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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 366.09-0.1%4:00 PM EST
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To: Wyätt Gwyön who wrote (36078)6/25/2008 11:41:53 PM
From: energyplay  Read Replies (3) of 217549
 
I think that oil may start heading down because of the 2008 Olympics. Let me explain -

Much activity in the Beijing area will shut down July 20 to reduce pollution and allow time for the smog to clear out, and authorities to catch any one ignoring the shut down, before the advance news crews arrive. That will cut energy use in the Beijing area.

For the world,
Olympics start August 8. How many people in Asia, Europe, and the Americas will stay home and watch the games on their big screen TVs instead of using expensive gas to drive to a summer destination ? They Olympics end August 24. During those 16 days, we should see news stories about empty beach side restaurants, reduced road traffic, etc.

So it will be automobiles and high priced gasoline vs. big screen TV entertainment.

One big question will be how much of China slows down to watch.
I expect that for major events with star Chinese athletes, many factories will take at least a short break - unless they want to seem unpatriotic and have an upset work force.

So August ends with considerable motor gasoline inventory everywhere in the distribution systems. Absent a Hurricane in the Gulf of Mexico, where will September's oil go when the product tanks at the refiners get closer to full ?
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