$100 A Barrel Oil is on the Way

[MG1968]

then you just don't use their card

that's true, but then your whole reason for buying a Chrysler or a Dodge just went away.

 

[JTrainDavis]

Rocking the market might have been a bit strong, especially in light of the fact that Citi's analyst said we are just as likely to go to $40 as we are $200.

Now honestly, why would the media report something to relax and give hope to the people, rather than encourage further hysteria??

It's amazing how many parts of a discussion are conveniently not shows in the clips.

 

[TheGimp]

Does anyone really think it will ever fall below $2 dollars a gallon? I think the bubble may burst, but I'm not sure it will ever get that low again.

Those days are loooong gone.

 

[myrobbins7]

Going higher today gents. $125.25 on early Fut. Up $1.55 already this AM. Enjoy...

 

[WA_Vol]

A new record 127/barrel

Oil price surges to record high above $127

 

[TennTradition]

A new record 127/barrel

Oil price surges to record high above $127

This feels like the .com boom...you just keep shaking your head and it just keeps going higher.

 

[OWB]

..

 

[WA_Vol]

No luck increasing production...

 

[wylievol]

myrobbins what are u hearing bout the future of oil?

 

[myrobbins7]

myrobbins what are u hearing bout the future of oil?

I think it's going higher. They will push it as hard as they can to $150. Me, I wouldn't touch it right now. I sold 3/4 of my postion at $101 - $112.

 

[wylievol]

screw the arabs!:finger3:

 

[myrobbins7]

screw the arabs!:finger3:

Well, I wouldn't go that far. The traders have alot to do with it also.

 

[Rasputin_Vol]

I think it's going higher. They will push it as hard as they can to $150. Me, I wouldn't touch it right now. I sold 3/4 of my postion at $101 - $112.

After it goes to $150, then what? Does the crash begin then?

 

[myrobbins7]

After it goes to $150, then what? Does the crash begin then?

Man, I really thought $125 would be the top. Goldman is trying, and others to push it up to $200. They put out a report a little while back stating they "thought" it was going to $200. It wouldn't suprise me if it does, I really, really hope not. It's a big guessing game right now.

 

[Rasputin_Vol]

How are our supplies looking vs oil refining capacity? Is it a shortage of oil or a shortage of refining capacity?

 

[myrobbins7]

How are our supplies looking vs oil refining capacity? Is it a shortage of oil or a shortage of refining capacity?

We have oil, we just need more refining capacity. This price uptick reminds me alot of the dotcom era.

 

[TennTradition]

This feels like the .com boom...you just keep shaking your head and it just keeps going higher.

We have oil, we just need more refining capacity. This price uptick reminds me alot of the dotcom era.

 

[myrobbins7]

Good call TT. :hi:

 

[TennTradition]

Good call TT. :hi:

On a (I guess) positive note, at least all of this product has value..which was not the case in the .com bust. So...we see crazy price hikes..but when it comes back down, the bottom isn't going to fall out from under it.

 

[Rasputin_Vol]

On a (I guess) positive note, at least all of this product has value..which was not the case in the .com bust. So...we see crazy price hikes..but when it comes back down, the bottom isn't going to fall out from under it.

Getting back on topic, will $100 a barrel be on the way again?

 

[droski]

there is no supply problem and the refining margins are so slim that the refiners are losing $$$$ like crazy. It's all speculation.

 

[orange+white=heaven]

So, have the prices at the pump reached the point where any of you have radically altered your driving habits yet?

 

[droski]

how many of us actually have viable alternatives to driving? not many.

 

[allvol123]

So, have the prices at the pump reached the point where any of you have radically altered your driving habits yet?

Not driving habits but I have altered my spending habits. I cut my own grass now. I had paid a guy to do it the past 2 years. Oh, and I have altered my driving in the sense that I drive the wife's car to work and the stay at home wife drives my truck around town.

 

[orange+white=heaven]

how many of us actually have viable alternatives to driving? not many.

Well I've made the subtle changes already. Like shopping the grocery that is closer to home, rather than the nicer one across town... or eating at home more, rather than dining out so much. Fewer trips back to the house at lunch time.

Small stuff that extends the life of a tank.

Only 3.72 here, I imagine it's vastly higher in Droskifornia...