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(Marketwatch)   Don't give up on oil yet. It has so much more overinflated value to lose   (marketwatch.com) divider line 12
    More: Unlikely, West Texas Intermediate  
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1186 clicks; posted to Business » on 18 May 2012 at 9:09 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-05-18 09:15:08 AM
FTFA: "So this past month, the market "took a step back and refocused on the actual fundamentals now, rather than some possibility of future supply disruptions," he said."

Read - we lost money gambling on war with Iran, and now may have to actually look at the fact that demand in the number one market is down and may be getting squeezed out by our gambling.
 
2012-05-18 09:22:21 AM
mw4.wsj.net
Who farted?
 
2012-05-18 09:39:47 AM
Futures are down 12%, yet our prices jumped $0.20 per gallon the other day. Makes sense.
 
2012-05-18 09:54:09 AM
It's good that the penalty for reckless gambling and falling for get-rich-quick schemes is "losing all or more of your investment."

/HAHA
 
2012-05-18 09:56:43 AM

babysealclubber: Futures are down 12%, yet our prices jumped $0.20 per gallon the other day. Makes sense.


If you shut down multiple refineries for maintenance, the supply / demand situation changes.
 
2012-05-18 10:02:37 AM

SVenus: babysealclubber: Futures are down 12%, yet our prices jumped $0.20 per gallon the other day. Makes sense.

If you shut down multiple refineries for maintenance, the supply / demand situation changes.


Too bad I'm not on the west coast.
 
2012-05-18 10:07:02 AM
Please don't give up on oil because we're trying to unwind our overbought positions and the only way we can do that and not lose our shirt is if we inform the general public that now is a great time to buy some oil contracts.

/fixed that for the author
 
2012-05-18 10:34:29 AM

babysealclubber: SVenus: babysealclubber: Futures are down 12%, yet our prices jumped $0.20 per gallon the other day. Makes sense.

If you shut down multiple refineries for maintenance, the supply / demand situation changes.

Too bad I'm not on the west coast.


East Coast refineries are being closed outright. At least the West Coast ones will re-open eventually.
 
2012-05-18 10:40:29 AM

Big_Fat_Liar: It's good that the penalty for reckless gambling and falling for get-rich-quick schemes is "losing all or more of your investment."

/HAHA


media.tumblr.com

obligatory
 
2012-05-18 10:55:32 AM

Deneb81: FTFA: "So this past month, the market "took a step back and refocused on the actual fundamentals now, rather than some possibility of future supply disruptions," he said."

Read - we lost money gambling on war with Iran, and now may have to actually look at the fact that demand in the number one market is down and may be getting squeezed out by our gambling.


ARRGGH. I hate when speculators do this shiat...."focused on the actual" WHICH IS WHAT YOU SHOULD BE DOING. Libya, the non existant Iran thread, possible hurricans farted from unicorns. The "what if" farks our wallets so much.
 
2012-05-18 12:54:21 PM
When it hits the anus?
 
2012-05-18 01:30:20 PM
Well as long as my futures in Glenn Beck gold are still good. What? FML!!!
 
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