cool..lets watch it tonight..best to you

 

[ehorn]

Quote from increasenow:

I honestly just love studying and researching (and trading) the Crude Oil market...

Well perhaps you may want to review the following topics of study (Global Supply & Demand):

Global conventional production peaked @ 74.3 MMBD in May 2005

Current figures (Total conventional and non-conventional):
Demand 87 MMBD
Supply 85 MMBD

Cantarell is shot
Russia annouced it peaked in Q4-07
Global GDP growing at 4%, while total supply is growing at 1%

 

[Sniemiec]

I get this guy's videos in my inbox every week or so. Always pretty doom and gloom but worth watching...

http://gannglobal.com/v/cl09/

 

[sporky]

when car companies start offering incentives that include locked gasoline prices for 2 years you have to wonder.

 

[RiceRocket]

Read about the air car developed in France due out sometime at the end of this year or next and you will realize why OPEC has been raising prices so high this year. They are just about to be put out of business.