[colapster89]

As i write light sweed crude is at 92,4 and brent crude at 90,55. The bubble really burst and nothing can't stop it. I think in the next reunion in december of the OPEP they will decide to cut more in crude production. They're cut of 525 000 barrel per day didn't affect the dipping of the crude. The economy is very unstable at this point even in europe and asia.

[colapster89]

On the nymex afterhour trade the light sweed crude have drop from 97,16$ to 96,10$ and gasoline is now down to 2,4140. Today the drop in the crude inventory was bigger than expected because of Ike but the inventory of gasoline was way bigger than expected. The rescue of AIG help the crude and the gold to gain in value more thant 6 $ for the crude and 55$ for an ounce of gold. Wall street is closing with a -4%. Everybody is waiting to see who will fall next under the slow-mo economy.

[joeltrout]

I actually think we will see crude at $75 soon because of the financial markets across the world will continue to collapse. Which will result in massive demand destruction.

It will be bad for alternative energy, bad for ultra-deep offshore projects, and bad for tar sands.

joeltrout

[Dont_Panic]

OMG, oil is going up!! BUY BUY BUY BUY BUY!!!


BUYYYYYYYYYYYYYYYYYYYY, everybody!!!!





(just trying to imagine the thought processes at the oil markets)