Oil & War

In this new world of HFT algos that I read about here and elsewhere it is funny to think if there are lines of code to act on the word "Regrettably" .

James Baker , 1991 speech where optimism that war could be avoided was dashed.
Common market lore even appearing in one of the Market Wizard books.
 
I think any spike would be short-lived and a great set up for going short. In fact, it may be an incredible trade....and put options may be the way to go here.

I can't see this economy continuing to tolerate $110/bbl oil for very long.
 
Quote from Brighton:

Here's a 30-year nearby CL chart. It's a freebie from Moore Research but it's high quality - you can zoom it quite a bit on your screen and it doesn't lose resolution.

http://www.mrci.com/pdf/cl.pdf
More...

Scary chart. I remember gas being under a buck for awhile in 99...aahhh and driving muscle cars daily. That chart is horrifying. But may as well keep trading it.
 
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