Peak Oil?

Suomodo · Posted: Thu Jul 03, 2008 4:16 am Post subject:

Did he got a deal or did he not got a deal?

Has Trichet the power to go against Sarkozy and Merkel? What if ECB holds rates today ...?

http://www.nytimes.com/2008/07/02/business/worldbusiness/02euro.html?_r=1&dbk&oref=slogin

rffrydr · Posted: Sat Jul 05, 2008 8:42 pm Post subject:

Demand re-invention:

http://www.msnbc.msn.com/id/24620567/
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HenryTo · Posted: Sun Jul 06, 2008 6:44 pm Post subject:

South Korea accounces a curb in governmental consumption on crude oil, but more importantly, publicizes that it will curb private demand if oil rises another $30 a barrel from current levels:

http://www.iht.com/articles/2008/07/06/business/won.php

rffrydr · Posted: Sun Jul 06, 2008 10:02 pm Post subject:

Paulson at G8 is pushing China to reveal strategic reserve stocks and co-ordinate on future energy use. Problem: that tank might be empty.
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diesel · Posted: Sun Jul 06, 2008 10:12 pm Post subject:

rffrydr · Posted: Sun Jul 06, 2008 11:05 pm Post subject:

Maybe it should be in ours: imagined power is always greater.
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Suomodo · Posted: Mon Jul 07, 2008 12:41 am Post subject:

USD strengthening so far, surprisingly quickly .... holds promise

BTW NYMEX increased margin requirements as of 3rd July by app 5-10%, + for many other commodities
http://nymex.mediaroom.com/index.php?s=43&item=1904

The fight for oil is out there in a full force, behind the curtains ...

I would not underestimate Paulson, you have to be very smart to be a Goldman CEO ...

Crush in Oil = stocks saved, or unfortunatelly vice versa ... time is running

Suomodo · Posted: Mon Jul 07, 2008 12:50 am Post subject:

Suomodo · Posted: Mon Jul 07, 2008 1:03 am Post subject:

What a surprise ... Iran is going to easy the tension (I think they have discovered a new passion for the west or anything else?...)

http://www.iht.com/articles/reuters/2008/07/06/africa/OUKWD-UK-IRAN-MOTTAKI.php

rffrydr · Posted: Mon Jul 07, 2008 7:20 pm Post subject:

Checked CNBC report on close: had three negative items to report and basically laughed in the face of them even as they were read.

https://www.mcclellanoscillator.com/data/charts/gasoline_consumption.html
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Suomodo · Posted: Tue Jul 08, 2008 9:27 am Post subject:

Oil so far, so good ... I think he got a deal...

Breaking the 132 would mark the end of this stock market leg down for a significant time I suppose

rffrydr · Posted: Tue Jul 08, 2008 10:19 am Post subject:

Too bad we're not getting more out of it other than the airlines. 130 was the breaking point on the way up; we need to get into the 120s--which could be by today Idea

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diesel · Posted: Wed Jul 09, 2008 3:58 am Post subject:

T.Boone Pickens plan to escape the grip of foriegn oil.

http://online.wsj.com/article/SB121556087828237463.html?mod=googlenews_wsj
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rffrydr · Posted: Wed Jul 09, 2008 3:17 pm Post subject:

I like it--generate a sense of national cause. I'm ganna have to start working on a plan to free myself from Picken's if it works out.

Picken's is out to reinvent the golden age of Texas Oil. God help him. God help us.
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HenryTo · Posted: Wed Jul 09, 2008 3:21 pm Post subject:

FYI, BCA now believes that the crude oil price correction is under way for the next several months:

http://www.bankcreditanalyst.com/public/story.asp?pre=PRE-20080709.GIF