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Alaron Energy Comment

CHICAGO - Jun 10/08 - SNS -- Following is the energy futures comment from Alaron Trading Corp.

 

Windfall warning, Get ready for the rise before the great windfall. Senator Barack Obama the presumptive Democratic Nominee for President of the United States is proposing to outsource our energy security to other nations. Senator Obama also wants to raise the cost of energy on every American and take that money and speculate in the market place. He wants to see our nation become more dependent on foreign oil.

 Well he did not quite put it that way but he did say he wanted to impose a “Windfall Profit Tax” A Windfall profit that came after billions of dollars of investment by the oil companies and energy company shareholders like those who hold US energy companies in their Ire's. For the next 10 to twenty years Mr. Obama wants us to eat less, drive less, use smaller cars and have a lower standard of living while he takes billions of dollars away from the oil companies to invest in alternative fuels. Mr. Obama is a skinny guy who is concerned that the rest of the world is getting angry with us that we have the type of economy where most Americans have plenty to eat and can afford in many cases to by luxury cars and SUV's. How Dare Us! His goal is make us more dependent on foreign oil and wants to help make sure that countries like Russia, China and India gain access to the worlds energy supply while we are cut out. And Why not! Mr. Obama thinks we are too fat and drive cars that are too big.

 Well Senator Obama I might have put on a few pounds but at least I quit smoking! Yet I thought the Idea of freedom is to eat as much as I want and drive what ever I want. Yes I know that some might think gluttony is a sin but in a country where the constitution guarantees mar the right to Life Liberty and the Pursuit of happiness if eating allot of food and driving an SUV makes me happy why is it any business of yours?

 The Truth is that the imposition of these kinds of taxes is an assault on our freedoms. Should I remind our Dear Senator that this country got it start by having a revolution over unfair taxation? This assault on the oil companies is an attempt to steal profits from oil companies and redistribute them to what every special interest alternative fuel he sees fit. Of course I guess one of the fuels we won't see is nuclear but oh well.

The International Energy Agency says that demand is falling but not fast enough and production is increasing but not fast enough, The IEA cut its global oil demand forecast for the fifth month in a row, The IEA lowered demand by 70,000 barrels a day. But They say the earthquake in China is going to bring on more demand and non opec production is not keeping up.              

Late report due to computer issues! Have You Checked out the Fox Business Network yet? Do it today! Also call for your free trial of WWW.alaronenergies.com and get on the Phil Flynn Energy Blast! Just call me at pflynn@alaron.com or call me at 800-935-6487.

Sell July Crude at 13500 stop 13600

Sell July RBOB at 360 stop 365

Long July Heating oil from 35500!!!!!!! Stopped to38800!!!!Wow! Buy July Heating Oil 26000 stop 355

Buy July Natural gas at 1240 stop 1170

 

 

   


Phil Flynn

Alaron Research Team

800.563.9510

pflynn@alaron.com



DISCLAIMER: Futures and options trading involve substantial risk. The valuation of futures and options may fluctuate, and as a result, clients may lose more then their original investment. In no event should the content of this website be construed as an express of an implied promise, guarantee or implication by of from the author(s) that you will profit or that losses can or will be limited in any manner whatsoever. Past performance is not necessarily indicative of future results. Information provided on this website is intended solely for informative purposes and is obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Alaron Trading Corp. its officers, directors, employees and brokers may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report.

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