saifl

Options Trader: Thursday Outlook

seekingalpha.com/artic...
This is hilarious.
By the way, do you know how much you can buy oil for in Dec 2012? $67.38 for guaranteed delivery of as much oil as you want. Where is T. Boone Pickens? This is 5 years past his peak oil $200 prediction, he should have a billion contracts at this price shouldn't he? Come on T Boone, let's put some money where that mouth is!"

So much bullcrap there and the price of oil has doubled. Mr Penguin continues to huff and puff. In 2 years it will double again and then again moron phil will talk the same BS.
World oil production is flat for about 3 years now (your fav EIA and IEA stats) with demand rapidly rising in the emerging economies.