CL Redux
- Thread starter schizo
- Start date
$105 oil: 'It's the perfect storm'
http://money.cnn.com/2011/03/23/markets/oil_prices/index.htm?cnn=yes
Oil traders are wondering what's next.
"It is truly the perfect storm right now," said James Cordier, president at Liberty Trading Group. "I've never seen anything like it -- the news just isn't stopping."
The benchmark U.S. contract, West Texas Intermediate, rose 78 cents, or 0.7%, to settle $105.75 a barrel for May delivery.
"The next 90 days are the huge driving season for the U.S., which creates a major demand situation," Cordier said.
Oil prices worry economists
And crude is spiraling higher quickly. U.S. oil prices have surged more than 20% since mid-February, when pro-democracy movements reached Libya, Africa's third-largest oil producer.
http://money.cnn.com/2011/03/23/markets/oil_prices/index.htm?cnn=yes
Oil traders are wondering what's next.
"It is truly the perfect storm right now," said James Cordier, president at Liberty Trading Group. "I've never seen anything like it -- the news just isn't stopping."
The benchmark U.S. contract, West Texas Intermediate, rose 78 cents, or 0.7%, to settle $105.75 a barrel for May delivery.
"The next 90 days are the huge driving season for the U.S., which creates a major demand situation," Cordier said.
Oil prices worry economists
And crude is spiraling higher quickly. U.S. oil prices have surged more than 20% since mid-February, when pro-democracy movements reached Libya, Africa's third-largest oil producer.
Events in misrata
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http://www.cnn.com/2011/WORLD/africa/03/23/libya.war/index.html
On Wednesday, troops loyal to Gadhafi terrorized residents of the besieged rebel-held city of
One witness said Gadhafi's forces had attacked the city's main hospital, where 400 people -- about half of them patients -- were located. The push began at 8 p.m. (2 p.m. ET), when "heavy tanks for Gadhafi troops start attacking the hospital -- the bombs falling here 20 meters (66 feet) around us," said one person inside the hospital. He said two deaths had occurred "around the hospital."
At one point, shelling occurred without respite for 40 minutes, he said. "Now, fortunately, no more shelling, but the situation is so serious that all the teams here -- the doctors, the patients -- are paralyzed, scared."
He called for international intervention to protect the civilians inside the institution. "Nobody can work here," he said. Ambulances were not able to leave the hospital, which had lost its electricity and was using generator power, he said.
Coalition jets are using smart bombs to target mechanized forces and mobile surface-to-air missile sites and impede supply lines for their "beans and bullets," Hueber said. The targets include Libya's premier 32nd Brigade, commanded by one of Gadhafi's sons and fully engaged in the fighting.
"It's an extremely complex and difficult environment," Hueber said about going after forces in populated areas.
Gadhafi: 'We will be victorious' Santorum: Mission confusion in Libya Obama hopes Libyan rebels will organize Inside bombed Libyan military base
"And our primary focus is to interdict those forces before they enter the city ... cut off their lines of communication and cut off their command and control," he said. "There have been no reports of civilian casualties. Our mission here is to protect the civilian populace and we choose our targets and plan our actions with that as our top priority."
Wednesday night's outbreak of violence broke a respite that began earlier in the day with the coalition attacks -- the first calm in a week, Misrata residents reported.
"We would like to express our gratitude to the international community since there were airstrikes this morning," said Mohammed, an opposition spokesman in the city who would identify himself only by his first name.
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http://www.cnn.com/2011/WORLD/africa/03/23/libya.war/index.html
On Wednesday, troops loyal to Gadhafi terrorized residents of the besieged rebel-held city of
One witness said Gadhafi's forces had attacked the city's main hospital, where 400 people -- about half of them patients -- were located. The push began at 8 p.m. (2 p.m. ET), when "heavy tanks for Gadhafi troops start attacking the hospital -- the bombs falling here 20 meters (66 feet) around us," said one person inside the hospital. He said two deaths had occurred "around the hospital."
At one point, shelling occurred without respite for 40 minutes, he said. "Now, fortunately, no more shelling, but the situation is so serious that all the teams here -- the doctors, the patients -- are paralyzed, scared."
He called for international intervention to protect the civilians inside the institution. "Nobody can work here," he said. Ambulances were not able to leave the hospital, which had lost its electricity and was using generator power, he said.
Coalition jets are using smart bombs to target mechanized forces and mobile surface-to-air missile sites and impede supply lines for their "beans and bullets," Hueber said. The targets include Libya's premier 32nd Brigade, commanded by one of Gadhafi's sons and fully engaged in the fighting.
"It's an extremely complex and difficult environment," Hueber said about going after forces in populated areas.
Gadhafi: 'We will be victorious' Santorum: Mission confusion in Libya Obama hopes Libyan rebels will organize Inside bombed Libyan military base
"And our primary focus is to interdict those forces before they enter the city ... cut off their lines of communication and cut off their command and control," he said. "There have been no reports of civilian casualties. Our mission here is to protect the civilian populace and we choose our targets and plan our actions with that as our top priority."
Wednesday night's outbreak of violence broke a respite that began earlier in the day with the coalition attacks -- the first calm in a week, Misrata residents reported.
"We would like to express our gratitude to the international community since there were airstrikes this morning," said Mohammed, an opposition spokesman in the city who would identify himself only by his first name.
Long brent if it can close above 115.40 and 115.80 within the next 4-5 hours...
OPTIONS
Analysis: "Lawrence of Arabia" rebel army in Libya? Unlikely
http://www.reuters.com/article/2011/03/23/us-libya-lawrence-idUSTRE72M51U20110323?pageNumber=2
1/ The first task of Western special forces teams in Libya would be to improve the air campaign by gathering intelligence.
There is a lot of basic information the allies still need.
"Right now it is very difficult to work out who to bomb," said Ripley. "Both sides are driving around in exactly the same vehicles and from the air it is almost impossible to work out who are the rebels and who are the army."
2/ A second step would be to have special forces act as tactical controllers, guiding strikes as they did decisively in the U.S. campaign that drove the Taliban out of Kabul in 2001.
This would be harder to conceal but could be explained publicly as part of the task of organizing the air campaign, within the U.N.-authorized remit of preventing Gaddafi's forces from threatening civilians.
3/ Direct aid, advice or leadership to the rebels would be a further escalation, possibly going beyond the bounds of the U.N. Security Council resolution, and could test the strength of diplomatic alliances and political will back home.
One way to minimize the controversy of aiding the rebels might be to persuade Arab countries to take the lead.
Analysis: "Lawrence of Arabia" rebel army in Libya? Unlikely
http://www.reuters.com/article/2011/03/23/us-libya-lawrence-idUSTRE72M51U20110323?pageNumber=2
1/ The first task of Western special forces teams in Libya would be to improve the air campaign by gathering intelligence.
There is a lot of basic information the allies still need.
"Right now it is very difficult to work out who to bomb," said Ripley. "Both sides are driving around in exactly the same vehicles and from the air it is almost impossible to work out who are the rebels and who are the army."
2/ A second step would be to have special forces act as tactical controllers, guiding strikes as they did decisively in the U.S. campaign that drove the Taliban out of Kabul in 2001.
This would be harder to conceal but could be explained publicly as part of the task of organizing the air campaign, within the U.N.-authorized remit of preventing Gaddafi's forces from threatening civilians.
3/ Direct aid, advice or leadership to the rebels would be a further escalation, possibly going beyond the bounds of the U.N. Security Council resolution, and could test the strength of diplomatic alliances and political will back home.
One way to minimize the controversy of aiding the rebels might be to persuade Arab countries to take the lead.
The DOjI bar theory I speculated for Wednesday did not work ( eod. Down bar ) , here is my escape route 
I said if no major events , but we got these major events
- And in Israel, Prime Minister Benjamin Netanyahu said he would act âaggressively and responsiblyâ after a bomb exploded in central Jerusalem, the BBC said.
- The popular revolts that have shaken the Middle East also spread to Syria, where at least 10 people were killed after Syrian police opened fire on demonstrators, according
--------
Quote from InvestVision:
DOGI bar (yesterday ) in UPTrend environment , followed by 2.5% UPBar today
- if no major events tomorrow count it as close as DownBar , then rally continues next day onwards ..
daily chart http://bit.ly/dRMNwG
I said if no major events , but we got these major events
- And in Israel, Prime Minister Benjamin Netanyahu said he would act âaggressively and responsiblyâ after a bomb exploded in central Jerusalem, the BBC said.
- The popular revolts that have shaken the Middle East also spread to Syria, where at least 10 people were killed after Syrian police opened fire on demonstrators, according
--------
Quote from InvestVision:
DOGI bar (yesterday ) in UPTrend environment , followed by 2.5% UPBar today
- if no major events tomorrow count it as close as DownBar , then rally continues next day onwards ..
daily chart http://bit.ly/dRMNwG