Comments on: Oil breaks $100 on looming production cuts - CNNMoney

By: Nicholas

Nicholas — Tue, 07 Oct 2008 00:55:57 +0000

Well, given the current crisis on Wall Street, just about every stock out there has corrected. Even indices have drop an average of 20% and more.

So really, if you have a funds to spare, now is probably a good time to start buying into just about anything. Not just oil or gold although these are traditionally commodities investors prefer for hedging. Share prices on companies like Apple, HP and IBM has dipped quite a bit too…

It’s the basic profit mentality I guess… Buy low, sell high…

By: Owen

Owen — Mon, 06 Oct 2008 21:29:48 +0000

Surprisingly a lot of people are buying now when the market is down. Investors are seeing the current market as a buying opportunity.

By: John Hunter

John Hunter — Sun, 13 Apr 2008 14:14:10 +0000

It is amazing the speed at which this has happened. And since this was posted, prices are up another 10%. Oil was artificially low (temporary aberration) a few years ago. It sure seems artificially high now. I would expect oil prices to remain high (not this high) and trend higher over the years (likely over the rate of inflation). The increasing energy needs are huge. How those are going to be met is difficult to see (even adding on huge % increases in wind, solar…) and reducing lighting requirements with compact fluorescent lighting and other efficiency improvements.

John Hunter’s last blog post..Creating a World Without Poverty

By: googel

googel — Thu, 20 Mar 2008 14:49:07 +0000

Yeah and 3rd world countries like the Philippines (where I live) get hit the hardest. ouch, that is heavy on the pocket.

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By: Oil prices and the Dow Jones surge upwards

Oil prices and the Dow Jones surge upwards — Wed, 12 Mar 2008 06:31:39 +0000

[...] new record highs, oil looks ready to break the USD110 barrier. My prediction of oil reaching USD120 by October ‘08 seems to still be very real. In other news, the DJIA moves upwards to what [...]

By: Nicholas

Nicholas — Wed, 20 Feb 2008 22:22:04 +0000

Hi Allan,

Thanks for stopping by. Checked out your site. It’s a great looking one too and I really like the ‘Featured’ post layout.

Whether the prices subside or increase, we’ll have to wait and see I guess. Already, the cost of basic necessities back home has went up by between 10-20%.

Nic.

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By: Allan

Allan — Wed, 20 Feb 2008 21:10:39 +0000

Nicholas, I like your site - very nice template.

$125 oil will really hurt. Given that the United States economy is slowing down, the demand for oil might subside and oil could stop rising. R

Allan’s last blog post..Speed Traps and Value Traps