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STI to cross 3000 boosted by long-term investors
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Blastoff
Elite |
12-May-2008 08:07
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In today's paper, the OPEC hinted that they may increase output to curb the rising price for crude oil. | ||||
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Livermore
Master |
12-May-2008 07:25
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I don't think that is the reason why OPEC does not want to increase output
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arowana1
Member |
11-May-2008 22:14
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why should open increase output and bring down the oil price? i mean, they are making tons of money and there is no real alternative rite? wat they are doing is pushing the limit of oil price until something breaks...
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Livermore
Master |
11-May-2008 21:40
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There have been quite a few prominant people and even economists who have been wrong about oil price. Have you ever thought why OPEC does not want to increase oil output? | ||||
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Livermore
Master |
11-May-2008 19:54
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Yes, but only 40% or 60% is only oil. I think some speculation has lead to high oil price. Then again, do you see less cars on the road now? Do you see people stop using oil? Why wait till now then speculate up oil price? Frankly up to now there has not been a real substitue for oil that can reduce its dependence on it.
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evercare
Member |
11-May-2008 16:04
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also they can't leave it hollow, need to fill it with water.
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shplayer
Elite |
11-May-2008 15:52
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Yes, this is SOP (standard operating procedure) in the in the oilfield production process.
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Livermore
Master |
11-May-2008 12:10
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Maybe next time petrol shall be $4 per litre | ||||
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ozone2002
Supreme |
11-May-2008 12:07
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strategy for next week... put warrant plays n energy related stocks.. key support for major indexes are broken..just like broke back mountain..haha trend is down for next week |
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tanglinboy
Elite |
11-May-2008 11:05
![]() Yells: "hello!" |
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That is a common technique right? They use water to pump out the oil to fully exploit the oil field. Because oil floats on water.
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Livermore
Master |
11-May-2008 07:50
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I have a friend who went to work in Middle East and he saw for his own eyes they were using water to pump out oil. We are likely to be heading for a major oil crisis
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elfinchilde
Elite |
10-May-2008 23:21
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our market is very easily controlled because of its small size. so things like the dow etc are actually just 'fronts' for movement for the BBs. it's a mixed market now, really. some have bottomed out, others are just peaking. so best to follow individual charts for counters. 3,150 is the retracement level, we're close to that now. won't expect to see a lot of action in May, the way things are going. the foreign houses have been selling off S'pore on the counters i track for the past week. Summer holiday time for them. Habits rarely change. Keep a weather eye on gold. it's been going up. If gold keeps shooting up, it means stocks will likely fall. What's to watch out for is if across the board, all stocks exhibit signs of flagging. Currently that's not the case tho. |
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Newbie2007
Member |
10-May-2008 23:00
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Hi Livermore,
Thank you so much for the excerpt.
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Livermore
Master |
10-May-2008 20:48
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The Truth About Oil - This is just a small section from an article JACKSON, WY -- According to the U.S. Department of Energy's special report, the world will face "peak oil" by 2015. But many of the world's best informed professionals think the end is much closer than that. Some, like Matthew Simmons, think that it has already passed as far back as 25 years ago. And their reasoning is disconcertingly solid.
Over in the Middle East the oil fields are already using water-flooding, a version of advanced oil recovery, to get out what oil they have left. That is a major sign that they have passed their peak of easily extractable oil. Water, Water Everywhere
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winsontkl
Elite |
10-May-2008 16:30
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Who suffer....the consumer lah....
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newmoon
Veteran |
10-May-2008 12:13
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Inflation has now been globalised. It will rear it's head like a king cobra. |
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scotty
Senior |
10-May-2008 11:39
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The high oil prices are caused by the idiot traders who speculate it upwards! | ||||
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gnoik14
Member |
10-May-2008 08:37
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now our mkt a bit funny, DOW up, we down n vice versa. ![]() |
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gondola18
Member |
10-May-2008 08:26
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Let it go down, best crash 500 pts, haha
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lookcc
Master |
09-May-2008 21:45
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if dow closes LESS than 100 pts in the red, wat does it mean........... postv or negtv crucial???
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