As predicted oil price in long term bear market - breaks the $57 base
Peter Oberois
Nov. 17, 2006

The oil price is headed down. The economic fundamentals are weak to support price above $30 a barrel. Most likely oil will surprise all by breaking into the twenties befor pushing somewhat higher again.

The poor real estate market, the underemployment, the stagflation and lowering of standard of living in the developed nations are acting as the real drag. There is no pricing power. The Chinese and Indian economy did fly long with one broken engine. Now the reality is going to hit the ground. These developing economies will crash while the developed economies continue to suffer lower standard of living over a long range of time.

The budget deficit, trade deficit and the adverse balance of payment will force Government to cut expenses or stop wasting money. That in turn will depress the economy. That in turn will increase the budget deficit. That will eventually hurt the stock market, oil and other commodity demand.

Oil market is lower not because of over supply. The fact is there is very little demand and the hedge funds are finally running for the cover. They have lost money in natural gas, now in oil and of course in real estate. They will finally learn their lesson in metals market as China turns to its domestic supplies and Asian economies collapse.

As predicted oil price in long term bear market - breaks the $57 base
Peter Oberois
The oil price is headed down. The economic fundamentals are weak to support price above $30 a barrel. Most likely oil will surprise all by breaking into the twenties befor pushing somewhat higher again.
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Oil price and housing collapse continue as stocks look down to see the fundamentals to weak to support the recent hefty gains – a 40% correction
Sam Adelton
The real estate hosing collapse continues. Housing starts fell in October by 14.6% to the lowest level in six years. Building permits, an indicator of future building activity, fell for a ninth straight time.
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GM aims to capture 10 per cent of the Asian market by 2010
Media Release
General Motors Corp., seeing its market share shrink at home is turning to Asia to boost sales, and aims to capture 10 per cent of the region's market by 2010, the US autmaker's regional chief said today.
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China invested $182.6 billion in real estate development in the first 10 months of 2006, an increase of 24.1 percent
Media Release
China invested $182.6 billion in real estate development in the first 10 months of 2006, an increase of 24.1 percent from the same period a year earlier, China's National Bureau of Statistics reported...
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Manmohan Singh's US dependence is not working - US Senate fails to debate on Indo-US nuclear deal
Media Release
In spite of the decks being cleared for debate and vote in the Senate on a legislation for implementing the Indo-US nuclear deal, the proceeding was on Thursday stalled ....
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The Bank of Japan decided Thursday to keep monetary policy steady
Media Release
The Bank of Japan decided Thursday to keep monetary policy steady, judging that recent data about the nation's robust recovery doesn't warrant tighter credit.
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