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Roger Wiegand: Oil Prices Create Industry Havoc

RW doesn't stand for Roger Weigand...it stands for REALLY WRONG. This man was adamant that oil would return to all time highs in OCTOBER! HELLO!!! Everyone in their mother knew about the credit crisis by October, you can't use that as an excuse why you're prediction was so off base...you're supposed to take into consideration macroeconomic factors Roger...

Is the Market for Oil Reinflating?

So you were completely wrong before and now we're supposed to believe anything you say. I think not!

Is Oil Demand Falling Off a Cliff?

OPEC signalling that it might have to cut production only serves to reinforce the sentiment in the market that the oil markets are way oversupplied. That any funds are going long crude oil in this environment is unthinkable.

Global Financial Crisis Makes Oil a Great Hedge

It's impossible for demand to outstrip supply as econ101 clearly states that price fluctuates to equilibrate D and S. Stop just repeating what Pickens is saying on CNBC, there can't be 87mbd demand with only 85mbd of production or we would be eating through all the oil inventories at rapid pace...clearly this isn't the case.

The Professor Of Commodities: Interview with James Doran (Part II)

Amen...

5 Reasons Why the $700B Bailout Could Translate to $250 Oil

Not true. One of the largest oil importers in the world, Japan, has seen oil consumption decline over 8 percent when compared to the previous year. Also, US demand destruction cannot be made up by a combination of China/India demand at any time in the near future. For every 1 percent decline in the US (and we have 5 percent demand declines now) a combined China/India must consume 2 percent more. Clearly China/India are not demanding 10 percent more oil to offset US demand destruction. Even if they could, that still wouldn't justify the massive price increases driven by speculators. Anyone who thinks speculators aren't a primary factor behind this runup only had to look at the hilarious 30 dollar short squeeze spike that CNBC was all to happy say was based on "the fundamentals."

5 Reasons Why the $700B Bailout Could Translate to $250 Oil

Terrible article that somehow uses a $700bn mortgage-backed securities rescue plan to soaring crude oil demand. Even the Treasury Secretary has conceded that this plan if passed will not solve all of our problems and is just one measure to stop of major collapse. Even without such a collapse slow to negative GDP growth is in the cards as evidenced by the cyclical stocks getting murdered in the past couple of weeks. Soaring oil demand is such a funny term because at best it will be up globally 1%...I repeat 1%. And as to OPEC there are massive disagreements between Saudi Arabia and the other members with the Saudis saying they would compensate for any cutbacks from Iran or Venezuela.

Once again I do not see the correlation between a gov't plan to clean up bank balance sheets and an increase in oil demand. Consumers worldwide are in bad shape and this will not be solved overnight by a 700bn investment in MBS.

As Oil Slides, Will Contrarians Turn to Refiners?

Demand destruction for gasoline and other refined products will ensure that margins remain tight for VLO, TSO and others. I would rather just go short energy than try to play it going long refiners.

How Big a Contribution Comes from Oil Speculation?

I think that Mr. Hamilton's assumption that we should be building 1 million barrels per day in inventories ignores the fact that refiners are importing almost 500,000 less barrels per day and relying on existing crude supplies to tide them over until prices drop. If we had reliable data on global oil inventories I think we would see significant builds. Just look at the stories of Iranian tankers being loaded full of oil with nowhere to go (granted its sour crude but still).

Oil Volatility: Not as Wild as You Think

Ill-timed article as crude is up 10 bucks in 2.5 trading days.