Hurrricane Bill - short oil on spike?

[xty]

Quote from EMRGLOBAL:

First of all, there has been Zero run up in any Energy Futures due to any storm at present.

Oil has infact diped, pulled back and its a great buying opportunity. Oil is following the News on Markets and Economy right now.

Second....Oil for a long term play, even at these levels has a great reward. I have to watch what I say on this site, as I not only trade oil but fund industry oil deals with a Private Equity Firm. Thus, all I can say is that our clients are pooring money into energy.

Third, China is not only sniffing around and buying oil production and companies in Africa, they are now going into Brazil, Iraq and a few other oil producing countries to by current production and to fund drilling.

China is setting the stage and showing a huge Ace. They know they can't dump the dollar, the know that OBAMANATION is gona bring inflation, taking the dollar lower and they know oil is one way to hedge for the future.

So, Go ahead, short oil on the short term. We need the shorts in. Second, might want to learn a little more on trading and investing in Energy.....could make you very wealthy this decade.

Nice to see someone who has skin in the game..........

Your comment regarding china buying everything (ACE), Its very true if they are hedging their dollar holdings however the truth is that you can use oil as an inflation hedge for so long. (as long as US consumers remain number one in the world)..... US demand is vital (Crude is not like gold that u can just store in a box...........there is very limited storage in the world and other cost involved).

Secondly i have being involved in a few deals involving the chinese compainies, one thing i noticed is that there is bit of gambling and hope in their deals (That money has to spent at all cost kind of thinking)..........those guys only see things one way (No disrespect to the chinese).


Another thing i have noticed is how u guys in the finacial industry has become the mouth piece for the whole energy industry. If history could be used to extrapolate the future, its only a matter of time b/4 everything goes belly up (tech bubble, housing bubble).

If u think we've seen oil bubble wait on till this one burst (the 2006 -2008 run was actually backed by some physical demand)

To sustain this present price , the economy has to come back big in the short and long run, and with all due respects to the americans they must really have short memories.............Only then will u make money on oil this decade.

Once again thanks for the way u presented ur perspective on oil.

 

[EPrado]

Quote from Landis82:

You mean that BS-artist from the old Schonfeld office in Chicago???

The guy that would brag that he was already +$100,000 on the day by lunch time trading JDSU, QCOM, and YHOO but was in reality +$800?

Bingo..........