GOPwinger Lies/Distortions/Omissions/Perversions of Truth Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Kenneth E. Phillipps who wrote (77820)	9/12/2006 9:46:22 AM
From: Hope Praytochange	Read Replies (1) of 173976

Bad News...No Hurricanes By Eric J. Fry $75 crude oil seemed relatively cheap...as long as terrorists were bombing oil pipelines in Nigeria, British Petroleum was shutting down rusting pipeline in Alaska, Israel and Hezbollah were lobbing missiles at each other, Iran was insisting on enriching uranium, oil producers were struggling to satisfy surging global demand and hurricanes were threatening to disrupt oil supplies in the Gulf of Mexico. But now that a geopolitical and meteorological calm seems to envelope the globe, $75 crude oil feels a bit pricey...at least for the moment. Indeed, crude's recent steep drop suggests that $65 crude oil might also feel a bit pricey. Would $55 crude also seem overpriced? What about the $45 crude price that many Wall Street analysts are beginning to predict? We would not argue strenuously against this point of view. The long-term bull story notwithstanding, several short-term indicators for crude oil and the rest of the energy complex look increasingly bearish.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next