Forum > View Topic
by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
Posted: Feb 22, 2010 5:00
Comments: 8936
Forum Topic:
Gold, Oil & Indices (Equity & Bond Indices)
Discuss Gold, Oil & Indices (Equity & Bond Indices)
White House Covers Up Menacing Oil "Blob"
In an exclusive for Oilprice.com, the Wayne Madsen Report (WMR) has learned from Federal Emergency Management Agency (FEMA) and U.S. Army Corps of Engineers sources that U.S. Navy submarines deployed to the Gulf of Mexico and Atlantic Ocean off the Florida coast have detected what amounts to a frozen oil blob from the oil geyser at the destroyed Deep Horizon off-shore oil rig south of Louisiana. The Navy submarines have trained video cameras on the moving blob, which remains frozen at depths of between 3,000 to 4,000 feet. Because the oil blob is heavier than water, it remains frozen at current depths.
Lucky, Chloe, Gunjack, Catnip...are you guys partying?
Asad
Alternative scenario: Above 107.5 look for further upside with 111 & 114.5 as targets.
as long as 107.5 is resistance, expect a return to 99.5.
Let me know what you think....
Asad
Yes, it WILL eventually go to 75...but not before breaching 70. Well, I came to write a bit late...but I had this belief when oil was 'floating' at 73.
Lucky mate...you may even get your 68. I sold some of the May contract near 72...now I'm collecting again.
Hope to join you under 70.. ;)
Asad
anyone there??