zuke519
Rookie Author
Georgia
Posts:41
Points:9,145
Joined:Apr 2008
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Message Posted:
5/12/2008 11:54:58 AM
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Nope - $150 is definitely just around the corner.
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POLELANE
All-Star Author
Ohio
Posts:572
Points:51,225
Joined:Mar 2008
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Message Posted:
5/12/2008 10:16:39 AM
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wish i knew
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EasyMPG
Champion Author
Ontario
Posts:8,603
Points:1,080,530
Joined:Jun 2004
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Message Posted:
5/12/2008 9:25:06 AM
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Well the inflationary backlash against the US greenback is not done yet. The greenback's supply has increased 1500% since the 1970's, so there is still plenty of room for the greenback to continue to fall in value.
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Gas_Buzzer
Champion Author
South Carolina
Posts:5,414
Points:921,415
Joined:Sep 2005
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Message Posted:
5/12/2008 9:12:23 AM
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Most likely.
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uksqueeze
All-Star Author
San Jose
Posts:529
Points:652,425
Joined:May 2004
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Message Posted:
5/12/2008 9:01:26 AM
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Is $100 far behind?
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jvt666
All-Star Author
California
Posts:719
Points:274,635
Joined:Apr 2006
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Message Posted:
5/12/2008 8:52:46 AM
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It's always some reason...
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AlaRedNeck
Sophomore Author
Kansas
Posts:190
Points:24,735
Joined:Apr 2008
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Message Posted:
5/12/2008 8:46:10 AM
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$150 or MORE by mid summer...
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nyacoub1
Sophomore Author
Chicago
Posts:189
Points:24,580
Joined:May 2007
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Message Posted:
5/12/2008 8:43:47 AM
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$150 by middle of summer.
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bowler48226
Veteran Author
Detroit
Posts:437
Points:175,600
Joined:Sep 2007
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Message Posted:
5/12/2008 8:43:36 AM
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Old news.
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ramshot412
Champion Author
Riverside
Posts:10,541
Points:1,059,680
Joined:Apr 2004
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Message Posted:
5/12/2008 8:42:23 AM
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Up, up, and away.
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TBoneSoCA
Sophomore Author
Orange County
Posts:150
Points:41,475
Joined:May 2007
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Message Posted:
5/12/2008 8:42:20 AM
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.. and this is the same oil that sold for less than $70 a barrel a year ago
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luv2sleep
All-Star Author
Riverside
Posts:869
Points:58,440
Joined:Mar 2008
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Message Posted:
5/12/2008 8:37:44 AM
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BOHICA - Bend Over Here It Comes Again - Another price hike.
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Scion08Xb
Rookie Author
Arkansas
Posts:39
Points:9,580
Joined:May 2008
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Message Posted:
5/12/2008 8:33:53 AM
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it needs to go down by $70.00 a barrel
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socalusra
Veteran Author
California
Posts:324
Points:1,525,585
Joined:Aug 2003
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Message Posted:
5/12/2008 8:33:31 AM
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wait till DEC
[Edited by: socalusra at 5/12/2008 11:33:43 AM EST]
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rogerparry
Veteran Author
Florida
Posts:412
Points:107,030
Joined:Jan 2008
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Message Posted:
5/12/2008 8:32:46 AM
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The media will find more "bad news" stories to print so the prices keep climbing.
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easybuddy
Rookie Author
Illinois
Posts:44
Points:113,035
Joined:May 2006
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Message Posted:
5/12/2008 8:28:02 AM
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i thought bigger is better
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Panama Red
Champion Author
San Diego
Posts:1,543
Points:762,565
Joined:Jun 2004
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Message Posted:
5/12/2008 8:26:46 AM
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No
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93probeguy
All-Star Author
Little Rock
Posts:628
Points:145,235
Joined:Jan 2006
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Message Posted:
5/12/2008 8:25:26 AM
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i'm hoping to hear something good from them today, as for every day
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NavyEOD
Champion Author
Los Angeles
Posts:1,034
Points:247,605
Joined:Jul 2007
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Message Posted:
5/12/2008 8:24:57 AM
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I hope not. Not holding my breath though.
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iluna
Sophomore Author
Colorado Springs
Posts:100
Points:37,190
Joined:Jun 2007
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Message Posted:
5/12/2008 8:23:58 AM
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These greedy SOB's (speculators, politicians, etc.) are killing their golden goose. Pretty soon everything will come to a standstill and then what will they do to get more money??
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Zinnoil
Champion Author
Illinois
Posts:10,735
Points:1,329,770
Joined:May 2004
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Message Posted:
5/12/2008 8:22:50 AM
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Goldman Sachs said $150-200.
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weenerdog
All-Star Author
Detroit
Posts:576
Points:117,660
Joined:Jan 2008
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Message Posted:
5/12/2008 8:22:31 AM
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I read this same article in the detroit news Sunday paper
They are just preparing us for the $200 a barrel
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FuelGrinch
Sophomore Author
Kansas
Posts:108
Points:44,890
Joined:Aug 2005
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Message Posted:
5/12/2008 8:20:07 AM
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I say $200 before the summer is over.
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srtdc
Rookie Author
Lincoln
Posts:67
Points:13,545
Joined:Apr 2008
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Message Posted:
5/12/2008 8:17:49 AM
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Within a week
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44Irish
Veteran Author
Ontario
Posts:331
Points:114,850
Joined:Mar 2007
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Message Posted:
5/12/2008 8:17:22 AM
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Really old news.
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CyanSquirrel
Veteran Author
Virginia
Posts:262
Points:49,455
Joined:Jun 2004
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Message Posted:
5/12/2008 8:16:32 AM
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Old news :-( Where's some fresh?
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kruk
Veteran Author
London
Posts:284
Points:129,195
Joined:Jan 2007
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Message Posted:
5/12/2008 8:15:37 AM
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and seems that Big3 are ignoring and produce trucks and cars with big and inefficient engines.
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joelimite
Rookie Author
Virginia
Posts:94
Points:30,605
Joined:Jan 2008
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Message Posted:
5/12/2008 8:15:28 AM
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You said it TEXJOHN.
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TEXJOHN
Sophomore Author
Dallas
Posts:186
Points:21,915
Joined:Mar 2008
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Message Posted:
5/12/2008 8:12:01 AM
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No. $150 not too far behind. $150 is ten times closer than $100 so it seems.
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bbthegun
Veteran Author
San Diego
Posts:297
Points:298,635
Joined:Sep 2006
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Message Posted:
5/12/2008 8:10:04 AM
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Well, the speculators who invested in oil as a hedge against the dollar and doing all they can to drive the price higher for their clients to make sure they don't lose their investment. The demand and global conditions simply do not support this high price and it will fall and hopefully soon...
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deerchaser
Rookie Author
Lincoln
Posts:11
Points:438,545
Joined:Sep 2005
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Message Posted:
5/12/2008 8:07:44 AM
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Just wish I owned a couple of oil wells.
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bug27
Champion Author
Kentucky
Posts:1,047
Points:991,550
Joined:Apr 2005
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Message Posted:
5/12/2008 8:06:01 AM
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The quicker oil rises to $150 or higher, the quicker we will develop alternatives to make oil obsolete. Sweet!
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EarlyMoose
Champion Author
Seattle
Posts:1,085
Points:541,025
Joined:Dec 2005
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Message Posted:
5/12/2008 8:03:39 AM
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It depends on the speculators.
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Gerund1
Veteran Author
Toronto
Posts:417
Points:737,615
Joined:Apr 2003
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Message Posted:
5/12/2008 8:01:49 AM
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Just keep on predicting and it will come.
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ts08
Rookie Author
New Jersey
Posts:81
Points:17,900
Joined:Apr 2008
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Message Posted:
5/12/2008 8:01:28 AM
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Why ask us the readers, if it will reach $150...the companies, media and speculators already know it will...so stop the madness...start writing about how to save on gas and other stories..stop torturing people...
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ned23
Champion Author
Columbus
Posts:2,703
Points:245,755
Joined:Dec 2003
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Message Posted:
5/12/2008 7:47:49 AM
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Unless they do something about the dollar, yes. If we can get 25 cents back on the dollar against the Euro, gas could drop by 50-60 cents /gal.
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vascojoe
Sophomore Author
Washington
Posts:243
Points:749,150
Joined:Aug 2005
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Message Posted:
5/12/2008 7:47:19 AM
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Law of supply and demand.
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Jennijen
Champion Author
Dayton
Posts:4,480
Points:855,570
Joined:Jun 2004
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Message Posted:
5/12/2008 7:46:59 AM
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Enough of this guessing if oil will go up even higher... it might as well read:
"$120 a barrel- is $1000 far behind?"
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CTDPower
Veteran Author
Virginia Beach
Posts:429
Points:166,285
Joined:May 2007
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Message Posted:
5/12/2008 7:46:47 AM
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Answer: soon
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LukeIN
All-Star Author
Indianapolis
Posts:844
Points:155,410
Joined:Nov 2007
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Message Posted:
5/12/2008 7:44:47 AM
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until something is done about the stock market speculators prices will continue to go up!
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NissanGirl
Rookie Author
Oregon
Posts:90
Points:55,400
Joined:Jan 2008
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Message Posted:
5/12/2008 7:44:15 AM
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Uncle! No more!
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rustyOR
Rookie Author
Oregon
Posts:39
Points:19,780
Joined:Apr 2008
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Message Posted:
5/12/2008 7:42:51 AM
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Greed is good.
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okietree
Veteran Author
Oklahoma City
Posts:315
Points:131,065
Joined:Oct 2005
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Message Posted:
5/12/2008 7:41:21 AM
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I"m sure the oil barrel prices will continue to go up. As long as the companies can get away with it and the demand is there..... keep on raising it. Somehow we have to lower the demand.
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spbob
Sophomore Author
Tampa
Posts:194
Points:43,370
Joined:Feb 2008
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Message Posted:
5/12/2008 7:39:53 AM
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It will go as high as the speculator's GREED will take it.
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SummitSkiBum
Rookie Author
Denver
Posts:16
Points:82,920
Joined:Sep 2006
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Message Posted:
5/12/2008 7:39:39 AM
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$150 is only a few months away, followed by $200 by the end of the year!!
MARK MY WORDS PEOPLE!!!
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esquared
All-Star Author
Oklahoma City
Posts:698
Points:490,105
Joined:Jan 2006
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Message Posted:
5/12/2008 7:39:19 AM
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Well, glazarides, it's the first time in US history that both the president and veep are oil men. Go figure.
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stevewwvu
Champion Author
West Virginia
Posts:1,196
Points:206,465
Joined:Mar 2007
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Message Posted:
5/12/2008 7:36:53 AM
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the lies will get u sthere
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glazarides
Rookie Author
Akron
Posts:91
Points:273,465
Joined:Jul 2006
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Message Posted:
5/12/2008 7:33:24 AM
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I think it will, I think G.W. is giving us the stimulus checks to pay for that, it's the only way G.W. could find to siphon money from the government to the oil companies.
Or am I just being paranoid.
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Somis1
Champion Author
Ventura
Posts:3,915
Points:890,545
Joined:Jul 2005
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Message Posted:
5/12/2008 7:32:53 AM
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We don't get much oil from Chavez, but an excuse is an excuse.....
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kingdick
Champion Author
Minnesota
Posts:16,460
Points:1,341,895
Joined:Aug 2004
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Message Posted:
5/12/2008 7:32:43 AM
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-----------------------------------
There are areas on the north slope that are open for lease outside of ANWR that no one is drilling, use those areas.
-----------------------------------
Jeb Bush's request to the Fed's extended the block on drilling on the offshore shelf around Florida, too close to home.
More power than the environmentalist have.
-----------------------------------
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