Oil *was* a bubble

[Arraya]

If you’re smart, you’ll stop ripping Rich and you’ll focus on spotting the right price to buy oil stocks at fire-sale prices.

Richard Rainwater billionaire energy investor and friend to the administration just put about 300 million back into oil. Note: He exited at $130, he might know something…

[NotCranky]

Did you read this OP? “Thoughts on the Stock Market, Oil, and the Economy”.
The link is in the upper right hand corner of this blog.

From the article.
“One last point on oil. As commodity expert Jim Rogers points out, there have been three oil price corrections of between 40%-50% since the oil bull began earlier this decade. That means that oil could fall to $75 per barrel and it would still be a routine correction as far as the long term bull market is concerned.
We think there will indeed be a very steep correction in the oil price at some point — but we don’t think it will be the end of the oil bull when it happens. That’s a misunderstanding we hope to take advantage of when the time comes.”

How could he be wrong unless oil goes to $75 and lays flat for a long while? As it stands, he is doing pretty good.

[NotCranky]

Did you read this OP? “Thoughts on the Stock Market, Oil, and the Economy”.
The link is in the upper right hand corner of this blog.

From the article.
“One last point on oil. As commodity expert Jim Rogers points out, there have been three oil price corrections of between 40%-50% since the oil bull began earlier this decade. That means that oil could fall to $75 per barrel and it would still be a routine correction as far as the long term bull market is concerned.
We think there will indeed be a very steep correction in the oil price at some point — but we don’t think it will be the end of the oil bull when it happens. That’s a misunderstanding we hope to take advantage of when the time comes.”

How could he be wrong unless oil goes to $75 and lays flat for a long while? As it stands, he is doing pretty good.

[NotCranky]

Did you read this OP? “Thoughts on the Stock Market, Oil, and the Economy”.
The link is in the upper right hand corner of this blog.

From the article.
“One last point on oil. As commodity expert Jim Rogers points out, there have been three oil price corrections of between 40%-50% since the oil bull began earlier this decade. That means that oil could fall to $75 per barrel and it would still be a routine correction as far as the long term bull market is concerned.
We think there will indeed be a very steep correction in the oil price at some point — but we don’t think it will be the end of the oil bull when it happens. That’s a misunderstanding we hope to take advantage of when the time comes.”

How could he be wrong unless oil goes to $75 and lays flat for a long while? As it stands, he is doing pretty good.

[NotCranky]

Did you read this OP? “Thoughts on the Stock Market, Oil, and the Economy”.
The link is in the upper right hand corner of this blog.

From the article.
“One last point on oil. As commodity expert Jim Rogers points out, there have been three oil price corrections of between 40%-50% since the oil bull began earlier this decade. That means that oil could fall to $75 per barrel and it would still be a routine correction as far as the long term bull market is concerned.
We think there will indeed be a very steep correction in the oil price at some point — but we don’t think it will be the end of the oil bull when it happens. That’s a misunderstanding we hope to take advantage of when the time comes.”

How could he be wrong unless oil goes to $75 and lays flat for a long while? As it stands, he is doing pretty good.

[NotCranky]

Did you read this OP? “Thoughts on the Stock Market, Oil, and the Economy”.
The link is in the upper right hand corner of this blog.

From the article.
“One last point on oil. As commodity expert Jim Rogers points out, there have been three oil price corrections of between 40%-50% since the oil bull began earlier this decade. That means that oil could fall to $75 per barrel and it would still be a routine correction as far as the long term bull market is concerned.
We think there will indeed be a very steep correction in the oil price at some point — but we don’t think it will be the end of the oil bull when it happens. That’s a misunderstanding we hope to take advantage of when the time comes.”

How could he be wrong unless oil goes to $75 and lays flat for a long while? As it stands, he is doing pretty good.

[peterb]

Demand destruction is cranking up big time and oil is getting hit hard. $70 wouldnt surprise me at all. And OPEC always cheats on eachother. So that’s probably not gonna work either.
But, we are addicts and when things start to turn around, watch out! It’s gonna blast off again. Only question is “when”. Could be quite a while…unless the world gets a little conflict going in all the wrong places. Perhaps Rainwater is betting on some unrest? He is pretty close to the shrub family. Come to think of it, probably not a bad idea to follow his lead with a little something/something in the DIG. It is getting low. Maybe buy at the end of tomorrows carnage? I’m liking that.

[peterb]

Demand destruction is cranking up big time and oil is getting hit hard. $70 wouldnt surprise me at all. And OPEC always cheats on eachother. So that’s probably not gonna work either.
But, we are addicts and when things start to turn around, watch out! It’s gonna blast off again. Only question is “when”. Could be quite a while…unless the world gets a little conflict going in all the wrong places. Perhaps Rainwater is betting on some unrest? He is pretty close to the shrub family. Come to think of it, probably not a bad idea to follow his lead with a little something/something in the DIG. It is getting low. Maybe buy at the end of tomorrows carnage? I’m liking that.

[peterb]

Demand destruction is cranking up big time and oil is getting hit hard. $70 wouldnt surprise me at all. And OPEC always cheats on eachother. So that’s probably not gonna work either.
But, we are addicts and when things start to turn around, watch out! It’s gonna blast off again. Only question is “when”. Could be quite a while…unless the world gets a little conflict going in all the wrong places. Perhaps Rainwater is betting on some unrest? He is pretty close to the shrub family. Come to think of it, probably not a bad idea to follow his lead with a little something/something in the DIG. It is getting low. Maybe buy at the end of tomorrows carnage? I’m liking that.

[peterb]

Demand destruction is cranking up big time and oil is getting hit hard. $70 wouldnt surprise me at all. And OPEC always cheats on eachother. So that’s probably not gonna work either.
But, we are addicts and when things start to turn around, watch out! It’s gonna blast off again. Only question is “when”. Could be quite a while…unless the world gets a little conflict going in all the wrong places. Perhaps Rainwater is betting on some unrest? He is pretty close to the shrub family. Come to think of it, probably not a bad idea to follow his lead with a little something/something in the DIG. It is getting low. Maybe buy at the end of tomorrows carnage? I’m liking that.

[peterb]

Demand destruction is cranking up big time and oil is getting hit hard. $70 wouldnt surprise me at all. And OPEC always cheats on eachother. So that’s probably not gonna work either.
But, we are addicts and when things start to turn around, watch out! It’s gonna blast off again. Only question is “when”. Could be quite a while…unless the world gets a little conflict going in all the wrong places. Perhaps Rainwater is betting on some unrest? He is pretty close to the shrub family. Come to think of it, probably not a bad idea to follow his lead with a little something/something in the DIG. It is getting low. Maybe buy at the end of tomorrows carnage? I’m liking that.

[scaredyclassic]

5 year plan. buy gold and oil.

[scaredyclassic]

5 year plan. buy gold and oil.

[scaredyclassic]

5 year plan. buy gold and oil.

[scaredyclassic]

5 year plan. buy gold and oil.

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