Replies to post #445857 on Zeev's Turnips Patch-No Politics (ZEEV)

[madrose1]

saw that , caveat=no flare-ups with any extended cold or storms ...

10day so far looks good
http://www.weather.com/weather/tenday/USNY0996?from=search_10day

[Ian56]

I reckon crude will go to nearer $40 but that will take a while into next year.

There never has been a shortage of oil. There is a shortage of refinery capacity. Crude production is set to rise in 2006 & 2007 with new fields and supply routes outweighing the decline in old fields.

Goldman exited their large long position near the highs with their call for $105 oil.

The hot money is now playing something else.

Regards,
Ian