globalHOBBIT

USO: Black Gold Waiting to Erupt

That's little more than three [3] day usage just for the US alone! Globally speaking it's a drop in the bucket.


On Feb 22 05:19 PM Joe Red wrote:

> What about the 80 million barrels of oil stored in the floating tankers
> ? See this weeks business week 3/2/09 pg. 14.
>
> Contango

Crude Reality: How Long Can Oil Stay Down?

Just out of curiosity isn't it EIA [Energy Information Administration] not IAE?

Gaza War: Expect a Spike in Oil, Gold

"...... but the popular feeling against Israel’s disproportionate response to rockets fired from Gaza is mounting."

If someone kept shooting rockets at you house and family for eight years and you kept asking them to please stop but the continued you'd get pretty angry wouldn't you. Hamas is a terrorist organization whereas Israel is a member state of the UN. Hamas spends the people's money on bombs and rockets NOT on schools, hospitals and roads. Oil will rise because it was oversold at $33 just as it was over bought at $147. Gold will rise as a result of the global printing presses working overtime trying to re-inflate assets because of the credit crunch. Your analysis of gold and oil seem driven and shaped by emotion rather than on solid economic facts.

Buying USO Is a No-Brainer

What's the major difference between USO and DXO other than USO gives 100% oil's price change and DXO gives you 200% of oil's price change? Thanks