Oil Sands and Related Stocks Message Board

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Gold/Mining/Energy : Oil Sands and Related Stocks

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From: timis	3/1/2006 2:19:36 PM
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Energy sector down in March? Well,this year might be different.All of the following are just in my opinion. First. Iranian fear factor is still weighing upon the market. It's clear Iran wants to build a bomb and Israel can't afford that.Couple that with fear factor from Nigeria and Venezuela and OPEC likely oil price cut enough to maintain current oil prices. Second. Iran will open an oil bourse this month denominated in euro and USA can't afford that. Third. Most energy charts are already near or at the bottom and due for a rebound. As soon as the market will realise there's a chance for oil price to stay the course we might see a rebound. Fourth federal reserve decision to stop March 23rd M3 publishing.Why?.Because they can not afford dollar going down and want to flood US market of liquidities .Currently FED is printing money like there's no tomorrow.

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