OPEC to cut oil production....
 

.....by 500,000/barrels per day. Oil was about to go under $100/barrel too.

Good. I hope it never gets under $100 again. This is a good price range... not too scary high and not so low as to prevent the development of alternative energy or waste the oil we currently have in Hummers.

I agree
long term, $100 oil is good
Now lets work on some alternative engergy production instead of just drilling for more

this will be great... the usd will decline further...

They'll use it as an excuse to bid it up.

In reality they're just curbing overproduction

10 to 1 - that McCain will somehow spin it that it's Obama's fault..... and of course the american people will eat it up. :disgust

when gas hits under $3.00, then we can talk over production... :2 cents:

personally, i dont care..

i cant wait til europe opens tonight.. dollar going to continue to slide for the rest of the week..

Agree 100%
:2 cents:

Oil and Gas have no business being at the range they're in.

Thats why we see demand destruction, etc.

I agree with you.

I wish I had a patch of sand in the desert with a couple of wells.....

Why, your evil neighbors would just sit in their patch on there side and vertical drill your ass cause your a nobody to them. If you dared to bitch or take action then you would possibly have to deal with the US military up in your ass. Well that's assuming I can use history as an indicator.

That would be " slant drilling " .


http://en.wikipedia.org/wiki/Slant_drilling

Ok correction on the actual term.

Isn't vertical the way they usually do it?

Depends on what you call a "usual" drill. Most offshore drilling is direction drilling. Larger onshore platforms too. Small Appalachian gas drills not so much.

Like baddog actually cared. The guy just has to leave a retarded little comment in every thread he visits, he knows jack about jack, and that won't change.

he's delusional... its not his fault.. if you were 75 years old, you might spout nonsense too..

you should see the shit he posts on the AARP forum, it makes no sense either...

quite the opposite. the USD is making a great comeback. large hedge funds have had their buy positions since spring.

this leads to the fall in crude oil prices. i believe they are denominated in USD, so as the USD rises, the oil prices must fall. one of the reasons why OPEC kinda ignored USA was because of the fall in USD, which would mean less cash for the sand playboys, and lo behold prices shot up and they are happier than ever, but once usd completely strengthens (will never happen for quite some time), oil price should be much lower than it is now.

i trade currency for a living... you are correct, commodities low/dollar high...

cutting supply will make oil rise/dollar fall...

and i am not even getting into the other factors that are making dollar fall...

i am too tired to expand, but all the answers for this week are here: forexfactory.com/calandar.php

I know I was thinking horizontal but for some reason had a brain fart and typed vertical instead.

you would out-earn any other business pretty quickly

ooooohhh some folx have been watching lots of Wildcatters i seeee

yea i used to be a forex trader myself. now doing investing more....daytrading was too much pressure for me.

there are so many other factors that we dont know.....i was just speaking sorta from whati've read from some magazines.....

lame man lame.

Actually the USD is on the rise lately.

:2 cents: