When Will Crude Hit $40/barrel again?

[PohPoh]

When, if ever, do you think crude will hit $40/barrel again?

 

[Allen3]

You can't say never. People and markets are stupid. Eventually the price will break. Just like it did before and before that and before that. At some point the sellers price it to high and break their buyers.

 

[grendel]

Is this a trick question?

 

[gnome]

I doubt we'll see $40/bbl ever again. Only possibility is a world-wide recession where demand drops off dramatically. With China and India in the picture, can't see that happening.

 

[shortie]

who those 40% who did not vote Never? no need to hide

 

[Gyrene Dertra]

Within three years?...

 

[techtrader03]

you are a loser if you had to ask this question, so get real and look ahead not backward!!!

 

[Bowgett]

Quote from grendel:

Is this a trick question?

Yes this is a trick question. Oil can hit $40 if US goes into hyper inflation and redenominates $s like $1000 = $1.

http://en.wikipedia.org/wiki/Redenomination#Redenomination

 

[PohPoh]

Quote from techtrader03:

you are a loser if you had to ask this question, so get real and look ahead not backward!!!

You're right...
The only reason I'm posing this question is because I'm trying to will the market back down to 40..
I shorted all the way up...on every 5 dollar rally...

I want to see how many 'Get Real's' I get before I realize that you are all wrong...

 

[WallStWhizKid]

I think after it hits $160 a barrel OPEC will do a 4 for 1 split sending prices back to $40.

The more realistic question is when will OIL hit $200 a barrel. T-Boone estimates $150 a barrel within 2 years.