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basant
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   Posted: 20/Sep/2006 at 7:28pm |
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BubbleVision you seem to work faster then the Business news channels!
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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prosperity
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Posted: 20/Sep/2006 at 7:57pm |
While the crude corrects and goes up - but i do NOT think that it would touch $50 - nor do i think it would touch $100...
Everyone was shouting 7000 when it fell to 9000, But Did Sensex touched 7000 when it fell to 9000 ?
Think about it .. We do both - "feed" i.e fear and greed !
And Buffet said that these 3 emotions are..........
Originally posted by reetesh
See height of speculation unwind their position and run for cover.... 5 year bull market is over in Crude and at best it just might challange $77 in next one year or so and will be in range of $50 to $77... |
Edited by prosperity - 20/Sep/2006 at 7:58pm
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BubbleVision
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Posted: 20/Sep/2006 at 8:15pm |
This is someThing that i had posted on the forum on 26-Aug-06. Since most of the now regular members have joined recently, i would like to repeat....This was on a qquestion about PEAK OIL
"Example of a refilling oil field The Eugene Island story was revisited by the media three-and-a-half years later, by the Wall Street Journal (Christopher Cooper "Odd Reservoir Off Louisiana Prods Oil Experts to Seek a Deeper Meaning," Wall Street Journal, April 16, 1999). Something mysterious is going on at Eugene Island 330. Production at the oil field, deep in the Gulf of Mexico off the coast of Louisiana, was supposed to have declined years ago. And for a while, it behaved like any normal field: Following its 1973 discovery, Eugene Island 330's output peaked at about 15,000 barrels a day. By 1989, production had slowed to about 4,000 barrels a day. Then suddenly - some say almost inexplicably - Eugene Island's fortunes reversed.
The field, operated by PennzEnergy Co., is now producing 13,000 barrels a day, and probable reserves have rocketed to more than 400 million barrels from 60 million. Stranger still, scientists studying the field say the crude coming out of the pipe is of a geological age quite different from the oil that gushed 10 years ago. All of which has led some scientists to a radical theory: Eugene Island is rapidly refilling itself, perhaps from some continuous source miles below the Earth's surface. That, they say, raises the tantalizing possibility that oil may not be the limited resource it is assumed to be. "
This is also located on Global Economies Forum
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You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer!
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basant
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Posted: 20/Sep/2006 at 8:46pm |
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I clearly remember this piece.In fact I had been thinking over the for the past few days (when ever I looked at the price of crude. Good to have us updated.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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prosperity
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Posted: 20/Sep/2006 at 9:39pm |
BubbleVision,
Really Strange ... Crude would never be exhausted from Earth !!
GOD and its Nature has its own ways - to surprise us (humans)
Thanx for Sharing..
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omshivaya
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Joined: 06/Sep/2006
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Posted: 20/Sep/2006 at 11:56pm |
Ever heard of a place called "shambhala"? Do a search on google.com for "shambhala" mystery and try to know its history, myth, and all details to understand its mystery.
There are many strange things around the world that most people dont know about and things that we see and hear about around the world is manipulated by media, governments and maybe by people who are even higher than the govts. of the world that we dont know about, who control the larger picture.
So, crude is just a small thing in that large context. Bottomline being, dont believe what media or govts. hand out to us or at least: always keep an open mind as anything is possible!
Out of topic here, so do the needful if required Mr. Basant.
Enjoy! 
Edited by omshivaya - 20/Sep/2006 at 12:05pm
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The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it
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Ajith
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Posted: 20/Sep/2006 at 8:42am |
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Anything is possible on the crude oil front.Optimistically if India starts to become self-sufficient in oil in 6 years or crude cools off where is the rupee headed but up and the upward effect on sensex will be dramatic.But anything is possible..
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Ajith
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BubbleVision
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Posted: 22/Sep/2006 at 4:44pm |
The Main cause of the fall on Amaranth was the lack of Hurricanes in Gulf this season. They were Trading on spread between winter months (short) and summer months (long). Had there been an active hurricane season, the Current contracts would have rallied leaving the Winter contracts behind, thereby increasing the spread between the contracts. But due to no hurricanes, the spread between the contracts collapsed, causing Amaranth to go bellyup.
Lesson for us: Please be careful while trading these strategies....
The primary cause of the lack of Hurricanes is potentially this....
"In May this year there was a massive volcanic eruption in Russia on the Kamchatka Peninsular which went unreported by Western media. Additionally, Soufriere in Montserrat also erupted again. The effects seem to have been to create large amounts of dust in the atmosphere. This dust has absorbed huge amounts of moisture especially in the Caribbean thus denying the tropical storms their fuel to develop into a hurricane. The forces of seemingly unconnected data have conspired against us all in our speculative endeavors!
"The next natural phenomenon will probably be an El Nino. Last year was a LaNina. El Nino + Volcanic dust = greater uncertainty than usual. The dust will tend to make North American weather colder than normal. An El Nino would tend to create a warmer winter. My gut instinct is for a colder and wetter Autumn that could impact the eastern corn belt around the Great Lakes, denting the expected bumper crop."
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You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer!
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