Monday, July 14, 2008

OIL Prices What People Say

If oil prices keep rising corporate earnings will be affected badly and even the bond market will get impacted.
Kiran Patel, Global Head (R&S), AXA Investment Managers

As long only index funds have more money than the sellers, they have raised the risk of being short.
Howard Simons, Strategist, Bianco Research

If India and other countries give a credible threat of cutting down oil imports, then the oil price bubble can burst.
Dr.Kirit Parikh, Member, Planning Commission.

India and other oil importing countries should press for a ban on forward trading of oil on a global platform.
M.R.Pasrija, CMD, Oil India

The oil futures prices are driving the spot prices-its like tail wagging the dog. Prices are not justified by supply and demand.
Stephen Schork, President, Schork Group

If US economy is slowing down, can Indian and Chinese economies be growing so fast to compensate for US slowdown?
Sanjay Sinha, CIO, SBI Mutual Fund.

Courtesy- Dalal Street

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