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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Archie Meeties who wrote (17667)2/1/2003 7:30:57 AM
From: GREENLAW4-7  Read Replies (1) of 206322
 
Arch I agree 100%, you must now accept that perhaps we are at the top in NG as well as w. Crude. If so it could be a long way down once the unwinding occurs. If I recall one poster on this board, he ranted the exact scenerio we are in and should give us OSX 130-150.

Lets look where we are now, probably close to the top of the draw season perhaps another 3-4 before shoulder season sets in. Looking at crude its at the ceiling of 33-34 BBL perhaps on its way to 36-37 briefly, but if Caracas cracks which I believe America is correcting that problem and with OPEC increase as well as a soft economy, can any tell me how we are not already at the TOP in crude or close and the same for the OSX?

Lets say those Iraq fields get torched, we are already factoring in ZERO IRAQ crude for duration of war. Those fire were put out in kuwait with weeks of wars ending, and an article I read last week said they have perfected the method of putting oil well fires out since 1991. So the bottom line I think at 33 crude is discounting Iraq non-oil.

The most prudent investors and fund managers are looking out 3-6 months maybe even a year. US will have full control of the Iraq Crude and let me say this as clearly as I can, it will be a full throttle. So will be Caracas and so will be Russia. Crude will tank to below $18BBL and the US will finally show some economic growth due to rebuilding ME, and the low crude prices.

All while the OSX make fresh 2 year lows.

Good luck all!
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