$100 A Barrel Oil is on the Way

#876
#876
HA! The same person that says drilling in more places will have no impact, suggests to open the reserves? Good grief this woman is dumb.
 
#877
#877
I'm for dumping the entire strategic reserve on the market at once at $140 / barrel. Then buy it all back when the bottom drops and pocket the billions.

I am one strong capitalist.
 
#880
#880
I'm still in disbelieve that $150 barrel oil is likely by the end of the week. It was half that less then a year ago.
 
#881
#881
oklavol said:
I'm still in disbelieve that $150 barrel oil is likely by the end of the week. It was half that less then a year ago.
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which is why all of your demand discussion is just talk. Demand is no longer remotely driving this market, so any effort to correlate pricing to the growth in China and India is off the mark. Some incremental portion of the increase might be in there, but the main driver is the amount of new capital chasing commodities rather than alternative investments.
 
#882
#882
oklavol said:
I'm still in disbelieve that $150 barrel oil is likely by the end of the week. It was half that less then a year ago.
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You need to look at this way also, the market goes down every other day sometimes everyday. Traders are looking at where the $$$$ is flowing into, guess where that is? Oil and gold etc....They are chaseing this stuff to make a few $$$. There's alot of $$$ being pulled out of stocks, so there not going to chase that, they are chasing what's going up. That's Oil.
 
#887
#887
Cool. Bush's symbolic move help any? Do you have a website where the price can be viewed as it updates?
 
#888
#888
Bernanke talking...thats all. I won't be shocked to see them bid it back up in the next day or 2, that's the trend right now.
 
#890
#890
allvol123 said:
Cool. Bush's symbolic move help any? Do you have a website where the price can be viewed as it updates?
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i doubt it. i think people are starting to realize that consumers actually are driving less and with the economy tanking demand for oil just has to drop.

i think Business, financial, personal finance news - CNNMoney has a fairly up to date quote. i get it real time on my work computer.
 
#891
#891
droski said:
i doubt it. i think people are starting to realize that consumers actually are driving less and with the economy tanking demand for oil just has to drop.

i think Business, financial, personal finance news - CNNMoney has a fairly up to date quote. i get it real time on my work computer.
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Thanks. This takes you right to it. If anyone else is interested and does not have a fancy oil computer at work:)

Commodities - Latest Trading Prices and Data from CNNMoney

I was hoping they could throw that line from Pelosi about "drilling today will not help oil prices" in her face.
 
#892
#892
droski said:
i doubt it. i think people are starting to realize that consumers actually are driving less and with the economy tanking demand for oil just has to drop.

i think Business, financial, personal finance news - CNNMoney has a fairly up to date quote. i get it real time on my work computer.
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hey droski, i read in June, that Americans drove and estimated 20 or 40 billions miles less since 1st of the year. i forget the exact number but it was staggering.
 
#893
#893
allvol123 said:
Thanks. This takes you right to it. If anyone else is interested and does not have a fancy oil computer at work:)

Commodities - Latest Trading Prices and Data from CNNMoney

I was hoping they could throw that line from Pelosi about "drilling today will not help oil prices" in her face.
Click to expand...

Gotta love that, I know I do. :) Now if Boxer and Feinstein can open there mouth and talk the trash like they always do, it would make my day.
 
#895
#895
joevol320 said:
hey droski, i read in June, that Americans drove and estimated 20 or 40 billions miles less since 1st of the year. i forget the exact number but it was staggering.
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Al Gore has us right where he wants us! Seriously I'm not joking. He has stated previously he thinks gas prices should be right where they are now, that was a few years ago when he said this.
 
#900
#900
Good, that makes me think you it has peaked. I hope there are ton of people that participate in this that ar thinking the same as you.
 
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