$20 per barrel oil in 2009

**loidch** · July 20th, 2009 09:21 PM

Originally Posted by tidus1203

IMO oil has a fixed price range which is $70 +/- $15... Play along looks like we are moving up again...

how i wish oil would stay at the $70 level until the end of the year. the truth is i dread the thought of it going in the $20 per barrel territory.

my analogy of what we are in now and having the lessons learned from last year......what if bigas retails at 50 pesos per kilo now? if it were 2008 most of the people can cope up, because they still have cash in their pockets, but not anymore. good thing we did not have a shortage this year.

point is they managed to squeeze out a little more out of the uninitiated.

markets are on the bullish side since march. sana its a double peak instead of a triple valley....

**tidus1203** · July 20th, 2009 11:01 PM

Double peak in what? I don't see one in oil I do see a double peak in the US Dollar index (.DXY) though so you know what that means for oil and commodities?

**uls** · July 20th, 2009 11:41 PM

i'd like to make a little correction in my post kanina:

coz the market decided there is no way oil is not worth only $20/barrel even in a global recession

dapat: coz the market decided there is no way oil is worth only $20/barrel...

**loidch** · July 20th, 2009 11:42 PM

Originally Posted by tidus1203

Double peak in what? I don't see one in oil I do see a double peak in the US Dollar index (.DXY) though so you know what that means for oil and commodities?

the dollar and oil are inversely proportional.....who ever has lots of cash aka liquidity obviously sets the pace. sana the biggies pour it on like a fire that is soon be an inferno and keep it burning until they get burned themselves....hahaha

**uls** · July 21st, 2009 12:02 AM

dollar and oil correlation is not 100%

there are times the correlation breaks

**tidus1203** · July 27th, 2009 06:36 PM

Doing $68.68 as we speak... The trick is to learn what is a correction and a trend reversal...

**uls** · January 1st, 2010 04:56 PM

happy new year!

NYMEX crude closed at $79.36 last night

USD index 77.86

**tidus1203** · January 1st, 2010 05:41 PM

Its already 2010 and where is the idiot who wrote this article? Must be hiding...

**uls** · January 1st, 2010 06:04 PM

haha

the guy focused only on fundamentals

we know the fundamentals

we knew oil demand was low, we knew there was overcapacity

but 2009 was a year in Bizarro World

it was a year when fundamentals didnt apply

you can sense something was manipulating the markets

an invisible hand

screw the fundamentals

we looked beyond the fundamentals

we looked at what the Fed was doing

we saw the Fed debasing the USD

so we bet against the USD

**Lucius** · January 1st, 2010 06:42 PM

That's why ideas from guys like Nikola Tesla will always be on the trash

Oil companies prevent those ideas, kasi ang primary source of power over men nila ay ang oil.