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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: The Reaper who wrote (176659)	1/12/2009 9:58:33 PM
From: neolib	Read Replies (1) \| Respond to of 306849

I have no third explanation. But in summary either the oil exporters are diabolically desperate for cash (and their economies are about to totally fail) or OPEC is lying about oil capacity and they are really constrained – or a combination of the above. If anyone has a third explanation I am really keen to hear it. It seems to me there is a very obvious third explanation, and I'm curious why this gentlemen overlooked it. I would assume he thinks it so improbable as to be not worth considering. The third explanation is that the oil producers think the contango is an illusion and that those buying oil "cheap" now to sell for more later will in fact not get a higher price in the future.