Bug Viagra Online
The huge discrepancy between supply and demand fundamentals and the price of oil is on full display. Consider these two recent articles. One of which discusses how demand will stay low for a long time, while Saudi Arabia is increasing supply. The other talks about how speculators have pushed up the price of far-dated futures contracts. Which, by the way, means that index specualtors will continue to experience large negative headwinds due to “roll yield.”
The International Energy Agency next week will make a “substantial” downward revision to its long-term forecast for global oil demand, a person familiar with the matter said, marking the second year running the group has slashed its view of the world’s thirst for oil….
The IEA bug viagra online, which advises rich nations, such as the U.S., on energy matters, is set to use its closely watched annual World Energy Outlook report to forecast that improved energy-efficiency measures in developed nations, as well as climate-change legislation, will help to slow the rate of global oil consumption.
A person familiar with the Paris-based IEA’s plans said “demand-management policies” are having more impact than previously expected in the developed world, which accounts for about 55% of world oil consumption.
- World Need for Oil Expected to Ease
- Spencer Swartz
- The Wall Street Journal
- November 4, 2009
Long-dated oil prices have risen to within a whisker of $100 a barrel, in a sign that investors are expecting high prices to return after the recession.
The furthest forward oil contract traded on exchanges – the December 2017 futures – rose last week to $99.97 a barrel for the Brent benchmark and to $99.43 for the West Texas Intermediate, the highest since last October.The prices have risen by 10 per cent in the past month.
“The entire crude forward curve has moved up,” said Michael Wittner, oil strategist at Société Générale – bug viagra online.“We assume that investor flows have pushed up long-dated prices.”
Hussein Allidina bug viagra online, head of commodities research at Morgan Stanley, added: “The deluge of global liquidity has contributed to lifting oil prices – along with other risky assets – since February.”
- Fears as price of long-dated oil soars
- Javier Blas, Carola Hoyos, and Gregory Meyer
- Financial Times
- November 8 2009
OPEC is increasing output at the fastest pace in two years, adding to near-record inventories and threatening speculators betting on $100 crude with losses.
The number of options contracts to buy oil at $100 by March almost quadrupled in October and increased another 5.9 percent so far this month.As traders piled in, OPEC boosted production 4 percent, or 1.1 million barrels a day, since March amid the worst global recession since World War II.
- Oil at $100 Doesn’t Compute as OPEC Output Pace Grows
- Mark Shenk
- Bloomberg
- November 9, 2009
Not only does the emperor have no clothes but he’s shamelessly dancing in our faces. When will the weak-kneed Commissioners at the CFTC put a stop to this madness?