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

European Salon de News, Discussion et Klatsch - 21. July | 84 comments (84 topical, 0 editorial, 0 hidden)

Re: This, That, and the Other (4.00 / 2)

Well oil prices have dropped somewhat. The question is will they stay down?

"Beware of the man who does not talk, and the dog that does not bark." Cheyenne

by maracatu on Sun Jul 20th, 2008 at 03:13:41 PM EST
[ Parent ]

Re: This, That, and the Other (4.00 / 2)

who knows ? There seems to be a disconnect between price and market conditions right now that is hard to judge.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Sun Jul 20th, 2008 at 04:54:22 PM EST
[ Parent ]

no real disconnect (4.00 / 5)

the price fall in recent days had simple explanations:

Bernanke's bearish comments on the US economy (suggesting lower demand);
higher than expected US stocks;
talks with Iran reducing the war premium.

It's likely to be temporary.

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

by Jerome a Paris (etg@eurotrib.com) on Sun Jul 20th, 2008 at 06:26:51 PM EST
[ Parent ]

Re: This, That, and the Other (4.00 / 2)

It is hard to see my links but my second link had been to a weather phenomenon in the form of tropical storm Dolly in the Gulf of Mexico which likely will send prices up again.

Sorry! I'll make it more explicit next time!

"Beware of the man who does not talk, and the dog that does not bark." Cheyenne

by maracatu on Sun Jul 20th, 2008 at 07:14:14 PM EST
[ Parent ]

Re: This, That, and the Other (none / 1)

Oh no, I saw that, but I remember the price spike in the US after Katrina had nothing to do with the market whatsoever, but was a temporary speculative frenzy. I expect nothing different this time.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Mon Jul 21st, 2008 at 05:31:05 AM EST
[ Parent ]

No it was not a speculative frenzy (none / 1)

several refineries were offline for a while, thus creating serious shortages in gas (solved thanks to Europeans sending their strategic reserves, given that the US only has oil strategic reserves, not gas ones). Oil production was also seriously reduced for a while.

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

by Jerome a Paris (etg@eurotrib.com) on Mon Jul 21st, 2008 at 12:05:29 PM EST
[ Parent ]

European Salon de News, Discussion et Klatsch - 21. July | 84 comments (84 topical, 0 editorial, 0 hidden)

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