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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Wyätt Gwyön who wrote (63081)6/8/2006 8:52:46 AM
From: gregor_us  Read Replies (2) of 110194
 
What's Interesting WG (Darf.) is How quickly the CL Futures Market

learns (is learning) that Iraq and Iran are not the large, structural pilings beneath price of crude most had assumed. I noticed in your exchange with Lance Lewis some time back, that when challenged to quantify the premium(s) myth in the price of oil, he retreated quickly to a concensus argument(flaw): "C'mon, everyone agrees the premiums are there."

So it's been interesting, imo, to watch "iran" basically get taken "out" over the last 6+ weeks, while everyone is convinced it's still "there." This AM, CL is stubborn at 70.00.

Regards,

LP

PS: I really do need to read some Gaddis.(sp.)
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