Oil Is Going To $35 Per Barrel

Hook N. Sinker · Nov 4, 2006

I remember a Canadian citizen telling me that half the oil that the USA imports comes from Canada.

Hook N. Sinker · Nov 4, 2006

If the USA invades Iran then oil prices could go to $ 100 / barrel or higher.

and00007 · Nov 5, 2006

Quote from Hook N. Sinker:

I remember a Canadian citizen telling me that half the oil that the USA imports comes from Canada.

I think it is mistake main USA import from Arabian country (Saudi Arabia, Iran, Irak, UAE) Venesuala, Russia.

ByLoSellHi · Nov 6, 2006

The U.S. imports far more oil from Canada, Mexico and Venezuela than it does from the middle east.

AK100 · Nov 6, 2006

No surprises.

If anything goes up 90% of the articles suggest it's only going higher, and vice-versa.

Sometimes I even get the impression that many in the market and on TV forecast the long-term trend by what happened to prices that day.

What a joke!

Artie21 · Nov 6, 2006

Quote from eagle488:

I saw an interview with Steve Forbes last year on CNBC where he stated that oil will go to $35 eventually.

I think he is going to be right.

When Steve Forbes IQ hits 35, he should sell.

Sardo_Numspa · Nov 6, 2006

50-60 range for the next six months or so...

SteveD · Nov 6, 2006

The oil companies want it at $35......they definitely do not like the wild swings.....makes it too difficult to project budgets for future developments.....invest 300 million to develop oil field and not know what price is product at end of process????

If you ever listen to the interviews they all say the exact same thing about oil prices.....

SteveD