Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (124530)	5/21/2008 5:42:37 PM
From: saveslivesbyday	Read Replies (1) \| Respond to of 306849

I have 2 thoughts on oil 1) I'm sorry but using fundamentals to rationalize "price targets" is too much like The analysts in 2000 setting the price target in I-net stocks and the stocks running up to those targets in a day or two. Some of it was based on pie in the sky guestimates on future earnings, but a lot of it was simply a manipulation to drive the price up. Do you see the disclosures from those calling for $150-200/barrel oil regarding their positions? Uh, I think not. 2) Why not start a new board: "Peak Oil, or Just Another Bubble?" I can moderate it if this gets some thumbs up.

To: John Vosilla who wrote (124530)	5/21/2008 5:43:41 PM
From: Smiling Bob	Read Replies (1) \| Respond to of 306849

That's an interesting thought. Crash the market and blame it on the prospects of a Dem prez.

To: John Vosilla who wrote (124530)	5/21/2008 5:47:41 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 306849

I guess I'm a starry-eyed fool, but an Obama victory is a long way from a sure thing. Hillary's torpedoes showed that the bittermen will vote against him at even a whiff of radical suggestion. McSame is nutz but not stupid, and he'll try to steer himself into the vacated middle of the road and steal the election via the white blue collar/union type voters. Far too soon to be writing off oil on the back of an Obama victory, IMO. Plus, it ain't like demand is gonna drop through the floor just because he's elected. It would be bad for US refiners, service companies and integrated ("Big") oil companies, but probably good for those headquartered and producing offshores (i.e, Canada). I expect the price of oil to hit $200/bbl by this time next year no matter who gets elected.