mistermind

teamsports, surely you did get out after all the Cassandra soothsaying? None other than Richard Branson has said oil is headed for $200, and who is more moderate and modest than Richard?

It is not only oil rising, it is the dollar sinking. With the Fed printing dollars like confetti, why wouldn't the dollar sink?

Oh for the enchanted days when oil was $90.40 a barrel!

riccardo

A friend of mine is an oil options broker... they have traded, at 20c, a December $300 call.

__________________
"My ASS, No blame!"

mistermind

If so, the oil bears will be instantly buried --
along with any chance to avoid worldwide Recession if not Depression.

Starman

Settled at 36c last night

mistermind

If Obama makes it to the White House he will be there in January. Meanwhile there are six months left for a lame duck President. Could desperate countries try something while George Bush is still around?

chemist

News sites full of official denials now. I don't think Bush would approve an attack unless he has information that Iran's nuclear programme is far far more advanced than has been generally reported, and I don't think Israel would attack without US approval.

__________________
People who like this sort of thing,
will find this the sort of thing they like.

The Saint

The whole episode is so simple - just compare it to your first day at school...a bit scarey....meet a friend... meet a girlfriend....lose interest in certain things....get older...want a challenge....become president of the Student Union....a bit scarey....meet a friend... meet a girlfiend....lose interest in certain things....get older...want a challenge....become president of the USA..........

__________________
Oh when the saints....come winning back...Woohoo...

teamsports

Thread started 13/11/07 .. maybe a bad day, to start a thread.

Oil now back below $90, after going to the moon (and costing me packets).

Wonder how the oil producers now feel ? Do we blame them ? Is, or was it the hedge fund speculators, who took control of the mkt.

Presumably, the oil revenue now to the middle east, has severely been curtailed, and the demand destruction may hurt revenues for the next few yrs. I suppose they can just leave it in the ground, and hope the electric car, doesnt take hold.

Where to from here .. dunno .. presumably it will fall to below $80, but woudnt want to bet (much) on it.

Steady

A lot of analysts on bloomberg in the last fully expect it to fly upwards sooner or later... others believe that will be something of a signal that the equity capituation has occured..

__________________
I know a bloke, who knows a bloke, who knows a bloke.

My Gambling Blog - www.Punt.com

Starman

I don't think that $75 will get breached and feel that we may see a bounce from these levels ($88ish) to something above $100 but as a client told me earlier "bottom-pickers become cotton-pickers"