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ProShares Ultra Bloomberg Crude Oil Message Board

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  • wsjjswwsjjsw wsjjswwsjjsw Feb 23, 2011 12:30 PM Flag

    If and when Gadhafi falls

    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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    • I'm thinking this looks like a run on the bank, a panic sets in and oil skyrockets. I'm just trying to swim behind the big fish and the place to make money is on the wild swings

    • Wow. Way wrong. It's the EU that is soiling itself over this. This is the best of oil for EU. Volume made up for by Opec won't make up for this. Venezuela has no oil like this. These are suppliers not speculators who are now seeking sweet crude and will be in need of PHYSICAL product for fear contracts will be negated across the board by majur. Even if wells and refiners don't get set ablaze, the trasport logistics have now become threatened.

 
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