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

To: tejek who wrote (26765)	6/23/2011 8:34:21 PM
From: The Reaper	3 Recommendations Read Replies (1) \| Respond to of 119360

From what I'm reading this "fix" is supposed to send a message to OPEC that the IEA will release oil whenever it feels the price is too high. The problem is that the SPR is a finite supply that we can't fill on our own. If you're going to pick a fight with somebody, make sure you have the bigger stick. If OPEC decides to "fix" us, you can rest assured that our lifestyle will be forever changed. These guys making these decisions are playing with fire.

To: tejek who wrote (26765)	6/23/2011 9:20:00 PM
From: TH	13 Recommendations Read Replies (2) \| Respond to of 119360

<and this artificial speculation is hurting the global/the US economy. It has to stop.....one way or the other. This president does not move quickly. He thinks everything through and then gets others to go along with him. Thanks to that collective effort crude went down $4 today. Success!> LOL. Or double ROTF. Seriously, you don't know shit. You are funny. And the sad part is that I know you actually believe that crap. Well, you are someone's demographic wet dream. Oh, and it is not that we are pessimists. No, that is not it at all. But, it is easy to label it that way. GT TH

To: tejek who wrote (26765)	6/29/2011 10:08:58 AM
From: DebtBomb	1 Recommendation Read Replies (2) \| Respond to of 119360

Frank Holmes: Three Reasons $100 Oil Is Here to Stay ..By Stacy Curtin \| Daily Ticker – 2 hours 38 minutes ago.. . Oil prices are currently trading just around $90 a barrel, down from the recent triple-digit highs of the first quarter. But despite the recent signs of weakness in oil prices, gone are the days of $20, $30 or even $40 a barrel, says Frank Holmes, CEO of U.S. Global Investors. (See: "Straight-jacket Time": Dow, Crude Tumble After Obama Releases Strategic Reserves) Holmes believes $100 oil is here to stay. Here are his three big reasons why, as laid out on U.S. Global's website: #1) Long-Term U.S. Dollar Weakness (Due to Fiscal Crisis in Washington): "Even if Washington decided on a comprehensive plan to fix entitlement overspending, trim defense spending and reduce the U.S. deficit today, it would take years to see any meaningful shift in these figures. Therefore, we feel the recent uptrend in the U.S. dollar is a short-term reprieve from a long-term downtrend." #2) Emerging Market Demand Outpacing Developed Market Demand: "While developed world demand has struggled to retrieve its previous strength, emerging markets have captured a significant share of global demand over the past three years. Emerging market countries have narrowed the oil usage gap between developed and emerging markets from roughly 12 million barrels per day in 2007 to just 4 million barrels per day as of late 2010." #3) Reserves in Geopolitically Unstable Regions: "Over the years, the proximity of oil reserves to unrest has led to a reduction in global spare capacity or the excess amount of oil that can be produced, if desired, to meet demand. When the turmoil broke out in Libya, the general consensus was that Saudi Arabia's spare capacity would be more than enough to meet market demand. That hasn't been the case as Saudi Arabia has moved to calm its own population to prevent unrest. The result is little wiggle room to meet demand should we experience a boom in demand or an event disrupting production. In general, these supply/demand dynamics support historically high prices." In his view, there is only one way oil prices could ever hit what were once considered "normal" levels, he tells Aaron and Henry in the accompanying interview. "I think that is really difficult [for oil prices to fall] unless there is a significant breakthrough in technology [and] in the use of energy [or] repositioning of energy." finance.yahoo.com