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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (208198)	12/22/2011 8:48:21 AM
From: Cogito Ergo Sum	Respond to of 312908

IMO if oil goes to 200$ we will be seeing all commodities soar (inflation) unless it is due to the green lobby shutting down or preventing development of more oil/gas... there is no shortage of oil/gas to pull up in the US for a long long time... aside from it killing world economies... (200$ oil) Bakken for example is a massive economic boon and jobs provider for one...

To: NOW who wrote (208198)	12/22/2011 9:40:21 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 312908

For sure, we will eventually have higher oil prices and this will help the sale of EV. But I don't think oil at $200 is in the card this year, at least not for the WTIC. Unless of course, there is some king of major disruption in one of the large Opec producer coupled with major QE's in Europe and USA. I see more $80-$90 for WTIC and maybe $90-$100 for Brent. In North America, I read that the USA became a net exporter of O&G liquids last month. A first in 62 years or so. The trend could continue as the recession progress. Longer term, yes.