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307 comments on DrumBeat: January 30, 2007

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paid troll on January 30, 2007 - 10:16am Permalink | Subthread | Parent | Comments top

Wake me up when/if KSA would be unable to ramp up the production in response to the increasing demand (significant price increase).

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jkissing on January 30, 2007 - 11:45am Permalink | Subthread | Parent | Comments top

Were you awake thru aug, while price surged to 78 and sa steadily cut production, and stubbornly continued to cut up to nov, when opec provided a fig leaf for an apparently reluctant sa to enact more cuts?

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fireangel on January 30, 2007 - 2:55pm Permalink | Subthread | Parent | Comments top

You could have bought dec o06 futures for $20 on 2002. Shows how much the market anticipates the future. The only change has been that long dated futures are now above the spot price.

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capslock on January 30, 2007 - 12:01pm Permalink | Subthread | Parent | Comments top

That happened first in the Summer of 2004.

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