Jim Rogers: Oil will hit $100

I agree with Jayford here, I dont see oil going past $80.00 in the 365 days unless of course, a nuke exploded around the texas refining area.

in general, I think too much speculation that oil will go up forever. much like what happeend to gold when it was 715, $1000 they said...

I see oil to fall further closer to $65 by year's end.
 
I see crude oil in the 30 to 50 range over the next 2 to 5 years

and

You wont see mid 70s in the next 10 years or so

I hope I have made myself clear enough!!!
 
Quote from WinDiff:

I see crude oil in the 30 to 50 range over the next 2 to 5 years

and

You wont see mid 70s in the next 10 years or so

I hope I have made myself clear enough!!!
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yes. oil will not be above 80 and will likely be in 50's by 2009.

with this said--can anyone point me to companies involved in ethanol? thanks!

regards.
 
2009??? I think oil will be 50s next year

surf, what happened to your surf report? throw us a bone :) update that thread once in a while.
 
Quote from polpolik:

2009??? I think oil will be 50s next year

surf, what happened to your surf report? throw us a bone :) update that thread once in a while.
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that is possible. i am being conservative. i have placed personal trading on hold for awhile. totally flat except for oil shorts.

trading traders and looking for edge now.

surf
 
Quote from just21:

That is Saudi propaganda. They think they are still a swing producer when their large fields are in decline and the replacement field, Khurais, was abandoned after pumping 144,000 barrels a day and is going to be brought back producing 1.2mbd by injecting salt water.
http://www.theoildrum.com/story/2006/8/25/22530/0433#more
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thats inconsequential... peak oil horizon now round 2030 by today's estimates... whats plateauing here?
 
Quote from marketsurfer:

that is possible. i am being conservative. i have placed personal trading on hold for awhile. totally flat except for oil shorts.

trading traders and looking for edge now.

surf
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You want an edge? Here's one for you - short the subprime mortgage lenders. housing is collapsing and they will be next.

Thank me later...
 
Heh, nobody asked me what I meant by long term. Certainly not 2009, which is only 3 years away.

No, I didn't make the prediction by flipping a coin. I studied the issue and applied common sense. The history of oil will be a rather short 200 years blip in the history of mankind.

Now, none of us trades here oil for long term (5+ years), so arguing about fluctuations in the next few months or years really doesn't interest me. Peak oil is right around the corner, if we get a few extra years because of decreased demand, the better.

The fact is that oil is still dirt cheap. Hell, even bottled water costs more...
 
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