Crude Oil

[AnandMajumdar]

what is the impact of crude oil on the stock market ?

where is crude headed over the next few months ?

lets discuss this very important commodity in this thread ..


anand

[gizmotron]

It's headed down.  It's a supply and demand issue. Summer traveling season is almost over. US congress is considering drilling. Oil should settle to $80 US per barrel. The value of the US dollar is headed back up too. Factor all that in. If anything happens to the world's supply then that will stall things.

[AnandMajumdar]

hello gizmotron,

welcome.. yes i believe that many analysts feel that crude is on its way down.. it could be true.. time will tell..

any other views or plans ?

anand

[ChickenDinner]

While prices seem to be slowly correcting themselves at the moment, a US-lead attack on Iran would no doubt result in some crazy increases. As inevitable as that seems though (in my opinion anyway), lets all hope and pray that it doesn't (obviously not just for oil price reasons).

[gizmotron]

While prices seem to be slowly correcting themselves at the moment, a US-lead attack on Iran would no doubt result in some crazy increases. As inevitable as that seems though (in my opinion anyway), lets all hope and pray that it doesn't (obviously not just for oil price reasons).

Here is the word on the street. Have you ever heard of the phrase "October Surprise?"

Well this is when a surprise change happens just before the presidential election in early November leaving very little time to do anything about it, even if it's untrue.

Israel can't count on Barack Obama to do anything to prevent Iran from getting nuclear weapons. Israel might as well attack before November because this would show everyone just how dangerous the world really is and it would be an October surprise that would end up getting a real leader elected that would care about Israel. So it's a win win for Israel to attack very soon. Israel would have to attack soon anyway. It's a forgone conclusion that Barack Obama intends to abandoned the world so that he can take all that money and use it to fund his Marxist government run medical system. And that's no BS either.  It's absolutely important to understand economics and the other animal political economics. These liberals in America completely believe their own propaganda. Our economists don't. Massive tax increases are being called tax cuts for the middle class. It's the same old thing Clinton ran on and once he was elected there was an across the board tax increase for everyone. It was just a campaign promise he never meant to keep. Barack Obama is the same kind of politician.

It would be crazy if Israel did not attack soon.

[Kelly]

Crude Oil broke the support at 110 and theoreticly the next support should be the psycholgical 100$ barrier. At the moment there seems to be support at first 104 and now 105$. I think traders sort of fears a demand stop, hence the dropping price. Opposit of what dove the price up when there were fears that there werent enough production. US faces a drop in demand of just about everything, including gas so my theory is that traders bail out because they fear that less demand will drive the price down.

If we see a break through of the 100 support, it could go much lower, also, it appears that Ike is not hitting any of the Gulf platforms, which might also help the price further down.

[Kelly]

So now Brent Crude Oil October is now in 99.55

So what now.....? Next support 86 ?

[Natural9]

wow now it around 50 dollars what a difference a couple of months makr

[geoff365]

Around $30 by Xmas.

[ChickenDinner]

Nearly at $30 now, unbelievable.

[Ulysses]

Crude has plummeted because of world recession deepening. Less demand is expected with businesses and jobs going to the wall. Would seem a good idea to buy now for the unseen future. predict $200 a barrell in 2012

[Jakkalsdraai]

I agree

Oil is a good investment right now

whatch it go up.

Than again I'm known to go the wrong way....lolol

[geoff365]

Another bubble on it's way

[Bazeegar]

How do you invest in oil?

[geoff365]

nolinks://finance.yahoo.com/special-edition/active-investor

[geoff365]

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