Weeeee look at oil go, poor stock market

[Landis82]

Quote from TM1:

perceived supply and demand drives the price not actual supply. Anyone can see there is no shortage...any of the gas stations out of gas in your neighborhood? No...you know why that is? Raising the price keeps the supply safe.

Gasoline futures jumped another 8 cents today.
This is what dragged crude up.

 

[myminitrading]

Quote from stock_trad3r:

Oil prices will decline rapidly

$66 is too high for just speculation and a few minor incidents

There is planty of oil remaining in the world. It is estimated that between 20-50% of all oil has been used. There is estimated to be 2 trillion barels of shale oil in North America

12400 is too high for the Dow, its estimated that real earnings are no were near the inflated estimates used on wall street, if you were to remove the tax brakes given to large corporations earnings would collapsing. Take away all the fancy accounting and what you end up with is corporations with mountains of debt.

 

[number22]

Quote from myminitrading:

Oil is a finite resource, its running low, get it!

LOL; I don't believe that; there is plenty oil for everyone; Middle east is by far the cheapest place to dig oil for now.

 

[Landis82]

Quote from myminitrading:

12400 is too high for the Dow, its estimated that real earnings are no were near the inflated estimates used on wall street, if you were to remove the tax brakes given to large corporations earnings would collapsing. Take away all the fancy accounting and what you end up with is corporations with mountains of debt.

Learn to spell correctly.
The word is "break".

 

[TM1]

Quote from Landis82:

Gasoline futures jumped another 8 cents today.
This is what dragged crude up.

"Dragged crude up", Are you saying there is no demand for crude? Last I checked it was a rather important ingredient in the manufacture of gasoline. Those December $100 option calls should at least give some pause for thought on the direction of crude.

Let's pull up a seat and watch and see.

 

[ByLoSellHi]

I'm becoming bullish.

stck_trdr3 is becoming bearish.

 

[TM1]

Quote from ByLoSellHi:

I'm becoming bullish.

stck_trdr3 is becoming bearish.

That's funny, I thought the same thing, but figured someone else would say it

 

[Landis82]

Quote from TM1:

"Dragged crude up", Are you saying there is no demand for crude? Last I checked it was a rather important ingredient in the manufacture of gasoline.

No, I didn't say that.
Those are your words, not mine.

Talk to a floor trader on the NYMEX.
He'll describe to you what I mean.

 

[TM1]

Quote from Landis82:

No, I didn't say that.
Those are your words, not mine.

Talk to a floor trader on the NYMEX.
He'll describe to you what I mean.

Ohh, ok...well perhaps you can put me in touch with the floor trader you have been conversing with? Do you have his phone number?

How about explaining your words in your words instead then?

I watch oil/gasoline/crack spreads, etc, etc everyday, but since you seem so erudite on the subject perhaps you wouldn't mind expounding upon your original statement. I have heard Su Keenan say that on Bloomberg before, but then I usually just laugh at some the tripe the floor traders feed her.

 

[Landis82]

Quote from TM1:

Ohh, ok...well perhaps you can put me in touch with the floor trader you have been conversing with? Do you have his phone number?

How about explaining your words in your words instead then?

I watch oil/gasoline/crack spreads, etc, etc everyday, but since you seem so erudite on the subject perhaps you wouldn't mind expounding upon your original statement. I have heard Su Keenan say that on Bloomberg before, but then I usually just laugh at some the tripe the floor traders feed her.

Then I guess you must be "laughing" at Eric Bolling then.

I really don't know where your ATTITUDE or sarcasm comes from, but I've known quite a number of floor traders from the NYMEX since the early 80's when I myself traded in #4 WTC.

Given the "attitude" that you just showed in your post, I really won't bother with explaining what I "meant" earlier.

I'll let you do that since you are the "Expert."