Silicon Investor (SI) -- The First Internet Community

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.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: XBrit who wrote (19746)	10/10/2004 4:55:19 PM
From: yard_man	Respond to of 110194

I guess we have different views on short term, medium term and long term influences on the price of crude. Long run and intermediate run forces for oil prices, I believe, are going to establish a price that was higher than when we started with the maneuvers in Iraq -- there is going to be a new level of support. Question is: Are there dynamics in the market that have pushed the price of crude above that new level of support?? Neither one of us can know this with certainty, but I think there are reasons to expect that the world's economy will be slowing soon and that the price of crude will reflect this slowing. I also think -- just my opinion -- that there is always overshoot when a commodity establishes a new long/intermediate level. I think we have already seen this with natural gas ... eia.doe.gov I think oil is not in a parabolic rise for years on end yet -- there will come a time when there is a parabolic rise -- almost non-stop. We aren't there, IMO.