How soon before Oil prices...

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daves87rs

daves87rs

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...Start to rise?


I think oil prices might get a little cheaper for the next few months, but by early next year, I think they will take a nice jump in price.

It looks like the oil market (gas too) is still all over the place, and I'm expecting another wild swing soon.....


Your thoughts?
 
I'm with you on this. I'm betting that when spring arrives and people start to drive, the price will go up.
I really don't think it will be a better economy that does it. It will be from the weak dollar.
Have you seen how far that thing is dropping?
When the oil producers demand some other payment than the American dollar, look out.......
 
Originally Posted By: Pablo
Originally Posted By: GROUCHO MARX
Rising from weaker dollar rather than demand


Yepalicious.
+3
 
Originally Posted By: GROUCHO MARX
Rising from weaker dollar rather than demand


I'd agree with that....most likely be the issue...
 
just wait till the people in control decide to make the country green then really see it rise
 
Yep. The Euro is the prime candidate for next reserve currency. Iran and Venzuela pushing for Euro, China on the fence but so far have said that the Dollar should remain the reserve currency. This could be because China holds huge amounts of Dollars and if the buck tanks out from Euro taking over as the global reserve currnecy then China loses money. Quite a bit. If China starts dumping Dollars en masse, could it be a signal they are going to back the Euro for the reserve currency?

There is a bank out of Jacksonville FL, Everbank, I think that lets you denominate your account in some select foreign currencies... might be a way to hedge against such a scenario?

Originally Posted By: Kruse
I'm with you on this. I'm betting that when spring arrives and people start to drive, the price will go up.
I really don't think it will be a better economy that does it. It will be from the weak dollar.
Have you seen how far that thing is dropping?
When the oil producers demand some other payment than the American dollar, look out.......
 
Fasten your seat belts...we are about to experience inflation not seen since the late 70's early 80's from the Carter recession. Add cap & trade and zowie...we will all remember back when AAP had the PP bogo and WM had PP for $20 with a $10 rebate. But I have my 3 year stash in the bunker at $2 quart which is my hedge fund...
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Last edited:
Originally Posted By: PT1
Fasten your seat belts...we are about to experience inflation not seen since the late 70's early 80's from the Carter recession. Add cap & trade and zowie...we will all remember back when AAP had the PP bogo and WM had PP for $20 with a $10 rebate. But I have my 3 year stash in the bunker at $2 quart which is my hedge fund...
20.gif



Well said PT1. Someone has to pay for all of this unconstitutional government mandates. It is going to get very bad, very soon, for this country I am afraid.

But it won't affect me at all with my 3 year oil and oil filter stash.
19.gif
 
I'm getting worried about what impact the new SN/GF-5 spec. is going to have on the cost of oils. This push to try and squeeze more MPG out of 5W/10W-30's seems a little "overzealous" to me, and it could impact the cost of oil ... I don't know how much ... 30% ....higher ...????? What is the cost going to be?

The problem with the current energy conserving SM/GF-4 oils is that they already have to shear down to meet the latest fuel economy specifications. If these new oils are pushed further down the fuel economy road, we'll probably see either worse shearing of the 30 weights, or the oils will end up using more expensive base oils such as Group III, IV and V to meet the specifications. What's the point of a 30 weight if is shearing down to the 20 range (or just barely in the 30 weight range)?

I'm skeptical that the fuel economy numbers produced in the ILSAC bench tests translate well into much of a real world economy advantage. We could end up with significantly more expensive oils that offer no real benefit to the consumer over a 5k mile oil change compared to the current oils.

My thinking is that the API/ILSAC needs to rethink their strategy, and should leave SM/GF-4 alone, as I see no real significant "problems" with the current specification that really needs to be addressed. Just use SM/GF-4 as the baseline and if oil or auto companies want additional specifications, they can make them like the European automakers do (VW, BMW, Mercedes).

55.gif
 
Engine oil price? I think they will stay at around $2 for a while. Until fuel price becomes very high, then the refinery will start hydro cracking them into diesel and gasoline.

Oil barrel price? I think they will sky rocket due to dollar tanking and Middle Eastern nation intentionally causing problems to raise the price.

People are still scared of the oil price so they drive smaller cars now (in addition to the C4C related reduction in big trucks/SUV).

Not trying to be political here, just my observation.
 
Last edited:
Originally Posted By: Saturn_Fan
But it won't affect me at all with my 3 year oil and oil filter stash.
19.gif



I've now got a pretty big stash of cheaply priced Trop Artic. About the same quality (from what I've seen) as Motorcraft.
I don't want it to, but if when the price of oil goes up, I'm ready.
 
Hi,
daves87rs - Compared to the rest of the developed World lubricant prices in NA appear to be artificially low - for the long term

As an eaxample, M1 0W-40 in 1 litre packs sell for about $A20 here (similar in NZ I believe), about 20 Euros in Germany.
Delvac 1 has been around $A11 per litre for some considerable time now

We can buy the likes of old spec. Castrol GTX or a Generic 20W-50 in 5 litre pack in Supermakets for around $A25. Most known Brand 5W-40 synthetics in 5 litre packs sell for from around $A40 (eg. Shell Ultra 5W-40) to $A100 (M1 0W-40). Motul is in the middle along with FUCHS and some Castrol Edge variants

The spread of modern Group 3 semi-synthetics with great formulations and excellent user experiences (and Manufacturer Approvals) will ease the pain for many who need to use a "synthetic"

I think you can expect to see quite an escalation of lubricant prices in the months and years to come. This will help people accept the viability of realsitic OCIs
 
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Doug, back when oil was $150 (and fuel prices shot up), motor oil prices remained the same. Same when it dropped to $60, prices remained the same.
 
Originally Posted By: BobFout
Doug, back when oil was $150 (and fuel prices shot up), motor oil prices remained the same. Same when it dropped to $60, prices remained the same.


+1
 
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