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There Goes Oil

Tyler Durden's picture


An hour ago we said: "Watch for the reaction in crude following the vote passage, and
especially following Bloomberg headlines that France has launched an all
out attack." Well the attack is still pending, but the oil reaction is here (and nobody could have seen it coming). WTI just passed $103. Demand destruction or no demand destruction, here we come. And just imagine what happens when Japan is fully back on line again (in about a year at which point the US will be between QE 4 and 5).


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Thu, 03/17/2011 - 19:11 | 1068918 Dan The Man
Dan The Man's picture

weeeeeee !!!!


Thu, 03/17/2011 - 20:53 | 1069376 Thomas
Thomas's picture

That disturbed a nearly perfect algo-driven y=mx+b

Thu, 03/17/2011 - 19:10 | 1068919 Nobody special
Nobody special's picture

A little late for a reaction I think, but confirmed none the less.

Thu, 03/17/2011 - 19:13 | 1068931 TeamAmerica
TeamAmerica's picture

It was a done deal before the vote.  What were they waiting for?   Very odd.

Thu, 03/17/2011 - 19:13 | 1068921 mynhair
mynhair's picture

Gut, Ich habe SSN.  Knew those French spitting on the English would be bullish for black gold.

Thu, 03/17/2011 - 19:13 | 1068927 tallen
tallen's picture

They'll start having to raise QE to the power by the time Japan has recovered. exp^99*QE

Thu, 03/17/2011 - 19:18 | 1068949 etrader
etrader's picture

Plus with this picture of Number 4, leading on most of print press....

Thu, 03/17/2011 - 19:27 | 1068992 Maos Dog
Maos Dog's picture

Can any pros comment on this? IS that erie green glow radiation? 

Thu, 03/17/2011 - 19:29 | 1069009 etrader
etrader's picture

"In unit No 4, a whole wall is missing from the area where spent fuel rods are stored while they cool to a safe temperature. 

Inside the building, a green-painted crane, which is normally used to move the fuel rods, caught the daylight flooding into the hall.
Beneath the crane, just out of shot, is the pool holding the fuel rods, which should contain water 45ft deep but which has now boiled dry"

Thu, 03/17/2011 - 22:02 | 1069655 LMAOLORI
LMAOLORI's picture

Want to know how bad it really is?  This gives a good breakdown and will inform many about a few things they probably do not know.

Apocalypse Japan Has 48 Hours To Avoid Another Chernobyl - Update

Fri, 03/18/2011 - 01:51 | 1070243 Escapeclaws
Escapeclaws's picture

What I don't understand is that the US and the EU are doing nothing to help. I recall that the Japanese had requested help, but where is the evidence that any has been forthcoming.


Thu, 03/17/2011 - 19:30 | 1069011 TWORIVER
TWORIVER's picture

it is a small crane. some of the more informed posters can likely tell you why they painted it that color. i think we are supposed to focus on the exposed pool just in front or underneath of it.

Thu, 03/17/2011 - 19:34 | 1069027 BigJim
BigJim's picture

It's painted green to remind everyone of the environmentally-friendly nature of nuclear power.

Thu, 03/17/2011 - 19:52 | 1069121 Debtless
Debtless's picture

Last Friday that crane was white...not good.

Thu, 03/17/2011 - 19:12 | 1068929 John Law Lives
John Law Lives's picture

The Japanese got to change the rules re. how much radiation the firefighters were allowed to be exposed to.  In that same vein, the Keynesian cheerleaders will now claim $100+ oil (WTI) has no adverse affect upon the economy.  Looks like this madness will continue until the great R-E-S-E-T button gets pushed.

Maybe ZH could take a poll on when the R-E-S-E-T button gets pushed.  At this pace, it can't be too far in the future.

Thu, 03/17/2011 - 19:14 | 1068937 mynhair
mynhair's picture

Hear Reid volunteered to suit up, and drag a hose....Pelosy feeding the hose.

Man, I hate being hosed.

Thu, 03/17/2011 - 19:23 | 1068950 depression
depression's picture

The Bernank said the price of oil is relative. In relative terms the price of oil has not really changed much lately, which proves his point that there is no inflation. The mistake people make, and thankfully we have prof Ben to clarify this for us is, we are doing the math wrong. If we would simply do our math correctly then we would all clearly see his point on benign inflation.

It is all simply a matter of where your measuring a change from, the starting price. So for example if the price of oil starts at $100 and rises to $110 thats the same as if it starts at $25 and rises to $27. It's all relative to where you start from. When it goes from $200 to $220... you understand... all in good time.

Thu, 03/17/2011 - 19:31 | 1069014 John Law Lives
John Law Lives's picture

Oops.  I forgot.  We are using the new math.

To the moon, Alice!

Thu, 03/17/2011 - 20:13 | 1069193 Long-John-Silver
Long-John-Silver's picture

A 90% Silver quarter still buys a gallon of gas.

Thu, 03/17/2011 - 20:24 | 1069234 eddiebe
eddiebe's picture

No sir, it buys a gallon again.

Thu, 03/17/2011 - 22:31 | 1069761 Tejano
Tejano's picture

You guys are payin' too much for gas.

Thu, 03/17/2011 - 19:33 | 1069020 Don Birnam
Don Birnam's picture

Supply-side cheerleaders wear the same oxfords and miniskirts. Kudlow has posited that high oil prices can mean but one thing: Green shoots -- although said shoots may turn a bit wilted and yellow, if they happen to be down wind of a certain "plume."

Thu, 03/17/2011 - 19:12 | 1068930 HungrySeagull
HungrySeagull's picture

It's time to find out which Americans still have the moxie to buy gasoline or desiel at 12.00 a gallon.

Thu, 03/17/2011 - 19:15 | 1068939 TeamAmerica
TeamAmerica's picture

When I see a nail salon go out of business, I'll know that the American consumer is finally shifting priorities.   So far, those salons are like cockroaches...

Thu, 03/17/2011 - 19:21 | 1068965 HungrySeagull
HungrySeagull's picture

I did purchase some nail polish to keep a novak sight functional with a bright dot until the gunsmith can repair and replace the bad sight with a new one.

Yes, nail salons will be around for a while yet. Gotta keep the women happy.

Thu, 03/17/2011 - 19:26 | 1068993 velobabe
velobabe's picture

well, i always carry a container of nail polish. it is like a glue for repairs to run hosiery. snagged hoses.

Thu, 03/17/2011 - 19:34 | 1069032 mynhair
mynhair's picture

Yes, your knees must see extreme wear.


Thu, 03/17/2011 - 20:06 | 1069169 Ima anal sphincter
Ima anal sphincter's picture

That was a low blow.

Thu, 03/17/2011 - 19:36 | 1069035 Don Birnam
Don Birnam's picture

That won't work for fishnet.

Thu, 03/17/2011 - 19:34 | 1069025 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

 So far, those salons are like cockroaches...

Money laundry.  No other reasonable explanation for the sheer number of these businesses.

Thu, 03/17/2011 - 23:39 | 1069959 Sokhmate
Sokhmate's picture

It's good to keep money clean. It's even healthy. Do you not agree?

Thu, 03/17/2011 - 19:16 | 1068942 mynhair
mynhair's picture

Don't say 'mox'.

Thu, 03/17/2011 - 19:58 | 1069140 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

It's time to find out which Americans still have the moxie to buy gasoline or desiel at 12.00 a gallon.

Let's see. In most cases, if Americans want to eat and go to work they will pay whatever it takes to get their gas.

Thu, 03/17/2011 - 21:06 | 1069407 FeralSerf
FeralSerf's picture

Maybe they'll ride two to a car?

Fri, 03/18/2011 - 01:16 | 1070178 RmcAZ
RmcAZ's picture

Unless it costs them more to buy gas and drive to work than they get paid. Unfortunately I know people like this.

Thu, 03/17/2011 - 19:13 | 1068935 Stranded Observer
Stranded Observer's picture

"when Japan is fully back on line again (in about a year. . .)"

So suddenly Japan is okay now and back on line in a year after five days of alarmist posts here on Zero Hedge?

Thu, 03/17/2011 - 19:17 | 1068946 Tulli
Tulli's picture

Stranded O,

Sure, there is nothing to be alarmed about a monster quake, a tsunami and a nuclear disaster.

Please show respect for the top journalism work that the ZH people are doing here.


Thu, 03/17/2011 - 19:21 | 1068972 Stranded Observer
Stranded Observer's picture

Not sure what your point is but thanks for my first junk if it was you. 

If you were being serious I actually really love this site.

Thu, 03/17/2011 - 19:26 | 1068989 Stranded Observer
Stranded Observer's picture

Perhaps I should clarify -- I don't think they were being "alarmist" but it seems odd to say Japan will be fully back on line within a year when this morning there are reports of foregin nationals evacutating Tokyo.  Seems like it would take longer than a year to fix the mess over there.

Thu, 03/17/2011 - 19:30 | 1069007 velobabe
velobabe's picture

no he meant, on line. the internet will be up and running, as well as an iphone 18 QE.

Thu, 03/17/2011 - 19:31 | 1069019 Thorny Xi
Thorny Xi's picture

Anyone who's ever been divorced knows that nothing comes back online within a year after the tsunami washes over things...

Thu, 03/17/2011 - 21:08 | 1069416 FeralSerf
FeralSerf's picture

My porn site came back on line as soon as the bitch left.

Thu, 03/17/2011 - 21:11 | 1069421 FeralSerf
FeralSerf's picture


Thu, 03/17/2011 - 19:25 | 1068982 Mr. Mandelbrot
Mr. Mandelbrot's picture

I was thinking the same . . .

Thu, 03/17/2011 - 21:53 | 1069611 Eddie Stobart
Eddie Stobart's picture

Not so much alarmist, they are more behaving like a media puppets, swallowing the news without question.

Which is a different assessment of news media than normal...

CNBC - Subjective interpretations of economic news and data (lies and spin) about the state of the US economy.

Sky, ABC News etc - A balanced, reasonable and objective analysis of what is happening in Japan.

(I mean why does an animated map of Japan have look like a burning cinder. I mean, what could they be trying to suggest?)



Thu, 03/17/2011 - 19:15 | 1068938 umop episdn
umop episdn's picture

So Mr. Gahdaffi's biggest weapon is the million plus barrels of oil that may or may not be exported. I doubt there is much spare capacity (oil-wise) anywhere in the world, and any shrinkage of supply will show once again that most economies don't shrink very gracefully.

I believe in Peak Oil, bitchez!

Thu, 03/17/2011 - 19:21 | 1068970 mynhair
mynhair's picture

Believe what you will.  This is another example of a moron market having a 'aha' moment.

I want to know who these morons are that got distracted?  Somebody PAYS them?

Thu, 03/17/2011 - 19:18 | 1068945 99er
Thu, 03/17/2011 - 19:20 | 1068956 Silverhog
Silverhog's picture

I think they waited until Col. Daffy wiped out most if not all the rebels before stepping in. So now who's your daddy?

Thu, 03/17/2011 - 19:31 | 1069017 BigJim
BigJim's picture


Thu, 03/17/2011 - 19:20 | 1068957 Muir
Muir's picture


"... and nobody could have seen it coming ...."


Well of course Mr. Tyler.

As you well know, the market is thoroughly efficient and priced in perfectly the odds that the U.N. would approve the resolution.

Furthermore, it has now priced in any and all contingencies.

I mean, you know this Tyler.

No one could ever have an advantage in an efficient market such as hours.

And I know, you surely, would never imply such.


Respectfully, Muir

Thu, 03/17/2011 - 19:27 | 1069000 TonyV
TonyV's picture

What did you say? I got distracted.

Thu, 03/17/2011 - 19:35 | 1069038 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Richter scale...

Thu, 03/17/2011 - 19:42 | 1069068 ihedgemyhedges
ihedgemyhedges's picture

he said "coming"...............

Thu, 03/17/2011 - 19:48 | 1069109 agrotera
agrotera's picture

My sentiment exactly Muir--all people bow down and remain dutiful servants to the efficient market hypothesis!!!(another scam used by huge portions of the financial service industry in conjunction with modern portfolio theory!)

(although your message might get lost for some, in your picture Muir!)

Thu, 03/17/2011 - 19:22 | 1068975 apberusdisvet
apberusdisvet's picture


According to Gasparino on Lou Dobbs (FBN)

Thu, 03/17/2011 - 19:26 | 1068998 depression
depression's picture

He on the midnight flight to Venezuela with Barry ?

Thu, 03/17/2011 - 19:37 | 1069048 Greater Fool
Greater Fool's picture

Time to update that resume, everyone.

Thu, 03/17/2011 - 19:40 | 1069057 tahoebumsmith
tahoebumsmith's picture

If this is true and Skankfein the roach is running for a dark crack somewhere then there must be big financial trouble in the air.

Thu, 03/17/2011 - 20:53 | 1069377 samsara
samsara's picture

Check (please)

Gods work is done.

Thu, 03/17/2011 - 21:15 | 1069445 FeralSerf
FeralSerf's picture

Missionary work.

Thu, 03/17/2011 - 19:22 | 1068979 Greater Fool
Greater Fool's picture

No problem for Japan. We'll have hit yen-dollar parity by then.

Thu, 03/17/2011 - 19:29 | 1069013 mynhair
mynhair's picture

No indication of that yet tonite, dammit!

Thu, 03/17/2011 - 19:24 | 1068981 mynhair
mynhair's picture

I am totally convinced the Market is inhabited by morons.  Throw those 'perfect information' theories out the window.

Thu, 03/17/2011 - 19:26 | 1068988 gimli
gimli's picture

You realize that this means that Italy will need to get all their oil from olive trees or scrape it off of pizzas before consumption.

Thu, 03/17/2011 - 19:29 | 1069004 mynhair
mynhair's picture

You forgot the tour guide's hair source.  Might be time to book a trip there.

Thu, 03/17/2011 - 19:32 | 1069023 gimli
gimli's picture

You're right, another excellent source.

...... and they could also possibly set up one of them thar prefab nuclear reactor complexes on the coast. After all ...... no tsunamis in the Mediterranean. 

Thu, 03/17/2011 - 19:38 | 1069042 mynhair
mynhair's picture

You forget when Santorini blew and sank Atlantis.

Thu, 03/17/2011 - 19:41 | 1069064 gimli
gimli's picture

Exactly --- it's already pre-disasterized

Thu, 03/17/2011 - 20:28 | 1069221 dearth vader
dearth vader's picture

You forget that Burlesquoni is pumping like mad, though he's long overdue for decommissioning!

Thu, 03/17/2011 - 19:31 | 1069018 Kyle Reese
Kyle Reese's picture

Why is France so concerned about this event?  They always seem so passive on other military actions.   

And what is the UN going to do if the "rebels" lose still to Gadahfi in the end?  Are we going to send in the ground troops.  


One day they are burning our flags the next they are begging for help...



Thu, 03/17/2011 - 19:38 | 1069044 Greater Fool
Greater Fool's picture

If the rebels lose? He'll build another cheesy statue and we'll start buying their oil again.

Thu, 03/17/2011 - 19:45 | 1069090 Kyle Reese
Kyle Reese's picture

Maybe when he rebuilds he will find some nice blonde construction workers to import from Sweden to start reconstruction.  

Fri, 03/18/2011 - 02:00 | 1070255 Escapeclaws
Escapeclaws's picture

Gaddafy, the worlds ugliest dictator, is trying to avoid going into a coma.

Thu, 03/17/2011 - 19:45 | 1069085 THE DORK OF CORK
THE DORK OF CORK's picture

They may want oil to go to $200 as that would justify their investments and would also propel peripheral european industry into the arms of a nuclear powered France.

Japan or not if oil goes to $200 then the world is going to glow or face a slow cold death. 

Thu, 03/17/2011 - 19:48 | 1069107 Kyle Reese
Kyle Reese's picture

If oil goes 200 everyone starts a new game of Monopoly."Do over" 

Or maybe we will have 3 day work weeks.  3 13s or something.

Thu, 03/17/2011 - 21:20 | 1069459 FeralSerf
FeralSerf's picture

3 8s in France.

Thu, 03/17/2011 - 19:52 | 1069122 Don Birnam
Don Birnam's picture

Dork, Happy St. Patrick's. Guinness Stout on this side of the Pond for the occasion ( the Day having fallen squarely within the workweek, stronger libations consisting of distilled spirits will be held until the weekend ).

Fri, 03/18/2011 - 02:03 | 1070258 Escapeclaws
Escapeclaws's picture

Of course with the Irish economy as it is, you may want to nurse the same pint through the afternoon and into the evening. May I suggest those tiny litle straws used to stir coffee?

Fri, 03/18/2011 - 10:15 | 1071151 THE DORK OF CORK
THE DORK OF CORK's picture

Yes it was a dry day - but Paddys day is never fun in the pub , I prefer a quiet pint or 10.

Thu, 03/17/2011 - 20:04 | 1069159 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

France has industry?

Thu, 03/17/2011 - 19:35 | 1069036 tahoebumsmith
tahoebumsmith's picture

Why hasn't the international community decided to pass a no fly zone over Wall St.? After all they have caused more torture to citizens worldwide then Gadaffi could ever cause.

Thu, 03/17/2011 - 19:40 | 1069060 mynhair
mynhair's picture

Have to wait for the Dip to head to Rio tomorrow.  Then we can declare a no-fly zone over the DC corridor.  (Don't I wish, course he'd come up with more Cowboy Poetry for his Sat. radio BS session)

Thu, 03/17/2011 - 19:39 | 1069053 Campagnolo
Campagnolo's picture

it's done!...over $122.00 by summer....$4.5 gallon, ouch!

Thu, 03/17/2011 - 19:40 | 1069066 tahoebumsmith
tahoebumsmith's picture

Come to Cali and get you $4.5 today!

Thu, 03/17/2011 - 19:41 | 1069070 mynhair
mynhair's picture

Get a better (curved) ruler.  $160 by summer.  Book it, Dano!

Fri, 03/18/2011 - 00:18 | 1070047 Campagnolo
Campagnolo's picture

$160 is too high too soon, I know we are f*** up already but $160?!, we are talking about depression levels a that price....

$4.5 in Cali?...damn!

Fri, 03/18/2011 - 02:08 | 1070263 Escapeclaws
Escapeclaws's picture

Love it! With all the drawing of straight trendlines and ascending wedgies on semi-log charts we need a curved ruler for linear charts. Great novelty item--expect to see it on an infomercial any day now.

Thu, 03/17/2011 - 19:43 | 1069071 Hedgetard55
Hedgetard55's picture

Who cares? Air Farce One has plenty of juice to get Barry to Rio and his homeboys/trannies/down low compadres for a few days. It's all bueno, amigos.

Thu, 03/17/2011 - 19:44 | 1069079 mynhair
mynhair's picture

(We in the AirFarce shorted his fuel load.  Hehehehe....)

Thu, 03/17/2011 - 19:45 | 1069092 Zender67
Zender67's picture

Futures down... Dollar index flat...  Black Swan preparing for take off.

Thu, 03/17/2011 - 20:26 | 1069253 Zender67
Zender67's picture

Black Swan mechical malfunction.  Returning to terminal.  Futures on the rise. 

Thu, 03/17/2011 - 20:01 | 1069106 ThirdCoastSurfer
ThirdCoastSurfer's picture


One minute. (looking out window) This is the beginning. We're at ground zero. Maybe you should say a few words, to mark the occasion. Year after year, bodies burnt. Rain fell. Water seeped through the ashes to become lye. The lye combined with the melted fat of the bodies, till a thick white soapy discharge... How ironic. We were selling their fat asses back to them.


Thu, 03/17/2011 - 19:50 | 1069115 max2205
max2205's picture

Oil at resistance to 107. Get all you can at 108

Lets save somemore people that will attack us in 5 years

Thu, 03/17/2011 - 19:55 | 1069129 Debtless
Debtless's picture

funny. sad. true.

Thu, 03/17/2011 - 20:25 | 1069236 John McCloy
John McCloy's picture

Exactly. What part of children seeing their parents dead from our bombings creates angry anti- American adult sentiment?
How would we feel. It's like were purposely creating enemies.

Thu, 03/17/2011 - 20:48 | 1069348 samsara
samsara's picture

It's like were purposely creating enemies.

Set yourself way above the fray John, pretend you are a Rockefeller/Rothchilds level person.   Then think about it.

Soviets fall,  how do you(Mil/Ind/Complex) keep the $800 billion yearly cash cow budget going sucking money from the plebs?

Better find an enemy and find it quick.  This time do it right an NOT have it be a Proper Noun(ie a country).

Make it a Variable(ie Non-Real entity like 'Terrorism') that won't fall or that can be beaten.

Now stimulate the conditions to make it happen.

Hmmm.  How do we go about making 'Them'(a virtual Emmanuel Goldstein) blow on the sparks.....

Jus sayin

Thu, 03/17/2011 - 21:05 | 1069404 mynhair
mynhair's picture

Why wouldn't I buy at 106?  108 is gonna be too late, cuz it will blast thru that faster than ODummer and BS.

Thu, 03/17/2011 - 19:55 | 1069132 earlthepearl
earlthepearl's picture

I think this is the beginning of the whole one world

TPTB will say

Hey look we can all work together let's just hand over all authority to un for any decision

Thu, 03/17/2011 - 21:06 | 1069413 mynhair
mynhair's picture

Yep, never underestimate the power of human stupidity.

Thu, 03/17/2011 - 19:59 | 1069143 jkjacksonhole
jkjacksonhole's picture

Lets see if the French military can do something besides surrender.

Thu, 03/17/2011 - 20:01 | 1069144 jkjacksonhole
jkjacksonhole's picture

Lets see if the French military can do something besides surrender.

Thu, 03/17/2011 - 20:35 | 1069281 tahoebumsmith
tahoebumsmith's picture

What exactly are the French going to do, chase Gadaffi around waving baguettes? This whole Danish Bun,French Baguette,Italian Sausage and Swedish meatball attack ought to be quite humorous to watch meanwhile Gadaffi will take his anger out on more innocent people.

Thu, 03/17/2011 - 20:23 | 1069229 realitybiter
realitybiter's picture

QEn =UR Fd

Thu, 03/17/2011 - 20:29 | 1069259 SuperRay
SuperRay's picture

I'm still looking for some KI...not for japan, for the nukes that will go off in the mideast.  still have a little time for that one.  Learned one lesson in this, if nothing else. Waiting to prepare means you're never going to be ready.  Got my list (revised now) and getting it all tomorrow..

Thu, 03/17/2011 - 20:38 | 1069309 samsara
samsara's picture

A couple on the prepare subject.

 Encapsulate Your Own Potassium Iodate

Read 'Patriots: Surviving the Coming Collapse.

Written in 1998.  Lots of prep ideas.


Thu, 03/17/2011 - 20:57 | 1069387 Mal
Mal's picture

Patriots was ok, but I prefer "The Modern Survival Manual: Surviving the Economic Collapse"

The problem with Patriots is here's the preface: buy a retreat 400 miles from anything, stock it with half a million worth of gear and head there when the economy collapses.  Sounds great in theory, it's unrealistic in practice not to mention, these retreats will likely become your own fully stocked murder site.

Ferfal's book is a lot more practical and realistic.  It also has some great lists for bug out bags and regular prep, etc.



Thu, 03/17/2011 - 21:18 | 1069458 samsara
samsara's picture


Thu, 03/17/2011 - 23:03 | 1069856 dogismyth
dogismyth's picture

hehehehe....Obama out of town this weekend.  I mean out of the country.  Does that leave Biden in charge?  I wonder what is going down this time.  Hopefully he has the Cheney handbook and not the My Pet Llama.

Thu, 03/17/2011 - 23:55 | 1069993 tom a taxpayer
tom a taxpayer's picture

If the Pentagon or Hillary or any world leader need to discuss war with Libya, they can find Biden at the Amtrak train station named in his honor.

"As a thank-you to its most famous customer, Amtrak is renaming the train station in Wilmington, Del., after stimulus “sheriff” Vice President Joseph R. Biden - after the project received $20 million in stimulus money and came in $5.7 million over the initial announced budget.

Spokesmen for Mr. Biden, who said he personally fought for stimulus money for Amtrak, didn’t respond to messages Wednesday or Thursday.

But Amtrak said it alone made the decision to rename the station in honor of the vice president. The company also said its own budget projection was always greater than the $32 million the White House announced back in 2009 - though Amtrak itself also listed the $32 million cost that year, later raising the price tag to $37.7 million."


Fri, 03/18/2011 - 00:34 | 1070079 Out9922
Out9922's picture

Martial Law?  Chineese troops 60 miles south of Loredo, TX?  Me So Horny

Fri, 03/18/2011 - 00:37 | 1070087 PulauHantu29
PulauHantu29's picture

I added when it dipped below 40...with Japan and USA printing like "madmen" and an all out war with Libya, oil will go through the roof.

Fri, 03/18/2011 - 03:04 | 1070340 ivars
ivars's picture

Exactly as predicted in this February 6th chart, the second peak related to supply interruptions begins.It will reach Brent 125-130 by April 1st, when either Gadaffi will be finished, or demand will drop, because of price of e.g. Japan going nuclear.

Now of course this second spike in Oil will not help stocks, the nicely follow the slope of decline I predicted on February 6th. I predicted the peak date correctly, and slope for more than 1,5 months ahead. I think the prediction will be correct also for next months.

What is more interesting, is a prediction for a final spike in silver (and similarly gold) before 40-50% correction coming very soon, at about 45 USD. I do not know what can be causing that spike in silver and correction - Japans QE and following sales of its gold reserves? Or dollar strengthening on Libyas war and Europes problems? I do not know, but the aggregate of all events will make silver look like it is in the chart. Its currently going hyperexponential for too long, and to fast, and that never lasts. Exponential growth can last, superexponential- never.







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