Oil Chart
Amazing moves
PeakOil is You
Oil Getting Whipsawed
First unread post • 10 posts
• Page 1 of 1
Oil Getting Whipsawed
by shakespear1 » Wed 30 Apr 2008, 11:57:56
Men argue, nature acts !
Voltaire
"...In the absence of the gold standard, there is no way to protect savings from confiscation through inflation."
Alan Greenspan
Voltaire
"...In the absence of the gold standard, there is no way to protect savings from confiscation through inflation."
Alan Greenspan
- shakespear1
- Heavy Crude
- Posts: 1532
- Joined: Fri 13 May 2005, 03:00:00
Re: Oil Getting Whipsawed
by shakespear1 » Wed 30 Apr 2008, 12:08:51
Anyone trying to figure out the trend on this action has your saw over their throats 
Men argue, nature acts !
Voltaire
"...In the absence of the gold standard, there is no way to protect savings from confiscation through inflation."
Alan Greenspan
Voltaire
"...In the absence of the gold standard, there is no way to protect savings from confiscation through inflation."
Alan Greenspan
- shakespear1
- Heavy Crude
- Posts: 1532
- Joined: Fri 13 May 2005, 03:00:00
Re: Oil Getting Whipsawed
by shakespear1 » Wed 30 Apr 2008, 12:15:08
I remember when I was being laid off at $8/bbl
Men argue, nature acts !
Voltaire
"...In the absence of the gold standard, there is no way to protect savings from confiscation through inflation."
Alan Greenspan
Voltaire
"...In the absence of the gold standard, there is no way to protect savings from confiscation through inflation."
Alan Greenspan
- shakespear1
- Heavy Crude
- Posts: 1532
- Joined: Fri 13 May 2005, 03:00:00
Re: Oil Getting Whipsawed
by shakespear1 » Wed 30 Apr 2008, 12:31:37
Men argue, nature acts !
Voltaire
"...In the absence of the gold standard, there is no way to protect savings from confiscation through inflation."
Alan Greenspan
Voltaire
"...In the absence of the gold standard, there is no way to protect savings from confiscation through inflation."
Alan Greenspan
- shakespear1
- Heavy Crude
- Posts: 1532
- Joined: Fri 13 May 2005, 03:00:00
Re: Oil Getting Whipsawed
by Chaparral » Wed 30 Apr 2008, 18:55:14
Yup. Utterly untradeable. Took profit this morning on a single long & wasn't about to short it on the supply & demand report. Saw that gold wasn't crashing into the market close like crude and figured someone was playing games to trigger stop losses. I try and avoid trading crude on Wednesdays. Today was a sort of double jeopardy given the IEA report and the FOMC decision.
-
Chaparral - Tar Sands
- Posts: 767
- Joined: Sun 14 Aug 2005, 03:00:00
- Location: Dead civilization walking
Re: Oil Getting Whipsawed
by gnm » Wed 30 Apr 2008, 19:00:10
Bloomberg energy is listing heating oil at 437 right now.... WTF? Thats gotta be an error...
-G
-G
- gnm
Re: Oil Getting Whipsawed
by shakespear1 » Tue 06 May 2008, 04:17:05
Here I disappear for a few days and oil magically is back around 120.
What's changed the sentiment ?
What's changed the sentiment ?
Men argue, nature acts !
Voltaire
"...In the absence of the gold standard, there is no way to protect savings from confiscation through inflation."
Alan Greenspan
Voltaire
"...In the absence of the gold standard, there is no way to protect savings from confiscation through inflation."
Alan Greenspan
- shakespear1
- Heavy Crude
- Posts: 1532
- Joined: Fri 13 May 2005, 03:00:00
Re: Oil Getting Whipsawed
by Troyboy1208 » Tue 06 May 2008, 10:21:11
$this->bbcode_second_pass_quote('shakespear1', 'H')ere I disappear for a few days and oil magically is back around 120.
What's changed the sentiment ?
What's changed the sentiment ?
Were running out...
-
Troyboy1208 - Tar Sands
- Posts: 522
- Joined: Wed 26 Apr 2006, 03:00:00
- Location: Orlando FL
Re: Oil Getting Whipsawed
by shakespear1 » Tue 06 May 2008, 12:03:04
I just read something very thoughtful. The elasticity of oil price may not be as expected. With rising price, demand may not go down.
Consider,
If every Chinese/Indian just converts from a bike to a motorcycle, that may be enough to not change the oil consumption far into the future despite rising price of oil.
Consider,
If every Chinese/Indian just converts from a bike to a motorcycle, that may be enough to not change the oil consumption far into the future despite rising price of oil.
Men argue, nature acts !
Voltaire
"...In the absence of the gold standard, there is no way to protect savings from confiscation through inflation."
Alan Greenspan
Voltaire
"...In the absence of the gold standard, there is no way to protect savings from confiscation through inflation."
Alan Greenspan
- shakespear1
- Heavy Crude
- Posts: 1532
- Joined: Fri 13 May 2005, 03:00:00
10 posts
• Page 1 of 1
Who is online
Users browsing this forum: No registered users and 1 guest