jamookey

Irrational Pricing in Crude Oil

SDUYCK,They have no choice.They will pay3,4,5 who knows how high it will go.What do you suggest that they quit their jobs?Stop taking their kids to soccer games?Buy fuel efficient vehicles?None of these things are going to happen.And what you forget is that the Chinese need billions of barrels of oil just to build all the roads they are planning so their citizens can do the same.Watch.

Irrational Pricing in Crude Oil

They aint finding any new major fields.Maybe the author should study crude before he makes any more dumb remarks.Whether the economies of the world recover this year or next,crude is being depleted.quickly.We all saw how the fast the world will ramp up consumption.Should we wait until this bozo says..
'well I guess I was wrong.."He is probably short oil and is getting killed.Should we also stand around with our crying towels?

It's the Oil Price, Stupid!

The author is correct.The idiots that bought homes they could not afford were not forced to do it.We have no choice as to whether we buy gasoline or not.When oil spiked and gas rose to 4.50 per gallon they realized they could not afford to go to work AND make thier rising mortgage payments(ARMS).So the downward spiral began.If we look back at the 70's it was inflation that was the enemy,caused by high oil prices.We still have the inflation ahead of us,and it will be much worse that the 70's.

Oil Prices Will Stay Where They Are - FirstEnergy

Jonathan you make a good point.Production goes lower each qtr.Look at the quarterly reports from the big integrated companies.Each qtr they post lower production,sometimes only 1-3%,some have reported drops of 5%or more.This tells me they are running out faster than they lead the public to believe.Since their are no new major fields coming on line,and none being found,well you can draw your own conclusion.Sadly they bozos at ALPHA still have not understood how lower production will drive prices.Not to mention that Israel is going to hit Iranian nuclear facitlities,and soon.They did before back in the 70's when they attacked Iraq's nuclear reactors.I guess shorters want to get their way,so I suppose we will hear more of the same from ALPHA.

Oil Is Years Away from a Meaningful Recovery

Another fart in a high wind storm.The last article written by one of these ALPHA bozos compared oil stocks to the dot-com stocks of the '90's.Does ALPHA have any writers with a clue as to how energy works?Reading ALPHA has become a waste of time.

The Good, The Bad, And the Inaccurate Oil Forecasts

First, as long as populations grow on this planet,oil use will rise.The other side is that markets for commodities along with stock markets,can and are being manipulated.What has really changed since oil rose to 148+?Is Iran suddenly no threat?Have they just located a new oil field just ready to be tapped?Diminished demand...for how long?With gasoline at 1.75.per gallon will use continue to drop off?Not likely.The next run -up in oil is just around the corner.