U.S. OIL FUND ETF (USO)

All Comments on USO

  • commenter
    The
    Stockaccumul
    ator
    Jun 02 08:34 PM
    Tesoro: An Aggressive Way to Play a Short Term Oil Pullback [view article]
    Good company true, but SWN, STR, and NE are far better... read about them carefully... you will be glad you did... I now also like PBR at this great price too... was waiting for this PBR pullback, now buying it tommorrow... PBR going to $90 in next 3 months, then to $145 by next year this time... never forget PBR... it is the leader of leaders in the field, and next quarter's earnings at these novel April and May crude prices will be astonishing for such a large company... never before in history has there been an announcement of earnings like the one expected for PBR... get ready... I may buy 20,000 shares tommorrow... and hold past the next 3 quarters. Each announcement by PBR is more spectacular than the last... the stock usually pulls back a bit before earnings, then heads strait up just before and into the announcement... sometimes regardless of the price of crude... Kindest regards... The STOCKACCUMULATOR Reply
  • commenter
    The
    Stockaccumul
    ator
    Jun 02 08:21 PM
    Oil Bubble Spin [view article]
    No bubble... just make money... buy SWN (Southwestern Energy just announced today to be in S&P 500 replacing Trane Co., blow out earnings) PBR (Petrobras) NE (Noble) and STR (Questar)... read about them... you will be amazed, you will do well, and will be glad you read this, earnings next quarter at today's prices (April and May) will be huge, buy now as earnings announcements expected shortly... warm regards... The Stockaccumulator... Reply
  • commenter
    sandhillbc
    Jun 02 06:36 PM
    Windfall Profits for Big Food: Where's The Outrage? [view article]
    Does no one understand that while crop prices have doubled for the "rich farmers", they rely on companies like Monsanto, Deere,etc. for their supplies which, as the article says, are quadruple or more profits. They, too, are paying $5 for diesel, and double for fertilizer and seed. Cattle prices are lower than 2 years ago, but feed for them is double. Farmers and ranchers in general are not corporate, and most of their subsidies come not from the government, but from jobs that furnish health care, etc. for the family. Some are even lucky enough to live in an area where they can work in the oil industry as an extra source of income. Good luck if we ever have to import all our food. These food prices will look pretty cheap then. Reply
  • commenter
    Georealist
    Jun 02 06:05 PM
    A Speculative Way to Play the Oil Bubble [view article]
    On the surface all of this seems reasonable..until you dig a little. DCR would be inferior, in my opinion, to simply using DUG (ProShares Ultra Short Oil & Gas)...IF you are positing a drop in oil (and it's very likely if oil drops 20% nat gas will trail alongside) then why the halfway attempt to take advantage. It's alomost inconceivable that nat gas would continue to rise in a strongly corrective environment..since it stands roughly in relationship to oil as silver does to gold.
    I suppose it would have been above and beyond to actually see your reasoning behind a possible near term decline (which is very likely) but that is hoping for a bit much.
    By the by..there was no need to go into the lengthy nonsense about UCR...giving some insight into what the market move translates into and the REASON that has such a dramatic effect on refiners would be enough.     Reply
  • commenter
    Reinko
    Jun 02 05:45 PM
    CFTC Investigating Potential Crude Oil Price Manipulation [view article]
    To zenalgorithm:

    It is amazing to see how many US folks think there is actual hoarding of oil, this is not the case.

    The fundamentals are as next:

    World production is like 85 million barrels a day,
    World demand is like 87 million barrels a day.

    So the oil reserves decline slowly.

    The hoarding takes place on the futures markets, when you buy oil futures the oil is not delivered at your door and you cannot store it into your garage.

    But these oil futures are rolled over every month and without the money in it, oil would be about 30 to 40% cheaper.

    It is all very simple, but proving real market manipulation is something else.
    I am not sure of course, there could be rigid manupilation, but I think most investors are like pension fund investors who only want a good profit for their clients. They might be dumb because every dollar they earn gives far more dollars damage, but the hypothesis that 'evil forces' drive the market is not realistic I think...     Reply
  • commenter
    Brian
    Pursley
    Jun 02 04:42 PM
    My Website
    Windfall Profits for Big Food: Where's The Outrage? [view article]
    Big Government taxes people at over 33%. Where's the outrage? Reply
  • commenter
    tbird
    Jun 02 04:39 PM
    Windfall Profits for Big Food: Where's The Outrage? [view article]
    If you are going to talk about profits,let's talk about the Government. When diesel is 5.19 a gallon like it is in California the Federal Excise is .244 cents State Excise is .18 cents and .0795 sales tax. That is eighty cents a gallon and no exspenses to pay. That is absurd. Reply
  • commenter
    TERN
    Jun 02 03:36 PM
    My Website
    Windfall Profits for Big Food: Where's The Outrage? [view article]
    Nowhere in America.

     Reply
  • commenter
    CarlosSlim
    Jun 02 02:46 PM
    My Website
    Windfall Profits for Big Food: Where's The Outrage? [view article]
    "Windfall Profits for Big Food: Where's The Outrage?"

    Nowhere.

    These people have no shame, whosoever.

    They will repeat any lie.

    They will "bear false witness against their neighbors" time and time again.

    No sir, the only outrage they feel is if the GOP tells them to believe some propaganda talking point.

    They have absolutely no problem with borrow-and-spend $3 trillion on a war based on lies.

    Lies? What lies? They have no clue.

    When the "dirty hippies" said back in 2000 that it would NOT be a good idea to let two OIL men run our country--there was no outrage.

    What could possibly go wrong? They will surround themselves with "smart" people, they said.

    You're just being a "boy who cried wolf".

    "The sky is falling" they laughed, again and again.

    Funny...when they fill up their F-350 trucks and SUVs, I don't hear them laughing now.
    Reply
  • commenter
    riverpirate
    Jun 02 02:35 PM
    Is Oil a Bubble? Part Two [view article]
    Let's straighten out some ideas here. "Supply and demand" can mean a lot of things in this context:

    1. Current supply and demand of crude oil in the cash market.
    2. Future supply and demand of oil in the cash market.
    3. Current supply and demand for futures contracts.
    4. Future supply and demand for futures contracts.

    Now, of course oil's price is a function of "supply and demand," but what's the mix? What are the driving dymanics in above and which are irrelevant.

    My argument about hoarding was misunderstood I believe. Oil is NOT being hoarded in the cash market -- the spot market for oil is clearing Refiners tanks are actually full right now because the current supply and demand dynamic is slight OVERPRODUCTION vs. USE.

    Futures contracts, however, ARE BEING HOARDED by long only investors. If with every succeeding month more money enters the futures market for oil with a long bias (as has been the case recently), that means that each month the futures market will have to find MORE people willing to sell them contracts. With each month that passes, the market must find new net sellers of futures contracts in order to fill the longs' buy orders.

    This is accomplished by the market mechanism by an increasing price. The rising price lures people in to the other side of the contracts. The rising price of oil in the futures market is techincally due to only one thing (no. 3 on the list), an imbalance in the current supply vs. demand for oil futures.

    Now the other half of the story -- the link between futures and spot.

    The cash market for oil is working just fine and there is plenty of oil to go around, which is why the saudis "officially" refuse to increase production: THERE IS NO ONE TO SELL IT TO. Everyone who wants a liquid barell of oil is getting one, and the storage tanks are full to the brim.

    So what's the link between the two markets? Let's see if i can articulate this better. If you are trying to buy a barell of oil in the spot market you have a couple ways of "VALUING" that barell of oil:

    1. Manufacture Cost + Profit: "I will pay 10% more than it cost to pump"
    2. Intrinsic Value: "I will pay what the oil barell is worth to me"
    3. Future cost - discount: I will pay a price that reflects what oil is worth next month, price-adjusted for immediate delivery.

    Now here's the thought experiment: If oil were being priced based on number 1, why would you sell a barrell of oil as a producer for $55 if you could make more than double that by sitting on it for a month? If method 1 were pricing spot oil, no oil would have been delivered this last month -- it would have been hoarded to sell futures against.

    It is precisely BECAUSE liquid oil is not being hoarded that you can be certian the price is being set by the futures market. If the prices were independent, producers would hoard the oil rather than accept normal margins. The spot price of oil is skyrocketting along with the price of the futures because the mechanism for hoarding doesn't exist -- tanks are full. The only way to hoard is to leave it in the ground, ala Saudi Arabia.

    What does this mean? All it means is that the price is being set by the FINANCIAL MARKET DEMAND, not THE OIL MARKET DEMAND. I fully expect the prices to remain high, but if it fell to $70 tommorow I wouldn't tell you "there must have been a major demand reduction or new wells started magically producing." No, I would tell you "Someone must have sold a lot of Futures."     Reply
  • commenter
    europeaninve
    st
    Jun 02 01:28 PM
    My Website
    Windfall Profits for Big Food: Where's The Outrage? [view article]
    great article!!!!!!!!!!!!!!!... Reply
  • commenter
    freewilly
    Jun 02 12:59 PM
    Peak Oil, Crude Price and Equity Correlation [view article]
    "in the end, it boils down to the health of the economy"

    that's it in a nutshell....     Reply
  • commenter
    PAPPY7
    Jun 02 12:26 PM
    Windfall Profits for Big Food: Where's The Outrage? [view article]
    The KEY word in this discusion is "barrel", as in "whoever has you over one will stick it to you" whether oil co. banker or farmer,etc. Everybody will maximisr profit when given a chance. Reply
  • commenter
    tom2987
    Jun 02 12:04 PM
    'Index Speculators' Responsible For Commodity Prices? [view article]
    US Declining: Hmm. Well, if so, we have a TON of declining to do. Ranks by GDP.

    1 United States 13,843,825
    2 Japan 4,383,762
    3 Germany 3,322,147
    4 China 3,250,827
    5 United Kingdom 2,772,570
    6 France 2,560,255
    7 Italy 2,104,666
    8 Spain 1,438,959
    9 Canada 1,432,140
    10 Brazil 1,313,590
    Reply
  • commenter
    Michael B.
    Krause
    Jun 02 11:52 AM
    My Website
    Peak Oil, Crude Price and Equity Correlation [view article]
    I am only suggesting it will take $50 crude for it to be a serious stimulus, rather than braking force to the economy. The bulk of this article is quite bullish oil (long term), buying into peak oil. That is of course until demand destruction occurs at a faster rate than supply shortfall.
    Reply
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