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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 (33934)10/13/2008 12:14:54 AM
From: Turbodiesel  Respond to of 207865
 
theres a huge line up in the oceans now.....thousands of huge tankers loaded with oil with no where to go are floating around the oceans with no takers in site.......

o.k., I'm sorry... but I have to call you on that.... provide a link or some other proof....

I'm with ya that oil's going to 40 (at least), but I doubt THOUSANDS of tankers are loaded with nowhere to go.

You know... crude does "sour", then it's only good for heating oil....



To: da_cheif™ who wrote (33934)10/13/2008 8:32:06 AM
From: robert b furman  Read Replies (1) | Respond to of 207865
 
Hi Chief,

I'm not sure about the tankers floating around full.

But I am sure they have huge money needs from all of their fancy real estate projects.

To live in a desert and make it a model community takes BIG BUCKS.

You know at every bubble genius are made and this will go on forever.

This is the culture of greed and euphoria.

Now the greedy pissants will cheat amongst each other to keep the good feeling going.

What they don't know is that within 12-18 months the coming of the electric car, shall slowly but relentlessly put N.American oil demand on a slow but steady decline for decades.

Bob