Edited by Cirrus, 11 April 2007 - 12:02 PM.
Let's All Go On Record
#1
Posted 11 April 2007 - 12:01 PM
#2
Posted 11 April 2007 - 12:05 PM
no offence, but how does being an "outstanding trader" make one an expert on crude oil production?Reply to question and respond to thread with a 1, 2 or 3. It will at least be interesting to see the psychology of some outstanding traders here with regard to crude oil production. We'll use trailing EIA data of world crude oil production in MBpD.
I'll start by saying:
1--we may be there now.
#3
Posted 11 April 2007 - 12:11 PM
#4
Posted 11 April 2007 - 12:55 PM
#5
Posted 11 April 2007 - 01:09 PM
#6
Posted 11 April 2007 - 01:20 PM
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
#7
Posted 11 April 2007 - 02:08 PM
Edited by NAV, 11 April 2007 - 02:09 PM.
#8
Posted 11 April 2007 - 02:25 PM
I think production will continue to increase a little for some years. I expect demand to increase faster so rising prices are gonna have to keep a lid on it.
johngeorge
#9
Posted 11 April 2007 - 02:50 PM
Reply to question and respond to thread with a 1, 2 or 3. It will at least be interesting to see the psychology of some outstanding traders here with regard to crude oil production. We'll use trailing EIA data of world crude oil production in MBpD.
I'll start by saying:
1--we may be there now.
I can't tell you what's underground and below the sea; but the petroleum area i is one of the major thrusts that I am concentrating on now in in the future. From a cycle point of view, I believe we crude is currently bottoming and will go higher the rest of the year. It should set new all-time highs by 2008. When will it bottom --when the monthly close back above $62/bl. My current projections are for $ 95.60 +/- 6.45/bl in the next 18 month cycle. What will negate my projections: $ 52/bl. MDW
Be Sure to Perform Your Own Due Diligence
#10
Posted 11 April 2007 - 04:12 PM