Alaron Energy Comment

CHICAGO - Aug 4/08 - SNS -- Following is the energy futures comment from Alaron Trading Corp.

A Barack-a-flop and oil could drop. Barack Obama does a flip flop on offshore drilling  because Americans are starting to demand it. This comes even as Tropical storm Edouard has a bulls-eye painted on the heart of the US refining industry and there are growing fears that Israel has a target on Iran. Slowing demand and the hope for more supply is weighing on the market even as the geopolitics and the weather is getting wild.

This storm could have a bulls-eye on it. Tropical Storm Edouard is heading straight to the heart of the US oil industry. We could be affected as well as numerous offshore oil and gas platforms. The key will be how strong the storm will be and where it hits. At least 16 refineries could be affected which is the same amount that shut down before Rita came. The Houston shipping channel could be closed as well as the Loop -  Louisiana Offshore Oil Port. So far the loop is open.

Iran tested a missile as it again refused to curtail its nuclear program. That means Iran missed the deadline and will face increased sanctions.

But the BIG news was the Barack-o-Flop. What is a Barack-o-Flop you ask? It's when a Presidential nominee flip flops on a major issue! The US Senator shocked the market by saying late Friday that he would be willing to open Florida's coast for more oil drilling if it meant winning approval for a comprehensive energy strategy. Of course Senator Obama used to mock us about the Issue of off shore drilling until he realized that the polls are overwhelming in favor of offshore drilling. Senator Obama always said he believes in change and that apparently means changing his mind on a position  just as easily as the  wind changes.  No doubt about it Senator Obama is one great politician.

See me today on the Fox Business Network!! Also sign up four your free trial of www.alaron.energies.com.  Call me for more info and to open your account! Also call for intraday profit targets and day trades at 800-935-6487 or email me at pflynn@alaron.com.

We're short September crude from apprx  12570 - stop  12870.

Sell September heating oil at 35500 -  stop 36300.

Sell September RBOB at 32520 -  stop 33000.

Sell August natural gas at 1050 -  stop 1070.    

 Have a GREAT day!

Phil Flynn

Alaron Research Team

800.563.9510

pflynn@alaron.com

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