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rdsaltpower
Heavy Crude
Joined: Aug 30, 2006
Posts: 130
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 Posted: Fri Aug 08, 2008 8:21 am Post subject: Re: Another Record ($147.27) |
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| oil just slipped to 115.94 |
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jasonraymondson
Fission
Joined: Jul 04, 2007
Posts: 2339
Location: The U.S.S.A
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| Posted: Fri Aug 08, 2008 11:02 am Post subject: Re: Another Record ($147.27) |
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I predict we will have a few months of this kind of behavior and then we will see a giant skyrocket right after Obama takes office.
Everything is lining up perfectly for the nwo .. I think we all knew that these prices would dip back down. It is a continuing cycle used to desensitize the sheeple |
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MrBean
Light Sweet Crude
Joined: Sep 26, 2004
Posts: 1292
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| Posted: Fri Aug 08, 2008 5:28 pm Post subject: Re: Another Record ($147.27) |
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| rdsaltpower wrote: | | oil just slipped to 115.94 |
Must be everybody is so hooked on the oh-so-interesting Edwards affair that they failed to notice there is now a War between Russia and (wannabe) US proxy... |
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DantesPeak
Expert
Joined: Oct 23, 2004
Posts: 5928
Location: New Jersey
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| Posted: Fri Aug 08, 2008 6:53 pm Post subject: Re: Another Record ($147.27) |
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| jasonraymondson wrote: | I predict we will have a few months of this kind of behavior and then we will see a giant skyrocket right after Obama takes office.
Everything is lining up perfectly for the nwo .. I think we all knew that these prices would dip back down. It is a continuing cycle used to desensitize the sheeple |
We may not need any political events to raise the price of oil later in the year.
Demand had been constrained with prices above $130 by various Asian countries that didn't want to increase subsidies as prices rose - thereby creating shortages and limiting demand.
As prices fall, demand increases everywhere in the world. Unfortunately most haven't noticed that actual demand exceeds available new supplies. In other words, inventories will fall - only faster.
Eventually inventories will fall to a level where demand can not be maintained by inventory drawdowns. That's when countries suddenly start competing for available current output.
_________________
It's already over, now it's just a matter of adjusting. |
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Armageddon
Fusion
Joined: Apr 13, 2005
Posts: 3264
Location: St.Louis, Mo
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| Posted: Fri Aug 08, 2008 7:27 pm Post subject: Re: Another Record ($147.27) |
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| DantesPeak wrote: | | jasonraymondson wrote: | I predict we will have a few months of this kind of behavior and then we will see a giant skyrocket right after Obama takes office.
Everything is lining up perfectly for the nwo .. I think we all knew that these prices would dip back down. It is a continuing cycle used to desensitize the sheeple |
We may not need any political events to raise the price of oil later in the year.
Demand had been constrained with prices above $130 by various Asian countries that didn't want to increase subsidies as prices rose - thereby creating shortages and limiting demand.
As prices fall, demand increases everywhere in the world. Unfortunately most haven't noticed that actual demand exceeds available new supplies. In other words, inventories will fall - only faster.
Eventually inventories will fall to a level where demand can not be maintained by inventory drawdowns. That's when countries suddenly start competing for available current output. |
co-sign |
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Niagara
Intermediate Crude
Joined: Aug 17, 2006
Posts: 546
Location: Mt. Hubbert Scenic Lookout
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| Posted: Sat Aug 09, 2008 3:17 pm Post subject: Re: Another Record ($147.27) |
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Has oil jumped to $123 over the weekend due to the war in Russia?
I read a link on another forum showing $123
MBF Alpha Commodities Index
Is this right? That would imply a sharp $8 rise over Friday's close.
Where's the best place to find oil prices after hours? |
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TonisD
Heavy Crude
Joined: Jun 12, 2007
Posts: 168
Location: Estonia
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| Posted: Sat Aug 09, 2008 3:34 pm Post subject: Re: Another Record ($147.27) |
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| With the Georgia's 800k barrel pipe in ruins and Azerbaidjan stopping oil exports through ports of Georgia due to the war - if price does not go up now then it is obvious what's happening. |
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Quinny
Intermediate Crude
Joined: Jul 03, 2008
Posts: 608
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| Posted: Sat Aug 09, 2008 3:36 pm Post subject: Re: Another Record ($147.27) |
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What?
| TonisD wrote: | | With the Georgia's 800k barrel pipe in ruins and Azerbaidjan stopping oil exports through ports of Georgia due to the war - if price does not go up now then it is obvious what's happening. |
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Cyrus
Intermediate Crude
Joined: Jan 25, 2005
Posts: 629
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| Posted: Sat Aug 09, 2008 5:29 pm Post subject: Re: Another Record ($147.27) |
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| Oil must be up as the price of regular gas jumped from 3.97 to 4.05 here. |
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chuck6877
Intermediate Crude
Joined: May 16, 2005
Posts: 532
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| Posted: Sun Aug 10, 2008 4:17 pm Post subject: Re: Another Record ($147.27) |
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I know all of you will be interested in Clive Maund's most recent article. The bottom for oil is close. The bottom for oil stocks is already in. NOW is the time to buy oil stocks or energy mutual funds like GAGEX- Guinness Atkinson Global Energy Fund- these guys know about peak oil and talk about it on their website!
Here is the article: Clive Maund's OIL MARKET UPDATE
Here are some of the charts I think you guys will find interesting:
The support line that has been in effect since January 2007 is about to be hit. Where? He thinks the price of oil is going to bottom around $110 where the 200 day moving average is located which I've been saying the price was going to go down to since oil was close to $150 and most of you thought I was a nut!...
He says on this chart he thinks oil will bottom around $110:
NOW, is the time to buy oil stocks. Here is the OIL STOCK INDEX:
Another view at the oil stock index:
Last edited by chuck6877 on Sun Aug 10, 2008 10:43 pm; edited 1 time in total |
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smallpoxgirl
Moderator
Joined: Nov 08, 2004
Posts: 6477
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| Posted: Sun Aug 10, 2008 5:06 pm Post subject: Re: Another Record ($147.27) |
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Despite all the chaos going on in Georgia, oil is up a measly $0.70 from Friday's close. I thought it might really gap up. Gold isn't doing much better. Up $5 from Friday's close.
_________________
"We were standing on the edges
Of a thousand burning bridges
Sifting through the ashes every day
What we thought would never end
Now is nothing more than a memory
The way things were before
I lost my way" - OCMS |
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DantesPeak
Expert
Joined: Oct 23, 2004
Posts: 5928
Location: New Jersey
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| Posted: Sun Aug 10, 2008 5:28 pm Post subject: Re: Another Record ($147.27) |
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| smallpoxgirl wrote: | | Despite all the chaos going on in Georgia, oil is up a measly $0.70 from Friday's close. I thought it might really gap up. Gold isn't doing much better. Up $5 from Friday's close. |
Sentiment among oil traders is very negative, and I don't doubt that number of the size of speculative positions betting on the price to fall is going back up fast (although probably not to the extremes seen shortly before oil hit record highs).
Most likely we will hear even more talk about how 'the oil bubble has burst' on Monday, even as evidence accumulates that a key requirement for a bubble - speculative hoarding in hopes of selling higher - is nowhere to be found.
_________________
It's already over, now it's just a matter of adjusting. |
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rdsaltpower
Heavy Crude
Joined: Aug 30, 2006
Posts: 130
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| Posted: Mon Aug 11, 2008 11:43 am Post subject: Re: Another Record ($147.27) |
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| oil dropped to 112.90 today, hard to believe with the Russian Bear on the prowl! |
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startswithearthquakes
Tar Sands
Joined: May 27, 2008
Posts: 97
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| Posted: Mon Aug 11, 2008 11:54 am Post subject: Re: Another Record ($147.27) |
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As I said in another thread .. There's been a deal.
Now go laugh about it and go on living blindly... |
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AirlinePilot
Moderator
Joined: Apr 05, 2005
Posts: 2607
Location: South of Atlanta
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| Posted: Mon Aug 11, 2008 12:19 pm Post subject: Re: Another Record ($147.27) |
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| What kind of "deal" ??? I'm curious. |
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