Comments on: Oil price cliff diving and a whiff of deflation is in the air http://www.creditwritedowns.com/2008/10/oil-price-cliff-diving-and-whiff-of.html Finance, Economics and Markets Fri, 10 Feb 2012 00:37:00 +0000 hourly 1 By: Edward Harrison http://www.creditwritedowns.com/2008/10/oil-price-cliff-diving-and-whiff-of.html#comment-485 Edward Harrison Fri, 17 Oct 2008 09:46:00 +0000 http://www.creditwritedowns.com/2008/10/oil-price-cliff-diving-and-a-whiff-of-deflation-is-in-the-air.html#comment-485 I'd probably say no on the price run-up due to credit problems. The underlying supply demand changes are too great and the credit crunch is now leaving its most acute phase in my opinion.<br/><br/>All of that said, I do see oil bottoming out here. I am not bearish on oil at these levels. I’d probably say no on the price run-up due to credit problems. The underlying supply demand changes are too great and the credit crunch is now leaving its most acute phase in my opinion.

All of that said, I do see oil bottoming out here. I am not bearish on oil at these levels.

]]> By: Anonymous http://www.creditwritedowns.com/2008/10/oil-price-cliff-diving-and-whiff-of.html#comment-484 Anonymous Fri, 17 Oct 2008 02:10:00 +0000 http://www.creditwritedowns.com/2008/10/oil-price-cliff-diving-and-a-whiff-of-deflation-is-in-the-air.html#comment-484 I have this belief that the credit problems could lead to an disturbance in commodity supplies. Doesn't everyone that stocks their shelves, or fill their gas station reservoirs all based upon credit? They can't pay cash for all of this can they? I would expect a run up in commodity prices if things continue on this path, how do you feel? I have this belief that the credit problems could lead to an disturbance in commodity supplies. Doesn’t everyone that stocks their shelves, or fill their gas station reservoirs all based upon credit? They can’t pay cash for all of this can they? I would expect a run up in commodity prices if things continue on this path, how do you feel?

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