Oil rises to new six-month high.....Do I hear $75, $100, $150, $300
- Thread starter S2007S
- Start date
Oil 83.89 +1.07 +1.29%
HAHAHA
this is getting to be a really good short very soon, oil will drop down quickly to the low to mid 70's, its almost time to positions on.
I would be long SCO in the next few days, I see at least a 10% return on this.
My price target over the next 4 weeks:
$13.50-$14.25.
Currently trading at $12.15.
HAHAHA
this is getting to be a really good short very soon, oil will drop down quickly to the low to mid 70's, its almost time to positions on.
I would be long SCO in the next few days, I see at least a 10% return on this.
My price target over the next 4 weeks:
$13.50-$14.25.
Currently trading at $12.15.
not so sure about $50. Chindia is increasingly vacuuming up supply. Supposedly, I saw that China's usage was climbing at 8% annually through the 2000s...
OIL
91.43 +0.95 +1.05%
And oil continues to rise, highest its been in over 2 years.
Now take out all the stimulus, the QE's, the bailouts and free trillions and all the manipulation in the oil markets and were talking oil trading no where above $50 a barrel. Thanks to Bubble ben bernanke and friends oil is now trading at fresh 2 year highs and ready to go even higher, $100 oil as the SPX trades near 1300 is certain in the next 1-2 months.
91.43 +0.95 +1.05%
And oil continues to rise, highest its been in over 2 years.
Now take out all the stimulus, the QE's, the bailouts and free trillions and all the manipulation in the oil markets and were talking oil trading no where above $50 a barrel. Thanks to Bubble ben bernanke and friends oil is now trading at fresh 2 year highs and ready to go even higher, $100 oil as the SPX trades near 1300 is certain in the next 1-2 months.
On CNBS this morning (yeah, I sometimes watch... but I'm not going to admit to "liking it") the CEO for Gulf Oil was on... saying "$100/bbl for sure in the Spring... and 25% chance of $150/bbl by Summer". He also said, "the equivalent price of natgas is $28/bbl".
With all the stimulus and subsidizing America is doing, why are we not "stimulating and subsidizing natural gas as a transportation fuel"? America has 100% of what it needs domestically... for 100 YEARS INTO THE FUTURE! Why are we still sending $60 BILLION/month to OPEC???
