Forbes $30-$35 Oil Price Prediction

L

libertad

http://au.biz.yahoo.com/050718/30/64f4.html

Forbes is correct ...oil will be lower...

If there ever was a time to SS oil...it was during Katrina...

China and India make up a much smaller part of the last years oil price increase...than has the hedge fund industry in its participation utilizing heavily leveraged instruments...

Just as ¨heavy leverage¨moved the price up...¨heavy leverage will quickly move it down...

Oil will see 40 before 75.......

Barring nuclear episodes between Israel and Iran...which has low odds...is a lose lose...
 
Quote from libertad:

http://au.biz.yahoo.com/050718/30/64f4.html

Forbes is correct ...oil will be lower...

If there ever was a time to SS oil...it was during Katrina...

China and India make up a much smaller part of the last years oil price increase...than has the hedge fund industry in its participation utilizing heavily leveraged instruments...

Just as ¨heavy leverage¨moved the price up...¨heavy leverage will quickly move it down...

Oil will see 40 before 75.......

Barring nuclear episodes between Israel and Iran...which has low odds...is a lose lose...
More...

Care to wager on that, fugitive?
 
Quote from libertad:

http://au.biz.yahoo.com/050718/30/64f4.html

Forbes is correct ...oil will be lower...

If there ever was a time to SS oil...it was during Katrina...

China and India make up a much smaller part of the last years oil price increase...than has the hedge fund industry in its participation utilizing heavily leveraged instruments...

Just as ¨heavy leverage¨moved the price up...¨heavy leverage will quickly move it down...

Oil will see 40 before 75.......

Barring nuclear episodes between Israel and Iran...which has low odds...is a lose lose...
More...

I'll take that bet. How much you wanna wager?:D
 
Hi folks,

The economic slowdown of China is a fantasy. The last World Economic Outlook report of the International Monetary Fund says that China GDP growth for 2005 won't decrease too much from the 9'5% of 2004, and that inflation is well contained.

This fact urge us to change our economic forecasts concerning oil, debt, markets...

China will continue to consume as much oil as they are doing right now + Golf of Mexico problems + we are getting close to winter = oil price close to $75 than $45.

Regards!
 
IMO it'll be difficult/impossible to keep back month oil up at these levels. I've NEVER seen a bull move in commodities of this magnitude not met with unheard of supply.

Oil in the teens kept the producers away. In the $60's people wil
start digging in their back yards.
 
Quote from Pabst:

IMO it'll be difficult/impossible to keep back month oil up at these levels. I've NEVER seen a bull move in commodities of this magnitude not met with unheard of supply.

Oil in the teens kept the producers away. In the $60's people wil
start digging in their back yards.
More...

Exactly.

Coincidentally, just the other day i was shooting at some food, and up from the ground came a bubblin' crude.
 
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