NYMEX Crude Down $4
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NYMEX Crude Down $4 on High Volume
The story is that TS Edoardo is not disruptive and Obam's comments on releasing oil from the SPR.
These are short-term reasons for a predicted massive sell-off despite the official story you've been getting that the peak oil price is due to long term scarcity. If that were true, today's massive compression should not have happened (the volume would not be there to drive a $4 drop).
As far as competence of the presidential candidates, Obama is very astute. He knows the peak oil hypothesis is flimsy at best and realizes that it will respond to a short term signal, like reduction of the SPR, favorable to the consumer needing short-term relief. Delivered!
Very smart! Very astute! Even better... he's behavimg in a highly effective, pragmatic way, and he's not even chief executive yet.
He's proving highly effective and he's just getting started!
Obama 2008!!
Very best wishes.
The story is that TS Edoardo is not disruptive and Obam's comments on releasing oil from the SPR.
These are short-term reasons for a predicted massive sell-off despite the official story you've been getting that the peak oil price is due to long term scarcity. If that were true, today's massive compression should not have happened (the volume would not be there to drive a $4 drop).
As far as competence of the presidential candidates, Obama is very astute. He knows the peak oil hypothesis is flimsy at best and realizes that it will respond to a short term signal, like reduction of the SPR, favorable to the consumer needing short-term relief. Delivered!
Very smart! Very astute! Even better... he's behavimg in a highly effective, pragmatic way, and he's not even chief executive yet.
He's proving highly effective and he's just getting started!
Obama 2008!!
Very best wishes.
The graphs of supply and demand say it all. The end of the oil age is approaching fast.