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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Archie Meeties who wrote (153764)	7/7/2011 11:32:33 AM
From: CommanderCricket	1 Recommendation Respond to of 206181

Archie, I don't think crude is going to be range bound for much longer. We've got finished product shortages showing up in Asia and the Middle East with both diesel and gasoline. The once hyper bearish IEA has been pounding the table for several months that demand is greater the available by 2 - 2 1/2 million bbls a day for the next two quarters. Unless the Saudi's start pushing more crude onto the market ASAP, we're going to see global inventories continue to decrease dramatically. Crunch time is here and in my opinion, the general market hasn't quite figured it out yet. Michael The airline short play continues to pay off.