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Gold/Mining/Energy : Peak Oil, or Oil Bubble? -- Ignore unavailable to you. Want to Upgrade?

To: saveslivesbyday who wrote (218)	10/16/2008 1:37:27 PM
From: Paul Kern	Respond to of 229

Overdone oil selloff, or demand destruction? Maybe a bit of both as in demand is down causing hedgies to sort oil futures creating a distortion. Opec meeting date moved up.

To: saveslivesbyday who wrote (218)	10/16/2008 1:40:40 PM
From: Peter V	Respond to of 229

bobcor noted yesterday that the CRB had broken through support, but it seems to be leveling off a bit today. So maybe commodities, including oil, are bottoming out here. I hope so, since I added more DXO at 6 today. (although I see it has gotten lower again) Although we are driving less, I don't see empty roads.