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

To: Bearcatbob who wrote (70573)	6/3/2008 10:08:21 PM
From: Steve Lokness	Read Replies (1) \| Respond to of 542941

Bob; When oil hit $135 I figured that was the blowoff top. I am long DUG What happened to the trainwreck? If the world has plenty of oil and the price is coming down - as you clearly suggest here - why would you ever criticize someone who wants to favor renewable energy? Keep our oil for when the rest of the world runs out. steve

To: Bearcatbob who wrote (70573)	6/3/2008 11:53:44 PM
From: Cogito	Read Replies (2) \| Respond to of 542941

Bob - I was going to add emphasis to the paragraph I quoted in order to make it clear which part I thought was important, but I decided it would be obvious. Apparently not. Of the two sentences I quoted from that article, this was the one I considered to be the more important: "With global stock markets still weak compared with the robust gains of the past few years, many investors see better potential for gains in the oil market." You know, it's within the realm of possibility that Don Coxe is wrong. I realize it's heresy to suggest that, but I've never been afraid of damnation, so there you go. Supplies of oil are equal to demand. There is no great imbalance that would explain the doubling of crude prices in one year. - Allen