Short to 99.47
CL Redux
- Thread starter schizo
- Start date
http://www.bbc.co.uk/news/world-europe-13592208
A dumb decision.
Oil $300-500 in five years looking even more likely.
A dumb decision.
Oil $300-500 in five years looking even more likely.
Found this website..some interesting info
http://www.buzzle.com/articles/gas-prices-history.html
Historically gas prices have been quite low....IF oil goes to 300-500 we will see massive structural and innovative changes perhaps to the point of oil becoming irrelevant. Much as the horse and buggy became irrelevant 100 yrs ago.
Blotto,
In my very rare visits to ET these days, I always make a point of checking out what you and a couple of other quality posters have had to say in the previous weeks. Your comments are usually intelligent and it's obvious you understand the forces behind the markets. However, I'm a little surprised here. This thread is clearly dedicated to day trading crude and you mistimed an intraday call. Nothing wrong with that, happens to us all, but why not admit it? Trying to later claim that you were looking at a multiday time frame comes across as a little embarrassing and not like you at all.
No offense intended. As I say, I'm just a little surprised.
Scoob
