Oil at $5 - $10 a barrel ?
- Thread starter Humpy
- Start date
acepowerdrive
Guest
that is saying we are currently overpaying oil by 1000%...
it cost the saudis $10/barrel so they are making juicy profits more profits than any oil trader or trader here.
it cost the saudis $10/barrel so they are making juicy profits more profits than any oil trader or trader here.
Quite a lot of stuff on Google e.g.
Socionomics
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This article has no lead section. To comply with Wikipedia's lead section guidelines, one should be written. See the lead section guide to make sure the introduction summarizes the article.
In 1979, Robert Prechter postulated that social mood drives financial, macroeconomic and political behavior, in contrast to the conventional notion that such events drive social mood.[1] His description of social mood as the driver of cultural trends reached a national audience in a 1985 cover article in Barron's.[2] Prechter coined the term "socionomics" and in 1999 published an exposition of socionomic theory, The Wave Principle of Human Social Behavior.[3]
Since then, the counter-intuitive premise of the socionomic hypothesisâthat in contexts of uncertainty, endogenous processes (not exogenous causes) create patterns of social behaviorâhas gained attention in academic journals,[4][5][6] books,[7][8] the popular press,[9][10] at academic conferences[11] and in research funded by the National Science Foundation.[12]
But no opimion on his opinions
If he is anywhere near right the A rabs will be jumping outa their jellabis
Socionomics
From Wikipedia, the free encyclopedia
Jump to: navigation, search
This article has no lead section. To comply with Wikipedia's lead section guidelines, one should be written. See the lead section guide to make sure the introduction summarizes the article.
In 1979, Robert Prechter postulated that social mood drives financial, macroeconomic and political behavior, in contrast to the conventional notion that such events drive social mood.[1] His description of social mood as the driver of cultural trends reached a national audience in a 1985 cover article in Barron's.[2] Prechter coined the term "socionomics" and in 1999 published an exposition of socionomic theory, The Wave Principle of Human Social Behavior.[3]
Since then, the counter-intuitive premise of the socionomic hypothesisâthat in contexts of uncertainty, endogenous processes (not exogenous causes) create patterns of social behaviorâhas gained attention in academic journals,[4][5][6] books,[7][8] the popular press,[9][10] at academic conferences[11] and in research funded by the National Science Foundation.[12]
But no opimion on his opinions
If he is anywhere near right the A rabs will be jumping outa their jellabis
Prechter co-wrote with A J Frost and first published in 1979 the
'Elliott Wave Principle: Key to Market Behavior '
[ http://en.wikipedia.org/wiki/Elliott_wave_principle ]
in the text 1987 was noted as the year there'd be a major bottom or top
in 1987 Prechter forecast the '87 crash, tho he wasn't the only one to do so
his call resulted in fame, fortune and interviews
Prechter's been notoriously incorrect in many of his EW calls - haven't we all
(i know of some of them since the early 80s) and has for years expected the
'end of the world as we know it' which the current predicament has come
close to fulfilling
his calls have been tracked for some time here: http://yelnick.typepad.com/
(see the archives) along with Neely 'master of the EW' who to date has called
for the decline of the DJ/SP500 five times, does he do crude ?
as to the $5 - $10 crude, my last call was a top at $76 and i think crude
will drop to $34 possibly $21 - fibo (EW) numbers - will update next month
here's my Jan/09 post: 'crude oil to $21 . . . how about $13 ?'
http://www.elitetrader.com/vb/showthread.php?s=&threadid=152055
i'll say that to date, crude's either putting in an inverted H&S (EW AB) or
A and B of an ABC, or even completed an ABC correction that will see a
new high, maybe even hit fibo # $89
attached is an Advanced GET EW labeled chart
'Elliott Wave Principle: Key to Market Behavior '
[ http://en.wikipedia.org/wiki/Elliott_wave_principle ]
in the text 1987 was noted as the year there'd be a major bottom or top
in 1987 Prechter forecast the '87 crash, tho he wasn't the only one to do so
his call resulted in fame, fortune and interviews
Prechter's been notoriously incorrect in many of his EW calls - haven't we all
(i know of some of them since the early 80s) and has for years expected the
'end of the world as we know it' which the current predicament has come
close to fulfilling
his calls have been tracked for some time here: http://yelnick.typepad.com/
(see the archives) along with Neely 'master of the EW' who to date has called
for the decline of the DJ/SP500 five times, does he do crude ?
as to the $5 - $10 crude, my last call was a top at $76 and i think crude
will drop to $34 possibly $21 - fibo (EW) numbers - will update next month
here's my Jan/09 post: 'crude oil to $21 . . . how about $13 ?'
http://www.elitetrader.com/vb/showthread.php?s=&threadid=152055
i'll say that to date, crude's either putting in an inverted H&S (EW AB) or
A and B of an ABC, or even completed an ABC correction that will see a
new high, maybe even hit fibo # $89
attached is an Advanced GET EW labeled chart
Various oil production costs....
http://www.reuters.com/article/rbssEnergyNews/idUSLS12407420090728
Oilfields Estimated Production
/source Costs ($ 2008)
Mideast/N.Africa oilfields 6 - 28
Other conventional oilfields 6 - 39
CO2 enhanced oil recovery 30 - 80
Deep/ultra-deep-water oilfields 32 - 65
Enhanced oil recovery 32 - 82
Arctic oilfields 32 - 100
Heavy oil/bitumen 32 - 68
Oil shales 52 - 113
Gas to liquids 38 - 113
Coal to liquids 60 - 113
Point....The time to buy inelastics is when they are selling below their costs of production....in combination with extreme negative public sentiment....
http://www.reuters.com/article/rbssEnergyNews/idUSLS12407420090728
Oilfields Estimated Production
/source Costs ($ 2008)
Mideast/N.Africa oilfields 6 - 28
Other conventional oilfields 6 - 39
CO2 enhanced oil recovery 30 - 80
Deep/ultra-deep-water oilfields 32 - 65
Enhanced oil recovery 32 - 82
Arctic oilfields 32 - 100
Heavy oil/bitumen 32 - 68
Oil shales 52 - 113
Gas to liquids 38 - 113
Coal to liquids 60 - 113
Point....The time to buy inelastics is when they are selling below their costs of production....in combination with extreme negative public sentiment....