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BCA on Crude Oil Replies |
HenryTo
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Joined: 06 Aug 2004
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Suomodo
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Joined: 21 Mar 2008
Posts: 195
Location: Bratislava, Slovakia
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 Posted: Wed May 07, 2008 4:56 am Post subject: |
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Sort of supports a new trend ... thus decreasing a longer term demand for oil..
http://biz.yahoo.com/ap/080507/japan_toyota_us_prices.html
| Quote: | | Like other Japanese automakers, Toyota is enjoying sales growth while American automakers are struggling. Soaring gas prices have increased demand for smaller, fuel-efficient cars that Japanese automakers are reputed |
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Suomodo
Veteran Poster
Joined: 21 Mar 2008
Posts: 195
Location: Bratislava, Slovakia
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| Posted: Wed Apr 16, 2008 1:44 pm Post subject: |
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4 USD per Gallon... a dream here...
In most of Europe its 2 USD per liter i.e. app. 8 USD per Gallon.
And you can live with that. What most people do they look more at the fuel consumption of the vehicles they buy... fuel use 4-8 liter per 100km.
I suppose at certain prices also americans start thinking about fuel costs and opt for more economic cars.. This little cultural change per se would decrease the world demand by several percents per day...
Public transport another saving....
Various vehicle alternatives for overcrowded city traffic... I like the PIVO from Nissan 
http://www.conceptcarz.com/vehicle/z14310/Honda_PUYO_Concept.aspx
http://www.conceptcarz.com/vehicle/z12281/Stadia_CityCab.aspx
http://www.conceptcarz.com/vehicle/z14286/Nissan_Pivo_2_Concept.aspx
High crude ... so what? Demand is also flexible ...
Moreover, what will the Saudis etc do with their dollars? Invest or do some shopping ... both good for stocks isn it? |
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rffrydr
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Joined: 30 Oct 2005
Posts: 16929
Location: Sunny California
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| Posted: Wed Apr 16, 2008 11:39 am Post subject: |
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Let's go look. Euro looks alot like gasoline, both on fire:
http://futuresource.quote.com/charts/charts.jsp?s=XRB%20K8
Hope this is a bulltrap upthrust after distribution--some the equities have rising wedges which hints at this. Otherwise.....
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HenryTo
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Joined: 06 Aug 2004
Posts: 11722
Location: Los Angeles, California
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| Posted: Wed Apr 16, 2008 9:27 am Post subject: |
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Technology also clearly played a role here:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aQPElYIc75h4&refer=home
| Quote: | | Carioca remained out of sight to geologists until recently because the oil industry lacked the technology to assess reserves obscured by undersea salt formations, xxx Gibson, a geologist who's been advising oil and natural-gas companies since 1975, said in an April 14 interview. |
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HenryTo
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rffrydr
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Joined: 30 Oct 2005
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Location: Sunny California
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| Posted: Tue Apr 15, 2008 6:53 am Post subject: |
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Big finds announced yesterday. Petrobras up 10%. Believe it or not there is still some in the ground.
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HenryTo
Site Admin
Joined: 06 Aug 2004
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Location: Los Angeles, California
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| Posted: Tue Apr 15, 2008 1:46 am Post subject: |
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BCA's latest comments on crude oil:
http://www.bankcreditanalyst.com/public/story.asp?pre=PRE-20080414.GIF
| Quote: | | We are still long-term bulls on energy plays, and expect a mania to develop before this decade's boom is over. However, investors should hold back from putting fresh funds to work until oil prices correct and/or leading economic indicators in the developed world start to recover. |
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