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post #1 of 57 (permalink) Old 08-06-2008, 11:27 AM Thread Starter
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Denny could be paying up

Sooner than he thinks.

Oil down 2 bucks to 117 as inventories are up more than expected.

"Oil tumbles on surprise jump in supply
Crude futures fall nearly $2 a barrel after the government reports that inventories rose more than expected."
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post #2 of 57 (permalink) Old 08-06-2008, 11:29 AM
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Originally Posted by NaSSty Nate
Sooner than he thinks.

Oil down 2 bucks to 117 as inventories are up more than expected.

"Oil tumbles on surprise jump in supply
Crude futures fall nearly $2 a barrel after the government reports that inventories rose more than expected."
Nah... I'm good for now.
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post #3 of 57 (permalink) Old 08-06-2008, 11:34 AM Thread Starter
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Originally Posted by Denny
Nah... I'm good for now.
for now...

Where are all those people betting $5 a gallon gas by labor day and the speculators claiming $200 a barrel was nearing!
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post #4 of 57 (permalink) Old 08-06-2008, 11:35 AM
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Originally Posted by NaSSty Nate
for now...

Where are all those people betting $5 a gallon gas by labor day and the speculators claiming $200 a barrel was nearing!
I'm not going to go there either, but things should be doing a U-turn around the time I'll be home for a week or so.
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post #5 of 57 (permalink) Old 08-06-2008, 11:37 AM
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I believe it was $15/gal gasoline...

And I bet neither has to pay by the 12/31 deadline.
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post #6 of 57 (permalink) Old 08-06-2008, 11:37 AM
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Imagine that.

Oil Falls After U.S. Supplies Increase, Fuel Demand Declines

By Margot Habiby

Aug. 6 (Bloomberg) -- Crude oil futures fell after a U.S. government report showed an unexpected increase in inventories and an extended decline in fuel demand.

Crude supplies rose 1.61 million barrels to 296.9 million barrels in the week ended Aug. 1, the Energy Department said today in its weekly report. Inventories were forecast to fall 200,000 barrels, according to the median of analyst estimates in a Bloomberg News survey.

``The market focus is shifting back toward the direct oil fundamentals, such as how's demand, where's supply and where are inventories?, and away from some of the wider issues like what's the Federal Reserve Board doing with interest rates,'' said Tim Evans, an energy analyst with Citi Futures Perspective in New York.

Crude oil for September delivery fell $1.62, or 1.4 percent, to $117.55 a barrel at 11:35 a.m. on the New York Mercantile Exchange. It has fallen more than 20 percent since reaching a record $147.27 a barrel on July 11, the definition of a bear market.

U.S. fuel demand averaged 20.1 million barrels a day during the four weeks ended Aug. 1, down 2.6 percent from a year earlier, according to Energy Department data released today.

The Energy Department released its weekly supply report at 10:35 a.m. in Washington.

Oil rose as high as $120.49 a barrel earlier after the U.S. State Department said world powers have agreed to pursue further sanctions against Iran.

The U.S. and other permanent members of the United Nations Security Council reached the decision after receiving Iran's response to an incentives package aimed at persuading the Persian Gulf country to suspend uranium enrichment, Gonzalo Gallegos, a State Department spokesman, told reporters in Washington.

`No Choice'

``We have no choice but to pursue further measures,'' Gallegos said, calling Iran's response a ``stalling tactic.''

Oil also rose after a Turkish section of a BP Plc-led pipeline for Azeri crude was shut by an explosion. The cause of the blast and the timing of the resumption of flows were unclear, a spokesman at the Ankara-based Energy Ministry said.

``It's a huge pipeline and European consumers' dependency on it is increasing,'' said Hannes Loacker, an analyst at Raiffeisen Zentralbank Oesterreich in Vienna. ``After dropping $30 in four weeks it's easily possible for things like this to increase prices.''

BP spokesman Robert Wine in London said there is no impact on exports from Ceyhan and that the company is starting up another pipeline from Baku as an alternative export route. BP and its partners shipped almost 1 million barrels a day through the Azerbaijan-Turkey link in May.

The Baku-Tblisi-Ceyhan pipeline may reopen next week after repairs, which will take ``a few days,'' said Mehmet Akif Sam, a spokesman for the Energy Ministry.

Brazil Project

Chevron Corp. and its partners may be forced to delay the start of a $2.8 billion oil project in Brazil by three months because a platform and rig will be delivered behind schedule.

Production at the offshore Frade field in Brazil may only begin in March and reach a peak of about 100,000 barrels a day in two years, said officials at one of the project partners, who asked not to be identified before an announcement. ``If there are any more delays, March sounds right,'' said Luis Felipe Reis, Chevron Brasil's communications manager.

Brent crude for September settlement fell $1.55, or 1.3 percent, to $116.15 a barrel on London's ICE Futures Europe exchange. Earlier, it touched $115.60 a barrel.

To contact the reporter on this story: Margot Habiby in Dallas at [email protected].

Last Updated: August 6, 2008 12:07 EDT

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post #7 of 57 (permalink) Old 08-06-2008, 11:37 AM
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Quote:
Originally Posted by 46Tbird
I believe it was $15/gal gasoline...

And I bet neither has to pay by the 12/31 deadline.
It'll go to the closest.
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post #8 of 57 (permalink) Old 08-06-2008, 11:40 AM
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Quote:
Originally Posted by 46Tbird
I believe it was $15/gal gasoline...

And I bet neither has to pay by the 12/31 deadline.
Closest to the pin on 12/31. Unless it sits at 125.00 someone gets paid.

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post #9 of 57 (permalink) Old 08-06-2008, 11:42 AM Thread Starter
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Quote:
Originally Posted by 46Tbird
I believe it was $15/gal gasoline...

And I bet neither has to pay by the 12/31 deadline.
Care to place a wager with the same stips...100 I win, 150 you win...

Closest to the pin on 12/31?

$50/100/150$?
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post #10 of 57 (permalink) Old 08-06-2008, 11:44 AM
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Originally Posted by 01WhiteCobra
Closest to the pin on 12/31. Unless it sits at 125.00 someone gets paid.
Something tells me if I don't pay by Sept 30th, you're going to have a good race on your hands
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post #11 of 57 (permalink) Old 08-06-2008, 12:11 PM
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Originally Posted by Denny
Something tells me if I don't pay by Sept 30th, you're going to have a good race on your hands
LOL.

Now here is a bet!

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I don't share Matthew Simmons's angst, but I admire his style. He is that rare doomsayer who puts his money where his doom is.

After reading his prediction, quoted Sunday in the cover story of The New York Times Magazine, that oil prices will soar into the triple digits, I called to ask if he'd back his prophecy with cash. Without a second's hesitation, he agreed to bet me $5,000.

His only concern seemed to be that he was fleecing me. Mr. Simmons, the head of a Houston investment bank specializing in the energy industry, patiently explained to me why Saudi Arabia's oil production would falter much sooner than expected. That's the thesis of his new book, "Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy."

I didn't try to argue with him about Saudi Arabia, because I know next to nothing about oil production there or anywhere else. I'm just following the advice of a mentor and friend, the economist Julian Simon: if you find anyone willing to bet that natural resource prices are going up, take him for all you can.

Julian took up gambling during the last end-of-oil crisis, in 1980, when experts were predicting a new age of scarcity as the planet's resources were depleted by the growing population. Julian had debunked these fears in "The Ultimate Resource," the bible of Cornucopian economics, which showed how human ingenuity had kept driving down the price of energy and other natural resources for centuries.

He offered to bet the pessimists that oil or any other resource they chose would be cheaper, in real terms, at any date they picked in the future. The ecologist Paul Ehrlich, author of "The Population Bomb" and "The End of Affluence," took up his offer and chose copper, tin and three other metals worth $1,000 in 1980.

When the famous bet was settled 10 years later, the value of the metals had declined by more than half. As usual, people had found new ways to get the metals as well as cheaper substitutes, like the fiber optic cables that replaced copper telephone wires.

After collecting his winnings, Julian expanded his challenge, offering to bet anyone on any other resource price or measure of human welfare. Julian, who died in 1998, never managed to persuade Mr. Ehrlich or other prominent doomsayers to take his bets again. But now we have a braver prophet in Mr. Simmons.

I proposed to him a bet using what Julian considered the best measure of a resource's value: how it compares with the average worker's wage. I offered to bet that the price of oil would not rise faster than the average wage, meaning that future workers would be able to afford oil more easily than they could today.

Mr. Simmons said he favored a simpler wager, based on his expectation that the price of oil, now about $65 per barrel, would more than triple during the next five years. He said he'd bet that the price in 2010, when adjusted for inflation so it's stated in 2005 dollars, would be at least $200 per barrel.

Remembering a tip from Julian, I suggested that we use the average price for the whole year of 2010 instead of the price on any particular date - that way, neither of us would be vulnerable to a sudden short-term swing as the market reacted to some unexpected news. Mr. Simmons agreed, and we sealed the deal by e-mail.

The first person I told was Julian's widow, Rita Simon, a public affairs professor at American University. She was delighted to see Julian's tradition carried on and thought the bet sounded so good she wanted a piece of the action herself.

With Mr. Simmons's approval, we arranged for Rita and me to split the wager, with each of us putting up $2,500 against Mr. Simmons's $5,000. (Note to accounting department: I'm aware that my expense account doesn't cover gambling. I'm using my own money.) All the money is being put into escrow in a joint account; the winning side will collect the $10,000 plus any accrued interest on Jan. 1, 2011.

I realize this isn't a sure thing, because the price of oil has risen before - it quintupled in the 1970's. But then it dropped, thanks to new discoveries and technologies, validating the Cornucopians' optimism.

So I figure the long-term odds are with me. And while I'm at it, I'll extend Julian's challenge and consider bets from anyone else convinced that our way of life is "unsustainable." If you think the price of oil or some other natural resource is going to soar, show me the money.

Email: [email protected]

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post #12 of 57 (permalink) Old 08-06-2008, 12:43 PM
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100 a barrel and 3.00 a gallon fuel by nov 1


write that down

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Jester, your posts do the same thing as going to a county fair, you really make people think "Hey, I'm not so fucked up after looking at that guy!"
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post #13 of 57 (permalink) Old 08-06-2008, 12:51 PM
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100 a barrel and 3.00 a gallon fuel by nov 1


write that down
If so, I'll buy you one of those cheap beers you're holding in Dannys pic.


David
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post #14 of 57 (permalink) Old 08-06-2008, 03:06 PM
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If so, I'll buy you one of those cheap beers you're holding in Dannys pic.


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duly noted.

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Jester, your posts do the same thing as going to a county fair, you really make people think "Hey, I'm not so fucked up after looking at that guy!"
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post #15 of 57 (permalink) Old 08-06-2008, 04:12 PM
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December 100 put options looking pretty strong at the moment. The 110 December put options aren't as strong meaning that traders think the price will be between 100-110 in December. More than 3 to 1.

I was pretty close when I gave it my 70% chance of hitting 100.

Last week for every bet there was for the price of oil to increase there were 10 bets it was going down.

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post #16 of 57 (permalink) Old 08-06-2008, 04:18 PM
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Originally Posted by NaSSty Nate
for now...

Where are all those people betting $5 a gallon gas by labor day and the speculators claiming $200 a barrel was nearing!
I'm one that thought $5 a gallon was coming. $200 oil, I don't know. We need to get by this little bump in the road with Iran before I'll totally give up on a huge spike. Is it likely, no. Possible? Yes.

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post #17 of 57 (permalink) Old 08-06-2008, 04:29 PM
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I'm one that thought $5 a gallon was coming. $200 oil, I don't know. We need to get by this little bump in the road with Iran before I'll totally give up on a huge spike. Is it likely, no. Possible? Yes.
That is my thoughts on this whole deal, we are still going over bumps and even with the market making a slight turn there is always that "hurricane" that can occur and shoot this thing back to around $150 or higher. Market is still in a bubble and just because it is deflating doesnt mean it is going to pop just yet.

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post #18 of 57 (permalink) Old 08-06-2008, 04:32 PM
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That is my thoughts on this whole deal, we are still going over bumps and even with the market making a slight turn there is always that "hurricane" that can occur and shoot this thing back to around $150 or higher. Market is still in a bubble and just because it is deflating doesnt mean it is going to pop just yet.
I heard a guest on talk radio this morning (Beck's show), saying he feared Israel going after Iran, and it easily leading to $300 a barrel oil, if they sent in missiles. Sounded pretty realistic to me...

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post #19 of 57 (permalink) Old 08-06-2008, 05:23 PM
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ah... those of so little faith... have I ever led you astray before?

Dollar is at 8 week highs against the Euro and Oil is at 7 or 8 week lows. Until the dollar loses its current steam oil is going no where but down. Given the fear of a global economic slowdown the dollar, for whatever reason, is still considered "safe haven."

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post #20 of 57 (permalink) Old 08-06-2008, 05:38 PM
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Originally Posted by 01WhiteCobra
ah... those of so little faith... have I ever led you astray before?

Dollar is at 8 week highs against the Euro and Oil is at 7 or 8 week lows. Until the dollar loses its current steam oil is going no where but down. Given the fear of a global economic slowdown the dollar, for whatever reason, is still considered "safe haven."
Don't forget precious metals are flopping like dead fish. Gold, Silver, Platinum are all down.

So those hedges aren't doing so hot against our rapidly-strengthening dollar.

o1wc, I believe.




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post #21 of 57 (permalink) Old 08-06-2008, 05:46 PM
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Don't forget precious metals are flopping like dead fish. Gold, Silver, Platinum are all down.

So those hedges aren't doing so hot against our rapidly-strengthening dollar.

o1wc, I believe.
Haha.

Yea the entire commodity range got bitch slapped this month.

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post #22 of 57 (permalink) Old 08-06-2008, 05:46 PM
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Quote:
Originally Posted by NaSSty Nate
for now...

Where are all those people betting $5 a gallon gas by labor day and the speculators claiming $200 a barrel was nearing!
I have to admit, I was one of those people. I am GLAD that I was wrong!
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post #23 of 57 (permalink) Old 08-06-2008, 05:49 PM
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I have to admit, I was one of those people. I am GLAD that I was wrong!
Hey man, me too. I'm just afraid to think we're already in the clear. All it takes is one mad little jew to send a nuke into Tehran, it's "game on"!

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post #24 of 57 (permalink) Old 08-06-2008, 06:28 PM
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Hey man, me too. I'm just afraid to think we're already in the clear. All it takes is one mad little jew to send a nuke into Tehran, it's "game on"!
I am sorry, but I about fell out the chair laughing, luckily I hadn't taken a drink yet

Then again 01WC you are right on the commoditys getting their ass's handed to them, then again I wonder what happens after the olympics are over and Chinas oil demand plunges?

on an off topic rant we moved floors at the office 2 weeks ago and I cant get my damn KLIF to come into reception anymore so no more beck then again WBAP comes in crystal clear now and I can listen to the fat f*ck mark davis again /rant off

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post #25 of 57 (permalink) Old 08-06-2008, 06:31 PM
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Hey man, me too. I'm just afraid to think we're already in the clear. All it takes is one mad little jew to send a nuke into Tehran, it's "game on"!
What does Feldman have to do with this?
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post #26 of 57 (permalink) Old 08-06-2008, 11:21 PM
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Then again 01WC you are right on the commoditys getting their ass's handed to them, then again I wonder what happens after the olympics are over and Chinas oil demand plunges?
IMO this hasn't been factored into the market yet. I've read where china was stockpiling oil prior to the olympics, and i'd guess that when the olympics are over that will stop, and the US economic slowdown will surely affect china as well. I think that at this point the US economic slowdown will begin to overshadow a lot of things. I look for oil and gas to drop a lot more.
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post #27 of 57 (permalink) Old 08-06-2008, 11:45 PM
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Crude supplies rose 1.61 million barrels to 296.9 million barrels in the week ended Aug. 1, the Energy Department said today in its weekly report. Inventories were forecast to fall 200,000 barrels, according to the median of analyst estimates in a Bloomberg News survey.
See, I told you guys that the National Boycott Gas Day would work!


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post #28 of 57 (permalink) Old 08-08-2008, 10:26 AM
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post #29 of 57 (permalink) Old 08-08-2008, 10:33 AM
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Explosions today? Sub $110? Going to be interesting!!
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post #30 of 57 (permalink) Old 08-08-2008, 10:33 AM
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>

Deal breaker?

Russia invades Georgia


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post #31 of 57 (permalink) Old 08-08-2008, 10:35 AM
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Interesting.

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it was not a problem to bring money to his house at 10pm.so why is it a problem to call and bitch.it wasnt a problem when we were all sitting around smoking pot together.yes i said it we all were smoking pot together.what now stupid.
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post #32 of 57 (permalink) Old 08-08-2008, 10:41 AM
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Deal breaker?

Russia invades Georgia


David
With oil down 3.60 today, I'd say no.

The bears didn't even care about the Turkish pipe line explosion yesterday which will take 2 weeks to fix. Rallied a little into the close and the bears head faked and took out the bulls this morning.

Oil is down in my "critical zone" of 115-117 at the moment. Hopefully it will close below 115 but I'll take a close in the range. Even the biggest bulls will have a weekend to figure out how much money they'll possibly lose on Monday's opening.

I'm actually more excited about natural gas plunging into the abyss. Down to 8.24/mmbtu at the moment. Supposedly this is why our electric rates went into the stratosphere this summer. I see from Power To Choose most electric companies have already pared their rates back dramatically. Might be time to lock in a new rate.

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post #33 of 57 (permalink) Old 08-08-2008, 11:05 AM
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With oil down 3.60 today, I'd say no.

The bears didn't even care about the Turkish pipe line explosion yesterday which will take 2 weeks to fix. Rallied a little into the close and the bears head faked and took out the bulls this morning.

Oil is down in my "critical zone" of 115-117 at the moment. Hopefully it will close below 115 but I'll take a close in the range. Even the biggest bulls will have a weekend to figure out how much money they'll possibly lose on Monday's opening.

I'm actually more excited about natural gas plunging into the abyss. Down to 8.24/mmbtu at the moment. Supposedly this is why our electric rates went into the stratosphere this summer. I see from Power To Choose most electric companies have already pared their rates back dramatically. Might be time to lock in a new rate.

I was thinking more on the lines of a residual effect from the possibility of the market (in it's volatile state) plunging another 150/200pts on the Russia/Georgia conflict, ergo market ↓, oil ↑. Even with the dollars rise, I have "guarded" faith in the market right now.

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post #34 of 57 (permalink) Old 08-08-2008, 12:52 PM
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Give the region another 48 hours or so...
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post #35 of 57 (permalink) Old 08-08-2008, 01:52 PM
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post #36 of 57 (permalink) Old 08-08-2008, 01:56 PM
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Give the region another 48 hours or so...
I'll go with the traders trading millions of dollars as far as "inside info" is concerned.

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post #37 of 57 (permalink) Old 08-08-2008, 02:59 PM
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I'm actually more excited about natural gas plunging into the abyss. Down to 8.24/mmbtu at the moment. Supposedly this is why our electric rates went into the stratosphere this summer. I see from Power To Choose most electric companies have already pared their rates back dramatically. Might be time to lock in a new rate.
I just went and looked at some offers there, the rates are better but IMO still too high. The average rate offer seems to hover around .14x for fixed rate contracts, although I did see a .12x rate, and several .17x and .18x rates. The rates are just like pump gas, quick to rise and slow to fall. Hopefully competition will work to drive down the rates even further.
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post #38 of 57 (permalink) Old 08-08-2008, 04:35 PM
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Lehman Says Crude Oil Prices Have Peaked for `Next Few Years'

By Robert Tuttle

Aug. 8 (Bloomberg) -- Oil climbed as high as it is going to go for the ``next few years,'' when prices touched a record $147.27 a barrel last month, Lehman Brothers Holdings Inc. said.

``Barring any physical disruption that may temporarily spike prices, we judge that oil prices have peaked,'' the securities firm said in a report.

Crude-oil inventories will probably rise this summer as prices trade ``range-bound,'' before falling in the fourth quarter and first quarter of next year, the company said.

My 401K is now a 400K (was 301K)
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post #39 of 57 (permalink) Old 08-09-2008, 09:05 AM
Every day is.............
 
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Quote:
Originally Posted by 01WhiteCobra
Lehman Says Crude Oil Prices Have Peaked for `Next Few Years'

By Robert Tuttle

Aug. 8 (Bloomberg) -- Oil climbed as high as it is going to go for the ``next few years,'' when prices touched a record $147.27 a barrel last month, Lehman Brothers Holdings Inc. said.

``Barring any physical disruption that may temporarily spike prices, we judge that oil prices have peaked,'' the securities firm said in a report.

Crude-oil inventories will probably rise this summer as prices trade ``range-bound,'' before falling in the fourth quarter and first quarter of next year, the company said.

Magic moment.
Who will pay??


David
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post #40 of 57 (permalink) Old 08-09-2008, 09:22 AM
No Cerveza... No Trabajo
 
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Quote:
Originally Posted by cobrajet69
Magic moment.
Who will pay??


David
LOL. Denny still has a chance. But as long as the dollar is strong oil will continue to tumble... barring some nuclear war breaking out.

I don't see anything from Euroland that will break the cycle. There were rumors of interest rate increases over there but without the energy inflation there isn't any reason to increase rates with the Euro economy tanking.

The American economy appears to be bottoming or close to bottoming and Euroland is just starting to slide. Good for the dollar and bad for the Euro.

If the trend continues we could be looking at 85-90 a barrel in the Q1 09 and 2.90 or so at the pump.

My 401K is now a 400K (was 301K)
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post #41 of 57 (permalink) Old 08-09-2008, 09:27 AM
Every day is.............
 
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Quote:
Originally Posted by 01WhiteCobra


If the trend continues we could be looking at 85-90 a barrel in the Q1 09 and 2.90 or so at the pump.

Is that (85-90 per barrel) what equates to 2.9+/- per gallon?

If so, that's my magic number for putting the tune back into my truck and running the super unleaded (or high test for us old folk)


David
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post #42 of 57 (permalink) Old 08-09-2008, 09:51 AM
No Cerveza... No Trabajo
 
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Quote:
Originally Posted by cobrajet69
Is that (85-90 per barrel) what equates to 2.9+/- per gallon?

If so, that's my magic number for putting the tune back into my truck and running the super unleaded (or high test for us old folk)


David
Should be somewhere around there. Currently gas futures are at 2.88 so that should translate to about 3.40/gal in the near future. Another 20% decline would translate to 2.30 on the futures market so we're looking 2.80-2.90 at the pump.

Now if we can keep Denny's war from happening, we're good.

My 401K is now a 400K (was 301K)
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post #43 of 57 (permalink) Old 08-09-2008, 09:56 AM
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Quote:
Originally Posted by 01WhiteCobra
Should be somewhere around there. Currently gas futures are at 2.88 so that should translate to about 3.40/gal in the near future. Another 20% decline would translate to 2.30 on the futures market so we're looking 2.80-2.90 at the pump.

Now if we can keep Denny's war from happening, we're good.
LOL @ "Denny's War"...

CHL holder and Conservative...AKA "Domestic Terrorist"
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post #44 of 57 (permalink) Old 08-09-2008, 09:56 AM
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Quote:
Originally Posted by 01WhiteCobra
Should be somewhere around there. Currently gas futures are at 2.88 so that should translate to about 3.40/gal in the near future. Another 20% decline would translate to 2.30 on the futures market so we're looking 2.80-2.90 at the pump.

Now if we can keep Denny's war from happening, we're good.
Like I said, I'd gladly lose this wager to avoid a war, but I'm seeing some fucked up action plans being thrown around. It seems to be preparation for more than "just in case" bullshit.
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post #45 of 57 (permalink) Old 08-09-2008, 09:57 AM
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Quote:
Originally Posted by Vertnut
LOL @ "Denny's War"...
Figured it would happen eventually. Don't nuke me, I'm only the messenger.
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post #46 of 57 (permalink) Old 08-09-2008, 10:00 AM
Lifer
 
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Originally Posted by Denny
Figured it would happen eventually. Don't nuke me, I'm only the messenger.
No, no...I was envisioning Dan Rather breaking into "American Idol", giving a body count for "Denny's War", a la the Viet Nam War.

CHL holder and Conservative...AKA "Domestic Terrorist"
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post #47 of 57 (permalink) Old 08-09-2008, 04:21 PM
Lifer
 
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Quote:
Originally Posted by Denny
Figured it would happen eventually. Don't nuke me, I'm only the messenger.

Don't visit Iran any time soon, and you should be in the clear.

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post #48 of 57 (permalink) Old 08-09-2008, 11:34 PM
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Originally Posted by VETTKLR
Don't visit Iran any time soon, and you should be in the clear.
I'm too close as it is!!!
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post #49 of 57 (permalink) Old 08-13-2008, 10:11 AM
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So... how we lookin'?
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post #50 of 57 (permalink) Old 08-13-2008, 10:13 AM
NOT AFGHANISTAN ANYMORE!!
 
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Quote:
Originally Posted by Denny
So... how we lookin'?
Looks like about 112.16 at the moment. Not looking good for you.

Dallas news reports Tony Romo tried to commit suicide last night!

Fortunately he dropped the gun and the bullet was intercepted!
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