Crude Oil Up $4. 2/11/2022. Inflation!

[RedSun]

Oil at 90 and 100 is a damn joke. Economy won't be able to handle any further increases as inflation soars, oil may go to 110 120 130 hey maybe 200 but I'm telling you it's going to collapse extremely quick, there is no demand for oil, its a false notation that they make us believe there is demand.. do NOT believe the hype. Oil prices are going to be unsustainable in the months ahead. Let it get to 20 year highs above 130+ because the collapse from there will look just as beautiful as the last one.

Sounds pretty much funny. Doom?

 

[countryBoy641]

It wasn't that long ago (1995 - 2000?) everybody was talking about "Peak Oil".
The earth was going to run out of oil.
Now everybody wants to think the supply is unlimited.
Which is it?

I think more likely there is a lot more, but its not seeping out of the ground like in the old days.
It's in the Arctic Ocean.
And it's going to cost big $$$ to get it.
And everybody, with their 5000+ foot houses, big SUVs and trips to Vail and the Caribbean are going to have to pay.

 

[Nine_Ender]

Oil at 90 and 100 is a damn joke. Economy won't be able to handle any further increases as inflation soars, oil may go to 110 120 130 hey maybe 200 but I'm telling you it's going to collapse extremely quick, there is no demand for oil, its a false notation that they make us believe there is demand.. do NOT believe the hype. Oil prices are going to be unsustainable in the months ahead. Let it get to 20 year highs above 130+ because the collapse from there will look just as beautiful as the last one.

You've been wrong about Oil for a long time running now. While you sit there whining and calling it a "crowded trade" I made a ton of money before and since you posted that. Who the hell cares if it comes down some later. The companies I trade are fundamentally stronger now and getting even stronger every month Oil stays at high levels. They are going to be in good shape for years. They are going to be good at $60 Oil. Some are now good at $40 Oil.

 

[Overnight]

... but I'm telling you it's going to collapse extremely quick, there is no demand for oil, its a false notation that they make us believe there is demand.. do NOT believe the hype...

Methinks you need a refresher.

 

[MKTrader]

It wasn't that long ago (1995 - 2000?) everybody was talking about "Peak Oil".
The earth was going to run out of oil.
Now everybody wants to think the supply is unlimited.
Which is it?

We were closer to the truth a few years ago when oil was super cheap and oil tankers were cruising around the ocean because it wasn't worth selling. "Peak oil" had become a joke. Our policies are the problem.
You Voted For It, Blue America in [Market-Ticker]

As for 5,000+ sq ft houses + nice new SUVs + yearly trips to Vail/Caribbean...that's a VERY small part of our population. And some of them are nutty green energy supporters.

 

[countryBoy641]

Our policies are the problem.
You Voted For It, Blue America in [Market-Ticker]

I agree with the points in your linked article but ,,,
All "Our policies" are likely here to stay.
And those are not my policies.
I didn't vote for it.
Environmentalists may mean well, but I certainly do not see them as "sophisticated" in the same way as they see themselves.
George Carlin - Saving the Planet