Seeking Alpha

Alex_G » Comments » DBO

  • Oil Bull Market on Hold, Demand Should Keep Growing [View article]
    Chad,

    Your second chart is very old. New estimates have 09 consumption under 84mm barrels per day. EIA data is almost always revised by a decent margin in the following months.

    Alex
    Oct 22 23:00 pm |Rating: 0 0 |Link to Comment
  • More Off-Base (Way Off-Base) Oil Forecasts [View article]
    What exactly is the author trying to say here? Are oil price predictions too low or to high?
    Oct 09 22:24 pm |Rating: 0 0 |Link to Comment
  • The Professor Of Commodities: Interview with James Doran (Part II) [View article]
    complete waste of bandwith, time, etc.
    Oct 02 18:09 pm |Rating: 0 0 |Link to Comment
  • What China's Stock Market Implosion Means for Oil [View article]
    Joe L,

    You said:
    "Americans consume 30% of global oil production, china accounts for less than 5%. Oil prices would really feel the pain when US enters the second phase of the credit deleveraging."

    Pardon me for saying so, but what the hell does that mean?? Does credit de-leveraging mean the USA will be using more oil? What? It's a bit the wrong question, a lot the wrong answer and basically the wrong dimension.

    Sorry for being a bitch, but really...

    Jun 17 23:44 pm |Rating: 0 0 |Link to Comment
  • What China's Stock Market Implosion Means for Oil [View article]
    Eric,

    Yes, China could immediately cut energy costs by letting the Yuan float higher, but that would also make their products less attractive on the world markets. A bit of a catch-22, I would say...
    Jun 17 21:07 pm |Rating: 0 0 |Link to Comment
  • What China's Stock Market Implosion Means for Oil [View article]
    China is very inefficient in converting energy use into GDP, the USA being 4x and Japan being 9x as efficient. Right now, their government is subsidizing energy costs, to what degree is anyones guess. The net effect of this is transferring a portion of their foreign reserves to energy exporters.

    High energy prices will affect China far more than the US or Europe. Manufacturing based economies are more energy intensive. As long as oil and coal prices stay at sustained levels, I believe this stock market will face continued downward pressure.

    Watch what happens to energy subsidies in China after the Olympics. There might well be energy price protests.

    I don't have the time to delve into the hard numbers and quantify the exact effects to their economy with any accuracy, so if anyone else has done the work, please share!!
    Jun 17 20:45 pm |Rating: 0 0 |Link to Comment
  • How Gas Prices Are Changing Consumer Behavior [View article]
    machinephilosophy Said:

    "Within one year oil will go to $400 and gold will go to over $10,000. A lot of people are in for a big surprise."

    If i knew a lunatic was good for it, i'd be a bettin' man...
    Jun 10 20:54 pm |Rating: 0 0 |Link to Comment
More on DBO by Alex_G
Comments by Ticker
Alex_G's
Comments Stats
111 comments
Rating: 125 (135 - 10 )