$100 A Barrel Oil is on the Way

[KB5252]

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.

allvol has turned into an oil pirate!

 

[allvol123]

allvol has turned into an oil pirate!

Arrghhhh!!!!! irate:

 

[m37bruno]

I think Bush is planning to invade Iran.

But that is to pay back China. We owe them so much damn money its ridiculous. Thats why all the new jobs right now in China they are booming right now.

 

[myrobbins7]

I don't know if it's "peaked" because the crazy in the Middle East can make it shoot up to $200 if they start firing rockets at each other. I will say Oil is way over priced right now. I sold out at around $100 - $110.

 

[volsforever27]

If we start drilling today it will drop some, just for the psychological effect if nothing else.

 

[myrobbins7]

If we start drilling today it will drop some, just for the psychological effect if nothing else.

Tell that to Pelosi and FV. I do agree.

 

[volsforever27]

Do you realize how much oil we're sitting on? It's pathetic.

 

[KB5252]

If we start drilling today it will drop some, just for the psychological effect if nothing else.

Hell if we just announced a large scale plan to drill it would have some effect.

 

[volsforever27]

Hell if we just announced a large scale plan to drill it would have some effect.

Well, if the D's weren't so afraid of the greenies, maybe something will happen. I think something happens by November, the D's are crazy but they want their power too, and they don't want to be viewed as the ones keeping prices high. Well, now I'm looking at it from a logical standpoint, my mistake.

 

[allvol123]

Tell that to Pelosi and FV. I do agree.

you got a fancy up to the second commodity pricing computer like droski?

 

[KB5252]

Do you realize how much oil we're sitting on? It's pathetic.

I recently heard we have an oil field that rivals that of the Sauds, only problem it is a deeper field and with our current technology it would be very hard if not impossible. I find that hard to believe that with all of our resources we could not engineer a way to get it on the market. May take some time but until we start to innovate new ways we never know.

 

[volsforever27]

I recently heard we have an oil field that rivals that of the Sauds, only problem it is a deeper field and with our current technology it would be very hard if not impossible. I find that hard to believe that with all of our resources we could not engineer a way to get it on the market. May take some time but until we start to innovate new ways we never know.

Aren't we sittting on more oil than the enitre middle east has right now? I know I heard that on tv. I need a link.

 

[KB5252]

Aren't we sittting on more oil than the enitre middle east has right now? I know I heard that on tv. I need a link.

that may be right but it is very hard to tell and I have heard more than one estimate given and they range wildly.

 

[myrobbins7]

you got a fancy up to the second commodity pricing computer like droski?

Well im tied into Morgan Keegan so yes, but Droski is playing with the big boys.

 

[WA_Vol]

Part of the increase in the price of oil is tied to oil being traded in dollars. The dollar is losing value quickly.
When oil is eventually traded in Euro's, the price of oil will be steadier but the dollar will fall off the map.

 

[allvol123]

Well im tied into Morgan Keegan so yes, but Droski is playing with the big boys.

FV is tied into Fisher Price.

 

[myrobbins7]

Part of the increase in the price of oil is tied to oil being traded in dollars. The dollar is losing value quickly.
When oil is eventually traded in Euro's, the price of oil will be steadier but the dollar will fall off the map.

Good point, something has to give with the dollar.

 

[myrobbins7]

FV is tied into Fisher Price.

LMAO!!@#$%^&*ADSJJDHFG :rofl::rofl::rofl:

 

[volsforever27]

FV listens to Miley Cyrus while he works. I think she's on his destop background as well.

 

[myrobbins7]

Poor FV..

 

[volsforever27]

Poor FV..

Hey, it's a step up from Elmo, give him credit.

 

[myrobbins7]

Hey, it's a step up from Elmo, give him credit.

:birgits_giggle:

 

[BigPapaVol]

But that is to pay back China. We owe them so much damn money its ridiculous. Thats why all the new jobs right now in China they are booming right now.

do what? how do we owe China any money?

 

[WA_Vol]

do what? how do we owe China any money?

When they decide to stop buying U.S. Treasuries and hold Euro's instead, a devaluation of the U.S. dollar will follow. At a time when the dollar is at an all time low.

 

[droski]

as long as they sell the US goods they will continue to buy treasuries unless they want to kill their exchange rate.

oil down $4.50 today!