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


To: abuelita who wrote (16179)3/30/2007 12:28:32 PM
From: elmatador  Respond to of 218505
 
Oil May Fall on Speculation Iran Tension May Ease, Survey Shows

By Mark Shenk

March 30 (Bloomberg) -- Crude oil may fall next week amid speculation that Iran will enter negotiations to resolve the standoff over the capture of 15 U.K. naval personnel.

Fifteen of 36 analysts surveyed, or 42 percent, said oil prices will decline. Fourteen, or 39 percent, said prices will increase and seven forecast that oil will be little changed. Last week, 55 percent of respondents said prices would rise.

The British sailors and marines were detained by Iranian forces March 23 in the Shatt al-Arab waterway, which separates Iran and Iraq. Britain denies Iran's claim that its service personnel were operating in Iranian waters. The capture of the Britons occurred as the U.S. and its European allies accused Iran of trying to develop nuclear weapons.

Crude oil for May delivery rose $3.75, or 6 percent, to $66.03 a barrel in the first four days of trading this week on the New York Mercantile Exchange. Yesterday's close was the highest since Sept. 8.

The oil survey has correctly predicted the direction of prices 54 percent of the time since it was introduced in April 2004.



To: abuelita who wrote (16179)3/30/2007 5:35:13 PM
From: TobagoJack  Read Replies (2) | Respond to of 218505
 
the situation will be just a tad more dire this iteration of money printing experiment, from a for america to z for zimbabwe, and somewhere in there is the confusion related to i for iran ... enough nation prints, at speeds from 10% on up, all released onto the world at attractive interest rates

something will go wrong ... first, but what, that is the interesting question

take iran for example mises.org , now it issues money with the atomic symbol, a world's first, i think

not good.

recommendation: accumulate coal gas oil uranium silver gold palladium platinum