the latest on oil +=+=+=, page-10

re: the latest on oil // more answers BW,

Still playing games and get some upset?

I think you really need to think this thing through and not just use reports.

You said that oil would be $25 by Xmas and gold would be $250.

Then you made a third blunder by saying that the USD was strengthening and had a great future.

Then you recommended everyone to buy $US. I had to correct all that by mentionining that the US doesn't want a high dollar but prefers a lower one than at present.

So instead of 84 cents, we are thinking of 75 cents. It should go lower than 70 actually but the EU won't tolerate a too low dollar.

So, if people had taken your advice, they would have lost big money.

Now you are on about a lower price of oil. Apart from factors mentioned by others, the supply cannot be guaranteed due to possible sabotage, strikes etc.

But the most important one is the USD which for starters is to drop say 10%. Normally, one could add that percentage to oil prices over time.

Most oil analysts don't look at oil over the very short terrm but they are interested in the medium term supply and reserves.

Most important: Prices don't move in a straight line but move within bands. I accepted $45 medium term. That means that prices may well move within a band 42-48.

Gerry