Re: WORLD HAS MASSIVE OIL SUPPLY

Investment in Stocks - Forum for sharing info about stocks and options. 

  Yahoo!   Google   Windows Live   del.icio.us   digg   Netscape

Subject Author Date Re: WORLD HAS MASSIVE OIL SUPPLY FrediFizzx 07-21-2008  Re: WORLD HAS MASSIVE OIL SUPPLY Buff-Meister \"... 07-21-2008  Re: WORLD HAS MASSIVE OIL SUPPLY Lubow 07-21-2008  Re: WORLD HAS MASSIVE OIL SUPPLY Buff-Meister \"... 07-21-2008  Re: WORLD HAS MASSIVE OIL SUPPLY FrediFizzx 07-21-2008
Posted by FrediFizzx on July 21, 2008, 3:51 pm >i was just reading the other day and found out the world has "54 DAY " > supply of oil built up. this means, if every country in the world > stopped producing oil today, the world would still have enough to last > 54 days ....my point ? when you read speculators trying to scare people > because a "hurricane could partially shut down production" for a few > days in the area of the storm,they are knowing being > "disingenuis"...they know it will have ZERO effect on any ones oil > supply. > the same goes for a nigerian oil pipeline or a bomb goig off in the > middle east= no effect n the oil supply whats -so -ever... Trump was saying last week there are a whole bunch of full oil tanker ships around he world with no where to go. I wonder how much that adds up to? Fred Posted by Buff-Meister \"BUFFETTHATER\" on July 21, 2008, 3:58 pm > > > >i was just reading the other day and found out the world has "54 DAY " > > supply of oil built up. this means, if every country in the world > > stopped producing oil today, the world would still have enough to last > > 54 days ....my point ? when you read speculators trying to scare people > > because a "hurricane could partially shut down production" for a few > > days in the area of the storm,they are knowing being > > "disingenuis"...they know it will have ZERO effect on any ones oil > > supply. > > the same goes for a nigerian oil pipeline or a bomb goig off in the > > middle east= no effect n the oil supply whats -so -ever... > > Trump was saying last week there are a whole bunch of full oil tanker ships > around he world with no where to go. I wonder how much that adds up to? > > Fred No affect on supply, just prices. Oil is headed to $225 in the next month or so. The shorts driven out of the market will just long oil instead. And Trump is a great and respected oilman of the same distinction that you two have towards investing. Posted by Lubow on July 21, 2008, 4:44 pm Hello, Buff-Meister! You wrote on Mon, 21 Jul 2008 12:58:50 -0700 (PDT): >Oil is headed to $225 in the next month or so. The shorts driven >out >of the market will just long oil instead. I assume your broker told you that. Just need to know on what basis did he make such a forecast. Everything I see -- Asian markets, Latin American markets, Europe -- has recession written all over it. Oil prices and recessions don't mix. Won't be the first time someone sees things I don't see, so please tell us what am I missing? Thanks and good luck. Lubow. Posted by Buff-Meister \"BUFFETTHATER\" on July 21, 2008, 5:14 pm > Won't be the first time someone sees things I don't see, so please tell us what > am I missing? > > Thanks and good luck. > > Lubow. He is negative/neutral oil & NG and expect correction down to $122. Long term very bullish but keeps saying in the long term we are all dead so don't waste $$$ making a trend, just follow. Did not even talk short oil, perhaps knows my feelings so can't say. He did mention last friday that nothing good will come out of iranians. He is pushing gold and <surprise> silver & very negative on the dollar and S&P500/QQQ. Neutral/neg the PGMs i so love. Sees gold busting out over 1K decisively and could hit $1500 this year. On oil. . . . he expected it to trend down <for the very reasons you cite?>, but any strength (key reversal?) by which oil touches the nuetral line and moves higher by more than $3 to the close is a bullish signal. Email me, will forward his firms daily trending charts, for some reason they ignore fundies and trade by charting>>>>>something i don't agree with. BTW: Expects NASD to crash by 20% with or without shorts being roasted. Posted by FrediFizzx on July 21, 2008, 5:57 pm > Hello, Buff-Meister! > You wrote on Mon, 21 Jul 2008 12:58:50 -0700 (PDT): >>Oil is headed to $225 in the next month or so. The shorts driven >>out >>of the market will just long oil instead. > > I assume your broker told you that. Just need to know on what basis did > he make such a forecast. Everything I see -- Asian markets, Latin > American markets, Europe -- has recession written all over it. Oil prices > and recessions don't mix. > > Won't be the first time someone sees things I don't see, so please tell us > what am I missing? > > Thanks and good luck. > > Lubow. BH is just broadcasting more of his lies. China definitely is going to have a temporary slowdown in oil consumption. http://news.yahoo.com/s/ap/20080721/ap_on_re_as/china_traffic_plan But the recessions you are seeing are not real. Slowdown maybe but growth is still growth. Estimated world economic growth for this year was just raised to 4.1%. Fred Similar Threads Posted ******We can supply the HDDVB-S/T and DVB-S****** March 19, 2008, 1:09 am Buffett says oil up because of supply and demand June 26, 2008, 9:48 am Amazing Massive Apartments October 25, 2007, 1:48 pm WANT MASSIVE TAX JUMP ? PUT OBAMA IN ! September 7, 2008, 12:12 am LK<---rolling out massive Valium for Aero October 15, 2008, 9:19 am Crash coming, M-3 Money Supply for Sept October 17, 2007, 8:20 pm Oil hits record $122 on $200 oil prediction, supply concerns May 6, 2008, 11:23 am Evidence that the Bear-Stearns crisis was a massive con job. April 17, 2008, 10:15 pm Fannie Mae on Tuesday posted a massive quarterly loss May 6, 2008, 8:50 pm Re: 200 more points needed just to regurgitate yesterday's massive manipulation October 7, 2008, 3:14 pm