jake, there are to many variables to call oils bottom right now, surmising's 1 thing, but we have a long ways to go yet, OPEC meeting will be very interesting, I doubt the Saud families done with there pumping program!
I agree bob, Opec country's like Venezuela, Nigeria, Libya, will pump oil for their economies cash flow purpose's, Russia's not OPEC, their not going to cut back, its a game of chicken right now, way to early for bottoms!
OPEC, the den of thieves collaborate & don't abide by Group Production, so whats going to come of this meeting----Nothing quit frankly, poor countries pumping more oil for economy's cash flow support!
Maybe they'll find Eric the Red beachcombwer, meaning we are in cycles, imagine that , how will Academia further thump Governments for their Crystal Towers maintenance fee's!
They really don't understand totally how magnetic fields work with our atmosphere, scientists will show you that @ various times the Earths magnetic field has changed, scientists will also tell you a solar storm like 18880's that knocked telegraph lines out of commission would be catastrophic so guy's, scientist should quit breaking N.Poles Ice Cap up with Ice Breakers for their experiments & shipping, if their worried! Solar flares & RADIATION AFFECT CLIMATE GO LOOK @THE OTHER SPECTRUMS WORK GUY'S, AL GORE JUST RIPPED PEOPLE OF WITH ITS GUISE FOR MONEY SEE!
Russia certainly isn't cutting production, they need Cash Flow for their economy! I'd rather have crude oil wars , then the terrorism & world unrest we currently have!
Sandra correct , no data so Academia fabricates a concession to justify more Grant Funds for exploration of theories & of course maintaining the CRYSTAL TOWERS see!
rjm, for yourself take a look @ our suns Solar Flare cycles, you won't hear those facts on PBS, or NPR broad casts, Superiors started to ice up already & if these global warming scientists are so worried about polar caps they should quit running shipping thru N. Pole via Ice Breakers!
Absolutely bear & geo politically the worlds really screwed up right now, its a very interesting test of my patience in thru here, good luck!
jake its all about this little crude oil rally this morning & lines followed & will continue to follow up or down I believe
Right William, when Governments promote corn divergences to ethanol production driving up prices, is wrong, they finally stoped paying manufactures the .52 subsidies, & as we talked about sugar, Mexico shot a lot of sugar into US after finding a NAFTA lop hole, now the loop-holes been closed prices go up, my client in Brooklyn's really frosted, really tax-payers shouldn't be funding higher food costs, william!
I don't see oil up this morning, fact is its down again $ 74 & change, & rest of my oil portfolio's down & will continue to follow crude oil pricing down, until world crude oil market bottoms see, that's reality, if you like blaming hedge funds --so be it crk .
William, food prices have soared the last5 years, how do you think farmers will feed the world in 2025, that's only 10 years from now!, the inflation figures of America negate fuel & food, basically hurting poor, middle class, & retiree's most.
Man, child or beast opinion American media has a progressive agenda & for the most part slants totally that direction, not reporting total facts, just snippets for their agenda's, anywayway, we are lucky to have the right to banter publicly about Politics, economies, religion , & stock markets!