U.S. OIL FUND ETF (USO)

All Comments on USO

  • commenter
    BrunoT
    Aug 30 11:29 AM
    False Data Clobbers the Markets [view article]
    Wow, they let anyone write a column and put it here, don't they?

    Talk about clueless. Yes, the data is flawed. But in the opposite direction!
    Reply
  • commenter
    Ernie
    Montague
    Aug 30 11:12 AM
    False Data Clobbers the Markets [view article]
    Let's see.. Rumors about Apple have cut $30 from the share value. That translates to: I bought this perennial loser at the highest it has ever been and am waiting for a miracle.

    Plenty of oil: Sure is. Getting it out of the ground is the problem. Ever try to suck oil out of sandstone closed pockets?

    China is not a risk. China is building freeways for 200 million cars. If one third that number fills them......... That will add another SIX MILLION barrels a day of consumption, which everyone admits is not currently possible.

    O, Inflation. The dollar is in tatters. The current free money policies have destroyed it.     Reply
  • commenter
    surgcare
    Aug 30 10:22 AM
    False Data Clobbers the Markets [view article]
    The fact that this guy is short oil and at the same time he says we're going to have alternative energy any day is "DUMB" . There WILL NOT be alternative forms of energy as long as oil is cheap . This guy predicted we had so much oil , the price would come down to 30 dollars .If thats true (its not ) then you can forget other forms of energy . Anybody who buys this guys lunacy is also luny . Reply
  • commenter
    surgcare
    Aug 30 10:04 AM
    False Data Clobbers the Markets [view article]
    This guy doesn't have a clue . If the data doesn't match his fantasy , he makes it up . Reply
  • commenter
    varmit
    Aug 30 09:53 AM
    False Data Clobbers the Markets [view article]
    Are you really concerned about the price of oil in 20 years?

    I'm more worried about the gas pump price next week when we begin to see if Gustav is going to be a problem.

    Relax and enjoy plenty of time to be paranoid next week

     Reply
  • commenter
    cyclops2020
    Aug 30 09:39 AM
    False Data Clobbers the Markets [view article]
    Ozzy, have you seen the recent Zapata George report?

    On August 28th a report in a Corpus Christi, Texas newspaper included a picture with this caption: “Tank trucks wait in long line Wednesday to load fuel at Magellan terminal in Fargo North Dakota.” For those who don’t know, Magellan Midstream Partners LP operates a network of pipelines and distribution terminals including one in Fargo.

    The report went on to say that industry officials are mystified by fuel shortages at terminals in the upper Midwest in recent days. However, they are likely to have enough supplies for Labor Day weekend.

    Folks, we reported a week ago that there were shortages of diesel in, of all places, northwestern Saudi Arabia. Last spring we reported that there was no gasoline in Australia and the big companies advertised in a Sunday paper to apologize. We also reported on the shortage of gasoline at the biggest refinery on Edmonton Row in Alberta Canada – all evidence that this is NOT a new occurrence!

    Are you beginning to get the picture? It’s developing right before our eyes. There is only one reason for shortages of gas to be happening in so many places, and that’s because THERE ISN’T ENOUGH crude supply.

    If you haven't heard me before, please pay attention because peak oil is behind us. Let me say that again…PEAK OIL IS BEHIND US! We now consume more oil every day then we produce, and that is not likely to change! The crude oil inventories that are worldwide and located in 10,000 different places have been absorbed through the second quarter. From here to the end of the year, the rubber meets the road “big time”. I must say this once again. “Now is the time to be long in oil, natural gas, coal, gold, silver and agricultural products.”
    This is Zapata George     Reply
  • commenter
    lblaine
    Aug 30 09:37 AM
    False Data Clobbers the Markets [view article]
    Good luck with your short of USO. Hope it isn't on margin. Reply
  • commenter
    boubou
    Aug 30 09:29 AM
    False Data Clobbers the Markets [view article]
    Ozzy,thanks for the abundance of sources for data and analysis.
    Its a pity that the credibilty of the government, industry and the media is so utterly trashed., and this article doesn't help.
    Everyone now starts from the position ' what agenda is served by the latest round of lies and distortion ?'

    Most poeple feel better when they believe in something or somebody.
    Unfortunately we have to get along without that.
    Reply
  • commenter
    cyclops2020
    Aug 30 09:13 AM
    False Data Clobbers the Markets [view article]
    Bottom line....yeah, for now!

    Ozzy....I understand your frustration ;) Also know that there are none so blind as those who will not see...     Reply
  • commenter
    Persevere
    Aug 30 09:08 AM
    False Data Clobbers the Markets [view article]
    ". . . unemployment is still in the 5% range despite a housing meltdown."

    From where was this statistic derived? From the "legal" employment/unemploymen... data?

    What about the millions of "illegal criminal alliens" who are now back in their own countries living like kings, who are NOT counted in the unemployment statistics?

    Just guessing, but probably if you counted the loss of jobs by all the "illegal criminal aliens" in the last couple of years, the true unemployment figures would be closer to 9%, or more!     Reply
  • commenter
    mangolfer
    Aug 30 07:10 AM
    False Data Clobbers the Markets [view article]
    Bottom line: Oil is trending down no matter what bad news come out, and the stock market is trending up.... Reply
  • commenter
    Emthree
    Aug 30 03:56 AM
    Tracking Crack Spreads [view article]
    Please check the Nymex descriptions of buying and selling the crak spreads which are exactly the opposite of your descriptions in this article.

    "sell the crack;”- buy crude futures and sell gasoline and heating oil futures.

    www.nymex.com/media/cr...     Reply
  • commenter
    Jake2
    Aug 30 02:10 AM
    My Website
    25 ETFs That Actually Are Making Money [view article]
    And with ETFs these days you don't get much . . . You could have saved us a lot of time if in the opening sentence (the only sentence!) you had said, "Don't bother with ETFs!" Reply
  • commenter
    Emthree
    Aug 30 02:00 AM
    Tracking Crack Spreads [view article]
    Brad,

    Your description of buying and selling the crack spread seems to be wrong in this article ;

    "*sell the spread*; in expectation of the seasonal narrowing in refining margins ....entails selling short three futures contracts while simultaneously holding two gasoline contracts and one heating oil contract long"

    "*buy the spread* ... holding three crude oil futures long against the sale of two gasoline contracts and one heating oil futures"

    Isn't each transaction exactly the *opposite* of your description ?
    Larry Livingstone has raised this query in his July/21 post but you have not addressed this query. I look forward to your clarifcation.

     Reply
  • commenter
    captainjohan
    n
    Aug 30 01:00 AM
    My Website
    Wall Street Breakfast: Must-Know News [view article]
    Hi racheal, great writing. What is your take on Obama's outsourcing comment. Many Indians are switching over to macain after this comment Reply

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