Replies to post #172 on United States Oil Fund (USO)

[Stock]

so, the whole oil ramp was due to the olympics, and the run down is because Beijing is driving odd/even FOR the olympics?

this is an outrageous argument in my mind.

i guess i am missing the point.

maybe the real story if that China has been STOCKPILING for a couple of years and just decided to quit packing it in.

what's their strategic reserve size now?

[zsvq1p]

Thing is... Stop driving for a week...

The refineries will just shut down capacity.

I think the first car company with a midsize plug-in hybrid priced under $25K will be a big winner... that will scare the fully integrated refineries... after all.. it's all about gasoline.. right? Only so many old assets they're willing to close... I think.

Gasoline price will market adjust... or people won't drive.

Speculators rule right now...