tag:blogger.com,1999:blog-5559625162105672139.post79873713992356058..comments2023-10-15T07:35:20.455-07:00Comments on The Crude Oil Trader: Are you using the "Squeeze Trade"Unknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5559625162105672139.post-13128640641778074342013-03-10T19:45:14.788-07:002013-03-10T19:45:14.788-07:00IRAN, REMAINS THE X FACTOR FOR THE PRICE INCREASE ...IRAN, REMAINS THE X FACTOR FOR THE PRICE INCREASE OF CRUDE and Refined Oil Products<br />We think that Saudi´s short term future as the world No. 1 crude oil producer soon will be diminished however due to the ever increasing oil demand in the global market as well as growth in emerging countries such as India, China and South America, the price of oil remain stable at about $90.-$100./ barrel for the next 1-3 years.<br />Having said that, U.S. and most European Union countries aggressively to pursue producing alternative energy and in addition the prospect of having electric car in the market now is more viable (TESLA car introduction). Based on the above factors, we think long term oil prices will be reflected downward toward $75.-$80./ barrel for the long term range.<br />However, we are bullish about the future of crude oil prices due to IRAN¨s geopolitical oil production and Hurmoz Canal distribution. IRAN remains the X FACTOR for the near future until its Nuclear development issue is resolved. Needless to say in case that the dispute between the U.S. and Iranian Islamic Republic regime escalate due to further development of IRAN nuclear ambition, it is our opinion that a new war would be imminent in the region between the West and IRAN. Even though, IRANIAN government insisting on building a peaceful nuclear reactor, the western community rightfully so, do not buy their argument and will do anything to delay and ultimately stop a nuclear IRAN.<br />It is also our opinion that at this stage U.S. will be patiently awaiting to see if alliance with China and Russian Federation can be achieved before initiating a new conflict in IRAN.Anonymoushttps://www.blogger.com/profile/08592261941195952156noreply@blogger.com