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United States Oil Message Board

  • dkships dkships Oct 2, 2013 2:07 PM Flag

    Manipulation is present in all markets... not just oil...

     

    ... to think oil gets a pass when everything else is manipulated isn't being realistic... the Russell 2000 is trading @ 83x forward earnings, it doesn't stop it from making historic highs everyday... Tesla makes 20K cars a year and has a market cap the size of Ford... GL...

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    • fundamentals eventually win, manipulation is only short term.
      Oil fundamentals will win eventually, this government shut down will be catalyst to tank oil into 80s.

      80s used to be high before Iran issue came up.

      • 1 Reply to greedybasturd
      • Fundamentals say that oil will keep going ever higher. Drilling costs are increasing by ~9% per year, and the marginal costs (which sets the price) is going up much faster as the easy/cheap oil is continually depleted and replaced more and more with expensive/difficult oil. So if you want to use fundamentals, over any reasonable duration (ie. not talking about next week or next month) then the price has nowhere to go but higher. Until it breaks the global economy.

 
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