Will the Saudi's lower the price of oil

[Forest]

Bob woodward said that on 60 minutes last night

anyone believe it will happen?

[Nickatilynx]

I have dealt with Saudis...

they will only lower oil prices if it helps them.

;-))

[Forest]

there is another question...

are the saudis better off with bush or keary?

that would help answer the first one

[Mike AI]

The Saudi's do not want to help Bush. At least one faction wants Bush out of office. They do not like the fact that there is a huge American presence in Iraq, that once stabilized will be pointed towards them.

Saudi Arabia is the world's number #1 supporter of terrorism against the United States. I do not know why Bush wants to continuet o protect them. I guess he thinks the more liberal fraction in the royal family will eventually prevail.

Part of the reason we went into Iraq was to be able to pull our troops from Saudi Arabia, and have them stationed in Iraq.

[Winetalk.com]

Mike, you are incorrect on a few counts.

1) the present RULERS of Saudi Arabia DOI support Bush

2) they will lower oil prices before elections

3) we support present rulers of Saudi Arabia because it would be much harder environm,ent to operate in Middle East without them.

[Mike AI]

There may be lower prices before election, but its not because the Saudis want to cut Bush a break.

There are major elements in the Saudi family that is supporting and helping our enemies and do not want Bush in office the next 4 years.

[Winetalk.com]

yeah, and there was certain body shop who didn't want traffic lite on my intersection...but MAYOR wanted and it was installed.

[wig]

If you guys want to know when and where oil will peak, just ask. :-)))

[Mike AI]

Originally posted by Serge_Oprano@Apr 19 2004, 04:36 PM
yeah, and there was certain body shop who didn't want traffic lite on my intersection...but MAYOR wanted and it was installed.

But when body shop owner hires some kids to blow up the traffic light, then he still gets what he wants.

[Vick]

Ok Wig,
when will Oil peak and when/where will we see a drop in price and where does it go from there

I eagerly await your answer

[wig]

Originally posted by Vick@Apr 19 2004, 04:41 PM
Ok Wig,
when will Oil peak and when/where will we see a drop in price and where does it go from there

I eagerly await your answer

Sorry Vick.... stepped away to play with my son and eat dinner.

Okay... first, understanding that we are in an up trending market, there are going to be intervening peaks. Some important, some not so.

This year, two dates stand out as potential peaks to me. One I mentioned the other day to Serge which is right now -- April 19-20th.

The other is the end of June (6/24-30th). This represents my "time period(s)" for 2004.

For price. All my price levels are scattered between 38.00 and 44.50.

So far we have reached 37.42/CLM

In early March I said.... "Short term, a weekly close above 36.10/CL will reinvigorate the uptrend and target 44.50/CL".

We have not even reached the lower end of my price range but have rallied into a key cycle period. As a result, i expect that we see a short term high here, followed by a rally into the end of June.

IF the above is true, and we rally into June after a reprieve from here, AND the rally takes us to 42.00-45.00/CL I would speculate to say that is the high for this year (if nothing else, a very important intervening high).

[Winetalk.com]

Originally posted by Mike AI+Apr 19 2004, 04:40 PM-->