Short CL 10,000 per contract as Bush Will stop buying for OIL RESERVES!!

Good. I can't complain at all. Nothing has changed here. Everyone is making predictions hoping to be discovered as the next guru of Wall Street.
 
Ok what if they do this and oil continues to rise. Then they have to come in and buy at a higher price. Sounds like political suicide and a waste of tax payers money.
 
they have 97% of reserves filled to capacity, they can buy once prices are much cheaper.....what doesn`t make sense is adding to reserves at the top of the market! Talking about a waste of taxpapyers money, but hey I am just talking my book, do what makes sense to you!
 
BlueStreek


Registered: Sep 2006
Posts: 638


New Post 03-14-08 03:25 AM

they have 97% of reserves filled to capacity, they can buy once prices are much cheaper.....what doesn`t make sense is adding to reserves at the top of the market! Talking about a waste of taxpapyers money, but hey I am just talking my book, do what makes sense to you!


Top of the market? LOL
we are a long way off from a top!
Oil is going much higher with the US$$ going into the toilet

Metals and all Energies not near highs!
 
Quote from BlueStreek:

They have been buyers all the way up from the 80 dollar range!
More...
try starting back some 7 or so years ago, then oil was in the low $20's - $40's

imagine that, prices were at those levels, wow,

say it ain't so....
 
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