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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Terry Whitman who wrote (9501)5/28/2008 2:01:53 PM
From: The Ox  Read Replies (2) | Respond to of 33421
 
Shhhh... don't tell the traders. It doesn't fit into their plan to run oil to $160.



To: Terry Whitman who wrote (9501)5/29/2008 9:52:15 AM
From: robert b furman  Read Replies (1) | Respond to of 33421
 
Hi Terry,

The demand destruction is only now the result of high prices.

Just wait till the many new technologies begin to slowly but relentlessly further reduce consumption.

It is a long slow transition but it will be relentless.

We're working through peal consumption right now.

Time to sell the big oils IMO.

Bob