Mini Oil

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DDF Ultra Lite Oil Free Moisturizing Dew Minis
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US $4.99

BMW MINI ROVER OBD 2 II Oil Service OBD2 OBDII Tool W40
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US $.93

WEXFORD TWO MINI OIL LAMPS
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US $6.99

Vintage Copper Mini Victoria Swivel Oil Lamp Finger Hnd
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US $4.99

Lavender Scent Mini Reed Diffuser Oil
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US $3.50

1 4 IN LINE MINI OILER LUBRICATOR Oil Air Tools Wrench
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US $8.99

Mini Oil

What is Happening to Oil?

OPEC president Chakib Khelil again blamed speculators for the steep rise in oil prices on Saturday, insisting that supply was not a problem. "There is no problem of supply, the problem is much more linked to speculation," he told a press conference with visiting French ecology and energy minister Jean-Louis Borloo.

Is oil price really a bubble that is created by speculators? Why do some experts say that the world is not lacking of oil and yet oil price has been rising at a fast pace.

Let us analyse oil using Economics 101:
The world can now produce 85 million barrels a day, and that's it. Global demand is 87 million barrels a day and growing.

Now let us put this into the perceptive of an employee:
Say David is earning $4000 a month, but he is spending $5000 every month. Does this mean that he is poor now? No.
Does this mean that he is going to get bankrupt in the next few years? Not sure, depending on how much reserves he has in his bank account, and whether his pay will rise in future.
But one thing is for sure, if he continues to spend more than he earns, his reserves is going to drain off one day.

The world is certainly not lacking of oil now. But the amount that the world is consuming now is more than the amount that it is producing. Let us not forget that the global demand is now 87 million barrels a day, this number can rise to 100 million barrels a day when China and India population become more affluence in the next few years.

So this means deficit (demand > supply) is going to widen. If this trend continues, oil price is going to rise higher as a reflection of its fundamental, and world oil reserves is going to drain off one day.

It is not the evil oil companies or the futures market speculators that have pushed crude oil to $125 a barrels. It's forward looking on the basic supply and demand.

Let's us get ready for $150 oil, $250 oil...

High oil price is not a problem, it is a great money-making opportunity. You can now trade super mini oil contract to tap on rising oil price. Value of 1 pt for the super mini oil is only US$100, affordable to most people on the street.

To open a super mini oil account, click on the link below. Choose Standard account, Mini account can only be used to trade forex mini.

http://basemetal-trading.blogspot.com/2008/06/trading-platform-for-trading-oil-gold.html

About the Author

Currently I'm working as a trader in a hedge fund. Previously I was working as a commodity specialist in a bank.

Aspires to be a fund manager. In 2007, I had participated in a 1 year stock-pick competition organized by Zacks.com in America. At the end of the competition, I was ranked 407th out of 27,700 participants, hence this makes me top 1.47% of the competition. I had achieved 32.67% return on the competition portfolio, for the same period S&P was only up 6.99%, and Dow Jones was only up 4.16%, hence I had outperformed the broad market by a wide margin.

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