I think the speculators are whipped up into a frenzy right now. I see articles predicting $100.
How high is oil gonna go?
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Pay that on oil change at the Stealship now!!!
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I hope it goes to $ 200.
Originally Posted by oilpsi2high
I hope it goes to $ 200.
Why?
I hope it goes to $ 200.
Why?
Originally Posted by Linctex
Supply and demand - it might spike, but will come down when the wells are opened up more
Exactly, I'm starting to put money in a triple short etf. I want to add a nice chunk when I think its peaked.
Supply and demand - it might spike, but will come down when the wells are opened up more
Exactly, I'm starting to put money in a triple short etf. I want to add a nice chunk when I think its peaked.
I have some stocks in an oil well. The cost of higher priced fuel surpasses my profits from the well
Yes, media boredom. I suspect they must be getting bored of the latest issues, and maybe Musk needs some PR help,
Hmm, I thought you were testing out a new crack pipe. I have not seen the stock market in a few days, last week or so WTI was $70. and some change. We don't actually use Brent here in the States, we use WTI. Brent is used in Europe.
WTI Crude 10 mins
$75.55 +0.25 +0.33%
Brent Crude 10 mins
$85.03 +0.05 +0.06
Today would be a good day to check my portfolio, Chevron, Exxon/Mobil-e, ConocoPhillips, among a few others. The 3 mentioned above pay a solid 4%+ dividend and are a very good hedge against higher fuel prices toward the future.
Think of it like this, if oil goes down, your stock price goes down some, but your dividend will actually rise, and the fuel your putting in your tank will be cheaper. If oil goes up, and you know it will! When you are filling your tank with fuel and its costing you an arm and a leg, your stock price is going thru the roof! "Hedge" Trust me, it works, you just have to have enough capital to make it work for you.
P.S. Why is oil spiking at this time of the year? Is Iran getting uppity in the straight of "Vermouth" I have not been watching pol*t*cal news...got my own real life problems.
WTI Crude 10 mins
$75.55 +0.25 +0.33%
Brent Crude 10 mins
$85.03 +0.05 +0.06
Today would be a good day to check my portfolio, Chevron, Exxon/Mobil-e, ConocoPhillips, among a few others. The 3 mentioned above pay a solid 4%+ dividend and are a very good hedge against higher fuel prices toward the future.
Think of it like this, if oil goes down, your stock price goes down some, but your dividend will actually rise, and the fuel your putting in your tank will be cheaper. If oil goes up, and you know it will! When you are filling your tank with fuel and its costing you an arm and a leg, your stock price is going thru the roof! "Hedge" Trust me, it works, you just have to have enough capital to make it work for you.
P.S. Why is oil spiking at this time of the year? Is Iran getting uppity in the straight of "Vermouth" I have not been watching pol*t*cal news...got my own real life problems.
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Oil chart 5 yrs
Oil is still retracing the 2014 crash that took it from $105 to $45. It's halfway back. It's just a matter of time before the retrace to 95-100 is complete. It seems to be on the way now. But who knows?
My bet is for $90+ WTIC this winter. Note that heating oil rise has been much stronger and resilient. That might be forecasting the move in crude.
Oil is still retracing the 2014 crash that took it from $105 to $45. It's halfway back. It's just a matter of time before the retrace to 95-100 is complete. It seems to be on the way now. But who knows?
My bet is for $90+ WTIC this winter. Note that heating oil rise has been much stronger and resilient. That might be forecasting the move in crude.
Resume fracking and prices will drop.
I am not a fan of artificially inflated oil prices. It drives the cost of all forms of energy up.
However, (a little joke) if you think gas is expensive, try pushing your car.
I'm guessing the above mentioned $100/bbl is probably the target of market speculators. So, that's where it will go.
However, (a little joke) if you think gas is expensive, try pushing your car.
I'm guessing the above mentioned $100/bbl is probably the target of market speculators. So, that's where it will go.
Everything that's transpired over the last few years is proof that the industry controls their own prices. The crash, caused by OPEC flooding the market with crude in an attempt to put as many U.S. producers out of business as possible, sent prices spiraling downward. Now producers have intentionally slowed production to raise prices back up, and speculators are playing along. There's no reason other than greed for crude to be more than $50 a barrel, and gas to be more than $2. The amount of supply has nothing to do with prices, but rather the amount of supply producers CHOOSE to produce does...
Originally Posted by turtlevette
I think the speculators are whipped up into a frenzy right now. I see articles predicting $100.
The oil market of today is substantially different from that of a decade ago.
High prices brought new development which greatly increased known exploitable reserves, exactly what classical microeconomic theory would have predicted.
Each new price tier brings higher cost production back online.
So, while oil might briefly touch a hundred bucks, it won't stay there for long.
I think the speculators are whipped up into a frenzy right now. I see articles predicting $100.
The oil market of today is substantially different from that of a decade ago.
High prices brought new development which greatly increased known exploitable reserves, exactly what classical microeconomic theory would have predicted.
Each new price tier brings higher cost production back online.
So, while oil might briefly touch a hundred bucks, it won't stay there for long.
High oil prices , in our area / region , stimulates jobs and economic growth .
Even means more taxes paid to local , state & federal government .
Even means more taxes paid to local , state & federal government .
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