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HIGH Oil Prices.
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tanglinboy
Elite |
29-May-2008 21:19
Yells: "hello!" |
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The only way to lower the oil price is to jail all the speculators! 
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AK_Francis
Supreme |
29-May-2008 14:48
Yells: "Happy go lucky, cheers." |
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x 0
x 0 Alert Admin |
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.
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cyjjerry85
Elite |
29-May-2008 14:44
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there have been protests worldwide and pressure being added to the governments to do something | ||||||
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178investors
Veteran |
29-May-2008 14:40
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x 0
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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.
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teeth53
Supreme |
29-May-2008 10:03
Yells: "don't learn through life, learn to grow with life " |
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x 0
x 0 Alert Admin |
I know whom U refer to........ Ha ha..
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AK_Francis
Supreme |
29-May-2008 09:57
Yells: "Happy go lucky, cheers." |
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x 0
x 0 Alert Admin |
Ha, we hv one Ms Chua, brilliant lady, but she is not on the trade you suggested. Keep on finding loh!! | ||||||
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cyjjerry85
Elite |
29-May-2008 09:53
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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... |
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teeth53
Supreme |
29-May-2008 09:32
Yells: "don't learn through life, learn to grow with life " |
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x 0
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Will we hv another Ms Lum of another kind to solve those problems facing us, like water, weather now aday seem getting hotter.
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178investors
Veteran |
27-May-2008 00:45
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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. |
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AK_Francis
Supreme |
27-May-2008 00:28
Yells: "Happy go lucky, cheers." |
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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. | ||||||
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178investors
Veteran |
26-May-2008 23:34
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cathylmg
Elite |
26-May-2008 18:21
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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!
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AK_Francis
Supreme |
26-May-2008 18:13
Yells: "Happy go lucky, cheers." |
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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. |
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des_khor
Supreme |
26-May-2008 14:46
Yells: "Tell me who is the God or MFT from this forum??" |
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Oil or Food ?? Which is most important ? Without oil no problem , if without food.... ? milliom NO !! So , this is food crisis !! |
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pikachu
Veteran |
26-May-2008 14:24
Yells: "Holy Cow!" |
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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.
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Green8
Senior |
26-May-2008 12:32
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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. |
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mirage
Veteran |
26-May-2008 08:58
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 Oil's tense trading scene may sway a move to DubaiFutures launch may help traders escape from U.S. regulators' watchful eyeSAN FRANCISCO (MarketWatch) -- The Dubai Gold & Commodities Exchange will launch trading of crude-oil futures on Tuesday, a timely move given the astronomical prices for oil and talk of U.S. regulation of speculators in the commodity markets.
Prices for crude peaked above $135 a barrel Thursday in electronic trading on the Chicago Mercantile Exchange Globex platform. See Futures Movers. Record prices over the past several months have raised questions over manipulation of the market.
A U.S. Senate panel listened to testimony on May 20 that said financial speculation by institutional investors and hedge funds in the commodity markets are contributing to energy and food inflation. See full story.
"The regulatory environment is becoming so undesirable to foreign and domestic funds that they have no choice but to go offshore," said Kevin Kerr, president of Kerr Trading International and editor of MarketWatch's Global Resources Trader.
Speculative activity in commodity markets has grown "enormously" over the past several years, the Homeland Security and Governmental Affairs Committee said in a news release. It pointed out that in five years, from 2003 to 2008, investment in the index funds tied to commodities has grown by 20-fold -- to $260 billion from $13 billion.
The growth offers "justifiable concerns that speculative demand, divorced from the market realities, is driving food and energy price inflation and causing human suffering," HSGAC said.
"If Congress makes some laws that reign in speculation, it's possible that speculators will move out of the U.S. markets and into Dubai," said Phil Flynn, a vice president at Alaron Trading.
Running for cover
The backlog of cases for National Futures Association has been growing, said Kerr. The NFA is a provider of regulatory programs that safeguard the integrity of the derivatives markets.
"Understaffed and overworked, the regulatory industry has decided to throw the baby out with the bathwater and meanwhile, legislators who are also fearing job loss have decided to blame the speculators and create some sort of witch hunt," said Kerr.
Speakers testifying at the HSGAC hearing Tuesday called on the Commodity Futures Trading Commission to better monitor the market and to take action.
"The people of America are about to take up pitchforks, and we are feeling the heat in Congress," Sen. Mary Landrieu, D-La., said during the hearing, according to Platts, a global energy information provider. "It does not appear that our cop on the beat feels the heat like we do."
Given what some may consider a hostile environment for futures trading, investors may look elsewhere to ease the restraints.
And "in today's global trading market, the U.S. is far from the only place to do business," said Kerr. "If this environment keeps up, more and more hedge funds will flee for more friendly shores."
Fair thee well
Indeed, the concept of a fresh choice may be appealing to traders.
The Dubai Gold and Commodities Exchange (DGCX) will launch trading for West Texas Intermediate and Brent crudes under the tickers DWTI and DBRC and they'll trade from 8:30 a.m. to 11:30 p.m. local Dubai time.
And it could be "huge competition for ICE," said Kerr.
ICE, also known as the IntercontinentalExchange, operates the world's leading electronic energy markets exchange. It offers trading of Brent, WTI and Middle East Sour crude futures contracts on an electronic trading platform.
Flynn said the new contracts will compete directly with the ICE and the New York Mercantile Exchange contracts.
But "to crack into that market and be successful, it's going to be very difficult. The ICE and the Nymex are very well established," he said. The Nymex developed energy futures contracts 30 years ago.
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Livermore
Master |
22-May-2008 11:56
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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 | ||||||
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Hulumas
Supreme |
22-May-2008 10:32
Yells: "INVEST but not TRADE please!" |
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x 0
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Dear Kenken88, Brilliant idea! I agree with you. |
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KenKen88
Member |
22-May-2008 10:29
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x 0
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Stop financial institution of issuing commodity funds. This will cut the speculative elements that drive the current high oil prices. | ||||||
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