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STI to cross 3000 boosted by long-term investors

In today's paper, the OPEC hinted that they may increase output to curb the rising price for crude oil.

I don't think that is the reason why OPEC does not want to increase output

arowana1 ( Date: 11-May-2008 22:14) Posted:

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...

Livermore ( Date: 11-May-2008 21:40) Posted:

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?

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...

Livermore ( Date: 11-May-2008 21:40) Posted:

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?

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.

evercare ( Date: 11-May-2008 16:04) Posted:

also they can't leave it hollow, need to fill it with water.

shplayer ( Date: 11-May-2008 15:52) Posted:

Yes, this is SOP (standard operating procedure) in the in the oilfield production process.

also they can't leave it hollow, need to fill it with water.

shplayer ( Date: 11-May-2008 15:52) Posted:

Yes, this is SOP (standard operating procedure) in the in the oilfield production process.

tanglinboy ( Date: 11-May-2008 11:05) Posted:

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.

Yes, this is SOP (standard operating procedure) in the in the oilfield production process.

tanglinboy ( Date: 11-May-2008 11:05) Posted:

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.

Livermore ( Date: 11-May-2008 07:50) Posted:

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 crisi

Maybe next time petrol shall be $4 per litre

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

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.

Livermore ( Date: 11-May-2008 07:50) Posted:

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

Newbie2007 ( Date: 10-May-2008 23:00) Posted:

Hi Livermore,

Thank you so much for the excerpt.

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

Newbie2007 ( Date: 10-May-2008 23:00) Posted:

Hi Livermore,

Thank you so much for the excerpt.

Livermore ( Date: 10-May-2008 20:48) Posted:

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

In Saudi Arabia, seawater is injected into oil fields to increase pressure and stimulate production.

Now, normally only 30% of the oil in a reservoir can be extracted. But water injection increases that percentage-known as the recovery factor-and maintains the production rate of a reservoir over a longer period of time.

Over time, however, the volume of water that is lifted along with the oil increases, decreasing the volume of oil proportionately until, eventually, what flows out of the reservoir is almost pure water and the field is no longer worth operating.

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.