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2008-12-15 Home Front Economy

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Posted by tipper 2008-12-15 09:59|| || Front Page|| [2 views ] Top

#1 OPEC will have a hard time holding to any large production cuts. Too many of the cohorts have grown to depend on high oil prices and need money badly. OPEC has no good method to control it's members. They're on the honor system. Looks to me like now is a good time to sell oil futures.

Posted by Richard of Oregon 2008-12-15 12:17|| 2008-12-15 12:17|| Front Page Top

#2 FT.com just let out a story about 50million bbls. being stored in floating armadas of oil tankers. Now the price is coming right back down, $44.50 last I looked.

Posted by bigjim-ky 2008-12-15 23:32|| 2008-12-15 23:32|| Front Page Top

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