Replies to post #280920 on Zeev's Turnips Patch-No Politics (ZEEV)

[mainehiker]

well i penned about employment stats being a joke for months and was ridiculed by bearmove, and ironically he talked about oil going beserk..so you can blame or thank us!....this really sucks....hey one of bios was up, axyx..alas its only a small
pos-ition..sheesh now its sohwing down a penny..cant win anywhere, now up 7 cents on close...im rich

[nancy2]

Zeev,

While the direction of the Road Map remains unchanged, what about the target and time frame ? we are running out of time here if the Mid Sept is still the target top, for that lofty target.

TIA.

[cy esp]

Zeev, supplies of oil and nat gas are limited. Other available options, tar sands, coal, nuclear have long lead times and NIMBY problems. Bio-fuels (ethanol) generate little or no net energy. Photo-voltaic's are high cost. Wind generation is limited. I see nothing on the horizon that can meaningfully increase supply

Energy demand is increasing (China, India) and supply is at best marginally elastic. The only things I see that would decrease demand is higher prices (causing increased efficiency investments) or a global economic crash (too painful to contemplate).

I don't watch the current prices, I look at the long term strip, 5 years out, which is still mid-$30's oil and I wonder what is going to keep prices this low?

I think you should consider trading energy stocks as you do not like to short.

Best wishes to you - Cy