[MacG]

$this->bbcode_second_pass_quote('emersonbiggins', '
')
<snip> the rest of us, OTOH...

[emersonbiggins]

$this->bbcode_second_pass_quote('MacG', '')$this->bbcode_second_pass_quote('emersonbiggins', '
')
<snip> the rest of us, OTOH...

[TheDude]

$this->bbcode_second_pass_quote('MacG', 'T')ankers don't grow on trees and they can not be built by analphabets - it takes loads of middle class engineers to get them built and running.

[Daculling]

$this->bbcode_second_pass_quote('TheDude', '')$this->bbcode_second_pass_quote('MacG', '.')all they have in their favor is the insight to dress up as a woman/child/spaceman/Indian/sort of idealized vision of late renaissance man.

[something_awfull]

woah. I went to bed last night, and oil was like $122-ish?, wake up today and oil is $138.54. If mere talk about war can cause a jump like this, what will an actual war do? I shudder to think.

[idiom]

Aw dude. You missed a great show.

[DantesPeak]

The Wall Street Journal attributes the superspike to issues we have discussing here for some time. We discussed here months ago how diesel was driving the price of oil higher.
In the weekly Inventory thread, the falloff in oil imports from Mexico and Venezuela, along with diesel export demand from Chile and China, was also discussed there in detail. Did I mention that we also had a thread called OPEC Exports Head East as Asian Supplies are Depleted?

But I thought you might like to know that the WSJ also came to the same conclusions we already had.

Who said the media will never get PO?

$this->bbcode_second_pass_quote('', 'C')rude Leaps Nearly $11, In Fresh Hit to Economy
By NEIL KING JR.
June 7, 2008

At the same time, oil analysts say there are fundamental forces keeping prices high. Despite soaring retail prices, the demand for diesel -- the lifeblood fuel of the world economy -- continues to rise as consumers in places like China and Chile turn to generators to fill in for failing electricity grids.

The investment bank Morgan Stanley is predicting that prices will top $150 a barrel as the U.S. market -- which consumes nearly a quarter of the world's daily output -- confronts tightening supplies of crude. Oil stockpiles in the U.S. have fallen far below the five-year average, a report from the bank points out.

One factor leading to a crimped U.S. market: Persian Gulf suppliers are shipping increased quantities to fast-growing Asia, at a time when exports are falling sharply from two of America's largest suppliers, Mexico and Venezuela.

[darren]

$this->bbcode_second_pass_quote('chuck6877', '
')Damn, I'm eating some crow!!! I was WRONG.

I knew fundamentals were bullish but I thought we'd for sure have a larger pullback than $13.00!

One technical note:
When WTIC went to $135.09 it reached the highest above the 200 day moving average it had for this bull market as it went to 1.422 times the 200 dma

[darren]

$this->bbcode_second_pass_quote('MacG', '')$this->bbcode_second_pass_quote('Zardoz', 'I')t's all random. That's the scariest scenario of all, isn't it? That's what conspiracy theorists can't handle. That's what they're really afraid of.

[smallpoxgirl]

$this->bbcode_second_pass_quote('darren', 'S')o what you're saying is that technical trading works... except when it doesn't??

[GHD]

$this->bbcode_second_pass_quote('darren', '
')+1. A belief that the men in the black helicopters/the Illuminati/the Rothschilds/whoever are running the world is akin to belief in the monster under the bed.

[Armageddon]

$this->bbcode_second_pass_quote('darren', '')$this->bbcode_second_pass_quote('MacG', '')$this->bbcode_second_pass_quote('Zardoz', 'I')t's all random. That's the scariest scenario of all, isn't it? That's what conspiracy theorists can't handle. That's what they're really afraid of.

[chuck6877]

$this->bbcode_second_pass_quote('smallpoxgirl', '')$this->bbcode_second_pass_quote('darren', 'S')o what you're saying is that technical trading works... except when it doesn't??

[sparky]

.

I predicted a hight of 169$ this year , but Friday rise came as a big surprise , I thought there would be a stabilization at 120 ~130.
now it looks like 150 is there for the taking

one doesn't know anymore if it's crude price going north or the US $ going south .... or how much of either !


.

[yesplease]

The dollar's down a percent, so supposedly most of the increase is do to hedging against possible military action in the ME, specifically Iran.
$this->bbcode_second_pass_quote('', 'O')ver the past two days, crude oil has leapt about 16 dollars as the market reacted to a new decline in the dollar after the European Central Bank signaled an interest rate hike Thursday and the US reported a sharp rise in unemployment Friday.

Compounding the dollar squeeze were remarks by Israeli Deputy Prime Minister Shaul Mofaz reported Friday by the Yediot Aharonot newspaper, analysts said.

"If Iran continues its nuclear weapons program, we will attack it," Mofaz told the daily, stressing that such an operation could only be conducted with US support.

"Other options are disappearing. The sanctions are not effective. There will be no alternative but to attack Iran in order to stop the Iranian nuclear program," Mofaz, who is also transportation minister, said.

[Peleg]

http://www.msnbc.msn.com/id/21134540/vp ... 4#25007434

Yes, and tell me Bush looks and sounds like a man who isn't feeling guilty. Something is up.

[TWilliam]

$this->bbcode_second_pass_quote('Peleg', 'h')ttp://www.msnbc.msn.com/id/21134540/vp/25007434#25007434

Yes, and tell me Bush looks and sounds like a man who isn't feeling guilty. Something is up.

[bl00k]

Look at that spike! Makes me feel a little warm inside.

[MacG]

$this->bbcode_second_pass_quote('emersonbiggins', '9')8,000 acres in Paraguay and satellite phones = autonomy, if you can get it.

The Rockerfellers and Rothchilds of the world won't be intermingling in the town square for the leftover crumbs.

[chuck6877]

Tell me technical analysis isn't working on the US dollar trade!

LOOK HERE at the Dollar hitting the 100 day moving average which is the red line which represents the 20 week moving average. This has held for the last year and a half!:
[web]http://stockcharts.com/h-sc/ui?s=$USD&p=W&b=4&g=0&id=p35105816734[/web]

That 100 day moving average is a freekin' wall for the dollar...

Chuck