Here we go again with $100 oil nonsense.....media hype all set to go

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S2007S

Here we are again talking $100 oil even though the world is oversupplied and bathing in it....just more media hype to send it higher..... I really hope it goes to $100 and $150 and breaks historical highs because it's going collapse just like it did last time... This time though let's hope everyone gets in on top and rides it straight down!!!!




Get ready for $100 a barrel oil and the conflict it represents



      • Published 45 Mins Ago Updated 22 Mins AgoCNBC.com
        102331301-oil-barrels.530x298.jpg

        Andrey Rudakov | Bloomberg | Getty Images



      • Barrels are filled with oil at a Royal Dutch Shell lubricants blending plant in Torzhok, Russia.
        It's time to prepare for $100 oil. A price of $150, taking out the 2008 high, may also be a real possibility if events in the Middle East continue to escalate, as we have witnessed in recent days.

        While I believe that oil, given the vast supplies available around the world, has an economic value of about $20 per barrel, it's becoming increasingly impossible to ignore a world that seems to want higher prices for crude.

        Through a production agreement, OPEC and Russia have successfully offset the glut of crude oil being pumped every single day in the United States. Rising demand for oil in a synchronized global economic recovery has also helped bring supply and demand in better balance over the last year-and-a-half.
https://www.cnbc.com/2018/05/11/get-ready-for-100-a-barrel-oil-and-the-conflict-it-represents.html
 
what's a fair price for a finite resource that most of the world depends on? oil is less than half the price of a gallon of milk ... too cheap
 
They are forcing it down partially through irresponsible fiscal management which makes them desperately push the oil at any price, and intentional mismanagement of reserves to cause an eventual global crisis. I'm not sure exactly what the game is but there is something about massive reserves of energy that the puppet masters don't like. I think if it were appropriately managed and priced it would be already be closer to $2500 per barrel. Steel too.
 
add silver, lol..

well I don't see it going anywhere near here.. my opinion then is sell calls, insane premium right now about year out
 
Philo Farnsworth perfected fusion 50 years ago, or more. He lived an hour from me. Powered his house with it. He never told anyone until he was near death and had disposed of everything because he knew he would get screwed out of it and didn't want to make thieves rich.
 
bookish said:
They are forcing it down partially through irresponsible fiscal management which makes them desperately push the oil at any price, and intentional mismanagement of reserves to cause an eventual global crisis. I'm not sure exactly what the game is but there is something about massive reserves of energy that the puppet masters don't like. I think if it were appropriately managed and priced it would be already be closer to $2500 per barrel. Steel too.
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I know I'm going to get flamed over this but its Baal. He wants to burn up all the oil. All the people that he has possessed all go for this, along with his other policies like gun control, encouraging abortion, disrupting families (also a communist party favorite), massive immigration from backwards cultures to formally sophisticated cultures to encourage sociopathy and degeneracy, Jewish genocide, Scandinavian genocide, genocide in NW China, the genocide in Haiti under the guise of hurricane relief, genocide in Samoa, and genocide in Niue. That and I'm pretty sure he is the reason McDonalds doesn't sell the McRib year around.
 
It will collapse because the high price of oil itself will create a global reccession just like every time and reduce demand, which then reduces the price, repeat, repeat, repeat.
 
U.S. shale is very profitable anywhere above $70. $80 means that U.S. production will soar. In a way, rising oil prices is the catalyst for oil to come down. Higher prices = more supply = bringing prices back down.
 
I wouldn't bet against the owners of Aramco keeping oil prices high for their IPO. They've already stated that the long-term health of their country depends upon divesting (aka let someone else hold the bag) their oil holdings. I bet they can off-load many hundreds of billions and still have majority control.
 
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