[frankthetank]

Down to 106 on 321... Keep going baby! Lets test some new lows!

[PeakingAroundtheCorner]

$this->bbcode_second_pass_quote('frankthetank', 'D')own to 106 on 321... Keep going baby! Lets test some new lows!

[BillPeakOil]

Hey Frankthetank!

"Down to 106 on 321... Keep going baby! Lets test some new lows!". Man its sad that we have to be happy for $106

[Iaato]

How Alaskans Cope With High Gas Prices
(that's a can of dog food out front)



ADN.com-multiple stories on commuting

[frankthetank]

This sucks. I want my $50 oil back and my 1.50 gasoline. I'm not going to lie. This doomer stuff was fun for a while, but i'll take the good times over the bad times!!!

106.05 now. We've got a ways to go to get that $.90 gasoline i bought back in 1999. Nothing like filling up the car for $7.

[therealtruth]

Can you say MARGIN CALL!! Crude oil right now is the most dangerous market to be in because of its disconnect from the fundamentals. This market can literally move in either direction for no reason at all! Look at the dollar today, it's down so crude should be up right? This is exactly the reason why people who have no clue about the markets get killed because they buy what the broker tells them to buy, and guess what? The majority of brokers sell whatever is hot in the news because its an easier sell than trying to convince someone of a market that there is no news on! Just a little advice STAY OUT OF CRUDE! Funds are taking profits and probably will continue to do so for the rest of the month.

[frankthetank]

Looks like it was down to 104 or around there. Hard to tell on 321. Back up now. Not sure what the hell is going on in the markets today.

Can someone tell China and India to trade the cars back in for bicycles... Frankthetank wants to take a family vacation and needs cheap gas

[Ferretlover]

$this->bbcode_second_pass_quote('frankthetank', 'W')e've got a ways to go to get that $.90 gasoline i bought back in 1999. Nothing like filling up the car for $7.

[AirlinePilot]

Long term crude goes up. Period. Fundamentals support it. As long as demand is not destroyed in some huge way it's inevitable.

Watching the short term train wreck is for the speculators. Hedge funds will go right back in when they can. The only real way crude goes down over the long haul is if the Olduvai theory asserts itself and we have a generational global collapse.

The last thing you will be worrying about then is the price of crude.
As long as the system can remain even close to what it is today, energy as a commodity will remain bullish over the long haul.

[sjn]

$this->bbcode_second_pass_quote('AirlinePilot', 'L')ong term crude goes up. Period. Fundamentals support it. As long as demand is not destroyed in some huge way it's inevitable.

Watching the short term train wreck is for the speculators. Hedge funds will go right back in when they can. The only real way crude goes down over the long haul is if the Olduvai theory asserts itself and we have a generational global collapse.

The last thing you will be worrying about then is the price of crude.
As long as the system can remain even close to what it is today, energy as a commodity will remain bullish over the long haul.

[DantesPeak]

$this->bbcode_second_pass_quote('therealtruth', 'C')an you say MARGIN CALL!! Crude oil right now is the most dangerous market to be in because of its disconnect from the fundamentals. This market can literally move in either direction for no reason at all! Look at the dollar today, it's down so crude should be up right? This is exactly the reason why people who have no clue about the markets get killed because they buy what the broker tells them to buy, and guess what? The majority of brokers sell whatever is hot in the news because its an easier sell than trying to convince someone of a market that there is no news on! Just a little advice STAY OUT OF CRUDE! Funds are taking profits and probably will continue to do so for the rest of the month.

[Valdemar]

Seems to be making a climb again. It's upto $107.43 from my last check.

[AirlinePilot]

Funny how we get so de-sensitized to these markets. I wont consider oil "down" until I see the price move back below the 60's or 70's.

The airline industry is struggling mightily to break out of the red and I know that above those levels its presently almost impossible to make money. We either change the pricing structure or die a death of a thousand cuts.

[Valdemar]

Near $110 again now. Wonder how this Fed rate cut will help things along...

[therealtruth]

Hey look the dollar is up so oil should be down right? I'm telling you guys this market is way overdone!

[dohboi]

trt wrote "This market can literally move in either direction for no reason at all!"

Indeed, but this is not news to most here.

How long have you been watching these markets? People can guess after the fact why a move happened, but day-to-day moves are basically impossible to predict. Most here see day trading as a fools game.

But most here have been right about the long-term trend in oil prices while most of the high-paid "experts" and media talking heads have been consistently wrong.

Pardon us if we don't take your predictions very seriously if you have not such track record and if you ever thought that day to day moves could be predicted.

[therealtruth]

I wasn't predicting the day to day moves of the market! I'm saying that in the immediate short-term, oil prices are coming down. As you can see, the funds are liquidating. I said this 2 days ago!! I'm telling everyone to stay out of crude oil because the fundamentals in reality isn't strong enought to justify $100 crude, maybe $80 but definitely not $100. Even when you factor in the devaluation of the dollar and the potential risks still out there that might not have been factored into the price, anything above $80 is excessive!

[DantesPeak]

$this->bbcode_second_pass_quote('therealtruth', 'I') wasn't predicting the day to day moves of the market! I'm saying that in the immediate short-term, oil prices are coming down. As you can see, the funds are liquidating. I said this 2 days ago!! I'm telling everyone to stay out of crude oil because the fundamentals in reality isn't strong enought to justify $100 crude, maybe $80 but definitely not $100. Even when you factor in the devaluation of the dollar and the potential risks still out there that might not have been factored into the price, anything above $80 is excessive!

[DantesPeak]

A Shell executive on CNBC just said what I've been saying: the high price of oil is not justified by normal supply/demand considerations but the demand for diesel can not be met except by refining more oil.

[Last_Laff]

Is it just me or 98.89 has been stuck for some time today?

It looks like Mr. 98.89 is looking at the floor.

[edit: never mind it seem to me 321energy are havin some glitches or sumthin'...]