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

To: CapitalistHogg™ who wrote (71677)	9/22/2006 2:33:39 PM
From: CommanderCricket	Respond to of 206209

Street, Great admission EDIT: I do believe we have reached peak EASY oil, but there is still plenty of it left in the ground. There's hydrocarbons everywhere! that's not the problem. The clown on Bloomberg last night believing crude going back to $20 - that's the problem. No one in this environment will provide capital for $20 crude. So what we are going to get is everyone wanting $20 crude but no one providing capital for supply because its too expensive. Just keep consuming the easy stuff, then what? IMO the cycles are going to get deeper and come much faster. NG is an example. CC

To: CapitalistHogg™ who wrote (71677)	9/22/2006 2:37:10 PM
From: Big Dog	Respond to of 206209

We will never run out of oil...it will only go up in price. so sayeth His Bigness. big

To: CapitalistHogg™ who wrote (71677)	9/22/2006 2:46:41 PM
From: Helpdesk90	Respond to of 206209

"In late 1993, Metallgesellschaft (MG)-a German trading house-managed to cause oil prices to drop about 30% as long speculative positions were unwound. With the recent news over huge hedge fund losses caused by speculation in natural gas, one has to wonder if history is repeating itself." -John A. Hurd - Pritchard Capital Partners from Jim Sinclair's site jsmineset.com

To: CapitalistHogg™ who wrote (71677)	9/22/2006 3:11:46 PM
From: rayok	Read Replies (2) \| Respond to of 206209

"What the oil bulls are missing is how many SPECULATORS are allowed to play the game. No one has to take delivery, it's all just paper. All these posts about oil 'fundamentals' are really completely irrelevant" Futures are a zero sum game. Every long speculator trade is matched by a short speculator trade. The number of speculators is irrelevant.

To: CapitalistHogg™ who wrote (71677)	9/22/2006 3:29:10 PM
From: patron_anejo_por_favor	Respond to of 206209

>>Think about it, why would environmentalists care about peak oil so much?<< They care because they're concerned we'll switch to less clean alternative, especially coal, to keep the economy going. And they're right....

To: CapitalistHogg™ who wrote (71677)	9/22/2006 9:29:44 PM
From: 8bits	Respond to of 206209

"What the oil bulls are missing is how many SPECULATORS are allowed to play the game. No one has to take delivery, it's all just paper. All these posts about oil 'fundamentals' are really completely irrelevant. They worked with CL going up but it's all about market mechanics on the way down. " If speculators can manipulate the price up can't they manipulate the price down? (Sell, go short, etc..) I personally think speculation has little to do with it in the long run. Too many players. (Oil producers and consumers..) And unlike stock, yes somebody does eventually take those barrels off the market or has everyone stopped driving, flying, using plastic, etc in the world and no one told me about it..? I can believe that some commodities could be manipulated for a while platinum, rhodium, palladium because the number of players is much smaller and the carry costs (storage) are minimal relative to oil. But oil..? Not for long. It's simple we are in shoulder season and the global economy may be slowing down.. and let's look at where prices were in past years, with a few notable exceptions (Katrina, 9/11) prices tend to be higher in January and February than September. Today's pricing takes us all the way back to... the last shoulder season April 2006. tonto.eia.doe.gov