Cappucino Thoughts 6-6-08: Market Sell-Off - Feeling Gassy

[DonkfestPokerDotCom]

We have secured all of the Iraqi oil fields... yet oil supplies are suddenly 'harder' to come by.. Its all balls. It's the big squeezing of the middle classes.

[barbariandoom]

What the puck! lol Thanks for the scoop on the recession.

[roadlesswandering]

Have you heard of something called Peak Oil? Apparently, M. King Hubbert made prediction...

He said, "U.S. oil production will peak in the late '60s or early '70s and then decline steadily thereafter." (I got this from the Motley Fool listserv.) If this is true when will the peak hit and how will this affect investors?

[calvin1392]

Cappuccion thoughts is the best

[jami3r00]

Keep making the videos guys.

[cscentrlTV]

Looks like I'm first. But seriously, even with the invasion of Iraq and the eventual monopolization of its oil resources by big US businesses, why in the name of heck are oil prices going up with the supply increasing?!

[contrarianbastard]

Speculators are driving it up.

[cscentrlTV]

That only means an eventual drop in prices if it's just speculation driving it up. People will start selling like crazy to make their money. But on the side of the real world, no friggin wodner gas prices are going up! I can't even buy a full tank of gas without hurting my wallet! Ding-dang speculators!

[Britishthetitan]

Well the Iraqi oil fields have yet to come online. When they do the market can be flooded and everyone can breath a sign of relief. In the mean time, high prices will equal great revenue for oil producing countries like Venezuela (where is 3cents per litre) and others.