OPEC will reduce oil output but that cannot halt the slide in crude prices
Sam Adelton
Oct. 20, 2006

OPEC has decided to reduce oil output by 1.2 million barrels a day, effective Nov. 1, in a bid to prop up rapidly falling prices. But that cannot halt the slide in oil prices. The slack in demand and increased from non-OPEC producers far outweigh the output curb OPEC is planning.

The slide in crude prices come from the burst of bubble and exposure of millions and billions of barrels from underground. As the Hedge Fund bubble busted and the oil companies had to bring the oil above for sell from their “reserves” crude oil market tumbled.

OPEC will reduce oil output but that cannot halt the slide in crude prices
Sam Adelton
The oil market is in trouble because of two reasons – excess output from non-OPEC producers and slack in demand from China, India and US.
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The stock is up 7.2% after hours. The profits doubled and the revenue increased by 70%. Analysts wander what’s the magic for ever booming Google...
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North Korean nuke test, US-China disagreements, South Korean and Japanese security risks may have started the great Asian depression
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Like the NY Empire State Index, the Philadelphia Fed survey data manifests the robust growth of US economy
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Market expected NY Empire State Index to come at 13.0 from prior month’s 13.8. It came out on Monday at 22.9 surprising every one. Tomorrow around 12 Noon Philadelphia Fed survey data is set to surprise all. It will be equally robust.
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New orders, jobless claims, money supply, average workweek, and stock prices – all point to a surprisingly robust US economy...
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Initial Claims report manifest a stagnating state of underemployment
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Initial Claims - the number of people receiving state benefits and the insured unemployment rate both show a stagnating state of underemployment.
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Housing starts are amazingly strong but building permits are down – how does it affect real estate, economy, stocks, gold, dollar and bonds?
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Housing starts are amazingly strong but building permits are down. Some analysts and economists are perplexed. When you analyze the data more closely region by region you see a very interesting pattern.
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The core CPI and housing starts defy the gloom and doom theories – when can Dow reach 15000?
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After building a solid base between 10,000 and 11,400 Dow is in a position to accelerate upwards. The wild card is oil price. If oil price falls below $40 in the next six months, Dow can surprise all accelerating towards 15,000.
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