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Crude oil $25 or less
- Thread starter talknet
- Start date
Why isnt this thread in Chit Chat? There's no substance here.
Quote from talknet:
Oil should have definately surged $10 yesterday when OPEC announced their biggest-ever cut of 2.2 million barrels per day. But Oil did not surge, it started falling, Why?
I think there is some "major hidden problem" within the world economy.
Something "BIG CRASH" is going to happen.
Now Crude Oil has fallen to $39 per barrel.Quote from talknet:
Russia has stopped exporting Oil.
Russia's unexplored/undiscovered Oil reserves are bigger than Saudi arabia. These Oil Reserves can feed worldwide demand for next 40 years.
Where are the oil bulls???
Where are the oil bulls predicting peak oil and the others who said we had to drill drill drill drill drill......
OIL will not see $100 for a very long time, I really think it will take at least 5-10 years to get back to $100 and $200 probably never. I would go long oil when its trading under $20 a barrel, by then will see $1.00-$1.25 at the pump.
Where are the oil bulls predicting peak oil and the others who said we had to drill drill drill drill drill......
OIL will not see $100 for a very long time, I really think it will take at least 5-10 years to get back to $100 and $200 probably never. I would go long oil when its trading under $20 a barrel, by then will see $1.00-$1.25 at the pump.
oil can easily double once the economy starts picking up and the dolalr falls more
tradersboredom
Guest
Hedge fund 'speculators' of oil,gold, and all commodities don't have any money to speculate.
all that money was leveraged money to speculate on commodities now that money has to be returned or called.
all that money was leveraged money to speculate on commodities now that money has to be returned or called.
Quote from S2007S:
Where are the oil bulls???
Where are the oil bulls predicting peak oil and the others who said we had to drill drill drill drill drill......
OIL will not see $100 for a very long time, I really think it will take at least 5-10 years to get back to $100 and $200 probably never. I would go long oil when its trading under $20 a barrel, by then will see $1.00-$1.25 at the pump.
Quote from tradersboredom:
Hedge fund 'speculators' of oil,gold, and all commodities don't have any money to speculate.
all that money was leveraged money to speculate on commodities now that money has to be returned or called.
Agree, it was all built around speculation, the kind of leverage they were using just a few months ago is now unheard of today.