European Tribune - Comments - European Salon de News, Discussion et Klatsch

European Salon de News, Discussion et Klatsch - 16. October | 125 comments (125 topical, 0 editorial, 0 hidden)

are speculating that there is a lot of brutal unwining of hedge fund money (tons of funds are fored to close and to liquidate their commodity assets - to which I add: their non-dollar assets, too) AND that a lot of the oil supply chain is unable to purchase oil due to credit crunch issues, which might lead to shortages fairly soon.

So oil might zoom up pretty high pretty fast soon.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Wed Oct 15th, 2008 at 04:25:39 PM EST
[ Parent ]

Re: The Oil Drum people (none / 1)

I'd guess the first week of November.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Wed Oct 15th, 2008 at 05:25:43 PM EST
[ Parent ]

Re: The Oil Drum people (none / 0)

Just when the IEA World Outlook of DOOM is bound to come out. :)

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid (arvid.hallen at gmail.com) on Wed Oct 15th, 2008 at 05:44:46 PM EST
[ Parent ]

Re: The Oil Drum people (none / 1)

Which makes Chris Cook's diary all the more interesting. Oil prices, as any other prices of can't-live-without commodities, are subject to sentiment.

What the Tehran conference is about is a Petrotrust: which is fundamentally different from a bourse.

You can't be me, I'm taken

by Sven Triloqvist on Wed Oct 15th, 2008 at 05:44:43 PM EST
[ Parent ]

European Salon de News, Discussion et Klatsch - 16. October | 125 comments (125 topical, 0 editorial, 0 hidden)

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