$100 oil only months away

[kashirin]

US must cut its consumption dramatically.
Not energy but overall
All this consumer economy benefits only China, India, Russia etc.

Russian begged for 5 bln in 1998 from IMF
now they have reserve around half of trillion

If they want they can destroy US economy within a week even without Chinise by just stopping oil export and selling all dollars
And with China help US economy will stop existing tomorrow if Russians and Chinese want

 

[Businessman]

We need $100+ oil to destroy demand in poorer developing countries so we can continue to enjoy whats left of the supply.

$200 dollar oil is even better.

 

[kashirin]

Quote from Businessman:

We need $100+ oil to destroy demand in poorer developing countries so we can continue to enjoy whats left of the supply.

$200 dollar oil is even better.

That's true
but only in case US$ is strong
for now everybody pays the same price as 3 years ago except US because of the super weak US$
in this case US demand be destroyed as soon as oil countries will refuse to accept US$ and developing countires will enjoy lower prices not US

 

[stock_trad3r]

USGA is United States Global Nanospace

 

[myminitrading]

Quote from Spectre2007:

the political fallout will be tremedous, and you can bet the GOP candidate wont win the election. It would nail the coffin.

I wouldn't be surprised if oil is sold hard as we approach the election back below 60 dollars.

Its a rigged system, then the GOP candidates can point to the declining oil prices. The whole power structure is interconnected with the financial markets.

Just like in the fall of last year, oil and gasoline plunged leading up to Nov, and the Dow was making new highs.

But the Republicans still lost, gives me hope that America people are alot smarter than most think they are.

I seem to remember some news outlet running a poll asking " do you the the drop in oil was engineered for the elections" the respondents agreed it was a ploy.

 

[myminitrading]

Quote from BeTheSparrow:

TheKin2 hit the nail on the head.

As a Geophysicist exploring for oil in Qatar (20 yrs in the business) I can tell you that oil/gas are great values at current prices. Every American should own at least 100 shares of XOM or CVX or SLB. The best hedge against $5.00 gasoline. They're paying $8/gallon in Europe... Crude is a bargain at $150/bbl. I'm so sick of Americans whining about energy prices. The Chinese and Indians are eating our lunch. Wake up and get to work America!

Wake up and get to work america is right, thats the way it use to be. Now we are so in debt to foreign nations it discuses me, friggin fake war has us leveraged to our eye balls, but hey the Caryle group is doing well for the Bush family.

 

[brokerboy]

I don’t understand the whole thing but we have oil at 75 and the last time that happened gas was .50 cents higher were I lived. So I question if it’s really demand, tax breaks, or oil price manipulation.

 

[harry11]

not 100 for sure. maybe 78-80 ish..

 

[maxdax]

and 300 oil to wipe out China's 1 trillion buck cash surplus or else we will all end up working in factories manufacturing rubber dogshit and cheap knockoffs of designer Chinese goods...

I like rice....but not that much

 

[local_crusher]

Goldman & Sachs has a tremendous history in giving "recommendations" that are only in their own interests.
(Pushing their own positions)

In the past, I made good money betting right against it whenever they gave a "big call".