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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Cogito who wrote (70538)	6/3/2008 8:47:41 PM
From: Bearcatbob	Read Replies (2) \| Respond to of 542841

"Speculative buying has been cited " Allen, People reading this thread could honestly say that global warming has been cited as a hysterical mania. The statement would be true. The fact that I was the person making the comment would be irrelevant to the truth of the statement. Don Coxe has written a good deal lately about speculation as a price cause. He says to watch the futures for contango - ie - future prices are higher than spot prices. When futures are higher people are not in for flipping. When oil hit $135 I figured that was the blowoff top. I am long DUG and have sold some of my positions - which of course went higher. It will be interesting to see where the price settles in. A world recession would do a lot to drop the price.