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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8935
Posted: Feb 22, 2010 5:00
Comments: 8935
Forum Topic:
Gold, Oil & Indices (Equity & Bond Indices)
Discuss Gold, Oil & Indices (Equity & Bond Indices)
i never understood the emotional discourse of "oil dependancy' in the usa. is it a terminology uses that can be resolved in integrating state exporter in the stripe and flag.
more than 70 percent of rigs worldwide are american, directly or indirectly held through differernt form.
as for the straight of hormuz and mso its mainly hairy chest show off. no one will will create a blockade within the rail; the threat is counterbalance by the fact that for the moment no capabilities is existing in the ocean indian to balance this energy road.
the dynamics is much more complex with the review plans.
as for the russian theory so how does it make that the bulk of trading, since february march 2009, in clearport has been made by russia.
Regarding nat gas and Pickens. I agree with him 100% that we have an incredible opportunity in the US to radically reduce oil dependance with the new methods of capturing nat gas. What I don't know is if the leadership of this country will grasp the vision in time and make it a top national priority. It would create many jobs as well. If the gov gets behind it, the nat gas stocks will certainly explode.
Which is related to your other question--oil demand in the developing markets is tending towards deceleration with better fuel economy, etc. But there is so much oil growth demand in the developing world, hard to say which will win out. The abiotic theory of the Russians is very interesting. And Brazil has an amazing biofuel infrastructure, and now new deep water discoveries--it will be a major energy player in time. Iraq could make a major shift in supply as production comes back online. But the key again is timing. In the short-term I suspect military situations and hostilities could easily create another major oil spike before too long. Iran and the straight of Hormuz as just one example.
ur intesret is GLD and OIL
ur thought on that PEAK OIL(post oil) or POST MIDDLE EAST
Good luck
"I have learned many things from him (George Soros), but perhaps the most significant is that its not whether you are right or wrong thats important, but how much money you make when youre right and how much you lose when youre wrong."
worth a small trade in my opinion!!!
Guys,
Hang in there.... Ashraf has not been very accurate on Gold and Oil in the very short term, but i, as Ashraf, believe that both Gold and Oil are going down starting next month. Hang in there. I believe we are going to see 1050 on Gold and a 5 handle on Oil.
Good Luck to all