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HIGH Oil Prices.

The only way to lower the oil price is to jail all the speculators! 

cyjjerry85      ( Date: 29-May-2008 14:44) Posted: there have been protests worldwide and pressure being added to the governments to do something

 

he he, smart sian!!buy 4 D so chun hoe shei leow. needs to leave the screen now, attend daughter Ngee Ann graduation ceremony. Ayah, got to know nightmare not end yet, she got place in NTU,need to tighten the belt leow, minus a bottle of beer per day, ha ha..

Dun worry, son took time off to send us there. BTW, taking a cab in tech whye, very difficult one.

teeth53      ( Date: 29-May-2008 10:03) Posted: I know whom U refer to........ Ha ha..

 

there have been protests worldwide and pressure being added to the governments to do something

 

Few days back was 135; yesterday about 126; now trading at about 130-131.

I expect crude oil to trade to 150 in the month of june/july... inflation worldwide leow... central bankers will have no choice but to hike rates in 4Q or sooner. Investors should stay away from long bonds while those prefering fixed income should stick with short bonds offering good yields only.

cyjjerry85      ( Date: 29-May-2008 09:53) Posted: oil price up fast...down also equally fast i wonder any of our forummers trade oil? if i m not wrong, i think POEMS offer oil futures and IG Markets offer to trade oil...

 

I know whom U refer to........ Ha ha..

 

Ha, we hv one Ms Chua, brilliant lady, but she is not on the trade you suggested. Keep on finding loh!!

 

oil price up fast...down also equally fast

i wonder any of our forummers trade oil? if i m not wrong, i think POEMS offer oil futures and IG Markets offer to trade oil...
 

 

Will we hv another Ms Lum of another kind to solve those problems facing us, like water, weather now aday seem getting hotter.

AK_Francis      ( Date: 27-May-2008 00:28) Posted: Yoh, yrs ago when over the courseway shouting for cutting water supply and increase selling prices, Spore intented to use roof top to collect rain water. However, when Ms Lum came into picture, issue solved, no water issue. Gov later thought of making green on top of the building but who volunteers to take care? And later due to oil hike, gov thought of solar cells on top of the building to bright the building at nite and heating up the water tank water for those come late nite at home. AK salute them, the wise guys around us.

 

Roof top to collect water... Planting veggie on roof top,.... putting solar panels on roof top...

phew! luckily all those are not implemented. Why luckily? The first 2 ideas would ensure plenty of mosquito breeding on top of your residences. The 3rd idea works in places if no birds around. Singapore so many birds on top and flying around... plenty of bird shits dropping on the solar panels. In time, the solar efficiency will be so bad to ensure plenty of maintenance needed... not viable.

 

Yoh, yrs ago when over the courseway shouting for cutting water supply and increase selling prices, Spore intented to use roof top to collect rain water. However, when Ms Lum came into picture, issue solved, no water issue. Gov later thought of making green on top of the building but who volunteers to take care? And later due to oil hike, gov thought of solar cells on top of the building to bright the building at nite and heating up the water tank water for those come late nite at home. AK salute them, the wise guys around us.

 

World   May 26, 2008, 8.15 pm (Singapore time) Soros says oil boom is increasingly speculative LONDON - Soaring oil prices are increasingly the result of speculation, financier George Soros said in an interview published on Monday. The billionaire investor said the money pouring into the oil market increasingly had the look of a bubble, but that it would not burst until both the United States and Britain were knocked into a recession. 'Speculation ... is increasingly affecting the price,' Mr Soros was quoted as saying by The Daily Telegraph. 'The price has this parabolic shape that is characteristic of bubbles.' But the cost of oil - which briefly reached new record highs of more than US$135 a barrel in trading on Thursday - was unlikely to fall dramatically until the US and Britain economies began contracting, the paper quoted Mr Soros as saying. He has frequently been a voice of gloom and doom as the US economy slows amid a wrenching housing crisis and tightening credit. But the pessimism hasn't stopped his fund from making money. According to Institutional Investor's Alpha Magazine, the Quantum Endowment Fund - which Mr Soros no longer manages - made US$2.9 billion last year with returns of over 30 per cent. -- AP

 

Don't know why they don't want to open up roof tops for usages. It is such a big space up there for us to do a lot of things. I can think of planting our own food and fixing up solar energy plates(what is it call?) to collect enourgh energy to light the whole town. Still remember the monk who introduce solar energy to his temple in Singapore which was shown on Channel New Asia. Maybe if we collect enourgh we might even be selling energy back to Malaysia in exchange for water?

I got  carried away liao...LOL!

 

AK_Francis      ( Date: 26-May-2008 18:13) Posted: Without both, Spore sure dies, as it don't hv natural resources. It needs transportation to ferry food stuff. It got minimal state land for plantation, though HDB roof top can plant a bit. Shushi everday also can't work.

 

Without both, Spore sure dies, as it don't hv natural resources. It needs transportation to ferry food stuff. It got minimal state land for plantation, though HDB roof top can plant a bit. Shushi everday also can't work.

 

Oil or Food ??

Which is most important ?

Without oil no problem , if without food.... ? milliom NO !!

So , this is food crisis !!

 

I think this oil crisis will not go away so easily.

Oil is not a commodity that can be produced or manufactured - like wheat or rubber. There is definitely a finite amount of oil. The oil price may be overbought now but it will definitely not go down to the $60-70 levels in the last year.   

Green8      ( Date: 26-May-2008 12:32) Posted: If Iran can support to increase oil production..... US should consider slowly withdraw troops from Iraq and focus on own economy .... A strong UN peace force, ICJ.... better education and good net work relation probably can reduce conflicts.... God bless the world.

 

If Iran can support to increase oil production.....
US should consider slowly withdraw troops from Iraq and focus on own economy .... A strong UN peace force, ICJ.... better education and good net work relation probably can reduce conflicts....
God bless the world.
 

 

 

Dear Energy and Capital Reader, "It's not enough." That was President Bush's response when the Saudis agreed on May 10th to increase production by 300,000 barrels a day. After his latest trip to the Middle East, he's practically begging OPEC to do something about high oil prices. But it's increasingly clear that the Saudi Kingdom won't increase production... because it can't. It's maxed out. Now knowing the dire truth, Bush spoke yesterday at the World Economic Forum in Egypt. There, he told members of OPEC that their supplies (of oil) were running out, and urged them to reform and diversify their economies... and to "prepare for the economic changes ahead." It's called Peak Oil, and it's fast shedding its 'theory' label. In fact, a former presidential advisor recently said that between $50 and $100 trillion has to be spent on Peak Oil to avert a global crisis. A new book, however, reveals Peak Oil's silver lining... and details the biggest investment opportunity the world has ever seen. Profit From the Peak, just released by Wiley Publishing, is filled with in-depth insights and practical advice on how to capitalize on the looming energy crisis. It also offers a sobering assessment of where we are and what it will take to find a way forward amid the coming changes. Follow the link here to order your copy today. Regards, Keith Kohl, Editor, Energy and Capital

 

Dear Kenken88,

Brilliant idea! I agree with you.

 

Stop financial institution of issuing commodity funds.  This will cut the speculative elements that drive the current high oil prices.