Comments on: China’s Sinopec to Cut Oil Imports http://www.nakedcapitalism.com/2008/09/chinas-sinopec-to-cut-oil-imports.html Sun, 22 Nov 2009 02:09:47 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: mxq http://www.nakedcapitalism.com/2008/09/chinas-sinopec-to-cut-oil-imports.html#comment-16551 mxq Mon, 22 Sep 2008 19:54:00 +0000 http://www.nakedcapitalism.com/2008/09/chinas-sinopec-to-cut-oil-imports/#comment-16551 Gas and diesel barely budged "only" up a few %, too. 321Cracks are negative based on Oct delivery. (aka oil is worth more than the products that are made from it) Gas and diesel barely budged “only” up a few %, too. 321Cracks are negative based on Oct delivery. (aka oil is worth more than the products that are made from it)

]]> By: Anonymous http://www.nakedcapitalism.com/2008/09/chinas-sinopec-to-cut-oil-imports.html#comment-16534 Anonymous Mon, 22 Sep 2008 19:06:00 +0000 http://www.nakedcapitalism.com/2008/09/chinas-sinopec-to-cut-oil-imports/#comment-16534 It's only the oct fut oil. Very strange?!?!?<br/><br/>http://www.nymex.com/lsco_fut_cso.aspx It’s only the oct fut oil. Very strange?!?!?

http://www.nymex.com/lsco_fut_cso.aspx

]]> By: mxq http://www.nakedcapitalism.com/2008/09/chinas-sinopec-to-cut-oil-imports.html#comment-16528 mxq Mon, 22 Sep 2008 18:24:00 +0000 http://www.nakedcapitalism.com/2008/09/chinas-sinopec-to-cut-oil-imports/#comment-16528 Oil +$25 to $130<br/><br/>"Steven Schork...no logical reason for this, total short squeeze, what has happened, we are right back to where we were last Sept., cheap money is going to pile into commodities. We could be back to $150, regardless of supply demand, which as they stand, in my opinion in no way support prices at these levels much less at $90." - cnbc Oil +$25 to $130

“Steven Schork…no logical reason for this, total short squeeze, what has happened, we are right back to where we were last Sept., cheap money is going to pile into commodities. We could be back to $150, regardless of supply demand, which as they stand, in my opinion in no way support prices at these levels much less at $90.” – cnbc

]]> By: mxq http://www.nakedcapitalism.com/2008/09/chinas-sinopec-to-cut-oil-imports.html#comment-16527 mxq Mon, 22 Sep 2008 18:13:00 +0000 http://www.nakedcapitalism.com/2008/09/chinas-sinopec-to-cut-oil-imports/#comment-16527 Oil +$15 to $119<br/><br/>The only thing that has changed is the fact that the dollar is going to tank.<br/><br/>Amazing. Oil +$15 to $119

The only thing that has changed is the fact that the dollar is going to tank.

Amazing.

]]> By: Jamal http://www.nakedcapitalism.com/2008/09/chinas-sinopec-to-cut-oil-imports.html#comment-16524 Jamal Mon, 22 Sep 2008 18:00:00 +0000 http://www.nakedcapitalism.com/2008/09/chinas-sinopec-to-cut-oil-imports/#comment-16524 This is a very short-term data point. Chinese crude and oil product imports are notoriously noisy and fluctuate in huge increments (check the stats on bloomberg for yourself). While the notion that a slowdown in Chinese oil demand is possible is very real, this data point itself tells you nothing. Give me a year over year average import number or at least a six-month running average year-over-year to really show a trend. This is a very short-term data point. Chinese crude and oil product imports are notoriously noisy and fluctuate in huge increments (check the stats on bloomberg for yourself). While the notion that a slowdown in Chinese oil demand is possible is very real, this data point itself tells you nothing. Give me a year over year average import number or at least a six-month running average year-over-year to really show a trend.

]]> By: S http://www.nakedcapitalism.com/2008/09/chinas-sinopec-to-cut-oil-imports.html#comment-16525 S Mon, 22 Sep 2008 18:00:00 +0000 http://www.nakedcapitalism.com/2008/09/chinas-sinopec-to-cut-oil-imports/#comment-16525 commodites are the new currency - supply demand who commodites are the new currency – supply demand who

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