[Pixie]

$this->bbcode_second_pass_quote('PeakingAroundtheCorner', '')$this->bbcode_second_pass_quote('', 'S')o they are going to replace oil with internet

[Pixie]

$this->bbcode_second_pass_quote('Pixie', '
')
That's great, and it's a great idea. Tell me your website, and I will download a loaf of bread, oranges from California, bananas from Central America, and kalamata olives from Greece.

[Drake]

$this->bbcode_second_pass_quote('Pixie', '')$this->bbcode_second_pass_quote('Pixie', '
')
That's great, and it's a great idea. Tell me your website, and I will download a loaf of bread, oranges from California, bananas from Central America, and kalamata olives from Greece.

[Fiddlerdave]

$this->bbcode_second_pass_quote('Drake', 'H')ey, it could be worse, I like asian noodles, hihihi.

[Drake]

$this->bbcode_second_pass_quote('Fiddlerdave', '')$this->bbcode_second_pass_quote('Drake', 'H')ey, it could be worse, I like asian noodles, hihihi.

[Gandalf_the_White]

We never seem to run out of folks who are going to come in no matter how high the price and say the good times are just around the corner, oil will drop back to $50 per barrel. Dream on. It will not happen without significant demand destruction, ie a major recession. If that seems preferable to letting prices hit their fair market level and then motivate change to alternatives ok. Someone will get rich off of it, the average person will get much poorer. So when economists pipe in and say $50 per barrel in five years they are purposely failing to tell you what they know all to well. Demand must be reduced or supply increased for prices to go down from here. Supply has not significantly increased in three years in the face of record high demand. No fair market acts that way people. The writing is on the wall, wake up now.

[oilgone]

I think that what Misterno is trying to understand is :

" why the forward curve is not bucking the trend of the front month"

Well, having options calls on the forward curve, i raised myself the question and came out with this:

1/ the huge bacwardation in the crude market will end up when the forward month will be the front month trading

2/ Many floor traders are long forward put option so they had to hedge by selling futures contracts and asthe liquidity in the forward curve is quite equal to zero they had to slam the contracts.

3/ If as Misterno says oil will always be less than 100 bucks , at this price, i can buy up to 130 000 bbls.

peak oil is there, the forward you go, the more you 'll fell it.......

Oilgone

[misterno]

oilgone

you are very technical, I am sorry i did not understand what you said

Would you please write it in plain English, like to someone who knows anyhing about energy economics or options.

Please.

[Concerned]

$this->bbcode_second_pass_quote('PeakingAroundtheCorner', '')$this->bbcode_second_pass_quote('', 'S')o they are going to replace oil with internet

[RainShadow]

Question:
$this->bbcode_second_pass_quote('steam_cannon', 'Y')ou do know that oil is presently trading over $105?

[Ludi]

$this->bbcode_second_pass_quote('Concerned', '
')Trust me if everyone worked from home projects would take an order of magnitude greater time to complete double or triple perhaps more if you factor in the flow on effects of specialists trying to contact specialists.

[Zythryn]

$this->bbcode_second_pass_quote('misterno', 'S')peculation is short term

we are talking about long term.

[misterno]

At least 1 year

[Zythryn]

$this->bbcode_second_pass_quote('', 'A')t least 1 year

[misterno]

I am confused

[Zythryn]

Sorry if I was unclear. Let me try again.

When most people say 'oil will always be less than $100' it means the same as 'oil will never reach $100'

Now, since it is obvious that oil HAS indeed reached $100, you were asked if you were aware of this.
You replied that your statement didn't really mean that oil would not reach $100 except for a brief period of time.

I asked what constituted a long enough period of time for oil to be over $100 to make your statement incorrect. You responded a year.

The statement 'oil will never reach $100' and
'oil won't reach and then stay above $100 for a year or longer' don't really seem to have the same meaning, do they?

[timmac]

misterno wrote >> I am confused


Yea you really are, did you know that the barrel of oil is now $112.00 today, April 10-08, I think it might hit $120 very soon, what happen to it will stay under $100..

[Heineken]

$this->bbcode_second_pass_quote('misterno', 'I') am confused

[hironegro]

Where are you people getting speculating from? Yes some people are hedging against the dollar, but in no way is that speculating.

[timmac]

$115.00 a barrel and climbing........