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.

Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (41455)	4/6/2005 4:59:21 PM
From: MIRU	Read Replies (1) \| Respond to of 206325

R: inventories - Slider, I share your incredulity. However, Boone has spoken. He says that by the 4th Q demand will be at a seasonal high of 87 MMBPD and supply maxes out at 84. So we need the inventory build. It looks like oil will start trading like NG, with big storage/inventory requirements and price spikes due to weather in addition to runups caused by political trouble in exporting countries. The CIBC report making the rounds looks about right doesn't it?

To: SliderOnTheBlack who wrote (41455)	4/6/2005 7:39:03 PM
From: CommanderCricket	Read Replies (1) \| Respond to of 206325

Slider, I play safe for me and you because I'm no fool.... As you believe the lemmings here are all stupid, you must be shorting this crazy, unbelievable run up on hype and speculation? If your so sure this is one big cluster f&**k and it's all coming down, it's time to clean up and start shorting, or are you try to save us from ourselves? Let us know when to turn the lights out. In the mean time, I'll continue play the trend up. The bug

To: SliderOnTheBlack who wrote (41455)	4/6/2005 7:58:07 PM
From: CommanderCricket	Read Replies (1) \| Respond to of 206325

Slider, Let this bug try to answer your questions - all in my jaded opinion. 1. We are in a new era/super spike - Demand Driven Cycle. No - I don't believe we are, however supply is much tighter now than it has been as OPEC no longer has millions of bbls of spare capacity, specifically light crude. 2. We have arrived here and now - into PEAK OIL production and supply rollover ala Matt Simmons rehash of Hubberts Peak for the 3rd consecutive Oil Cycle. No - We have not arrived at peak oil for crude, however we are very close for light sweet. Plenty of medium and heavy crudes available. 3. We have a Global Refining Crisis....a Crisis I say ! No - we do not have global refining crises. It's tight but price will resolve this problem as more refineries retool to handle heavier crudes. 4. We are damm lucky the government starting filling the SPR back when oil was in the 30's instead of now. We'll need that oil someday. And finally, regarding the speculative bubble? No way! not even close... Ask me again next year The bug

To: SliderOnTheBlack who wrote (41455)	4/6/2005 10:37:21 PM
From: Webster Groves	Read Replies (1) \| Respond to of 206325

Mr. Black, I appreciate all the extra effort you are putting out to keep the lemmings from running over the cliff. I would agree with you 100% except for the fact that I am a lemming myself. True, I'm up 100% over the past 18 months, but that is because I am a lemming and not a rational creature. The facts as you state them are irrefutable. The precarious situation of the US economy is also quite apparent, as you so diligently point out. But what can I do, every day my account grows without ever so much as a ounce of effort on my part. Please keep up your admonitions and eventually us lemmings will get the point. The stock market would sure be a lot more understandable if logic and truth prevailed. It would also be a lot less fun. Since I will continue trading stocks instead of "facts", I'll probably be left out to dry some day. But on that day I'll only be down 10% from my peak. Thanks G_d for trailing stops. Until then give 'em _ell, Mr. Black. wg P.S. I'm not going to the bank right now, but I still can't keep from laughing.

To: SliderOnTheBlack who wrote (41455)	4/10/2005 4:36:58 AM
From: croesus1111	Read Replies (1) \| Respond to of 206325

I think you posted something on this Slider, but the rising inventories will only have an effect on the price of oil if the companies that refine the oil actually deliver it. Those major oil companies have been willing to collude in the past to keep oil prices high. Why shouldn't they collude now? Ken Lay is still not in jail, last time I looked. The only reason anyone went to jail is that Enron and Worldcom went bankrupt. Exxon Mobil is not going bankrupt.