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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: kidl who wrote (9108)	9/9/2006 4:49:53 PM
From: Rolla Coasta	Read Replies (1) \| Respond to of 217617

OPEC can control the oil price whenever they want. I don't think oil will drop further to crack $65 or $64. Gold might bounce back up again. Not so sure about silver, copper, zinc ...

To: kidl who wrote (9108)	9/9/2006 5:17:58 PM
From: Maurice Winn	Respond to of 217617

The longer OPEC goes on with such high prices, the more market share they will lose. He's whining about the drop, suggesting cutting production. Silly guy. Unless he gets the price back below $40 a barrel, he'll go on losing market share and income. Even if he gets it back below $40, people won't ditch their nice little car and buy a honking great Ford SUV truck. He has already lost that business. They won't sell their house and move further away from work again, having just moved closer so they could walk, bicycle or catch a bus or train. They will find their new way of life is actually quite nice. Goodbye oil. Mqurice

To: kidl who wrote (9108)	9/9/2006 10:43:45 PM
From: Taikun	Read Replies (2) \| Respond to of 217617

Past OPEC jawboning 'we can supply all the oil the world needs' didnt stop the rise in price so how would jawboning stop the fall? They read the papers and know the housing crash hurts US consumers, if they think they can cut and squeeze more out of a near broke consumer I think theyre mistaken. Ed Yardeni's charts show dropping demand, so cutting is probably required soon anyways. The BP pipeline incident didn't do anything to prices (they fell) so OPEC cutting might not either. I wonder how much speculators unwinding oil positions accelerates the moves to the downside as they did to the upside?