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

To: CalculatedRisk who wrote (37349)7/31/2005 12:36:22 AM
From: mishedlo  Read Replies (2) | Respond to of 110194
 
Put me down for sub-$40 oil in 2 to 3 years.

I'll be the first to admit that is an easy one to get wrong. But I think if the US goes into recession, oil prices will drop ... but it might be dropping from $80!

Bingo!
and let me add, 40 before 80 unless there is a geopolitical disaster of some kind. If we do see a spike on a geopolitical basis, oil will be a huge SHORT.

Mish



To: CalculatedRisk who wrote (37349)7/31/2005 11:42:41 AM
From: Ramsey Su  Respond to of 110194
 
Put me down for no chance we will see sub-$40 oil again.

Reason 1; I find this report quite objective. It was posted here or somewhere on SI a few months ago.
hilltoplancers.org

Reason 2: Yes, we may have not only a US recession but also a global recession, and yes, oil demand will drop. However, I suspect if that is the case, fragile oil producing countries especially Saudi is going to implode, greatly reducing the supply.


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