John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Hawkmoon who wrote (9453)	5/23/2008 9:30:22 AM
From: robert b furman	Read Replies (2) of 33421

Hi Hawk, What's going to stop price is a demand reduction. It is happening now and small cars are hot. GM will introduce a new hybrid model every 120 days through 2012. An electric car in 2010. Bush went to Opec not like the news said to beg for more production ,but to warn that demand creation will be killed at existiong prices - not to mention the fast coming technology that will just never need oil again. Thus the need for gouging - another way of locking in long term profits Contango. Those that will get takin to the cleaners will be the speculators - they have been sufficiently demonized ,and at last won't need a bailout. This puppies bloing off and the oil boys are locking in big profits for years. JMHO Bob John we'll go back 5 years from now and enjoy the post.<smile>

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