$100 A Barrel Oil is on the Way

[myrobbins7]

Originally Posted by TennTradition

You seem to be making money at the oil futures, so I hesitate to call you out - but I think that your statement about gas prices is off. We've seen gas prices go up while oil prices drop this year. I wouldn't so closely correlate these two without including other dominating factors in gasoline prices.

Your very right about the gas price go up while oil drops. Thats what ALOT of folks are b*tching about now and have been. Somebody is getting VERY VERY rich..Very rich

[myrobbins7]

Originally Posted by TennTradition

The CEO of Shell said in a presentation I attended that they were confident that they would develop 40-60 dollar a barrel oil from oil shale. We'll see.....

The Mid east wants it higger than that, so does the CEO. Trust me.The higher oil goes,the more he and his co. makes. Just take a look at Exxon...Big $$$

[myrobbins7]

Originally Posted by allvol123

Congress better do something.

I agree, but the folks that need to do something is OPEC. They run the market .

[GAVol]

Originally Posted by myrobbins7

The Mid east wants it higger than that, so does the CEO. Trust me.The higher oil goes,the more he and his co. makes. Just take a look at Exxon...Big $$$

Why would a CEO want the price of raw materials to be higher?

[TennTradition]

All the US has to do is cut a deal with OPEC that we won't institute CO2 policy if they will sell oil to us at a cheaper price. I'm not advocating this...but it would work!

[TennTradition]

Originally Posted by GAVol

Why would a CEO want the price of raw materials to be higher?

I'm guessing that he was referring to the CEO of Shell...whose major raw material is oil....and product is oil. They drill their own oil don't they...and sell it to refineries?

[myrobbins7]

Originally Posted by GAVol

Why would a CEO want the price of raw materials to be higher?

The CEO doesnt control the cost of the oil, OPEC does. All you have to do go back to Exxons Q4 filing and compare that to there Q4 filing 5 years ago and it will blow your mind.

[myrobbins7]

Originally Posted by TennTradition

I'm guessing that he was referring to the CEO of Shell...whose major raw material is oil....and product is oil. They drill their own oil don't they...and sell it to refineries?

Thats true. Thats part of the problem also. We NEED more refineries.

[WA_Vol]

Originally Posted by myrobbins7

Yeah, Oil and Nat Gas. Oil has been great and gold also but the move in nat gas I think is on the way. I think Oil will get to $100 shortly. If something breaks out in the Mid East folks dont understand, they will think $100 oil is cheap. Oil hit $85 today for every $1 oil goes up, that translates to 6-8 cents at the pumps. Get ready cause its on the way.

i've been recommended to buy oil futures in the spring before the peak oil season as a cant lose proposition. whats the minimum amount for a position you invest though? 10k?

[WA_Vol]

over 88 today

[myrobbins7]

Originally Posted by oklavol

i've been recommended to buy oil futures in the spring before the peak oil season as a cant lose proposition. whats the minimum amount for a position you invest though? 10k?

You know, I would jump ahead of the game. Spring is when EVERYBODY jumps in becasue its true, you make money in the spring going into summer. What I would do is start late winter and jump in myself.

[myrobbins7]

Originally Posted by oklavol

over 88 today

And going higher if Turkish military attacks the Kurdish separatists.

[CSpindizzy]

And watch trickle down economics work. Higher heating oil, higher construction material, etc. The construction material in an already suffering sector doesn't help much.

[myrobbins7]

Originally Posted by CSpindizzy

And watch trickle down economics work. Higher heating oil, higher construction material, etc. The construction material in an already suffering sector doesn't help much.

Thats true..

[jdsa]

stagflation anyone?