G. L. Turner

Oil: Slippery Road Ahead

Well, Tim, you say that the article treats the US as being in isolation. Yet, the traders seem to treat the US INVENTORIES as if they represent the Entire Global INVENTORY and Demand status. So, we can't say that Chinese demand can rock the global energy market as much as we discount the US drama. Why do we go nuts with each US inventory report as if it was the main determinant of price globally, especially when they are opposing trends and statistics??....THAT IS, unless you are the golden boys of WS and ABSOLUTELY NEED to get your Nov. long positions covered along with those swaps you guaranteed to give the pension funds you induced into going ridiculous long in the Com. Index Funds....you betcha you are scrambling to make good on 'getting that price of oil up" to $147 by November.

When the traders and funds realize that anything over $90, even in the midst of geo-tensions and a mystery tropical storm that is dead on the Atlantic side of Fla. but still lives vividly in the minds of traders as if it had already hit LA. after crossing land 3 times, we might see sanity return and the debate about s/d fundas being out of sync as being untrue.

I am so amazed at the blatant naivety of most of these players....and how they are now, once again trying to pull the IVs out of the goose that we finally rushed to the hospital in July...thought there was some hope...Hmm, maybe not!
Y