ProShares Ultra DJ-UBS Crude Oil Message Board
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If and when Gadhafi falls
If Gadhafi leaves which way do you think oil will go, I think it will drop again
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what if this spreads to Saudi Arabia and Kuwait..?
- 1 Reply to hisstik
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Looks like SCO is starting back up I picked up a position for 9.35
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and we are exporting oil and gas...wtf..
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you will be looking at a "Failed State!"
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Study some history. He held the country together. It's a land of chieftains and centuries old conflict. It was formed by England and Italy and will escalate into a multiyear civil war that will probably require what happened in Bosnia. Oil output will suffer no matter what. NG and oil to EU will be severely affected. Italy has 350 thousand workers it is trying to get out and many of its businesses are probably screwed. So are the multis like BP.
- 1 Reply to littleharm
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True in the long term, but the market sentiment will drop oil price for a few days if he is ousted, because the dim-wits on this market will believe everything is fine.
In the long run, oil probably will touch $150 again in next few months, but not caused by Libya, but by Ben the Printer. Gadhafi is just is a scapegoat of Ben.
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Depends upon whether he sabbotages the pipelines, etc, and worries about copycats in the other oil countries.
- 1 Reply to n2jkv
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I'm betting oil will drop as fast as it rose after this crisis, I may lose but I'm buying SCO
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