When Will Crude Hit $40/barrel again?

[lorax2013]

Crude will hit $40 about the time they come out with a "new dollar" worth 100 of the old.

 

[flyingiguana]

i highly doubt we'll see 40 again unless there's a major dropoff in demand from alternative fuels.

it just costs too much to rip oil out of the ground

 

[Allen3]

Quote from ByLoSellHi:

People thought cheap oil would never be seen again during the late 1970s, and yet there it was sitting at $10/barrel in 1998.
[/B]

Thank you another person that views the obvious. Will it hit $40 maybe/maybe not. To say never is just idiotic for a trader/investor/academic to claim. Go back further than this latest trend up.

 

[number22]

if you understand the whole debt market; and yield to it; unless yield goes up to twenty fold; price of oil will not come down.

 

[grendel]

lets vote on this again

 

[PohPoh]

Quote from grendel:

lets vote on this again

Good idea...

 

[Daal]

if major US banks are allowed to fail and the US goes into a depression then that might happen

 

[cszulc]

Once we're completely on alternative energy (wind, solar, nuclear), oil will be so cheap the Middle East will be begging us to buy it.

Obviously very far in the future.

 

[scalpmaster]

Where's cold fusion technology they 'invented' back in the 90s?

I heard some high school teacher chatting with another over coffee that he has a concept to turn shit into fuel.

 

[zdreg]

it will hit$40 many times in the future(after adjusting for inflation )