'Time to profit from oil's rise'
Seems still I don't really know abt blogger.I like xanga,wretch and facebook more instead of blogger.Saw a news article which may affect our life.
Time to profit from oil's rise
(HK STANDARD) 31/10/2007 Wed 05:30AM
Crude oil prices are ripe for some "tactical" profit-taking after their recent rally to record highs, investment bank Goldman Sachs said yesterday, as it recommended closing long positions in oil, agriculture and gold.
"We are not trying to call a top here, just take profits from a tactical perspective, as prices could continue to rise in the coming weeks," Goldman said in a research note.The bank said oil prices could rise above US$100 a barrel as key upside risks remain, such as cold winter weather exacerbating supply shortages, a US Federal Reserve rate cut, weak dollar, rising costs and royalties and ongoing geopolitical turmoil.
Can't imagine what will happen if it rises to US$100 per barrel.Maybe at that moment,all of us can only walk to Taipei City as the oil is too expensive that the bus company must increase the bus fee.And I would wonder how many percent will the air ticket rises.Everytime when the oil price rises a bit,the airticket price will rise more rapidly but it won't drop when the oil price drops.Is that scientists should concentrate more on this problem?Also if it rises such a lot,it may also cause the economics declines just as the 70's.And both HK and Taiwan economics are directly affected by the U.S. economics and it directly affected by the oil price,therefore this news may relate to our economics and our life.
p.s.Seems not that exciting in Chang Gung here even today is Halloween.Will it be the same even in Christmas.
Time to profit from oil's rise
(HK STANDARD) 31/10/2007 Wed 05:30AM
Crude oil prices are ripe for some "tactical" profit-taking after their recent rally to record highs, investment bank Goldman Sachs said yesterday, as it recommended closing long positions in oil, agriculture and gold.
"We are not trying to call a top here, just take profits from a tactical perspective, as prices could continue to rise in the coming weeks," Goldman said in a research note.The bank said oil prices could rise above US$100 a barrel as key upside risks remain, such as cold winter weather exacerbating supply shortages, a US Federal Reserve rate cut, weak dollar, rising costs and royalties and ongoing geopolitical turmoil.
Can't imagine what will happen if it rises to US$100 per barrel.Maybe at that moment,all of us can only walk to Taipei City as the oil is too expensive that the bus company must increase the bus fee.And I would wonder how many percent will the air ticket rises.Everytime when the oil price rises a bit,the airticket price will rise more rapidly but it won't drop when the oil price drops.Is that scientists should concentrate more on this problem?Also if it rises such a lot,it may also cause the economics declines just as the 70's.And both HK and Taiwan economics are directly affected by the U.S. economics and it directly affected by the oil price,therefore this news may relate to our economics and our life.
p.s.Seems not that exciting in Chang Gung here even today is Halloween.Will it be the same even in Christmas.
posted by Donald Yeung at
4:55 AM
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