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marlin
First of all, I would like to thank Richard for giving me this great opportunity to write for his website. Crude oil surged as high as $112, that’s $6 away from my December 13, 2007 predicted price of $120 per share. I predicted based on chart analysis that the price would reach $120 within the next 3 to 6 months. I’ve gotten a lot of mail bashing my statements but oil continues to run despite the way others feel. We will all have to face reality and conserve energy. Oil will continue to run higher due to many factors. With summer approaching, the hurricane season is just around the corner, June 1st to be precise. Oil rigs in the Gulf of Mexico as well as refineries along the Louisiana, Texas coastline will all be affected; therefore, prices will increase even higher. During the winter months heating oil as well as natural gas will continue to increase as well. Further, there are still threats of terrorists attacking facilities in the Middle East and Nigeria. With all these factors in place we must be prepared to deal with these issues.
Last week crude oil inventories fell 3.15 million barrels to 316 million. Gasoline prices also hit a record price average of $3.40 per gallon in the U.S. In the Bahamas, where I currently reside, prices also hit a record price average of $5.05 per gallon. Oil ended the day at $111.57 per barrel but ran as high as $112.21, the highest since the beginning of trading in 1983.
By: Marlin Rolle
http://stockmp.blogspot.com/
April 11th, 2008 at 5:46 am
Thanks for the article Marlin, I’m looking forward to some of your technical articles in the future.
I posted this under Dylan’s article already, but just incase people don’t see it, I’ll post again here:
“I’m looking forward to a big up day tomorrow. This consolidation looks pretty bullish, Baidu (BIDU) has a bull flag formation, could easily pop [if it breaks out of 300 on heavy volume]. We should be set to explode…AAPL & GOOG are both looking good!”
April 11th, 2008 at 10:25 am
My only comment on thursday’s move up is that it occured on low volume. I think friday could go either way. If it continues down, and because i think the markets are turning back up, it may provide additional buying opportunities. If it does go up, all the better.
April 11th, 2008 at 1:44 pm
Hrm, we opened lower…this is a very bad sign, let’s see how the rest of the day plays out.
May 15th, 2008 at 1:00 am
Hello my friends
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