Ping: ShortWave
 

Lost track of the thread, but this seems to support your theory regarding
oil:

http://tinyurl.com/2z83cc

Eisboch

Ping: ShortWave
 

On Tue, 11 Mar 2008 20:40:42 -0400, "Eisboch" wrote:

Lost track of the thread, but this seems to support your theory regarding
oil:

http://tinyurl.com/2z83cc

Told 'ja. :)

It will be interesting to see how far they take this. T. Boone
Pickens believes $55 isn't totally out of whack, but more likely
$60/65.

I've been watching the forward contracts for a couple of months - it's
really unbelievable.

Ping: ShortWave
 

Short Wave Sportfishing wrote:
On Tue, 11 Mar 2008 20:40:42 -0400, "Eisboch" wrote:

Lost track of the thread, but this seems to support your theory regarding
oil:

http://tinyurl.com/2z83cc

Told 'ja. :)

It will be interesting to see how far they take this. T. Boone
Pickens believes $55 isn't totally out of whack, but more likely
$60/65.

I've been watching the forward contracts for a couple of months - it's
really unbelievable.

Irrational exuberance.

Ping: ShortWave
 

On Mar 11, 9:47*pm, Short Wave Sportfishing
wrote:
On Tue, 11 Mar 2008 20:40:42 -0400, "Eisboch" wrote:
Lost track of the thread, but this seems to support your theory regarding
oil:

http://tinyurl.com/2z83cc

Told 'ja. *:)

It will be interesting to see how far they take this. *T. Boone
Pickens believes $55 isn't totally out of whack, but more likely
$60/65.

I've been watching the forward contracts for a couple of months - it's
really unbelievable.

Well, I am hoping it goes down to 61 dollars a barrel and stays there
till Dec, 31 ;)

Ping: ShortWave
 

On Tue, 11 Mar 2008 20:40:42 -0400, "Eisboch" wrote:

Lost track of the thread, but this seems to support your theory regarding
oil:

http://tinyurl.com/2z83cc

Eisboch

Might be that those buying the puts are rolling in the bucks their
long oil positions gave them. Simple spreading of risk.
I didn't look at the premiums.
There's no real reason for oil to pull back significantly.
And every reason for it to rise.
Oil is not a replaceable commodity.
Oil is not oats, corn, beans, etc.
Just plant more acreage when prices are high, and watch the
supply/demand cycle at work.
Can't do that with oil.
You use it and it's gone.
Fact of life on the planet Earth.
Mad Max is coming.

--Vic

Ping: ShortWave
 

On Tue, 11 Mar 2008 23:09:43 -0600, Vic Smith
wrote:

There's no real reason for oil to pull back significantly.

Only if there is a global recession. Eventually rising prices will
lead to economy measures but that's a "good thing". Rising prices
will also provide incentives and funding for more exploration and
development. That's a good thing also but most experts think that
production is already at or near its all time peak. In the long term
things get worse, much worse.

Ping: ShortWave
 

"Vic Smith" wrote in message
...
On Tue, 11 Mar 2008 20:40:42 -0400, "Eisboch" wrote:

Lost track of the thread, but this seems to support your theory regarding
oil:

http://tinyurl.com/2z83cc

Eisboch

Might be that those buying the puts are rolling in the bucks their
long oil positions gave them. Simple spreading of risk.
I didn't look at the premiums.
There's no real reason for oil to pull back significantly.
And every reason for it to rise.
Oil is not a replaceable commodity.
Oil is not oats, corn, beans, etc.
Just plant more acreage when prices are high, and watch the
supply/demand cycle at work.
Can't do that with oil.
You use it and it's gone.
Fact of life on the planet Earth.
Mad Max is coming.

--Vic

If you haven't already, you may want to do some reading at this site:

http://www.lifeaftertheoilcrash.net/

Ping: ShortWave
 

"D.Duck" wrote in message
...


If you haven't already, you may want to do some reading at this site:

http://www.lifeaftertheoilcrash.net/



Great way to start the day. :-)

Folder for thought, even for us eternal optimists.

Eisboch

Ping: ShortWave
 

On Wed, 12 Mar 2008 06:27:55 -0400, "Eisboch" wrote:


"D.Duck" wrote in message
m...


If you haven't already, you may want to do some reading at this site:

http://www.lifeaftertheoilcrash.net/

Great way to start the day. :-)

Folder for thought, even for us eternal optimists.

Here's some fodder for you.

There is more oil contained in the Canadian tar sand field than the
entire Middle East has ever had.

21 Trillion barrels - thats trillion with a t.

Some geologists say that there is as much oil off the coast of New
Jersey on the Continental Shelf as there has been in Saudi Arabia.

Brazil just discovered a field that is the equal to Venezuala and
Nigeria combined.

Estimates are that oil in the Artic Basin is equal to those reserves
found in Russia.

Etc., etc., etc.

Ping: ShortWave
 

Short Wave Sportfishing wrote:
On Wed, 12 Mar 2008 06:27:55 -0400, "Eisboch" wrote:

"D.Duck" wrote in message
...

If you haven't already, you may want to do some reading at this site:

http://www.lifeaftertheoilcrash.net/
Great way to start the day. :-)

Folder for thought, even for us eternal optimists.

Here's some fodder for you.

There is more oil contained in the Canadian tar sand field than the
entire Middle East has ever had.

21 Trillion barrels - thats trillion with a t.

Some geologists say that there is as much oil off the coast of New
Jersey on the Continental Shelf as there has been in Saudi Arabia.

Brazil just discovered a field that is the equal to Venezuala and
Nigeria combined.

Estimates are that oil in the Artic Basin is equal to those reserves
found in Russia.

Etc., etc., etc.

Canada, the 51st state :)