Oil is headed for a major meltdown but there are chances oil will eventually test its high within two years
Sam Adelton
Oct. 3, 2006

The oil traders are predicting crude oil will remain around $65 per barrel in 2007. However, they are normally wrong when the same concensus comes out together.

What is the most likely scenario?

Oil is headed for a major meltdown but there are chances oil will eventually test its high within two years. Oil can go down as low as $25 a barrel. The reason for such sharp loss is the hedge fund involvement. Like Amaranth it is possible that massive numbers of hedge funds are holding oil futures. If that is true these funds capitulate, liquidate and then push oil shraply lower.

However, after that any further collapse will be slow but steady. Once a major bottom is made, oil can again push up to test its highs based Chinese and Indian demand.

Oil is headed for a major meltdown but there are chances oil will eventually test its high within two years
Sam Adelton
The collapse will be slow but steady after najor fall down. Once a major bottom is made, oil can again push up to test its highs based Chinese and Indian demand.
READ MORE>>

New Zealand bond yeilds way higher than US bonds and the currency is at a low - a rally in NZ Dollar?
Susan Day
The simple rule is the yield gap creates a siphoning effect and the currency appreciates.
READ MORE>>

Taking clues from Nasdaq Asia across the board starts declining on the assumtion US is headed for a recession
Ronald Riegel
US Manufacturing is weak and service sector is also weakening. That makes companies like Sony and other Asian stocks dependent on American consumers wonder what is their fate!
READ MORE>>

Did Target sell counterfeit Coach purses?
John Cokewood
The lawsuit is on and the discovery in the case will show who is right Coach or Target.
READ MORE>>

Oil and Wall Street went down together for the first time- start of US recession?
Sam Adelton
Normally the street cheers as oil tumbles. This was the first time that oil and stocks tumbled together.
READ MORE>>

As EU and US hardens stance against online gambling companies, American casinos and gambling businesses starts planning massive acquisitions of the same in base bargain deals
Peter Oberois
The online casino's fall out in US and UK is viewed as the ideal ooportunities for the US Casino companies.
READ MORE>>

Boeing's new weapon of growth - acquisitions in UK and Eurozone
Neal Saunders
The laws of UK and the Eurozone will soon make it difficult for Boeing to sale military hardware in those countries.
READ MORE>>

MORE ARTICLES >>