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Ezra

135USD is simply not sustainable!! Protest & Riots & Strike is a daily  happening.

The reality is that there is no shortage of oil ....really. The American has enough of playing sucker and if Helicopter Ben said no to interest rate cut. The dollar will rise. I have already heard echo to buy dollar as major investment hse see the USD just can't get weaker.

G8 just issue a statement that they will form a task force to investigate the super spike in oil price, the report will be out in October.  If they find something not to their amusement, they may take action.

You may or may not know that the NYMEX can always issue trading restriction to prevent buying of oil futures contract.  When that happens, oil price will collaspse.  Also equally super.

Is oil and gas play coming to an end ? Would you buy oil at 135USD ? Have you park your car earlier instead of going out ? Will you want to buy a new car ?

Just my thought in the night.

 

wonder y ezra is sold down ? got at $2.6..now $2.58...is it down under a bearish trend along with the other oil stks? kind advice needed..

after sino and stx po sharp sell down in 3 days....i am blurred with losses ...last counter on hand...

thanks