Crude oil $25 or less

frank grimes · Dec 17, 2008

stock, you keep on saying the recession and credit crisis are fake, now you say oil will shoot higher on any sort of news of a recovery? This is why you are not taken seriously, you are just a cramer (although much much dumber), you are such a tool

stock_trad3r · Dec 17, 2008

Quote from frank grimes:

stock, you keep on saying the recession and credit crisis are fake, now you say oil will shoot higher on any sort of news of a recovery? This is why you are not taken seriously, you are just a cramer (although much much dumber), you are such a tool

Oil is very oversold. The daily limit is $10, which could be hit in one day IF a large bailout is passed and or better than expected econ data.

PaulRon · Dec 17, 2008

Quote from Ivanovich:

Is that the same Goldman that said $200 per barrel this year?

exactly

talknet · Dec 17, 2008

Quote from stock_trad3r:

Oil can easily surge $10 in a day or two if there is just the slightest hint of econ recovery.

Oil should have definately surged $10 yesterday when OPEC announced their biggest-ever cut of 2.2 million barrels per day. But Oil did not surge, it started falling, Why?

I think there is some "major hidden problem" within the world economy.

Something "BIG CRASH" is going to happen.

Now is Now · Dec 17, 2008

Quote from talknet:

Oil should have definately surged $10 yesterday when OPEC announced their biggest-ever cut of 2.2 million barrels per day. But Oil did not surge, it started falling, Why?

I think there is some "major hidden problem" within the world economy.

Something "BIG CRASH" is going to happen.

Get it in your head...you are dealing with Arabs...dumb and NEVER to be trusted.

BTW they survived very well when it was in the low teens...

Dubai and Abbi Dabi will do fine as the government controls the external purse strings so they will focus on financing their over bl own infrastructure....

I would like to be a fly on on the wall in Chavez's office when it gets down to $20 plus

riskfreetrading · Dec 17, 2008

Quote from forextrades:

fuck the Saudi and Kuwaiti people. They can go back to wandering endlessly throughout the desert on their fucking camels. The only downside, you might see a surge of immigrants from middle Eastern countries to the US and Europe.

You are a fucking racist. Fuck you bastard.

NY0BScalper · Dec 17, 2008

For the record I'm scaling into oil at these levels. Putting about 20% of my networth into oil here, now. I can see oil going lower but at some point I'd like to think there will be a short covering rally. I am willing to double down twice, but way lower... and I may add very small along the way.

luganohubert · Dec 17, 2008

Quote from PaulRon:

exactly

Jaja, noo, he is changing his mind after ruined the forecast:
âThe financial services firm Merrill Lynch says oil could dip as low as $25 a barrel next year as the global recession takes hold. Goldman Sachs, which has revised its 2009 projections three times, has a slightly more bullish outlook, forecasting that crude prices will average $45.â
http://www.rferl.org/content/The_Perils_And_Pitfalls_Of_Oil_Price_Forecasting/1360914.html
The price of oil remains uncertain, but one would expect more falling, uyyy

zdreg · Dec 17, 2008

Quote from ksonsinc:

I
How do i short Arab Countries is there an ETF for that

(AFK, GAF, GULF, MES, PMNA

Khaled187 · Dec 17, 2008

Quote from forextrades:

If GM and Chrysler go BK, people are going to stop buying gas?

I don't follow. There are other car companies out there.

Anyway, fuck the Saudi and Kuwaiti people. They can go back to wandering endlessly throughout the desert on their fucking camels. The only downside, you might see a surge of immigrants from middle Eastern countries to the US and Europe.

http://www.stratfor.com/weekly/20081215_falling_fortunes_rising_hopes_and_price_oil

after u read this article, you will know that you are a fool. Saudi Arabia and Kuwait are relatively safe.