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To: RetiredNow who wrote (68050)	6/16/2005 9:19:50 AM
From: Elroy	Read Replies (2) \| Respond to of 77400

I wish this guy would give numerical proof of some of his assertions. "As oil has worked for so long, the financial community is hanging on to this position," he says. Speculative funds have been increasingly active in commodity markets over the past two years and are often blamed by OPEC for keeping prices high. How did he conclude that the financial community has significant impact on the price of oil. I would like to see the numbers that show that speculators are as much a driving force of the oil price as oil consumers. As for OPEC blaming speculators, they'll blame anyone as long as it keeps the price high!

To: RetiredNow who wrote (68050)	6/16/2005 9:21:37 AM
From: Elroy	Respond to of 77400

SINGAPORE (Reuters) - The oil market may be quickly headed for a massive crash as global economic growth slackens, alternative energy gains ground and financial traders sense a price peak, an economist with Morgan Stanley said Thursday. THE DESERT (Roiters) - The oil market may be quickly headed for a massive takeoff as global economic growth accelerates, alternative energy fails to gain ground and financial traders sense the price increases will continue, Elroy said.

To: RetiredNow who wrote (68050)	6/16/2005 9:22:44 AM
From: JakeStraw	Read Replies (1) \| Respond to of 77400

Personally I'd be very surprised if oil were to fall under $45 for any length of time...

To: RetiredNow who wrote (68050)	6/16/2005 5:45:44 PM
From: Sr K	Read Replies (1) \| Respond to of 77400

Where did you see If that happens, large caps will take off in that article on "Oil prices may crash." The author sees a 3-year crash. Andy Xie, Greater China economist in Hong Kong uses terms such as: "a multi-year bear cycle" "the market may panic," and "I believe it could correct in the most speculative fashion -- it could collapse." Do you mean take off to the downside? Or after the multi-year bear cycle? Maybe you look at his view of a bear market in oil, and the negative tax cut effect of the decline. I do not see it in that posting.