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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures

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To: TFF who wrote (8072)	10/17/2005 8:52:43 AM
From: robert b furman	Read Replies (2) of 12411

Oil is far from short supply. Increased prices have spurred additional investment and supply is/will come to the market. With 60-70% of the gulfs oil/gas off line - why is there no shortage? Recent price spike in ebergy is manufactured by NYMEX instead of Opec turning off spigot. Energy will stay higher after defying all forms of inflation for the last 10-15 years. Tropical storm Wilma is now being blamed on today's 1.30 rise in crude - it isn't even a hurricane yet and it is expected to go up the east coast IF it developes and crude is up big. This is HOKUS POCUS.This summer I was driving back from Louisianna and crude was up due to a barge hitting a bridge on the Sabine River. I know the Sabine river - these fear spikes are very well coordinated manipulation. When oil is so high and it is obvious that it will never go down - it will crash leaving the inexperienced investor holding future contratcts of crude with no capability of taking delivery. This is the death spiral I see coming. Demand has already been destroyed by price and supply is well on its way. One very nice find in oil just coming onstream now is the oil coming off of Africa's Congo river delta. Oil is every where - it is bubbling up to the ground in ANWR. The environmentalist (well meaning) have been funded by oil companies (not well meaning except a profit motive) to prevent new supply. That IS a oil spigot turned down situation just as obscene as Opec. Its all fluff IMO Bob

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