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http://news.bbc.co.uk/1/hi/business/8563985.stm
For once i think am right to use the hyperbold!
Mike
For once i think am right to use the hyperbold!
Mike
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Re: WOW China oil imports ROCKET!!!!!
Originally posted by Mega View PostThat's less than 2 million barrels per day below what the IEA recorded as the all time highest peak in demand in mid-2008."...The IEA has increased its global oil demand forecast for 2010 by 1.8% to 86.6 million barrels a day..."
http://www.itulip.com/forums/showthr...ion#post140616 -
Re: WOW China oil imports ROCKET!!!!!
Originally posted by GRG55 View Post
So it's time to go long on oil?Comment
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Re: WOW China oil imports ROCKET!!!!!
Peak Cheap Oil is going to be devilishly difficult to play. Back in early 1999, the last time I loaded up on oil and gas stocks, it was a no-brainer because a 20 year secular bear market was coming to an end and oil had been beaten down to well below the marginal cost of adding a new barrel. But it still took another couple of years and one more recession before oil finally "woke up"...and a lot of longs had been shaken out of the market by then and missed the run.Originally posted by thriftyandboringinohio View Post
Now oil is anything but "cheap" in a world that is struggling to increase aggregate demand enough to pull out of a global recession. But just like the stock market, oil seems to "want to go up more".
Like a lot of folks, I believe the key to short term direction will be what happens in China. Is it a bubble, or not? If yes, when will it burst? If it bursts does it take down only real estate and the Shanghai stock market, or does it reveal a lot of excess capacity throughout the productive economy, thus causing a flight from the entire commodity complex...including oil? Whoever correctly figures all that out should make some coin...Comment
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