Amazing that so many oil traders are operating on bad analysis (must be Cordesman, who appears to do lots of for fee research for the Kingdom):
``We now know that there are fewer al-Qaeda militants around to attempt another attack,'' said Kyle Cooper, an analyst with Citigroup Inc. in Houston. ``There are valid concerns about Saudi Arabia because it's such an important source of oil, but they foiled the attack. The Saudis probably have some of the best security in the world.''« Trust, Transparency, and Ports | Main | V is coming »
February 27, 2006
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john, john, john: these are OIL TRADERS! from HOUSTON no less! i bet he used to work for enron... anyway, if he's saying that they're selling ... they're buying. you know analyst speak by now. "i think oil is going down over the near term" translation, i'm about to buy a shitload. "we anticipate the price of oil to hover around $60 for the next few months"... translation, we're dumping at $60.
just listen to what t. boone says, and realize everyone is doing the opposite.
Posted by: Federalist X | February 28, 2006 at 08:35 PM
LOL, true. ;->
Posted by: John Robb | February 28, 2006 at 09:23 PM