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Oil bubble to burst: Forbes
Herald Sun ^
| 30 August 2005
Posted on 08/29/2005 10:55:27 PM PDT by Aussie Dasher
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To: Lejes Rimul
Most funds should be diverse enough so that crude falling back to where it was 36 months ago won't be catastrophic for most people unless they intentionally set up their fund to be heavy on energy.
21
posted on
08/29/2005 11:20:54 PM PDT
by
RWR8189
( Extremism in defense of liberty is no vice. Moderation in the pursuit of justice is no virtue.)
To: Lejes Rimul
then fund managers will learn to know better, and in any case ordinary americans will when they get wise to it they will be on a warpath to lynch the fund managers that put the financial end of this crisis in motion by skyrocketing oil/gas prices. They should be dealt with like the pillagers of Enron et al.
22
posted on
08/29/2005 11:22:23 PM PDT
by
Schwaeky
(The Republic, will be reorganized into the first American EMPIRE, for a safe and secure society!)
To: FreedomNeocon
duh,? I don't get it. maybe if I sent you a thousand dollars could you maybe like explain more about why I is so dumb. Huh?
23
posted on
08/29/2005 11:24:18 PM PDT
by
wildcatf4f3
(this country could use a good purge)
To: Schwaeky
I'm glad to see you're willing to fight your private little war against oil speculators down to the last ordinary American.
24
posted on
08/29/2005 11:25:48 PM PDT
by
Lejes Rimul
(Paleo and Proud)
To: Aussie Dasher
Praying the Forbes is right!
25
posted on
08/29/2005 11:27:36 PM PDT
by
Dustbunny
(The only good terrorist is a dead terrorist)
To: Aussie Dasher
RECORD oil prices this week were evidence of a speculative market bubble I keep wondering if this is Soro's manipulation of oil futures hoping to make dubya look bad.
26
posted on
08/29/2005 11:30:23 PM PDT
by
Dustbunny
(The only good terrorist is a dead terrorist)
To: Aussie Dasher
oil bubble... that I believe
27
posted on
08/29/2005 11:30:40 PM PDT
by
Porterville
(Liberal Babyboomers will by anything that stinks of hippy.... So crap on a stick and sell baby sell)
To: Aussie Dasher
I have heard one more explaination that seems to make sense...because it follows the law of supply & demand.
Energy production runs 15-20-year cycles. That's about how long it takes to develop new technologies, production, & accceptance in the market.
The way it works is there is an energy shortage. Prices surge. The higher prices make new technology/new production fiscally attractive to the private sector. New energy sources are found and developed. The shortage turns into a surplus, and prices drop. But now we have all this new production capacity, more than can be utilized.
Over time, energy use/consumption catches up with that excess production/capacity. The supply/demand equasion reaches equilibrium. Then the demand side keeps growing, causing a shortage again. The cycle repeats.
We're at the stage where our demand has surpassed our supply side of the equasion. (Well, not really. Just at "reasonable" prices.) Even now, new technologies and new sources of energy are being considered, now that they're economically feasable. The supply side will catch up with the demand side soon.
28
posted on
08/29/2005 11:32:25 PM PDT
by
mukraker
To: DaiHuy
Would you rather see it go to six dollars a gallon in that same 36 months??
29
posted on
08/29/2005 11:33:53 PM PDT
by
Ursus arctos horribilis
("It is better to die on your feet than to live on your knees!" Emiliano Zapata 1879-1919)
To: snarks_when_bored
Only a wounded lion would be more dangerous than a hungry lion. But, force our backs to the wall, and the world might see the US react like a hungry, and a wounded lion.
30
posted on
08/29/2005 11:40:12 PM PDT
by
Ursus arctos horribilis
("It is better to die on your feet than to live on your knees!" Emiliano Zapata 1879-1919)
To: Dustbunny
This is also what I have long suspected. I would wager that Soros and his cronies have been working this program since long before the last election.
To: woofie
You and I! Who bailed out the savings and loan mess of the 80's? I wish our government didn't work that way but as I've said earlier this very night. The rich and powerful protect the rich and powerful.
32
posted on
08/30/2005 12:26:45 AM PDT
by
kublia khan
(absolute war brings total victory)
To: Ursus arctos horribilis
Yes, I could've added 'wounded'. Good point.
To: Aussie Dasher
Personally, I'd like to see the Strategic Oil Reserve full. The name should be clue enough for all. Concept: Just how does one fight a war when the first weapon used is the nation being cutoff from the it's supply of oil?
34
posted on
08/30/2005 12:57:49 AM PDT
by
I_dmc
To: Aussie Dasher
Until the bubble keeps on growing, I will ride the bubble buying XTO and Lufkin.
To: Aussie Dasher
The oil bubble will burst. The gasoline bubble may not drop as much. No new refineries built in USA since 1976.
36
posted on
08/30/2005 2:13:11 AM PDT
by
gpapa
(Boost FR Traffic! Make FR your home page!)
To: MikeinIraq
37
posted on
08/30/2005 2:24:30 AM PDT
by
Finalapproach29er
(Americans need to remember Osama's "strong horse" -"weak horse" analogy. Let's stop acting weak.)
To: Aussie Dasher
I doubt this. There an election in 14 months. The elite rats will ensure that speculation continues to push the price of oil. This bubble won't burst until mid-November 2006.
38
posted on
08/30/2005 2:42:15 AM PDT
by
Caipirabob
(Democrats.. Socialists..Commies..Traitors...Who can tell the difference?)
To: gpapa
It took 5 years for oil to fall from the peak of the early 80s. At these prices, demand will fall/cease to rise as quickly as people move to alternatives.
For instance, we bought two Diesel cars that get 50mpg to replace two 22 mpg gasoline vehicles. Now our gasoline consumption is zero. Our oil consumption is down by >50%.
Not economically sensible, but it does reduce domestic oil consumption. Next step - secure a one or two hundred gallons of Diesel to be able to refuel from home for a couple of months. My consumption will look to rise, but then drop to zero for a while. Others will act. We live in interesting times.
39
posted on
08/30/2005 3:57:28 AM PDT
by
Paladin2
(Don't Tread on Me; Live Free or Die)
To: Lejes Rimul
Anyone who has a significant amount of retirement money invested in such a volatile (no pun intended) commodity as oil is:
(1) setting themselves up for large swings either way, for which they had better be prepared; and
(2) marching in step with Hillary, Harry, and Nancy in that what is good for them personally is disastrous for the American economy.
40
posted on
08/30/2005 7:24:53 AM PDT
by
Uncle Fud
(Imagine the President calling fascism a "religion of peace" in 1942)
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