Oil bubble to burst: Forbes

Herald Sun ^ | 30 August 2005

[montag813]

There are so many supply/demand reasons why $70 oil is not sustainable. that's his point. SHORT OIL.

I did short Crude on Sunday night, and again yesterday, but it keeps coming back up.

[NeoCaveman]

A million dollars for a hedge fund. Who all invests in them, companies and such? I am not up at all on this sort of thing but would like to know more about what a hedge fund is and who buys into them.

In general the investors in hedge funds are wealthy individuals.

Hedge funds get their name from their orignial purpose - to hedge risk. A manager would buy some things long and some short (the shorts are the ones you profit on by going down) and hope to eek out a profit between your long and short positions.

Now a hedge fund is simply an unregulated mutual fund for wealthy people to invest in. Like mutual funds there are some good ones and a lot of bad ones. I doubt the little guys, like me, are not missing anything not being in these things.

[NeoCaveman]

Oil stock prices have NOT increased in any direct proportion, to oil price increases, which validates Forbes' prediction.

My Exxon Mobil has gone sideways for the last three months, so i agree with you and Mr. Forbes.

[WOSG]

"I did short Crude on Sunday night, and again yesterday, but it keeps coming back up."

What month?

[montag813]

Oct 05 nymex via IB

[mel]

It amazes me when people idiotically say oh this war is fought over oil. I am thinking even if true, wars have been fought over less things than that.

[mel]

I doubt the demorats would back any way unless we are invaded by aliens from MARS.