Replies to post #21514 on Value Microcaps Motherboard

[stylecounciler]

stock peeker, thanks for the clarification. by offering oil for sale from their reserves, is more of a physiological play.

there is plenty of oil available wolrdwide for sale. with the perseption that oil production has peaked, it's just the price people are willing to pay that is the problem.

this european offer may just be something to try to offset the fact that damage to Gulf of Mexico, costal and offshore facilities, is worse than most peolpe are aware of yet.

[stock_peeker]

Keep in mind, too, that fewer US refineries operating has resulted in fewer bidders for the crude, thus the price of crude has drifted lower due (seemingly, but not really) to less demand. This is an artificial effect. As the refined product is made available by other countries for auction to US companies next week, prices for crude and refined product will probably begin to surge higher again. . .

IMHO, since oil price has dropped over the weekend, Monday and Tuesday may be good days to buy oil companies or oil futures, as I think crude oil and oil producers (with uninterrupted supply) will continue their upward movement in coming weeks.