[Cashmere]

And just like that the losses of the 3 day dip have been erased.

Anybody want to admit to being credulous enough to buying short positions when oil was down to 135?

Like I wrote before - there are 100 visible reasons why oil will go up.

Can anybody name 5 reasons that oil will go down?

[Olle]

Can anybody name 5 reasons that oil will go down?

1. Economic recession
2. New capacity coming on line
3. Every new car bought uses less fuel than the one scraped
4. If there is no strike in Brazil
5. Is the EU/Iran-talks on nukes is successfull

I still believe you are right though, the price will go further up, but I’m far from sure

[DantesPeak]

The pending collpase of mortgage giants, Fannie & Freddie, marks the beginning of the next wave of dollar debasement.

The first one started last November with a major change in Federal Reserve policies. The second one probably starts today as the government assumes trillions $s in mortgages, plus many trillions $ more in derivatives.

Due to these monetary/fiscal policies, eventually we will look back and see $145 as just a short stop on the way to a much higher price.

[TreeFarmer]

Here is the real question that people on here seem to dance around a bit. What is a good place in which to put money so that I can profit from the coming run-up in oil prices? Do I go for oil company stocks, oil service company stocks, natural gas stocks, maybe an ETF like symbol "OIL" or what?

TF

[Olle]

Here is the real question that people on here seem to dance around a bit. What is a good place in which to put money so that I can profit from the coming run-up in oil prices? Do I go for oil company stocks, oil service company stocks, natural gas stocks, maybe an ETF like symbol "OIL" or what?

TF

I always recomend people to:

"buy on the rumour and sell on the news, do the opposite, do both or do neither depending on which way the wind is blowing"

[Daniel_Plainview]

5. Is the EU/Iran-talks on nukes is successful

I'll believe that when the pigs eat my brother ........

[americandream]

Can anybody name 5 reasons that oil will go down?

1. Economic recession
2. New capacity coming on line
3. Every new car bought uses less fuel than the one scraped
4. If there is no strike in Brazil
5. Is the EU/Iran-talks on nukes is successfull

I still believe you are right though, the price will go further up, but I’m far from sure

Nothing short of imminent catastrophic mass death will convince the current generation of indoctrinated consumers that the era of oil is over.

And you can rest assured, that time is close at hand and there's nothing you will do to prepare for it given your above predicament likewise I, and most of humanity. Apart from the very culprits responsible for our predicament and who ironically, have the means to outlive us lesser mortals.

[jlw61]

Here is the real question that people on here seem to dance around a bit. What is a good place in which to put money so that I can profit from the coming run-up in oil prices? Do I go for oil company stocks, oil service company stocks, natural gas stocks, maybe an ETF like symbol "OIL" or what?

TF

I'm not too worried about maintaining financial wealth in the banks or stock as that can dissapear overnight. I'm putting it into things that have real value. Some of those things can be confiscated by decree, but most of it would not be considered valuable or worth the effort to try to steal in the eyes of the government.

For my money, I'm putting it into:
=======================
Bicycles (electric and normal)
House improvements
Gardening, tools, seeds
Books
A new rifle
Metals (copper coated lead being the primary investment metal).



For my mind:
=======================
Learning to garden and save seeds
Learning skills of the past
Keeping up with my employer's needs, for now


For my time:
=======================
Whatever is needed to accomplish the above
Finishing my degree (3 classes left)
Getting to know the neighbors better
Talking to people willing to share ideas and listen to mine
Getting politically active on the local level


Now if I had read David Ramsey's book The Total Money Makeover 20 years ago and was sitting on a wad instead of my remaining debt which is being paid ASAP, I'd do what most investment people say.

32% in cash equivalents (metal, stocks, bonds, etc)
32% in low to moderate risk
32% in moderate to higher risk vehicles
4% hidden in the mattress (my addition to the mix)

Every year adjusting the money made so that each piece is once again at it's proper percentile. I would also endever to make sure at least half of it could be liquidated and wired to my bank in short order.

Each peice is broken up into various vehicles of investment with proper stop-losses on the high risk ventures. There is no single safe place to put your money, IMHO. In these trying times, it's even more uncertain.

[mobil1]

Woah ! Speaking of currency debasement, gold just shot up from 950-960 in the last half-hour. It was 930 just over 24 hours ago and 920 48 hours ago.

Perhaps this is related to the news that gov't might have to take oer FRE and FNM and shareholders might get nohting. Will be interesting to see the stock market reaction today.

I see gold goes up at 8:00-8:30 EST or so last few days.

[Cashmere]

Can anybody name 5 reasons that oil will go down?

1. Economic recession
2. New capacity coming on line
3. Every new car bought uses less fuel than the one scraped
4. If there is no strike in Brazil
5. Is the EU/Iran-talks on nukes is successfull

I still believe you are right though, the price will go further up, but I’m far from sure

1. Economic recession
Already going on.

2. New capacity coming on line
Nothing can come on line to offset current declines - not even those that are postulated already.


3. Every new car bought uses less fuel than the one scraped
Not quickly enough. Only a few non-hydrid U.S. cars currently made get more than 35 MPG - too late.


4. If there is no strike in Brazil.
The non-incidence of bad things is Bearish? Seems a bit empty.


5. Is the EU/Iran-talks on nukes is successful.
?

Like I said, nothing on the horizon is bearish.

[Olle]

Can anybody name 5 reasons that oil will go down?

1. Economic recession
2. New capacity coming on line
3. Every new car bought uses less fuel than the one scraped
4. If there is no strike in Brazil
5. Is the EU/Iran-talks on nukes is successfull

I still believe you are right though, the price will go further up, but I’m far from sure

1. Economic recession
Already going on.

2. New capacity coming on line
Nothing can come on line to offset current declines - not even those that are postulated already.


3. Every new car bought uses less fuel than the one scraped
Not quickly enough. Only a few non-hydrid U.S. cars currently made get more than 35 MPG - too late.


4. If there is no strike in Brazil.
The non-incidence of bad things is Bearish? Seems a bit empty.


5. Is the EU/Iran-talks on nukes is successful.
?

Like I said, nothing on the horizon is bearish.

The you KNOW the future and you KNOW how to make money out of it. Lucky you...

[TreeFarmer]

Now if I had read David Ramsey's book The Total Money Makeover 20 years ago and was sitting on a wad instead of my remaining debt which is being paid ASAP, I'd do what most investment people say.

32% in cash equivalents (metal, stocks, bonds, etc)
32% in low to moderate risk
32% in moderate to higher risk vehicles
4% hidden in the mattress (my addition to the mix)

I've read Dave's book and I also highly recommend it to everyone. As for your investment mix, I don't see real estate there anywhere. I would suggest that you drop "moderate to higher risk vehicles" totally and invest in real estate. Perhaps 50 to 70% of your wealth should be in real estate, all the other stuff is playing Wall Street's and Washington's game.

As for what you wrote about improving yourself, I whole heartedly agree with that. To Dave's book I would add two more: http://www.amazon.com/Thou-Shall-Prospe ... 344&sr=8-1 and http://www.amazon.com/Your-Magic-Power- ... 394&sr=1-1
those three make up my "trinity" of additional must reads after the Bible.

TF

[SoylentGreen]

Odds of Iran getting a serious kosher/US Air power spanking with a USN bitchslap on the side is 99.444% before October.We will see new record highs before we'll see oil under $130.

[emailking]

1. Economic recession
Already going on.

2. New capacity coming on line
Nothing can come on line to offset current declines - not even those that are postulated already.


3. Every new car bought uses less fuel than the one scraped
Not quickly enough. Only a few non-hydrid U.S. cars currently made get more than 35 MPG - too late.


4. If there is no strike in Brazil.
The non-incidence of bad things is Bearish? Seems a bit empty.


5. Is the EU/Iran-talks on nukes is successful.
?

Like I said, nothing on the horizon is bearish.

Of course, one could similarly make one-line counterpoints for each of the 100 visible reasons you claim there are for why oil should go up.

[CoachT]

*********Comming Soon*********

No only will oil drop below $130, it will drop below $100.

Have a nice weekend.
Coach T

[emersonbiggins]

*********Comming Soon*********

No only will oil drop below $130, it will drop below $100.

Have a nice weekend.
Coach T

[Peepers]

As a hopeless energy geek, I occasionally check in at NYMEX to see what the WTI futures are doing. In recent weeks, I've noticed that the March 2009 contracts seem to be consistently higher than all of the other contracts available.

I get it that oil prices will keep trending upward, but why that month for a near-term peak price? Anyone got any theories why that month is so popular among traders?

[SoylentGreen]

Some folks just cant get it through thier craniums fossil fuels isnt a renewable/recyclable resource.

[Serial_Worrier]

I refuse to accept this.

[Peepers]

SoylentGreen, was that in response to my question? I hope not, as I've been peak oil aware for several years now.

Yet my question still stands unanswered........