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1 Comment
Crude Oil Inventories [view article]
Peak oil fundamentals will certainly drive oil prices at the macro level, but in between, the markets will certainly go up and down and will not do so rationally. The oil markets will undulate with fear and greed. and while oil demand is generally going to increase faster than supply, the effect of high oil prices is going to wrak havoc on the OECD economies and demand will rise and fall as a result.Both Kezorem and Crossing the T are right. Crossing the T is channeling Mark Steyn and he gets a big hell yea for that. Kerzorem is channeling Matt simmons and he gets a big hell yea for that.
I am short oil now, but I'll go long at some point. Same with Gold. I agree with you all about the fundamentals, but I'm going to play the stochastic moves in the meantime.
A little leprachaun once told me " Steal twice as much as you need, or you'll never have enough. Amen. May 01 01:26 PM