Oil rises to new six-month high.....Do I hear $75, $100, $150, $300

many analyst are saying oil will be over 150 in 2 years time and it makes a lot of sense. Long term wise, IMO oil will make u rich if you have the capital and 2-3 year time frame.

just the sheer demand from china and india makes up for more than the loss of demand in the US.

world oil supply is finite but the overall world demand has doubled even with exclusion of US demand.

No matter how you slice it, oil is worth more in a few years time than it is today.

.
 
Quote from SCI new york:

This upward move in oil is another bunch of bullshit just like when it ran to $150, it has 90% to do with traders and speculators and almost nothing to do with supply/demand etc.
They're forcing the prices of oil higher to profit and then its going to dump again.
More...

Plus government needs oil price going higher, so it can tax hell out of gasoline, at the same time, foreign oil exporting governments can buy more US debts from oil revenues. It is the best schemes to finance government spending.
 
Quote from Kassz007:

Yep you are correct. Strong correlation.

BP CEO sees possible $200/barrel in ~5 years.
http://www.smartmoney.com/breaking-news/on/?story=ON-20090605-000595-0650&afl=yahoo

Not many of us are thinking that far ahead, but it is interesting to keep in mind.
More...

you quote this person as if he were some sage, or wise person

you realize that becoming senior in management within a company, and then treacherously maneuvering to CEO has nothing to do with merrit, competence, inteligence or insight....

so why quote this person, as if somehow his completely biased views had some weight on the matter or otherwise...

;;;;;

just keep pushing, and opps, there they all go....

back over the cliff notes.....

right where they want us all to be,
 
Quote from midniteeuropa:


just the sheer demand from china and india makes up for more than the loss of demand in the US.

world oil supply is finite but the overall world demand has doubled even with exclusion of US demand.

.
More...


the illusion is that conclusion...
their combined demand does not and will not and has not equalled the demand in the US,

no government, including the vaunted US, will release sufficiently accurate details on true usage, supply, demand, hording, supplies on reserve and such for national security reasons.

China as secretive as it is communist,
America as secretive as it is a republic,
India as modern, ancient and backwards as it is a caste society,
and the combined other contries of the world enjoying petroleum products too,

on Elitetrader, there remains a thread with a presentation regarding huge oil finds in Alaska that top Saudia Arabian reserves in total....

on other web threads, reports of how Russia did all that it could to stake claims to parts of the Artic and their potential oil reserves...

known reserves are finite...
public reserves are finite...
private reserves are almost near infinite...
to be released reserves are almost near infinite too...

again, contrived stories crafted to support and manipulate oil and petroleum products to the highest possible panic price structure that ignorance will allow.....

.....


hey, keep pushing, and there she and all her sisters go,

right back over the cliff of irrecoverable collapse....

then what?,


hmmmm
 
We recieved the GS target for Oil. There is little doubt that oil will continue to rise....but to what levels, I and the Industry I work in , OIL, have really no set target.

Currently, our most recent project is a break even of 25 with oil at 40. Do the math with the current price and it lowers our break even.

Our team believes we may see 80 in the short term, with a pullback...and then a push towards 100.

nevertheless.... the project we are doing in the Bakkan Shale is moving along with more money flowing in from Private Investors than any one could imagine. Slawson Exploration and our partner
George Kaiser of Kaiser Francis took the risk when oil was at 35 and land leases where well below their peak. It's going to pay off in a very kind mannor.

Oil is not and will never go away as a "key resource". Obama will only drive up the price of oil, all "Alternitive Energy Programs" will drive up the price of oil as it will take a decade if not more for any small % of a benefit to been seen from ALternitive Energy.
Just ask Boon Pickens who is back in Exploritory Drilling and Development of Fields for resource plays. His wind farm is still sitting in Texas,.....just sitting.

We have a estimate, in our Prospectus, that states, 100 dollars for oil is a easy average over the next 30 years. 100 not adjusted for inflation. We play it conservitive in our numbers...but 200 plus in 5 years.....is reasonable as well.
 
limitdown,

Truer thread was never spoken. It's all lies out of governments, our own and everyone else's.

I suppose the answer here depends on one's time frame. I have no idea what the short term behavior of crude price will do, but long term, it's surely a buy.

What a wonderful trade oil has been for the last 5 years, in both directions.:cool:
 
Quote from EMRGLOBAL:

all "Alternitive Energy Programs" will drive up the price of oil as it will take a decade if not more for any small % of a benefit to been seen from ALternitive Energy.
More...


lies, and more lies,

just ask the predator whom the police shot dead, caught in the act,

any police force, in any country, with any particular crime,
all said the same thing to their prey: "there's nothing you can do to ...."

between Oct '08-May-'09 in the US, gasoline prices, crude, heating oil and jet fuel prices collapsed

demand collapsed,
shipments on delivery by freighter, tanker and ocean vessels piled up in ports....

news stories of bankers, traders and funds managers long crude were retasking tankers from all over the world to store, hoard and hold in reserve their shipments of crude offshore because the refineries and storage facilities onshore were over flowing....

nothing can be done, nor will alternative fuels lower prices...

prices will collapse, and more importantly, demand shift away from US based markets...

lithium battery and alternative battery technology as well as replacement fuel sources are also clipping at the heels of petroleum based products whilest solar, green (demand reduction) technology are retasking thousands of buildings away from their heavy petroleum usage requirements....

this continues to be a multi prong approach, all being done at the same time...

so, keep telling those lies that: "there's nothing that can be done to turn around demand"....
 
Quote from limitdown:

you quote this person as if he were some sage, or wise person

you realize that becoming senior in management within a company, and then treacherously maneuvering to CEO has nothing to do with merrit, competence, inteligence or insight....

so why quote this person, as if somehow his completely biased views had some weight on the matter or otherwise...

;;;;;

just keep pushing, and opps, there they all go....

back over the cliff notes.....

right where they want us all to be,
More...

I'm sure the CEO of a top oil company knows a thing or two about oil prices and is able to make an educated guess on where price might go in the future. He's certainly more credible than you, or most other traders for that matter.
 
Quote from Kassz007:

I'm sure the CEO of a top oil company knows a thing or two about oil prices and is able to make an educated guess on where price might go in the future. He's certainly more credible than you, or most other traders for that matter.
More...


certainly better than either of us, however, the focus is on that "assurance"

the carefully crafted words of these people are designed to produce higher petroleum prices no matter what,

the detremental continuous affects upon the economy based on these so called informed persons starting this fire all over again,

do damage far worse than their objective to make their companies profitable.

in a word, their words are completely suspect and have a deleterious affect upon all that either salivate over them, expect them to prove true or otherwise effect current pricing...

not to speak about what it does to the economy particularly at these transition points where just about every federal, local and regional agency, company and household are trying to recover....

so, yeah, maybe they mean something, whether to you, other traders or otherwise, their usage, not their content or validity, are what are harmful and have a magnified effect in a negative way....

so, who is at fault, those who repeat the cry: "fire in a crowded movie theatre", or those who report the news, live, from another movie theatre?
 
Quote from Kassz007:

I'm sure the CEO of a top oil company knows a thing or two about oil prices and is able to make an educated guess on where price might go in the future. He's certainly more credible than you, or most other traders for that matter.
More...

No, they know nothing about how financial system works, they just like everyone else are working bees. Only Goldman Sachs knew where the oil price is heading.

Take look at SemGroup, Santanna Energy, Canadian Superior Energy, the list can go on forever. :D
 
You must log in or register to reply here.
Back
Top