There are many who celebrate in anticipation of a sharp price drop in crude. I do think
the price of crude will collapse.

However there is a downside to consider. What the Fed fears most of all is deflation. They
are thus willing to attempt to inflate us out of this economic crisis with rate cuts and
easy lending policies through the discount window and newly created auction facilities.

What we are witnessing is the greatest boxing match in financial history. In one corner:
deflation; in the other: inflation. Eventually deflation will deliver a knockout blow to
inflation, and we all will regret the result.

The price of oil will deflate, and take down the prices of all asset classes, including
stocks.

Of course we may respectfully disagree on this and that’s fine. I hope I am wrong.

$120.95 I Read Someplace Out There in the Wide world web tonight.

$118.00 in 1 week ? 3 weeks before Memorial Day.

Seems The rising in Crude actually made people save Oil. 114,000 barrels saved in One
month.

When looking at Paris.Please think of the Eiffel tower as One Big Hugh Oil RiG.

HeHe

Have you heard about the Denali Pipeline? It will go from Alaska to Chicago. It is being
done by the big oil companies not the government. I am no fan if big oil but if
government does anthing they will screw it up.

Maybe in 20-30 years, when there are real alternatives?

Thought you ment $75 per gallon of regular ... oops!

SomeOne Wrote This:

The democrats are idiots.That may help a very little in the short term but what about the
long term? Oil prices are all about supply and demand.You either have to increase supply
or decrease demand. We have to start drilling here in the U.S. thats it! These idiots love
to blame President Bush for everything. He is the greatest leader this country has had in
a long time.Lets become more Energy Independent and stop relying on Foreign Countries.

Honestly when I saw the 75 dollar number I thought wishful thinking.

If they want to lower the price all they have to do is allow more piplines in the US and
allow offshore drilling.

That would cripple Oil prices

I am not bearish at all on oil. I hope my post didn't reflect that.

My point is that I am more bullish on energy and energy services as now they can use $75
as the lowest oil will likely go for quite some time.

How does the Senate know that $75 is a fair price for a barrel of oil? Don't you need
more supply, or a viable alternative, to make a price of a commodity down? Hasn't
Congress restricted the supply of oil with drilling restrictions?

What a bunch of idiots. Those that can, do. Those that can't, govern.

Just look @ This

in China 25 out of 1000 people own cars

in India 25 out of 1000 people own cars

thats a combined population of 3 billion!

in the United States 800 out of 1000 people own cars

Tata motors now makes a 2,500 dollar car


BULL MARKET for Oil it'll probably go to 100 but not for long!

Last edited on: 05-13-2008 08:15 pm

Might I remind you that oil today hit $124.23 per barrell and shows no sign of coming
down.

Last edited on: 05-13-2008 06:59 pm