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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: da_cheif™ who wrote (33028)	9/30/2008 8:04:31 AM
From: gregor_us	Read Replies (1) \| Respond to of 206773

I'll be happy to explain why that can't happen either. You know what, in a way, even as a decade long oil bull, I almost wish oil could go to 40.00 on the back of a wave of supply, from the producers. But all the producers are experiencing surging domestic demand. Especially Saudi. They (russia and saudi) don't have the capacity to swing supply away from domestic consumption to the export market--in the kind of volumes you would need to take prices down to 40.00. The key idea: we can't go back to anything that resembles the past in the global oil market because the changes are too large in magnitude and the structure of those changes are too firm. They are immoveable. Global collapse of the industrial economies, however, would get oil much lower. No doubt. But I am talking major collapse. G