Free Republic
Browse · Search
Topics · Post Article

Skip to comments.

Lehman Bros. Report: Oil Bust in the Cards
MoneyNews.Com ^ | April 25, 2008

Posted on 05/11/2008 4:38:50 PM PDT by TennTuxedo

Is $120 oil even real? Not if you ask the Saudis, or even Lehman Bros. The investment bank’s oil expert said this week that the oil boom is due to bust. Economic growth across the globe will slow just as new refineries kick in, raising supply.

(Excerpt) Read more at ...

TOPICS: Business/Economy; Culture/Society; Extended News
KEYWORDS: business; economy; oil
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-68 last
To: subterfuge
But I see FReepers on here everyday saying our only way out is to buy Oil company stocks. Just sit back and watch the profits roll in!

My Exxon Mobil stock has been flat to down for the last 6 monts. See they are paying more for oil and then not able to pass along the full refining costs. Their "record" profits amount to 10 cents on the dollar.

Maybe the money is to be made in the exploration and development stocks.

61 posted on 05/12/2008 10:14:53 AM PDT by NeoCaveman (El Conservo Tribe, tribal name "Avoids Fort Marcy Park" Watching the Rat Fight. typical white person)
[ Post Reply | Private Reply | To 59 | View Replies]

To: Spouting Horn

When the dollar is devalued 100:1

62 posted on 05/12/2008 10:15:26 AM PDT by RightWhale (You are reading this now)
[ Post Reply | Private Reply | To 56 | View Replies]

To: montag813
Here's what he said in late March.....

I've not read much lately.....

63 posted on 05/12/2008 10:57:43 AM PDT by Osage Orange (molon labe)
[ Post Reply | Private Reply | To 44 | View Replies]

To: RightWhale

Oil was worthless before, it will be worthless again.

64 posted on 05/12/2008 3:21:56 PM PDT by Spouting Horn (Terrorism is a tactic. The battle's against Shariah and Jihad.)
[ Post Reply | Private Reply | To 62 | View Replies]

To: grayhog

We need to build a lot more nuke plants

65 posted on 05/12/2008 3:38:09 PM PDT by PapaBear3625 ("In a time of universal deceit, telling the truth is a revolutionary act." — George Orwell)
[ Post Reply | Private Reply | To 16 | View Replies]

To: NeoCaveman

You my FRiend have explained why I shorted these via DUG.

Oil took a dip today. DUG not quite so much yet. Either it is a crappy vehicle for shorting, or it is merely lagging oil prices along with the oil stocks.

Wish I had shorted USO - a more pure short for crude. It was down 2% today (or the short would be up 2%) with oil.

DUG, the fancy 2X Oil Services short (including Exxon) ETF was only up 0.54%.

66 posted on 05/12/2008 6:55:29 PM PDT by bluefish (Hey! Where did this come from?)
[ Post Reply | Private Reply | To 61 | View Replies]

To: bluefish

The dollar has lost about half of its value against the Euro. At those rates, oil is in the $60/barrel range, which is high, but not that far out of line.

67 posted on 05/12/2008 7:04:56 PM PDT by PAR35
[ Post Reply | Private Reply | To 52 | View Replies]

To: stinkerpot65

Well, maybe there is.
I was in Dublin TX on Saturday. I pass through on the way to Mom’s occasionally(mother’s day and such). Pull in the “regular” gas station, and the pumps are covered over. Price was 3.59. Oh brother, I think we have a gas shortage. But no, there is a new gas mega station “ALLSUP’S” just opened. $3.49 and everybody is there.
The overrated price on oil is a speculators dream come true.

68 posted on 05/12/2008 7:23:23 PM PDT by 9422WMR (When seconds count, the cops are only minutes away.)
[ Post Reply | Private Reply | To 14 | View Replies]

Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-68 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794 is powered by software copyright 2000-2008 John Robinson