Crude Oil on the Run Again. $100 in Sight!

countryBoy641 said:
This is the effect that the MSM has on people's Point of View.
If Oil is so horrible try living without it for a few months (or even a few days).
In spite of the Elec. Vehicle craze, people couldn't do it.
Imagine shivering in a cold damp house or apartment 40 degrees all day.
You'd either want to guzzle vokda or just jump out the window.
Point is, people talk big about environmental concerns, etc
but really will pay anything to get oil.
Anything.

Just wait and see.


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ok. I don't disagree i was just trolling.
 
MKTrader said:
""It is our true policy to steer clear of permanent alliance with any portion of the foreign world" - George Washington in his Farewell Address

Stay out of their business and ignore the UN/NATO. We've been funding a big portion of both for decades and they cause a lot more harm than good, especially the UN.
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While that *sounds* good in theory, in reality the isolationist approach is what led to stuff like Pearl Harbor. In fact, the US Pres at the time was supposedly aware of the impending attack and it is thought may have let it happen to allow the US to enter the war.

In reality, people are really fucking shitty and in theory the UN is an official forum to try and work shit out.

In reality of course, the UN is a bunch of corrupt fucks but if it avoids even one major war, it probably did its thing.
 
countryBoy641 said:
This is the effect that the MSM has on people's Point of View.
If Oil is so horrible try living without it for a few months (or even a few days).
In spite of the Elec. Vehicle craze, people couldn't do it.
Imagine shivering in a cold damp house or apartment 40 degrees all day.
You'd either want to guzzle vokda or just jump out the window.
Point is, people talk big about environmental concerns, etc
but really will pay anything to get oil.
Anything.

Just wait and see.


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Power plants that generate electricity use oil to generate that power. That is lost on those thinking that shifting to electric cars will be easy and stop pollution altogether. Not happening. Cost of green energy is much, much higher too and most do not generate enough power to be cost effective.
 
Shanghai exchange just opened after many days of closure.

Look at how eager Shanghai crude oil futures and
Nymex crude oil futures are going up.

In fact, shanghai crude oil futures has just broken its record high.
the record high is now 571.5
 
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Nine_Ender said:
Sure, same thing happened on the way up to $50, $60, $70. $80, $93. And a lot of traders lost money shorting it. $89 is still a really nice level. Hell, $70 is a really nice level.
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Sure a lot of traders lost money - happens allllll the time. I prefer to go short when it is going lower and I get a trigger, not higher.
 
right. Nymex crude oil ran up and hit $100.5 during the 24 Feb European session.

Then it ran down from $100 to $91.50

(ie a massive 8.5% drop) in just a few hours.


There are some people who only buy when the price is very high / breaks record high.
They probably buy it when the oil price is > $100.
They might be weeping and gnashing their teeth.
 
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