We must be awash in oil...

Quote from polpolik:

$59 and going down further.

3 months ago, the world is running out of oil and the sky is falling.

Now, nobody wants oil at $60/bbl.
More...

How many times do I have to tell y'all this?:

At the current time, there is no oil shortage. It is merely a scam.

To verify this, go to the library and check out a history book. You need only research back to the 1970's. This game has played out before.

Happy driving!
 
Seems like only a few years ago, OPEC was talking about a range of $24 to $28 as a fair price. Suddenly, they think $100 is.

Times are a changing
 
Quote from TraderZones:

Seems like only a few years ago, OPEC was talking about a range of $24 to $28 as a fair price. Suddenly, they think $100 is.

Times are a changing
More...

number of dollars in circulation too...
 
Oh! No! It wasn't speculation that drove the price up, it was demand. BULLSHIT! So now are we to believe that "demand" has dropped off over 50% in four f'n months? Had that really happened the unemployment rate would be about 75%. Just more manipulation so that those in the know can continue to rape the masses.
 
Listen Mid East ,we need to build about 20 or 30 new wells in your backyard,we're willing to pay top dollar,we'll have our employees,Bush and Cheney overthrow a government,we're cheap greedy bastards so the top dollar we are gonna pay you will be in the form of you selling your oil for over $100 dollar per barrell,,do we have a deal? All right ,we threw the guy out ,we got our wells in,you've been paid,now let's bring oil back to a more manageable price ,if we bankrupt everyone ,we'll have no one left to sell our oil to.
 
Quote from BSAM:

How many times do I have to tell y'all this?:

At the current time, there is no oil shortage. It is merely a scam.

To verify this, go to the library and check out a history book. You need only research back to the 1970's. This game has played out before.
More...


I think a scam is too harsh of words..its just typical human behaviour...
Like the fact that there is a whole lot of supply that becomes economic when light sweet floors over 100 a barrel on a long term basis...not when it reaches for those levels in a blow off.
 
Crude prices directly correlated to the bush/cheney cabal.

Which means once out of office, crude will find support at 30.


Peak oil?

Another b.s. theory hoisted on fools who bought the top.
 
Quote from arealpissedgoy:

Peak oil?

Another b.s. theory hoisted on fools who bought the top.
More...

Let me guess, you also believe in Intelligent Design, right?
 
Quote from EMRGLOBAL:

you guys keep talking about "DEMAND STRUCTURE"?

Oil moves on far more than 'DEMAND". Even thought the global slowdown is underway, possible depression, I doubt demand has slowed enought to cause this break down in Oil.

natural gas is still in at 6.44 or so. 60% pull back in Oil is definitly catching the short flys right now. If you think that oil will remain at these levels for the next six months, get short.

I have been buying, bought more today, since 84 levels. Just slowly building up positions My target to go balls in is almost met.

there are plenty of factors that could trigger a run to 70 if not 90 with in a few weeks. Read between the lines.

Of course those that shorted oil at 80 and have road it down, good trade, risky but great trade.

I wouldn't sit short.
More...

Hahah...so the guys who are up 25K a trade are taking the risk, but you who have been catching a falling knife, and down 25K per contract - are what?
 
You must log in or register to reply here.
Back
Top