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United States Oil Message Board

  • sideshow32raheem sideshow32raheem Nov 11, 2008 6:30 PM Flag

    Are you folks ready to come to Jesus and admit this whole oil thing was speculation?

    - Real demand did not TRIPLE between Jan. 2007 and July 2008. We didn't suddenly see 3 times more cars, trucks, 18 wheelers, airlines, you name it suddenly appear on the face of the Earth during that time.

    - Similarly, real demand did not drop 60% from July 2008 to now. 6 out of 10 cars and trucks were not locked up in the garage in the past 3 months.

    - Anytime you hear bullshjt reasons for oil going up....like hurricanes wiping out refineries that in theory DECREASE the demand for crude feed stock rather than INCREASE it...and when ANY news, no matter how ridiculous moves the market, you know you're in the middle of a raging speculative market.

    - Hedge funds were leveraged 20:1, 30:1, whatever. They are now in a death spiral just like those of the dot com and real estate eras. Let me leverage 10,000:1 and I can control the oil market with the loose change in my sofa until someone calls my bluff and kicks me square in the nutsack.

    The most surprising thing about this whole story, frankly, are the number of people who are surprised.

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    • TIMMMMM-BERRRRRRRRRRRRRRRRRRRRRRRRRRRR

    • "Real demand did not TRIPLE between Jan. 2007 and July 2008. We didn't suddenly see 3 times more cars, trucks, 18 wheelers, airlines, you name it suddenly appear on the face of the Earth during that time."

      You people do not understand the concept of peak oil, or peak anything.

      Demand can stay the same forever, but as supply runs out, prices will exponentually go up.

      Now we all understand much of it was speculation, however it's a sign of things to come in the next decade.

    • I see. So tell me, did you short at $147 ????

      "- Real demand did not TRIPLE between Jan. 2007 and July 2008. We didn't suddenly see 3 times more cars, truck s, 18 wheelers, airlines, you name it suddenly appear o n the face of the Earth during that time.

      - Similarly, real demand did not drop 60% from July 2 008 to now. 6 out of 10 cars and trucks were not locke d up in the garage in the past 3 months.

      - Anytime you hear bullshjt reasons for oil going up. ...like hurricanes wiping out refineries that in theory DECREASE the demand for crude feed stock rather than I NCREASE it...and when ANY news, no matter how ridiculou s moves the market, you know you're in the middle of a raging speculative market.

      - Hedge funds were leveraged 20:1, 30:1, whatever. T hey are now in a death spiral just like those of the do t com and real estate eras. Let me leverage 10,000:1 a nd I can control the oil market with the loose change i n my sofa until someone calls my bluff and kicks me squ are in the nutsack.

      The most surprising thing about this whole story, fra nkly, are the number of people who are surprised."

    • Jesus saves but Moses invests and Moses specifically says to buy USO for it is written.

    • Why not sell what we've got at the 50-percent premium, then buy it back on paper for the published spot price? And the answer keeps coming back in the form of another question: Would we rather own a $600 Winchester rifle than $600 worth of Winchester stock, even if we knew we could sell the Winchester shares tomorrow for $900? And another answer keeps coming back, in the form of yet another question: Which instrument better controls the bullet? And which feels nicer to

 
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