Yep, i agree with Redrob.
Time will tell, $150.00 is the mark we should be considering in the short term.
JW
there is no longer plenty of oil.
I don't think prices go in straight lines.100 years ago, the world relied on Whale Blubber immensly. Whale blubber is as rare as today and it's price is how much? A big fat zero amongst most of the worlds economies.
As prices reach an extremes, for one thing humans become more inventive and look for alternatives. We don't have much alternetives ATM and the price of crude is defintely going higher in the long term. But not in a straight line like you see to think.
Your criteria is simply based on supply and demand, and unfortuntely that is only part of the whole market equation.
100 years ago, the world relied on Whale Blubber immensly. Whale blubber is as rare as today and it's price is how much? A big fat zero amongst most of the worlds economies.
As prices reach an extremes, for one thing humans become more inventive and look for alternatives. We don't have much alternetives ATM and the price of crude is defintely going higher in the long term. But not in a straight line like you see to think.
Your criteria is simply based on supply and demand, and unfortuntely that is only part of the whole market equation.
yep before these supply problems there was a traceback going on late last week, and i was waiting to see how far crude oil futures and oil company shares would fall before entering the market to buy some oil shares.On Monday we will see the extent that the Grangemouth strike and closure of the Forties Pipeline System effects world oil prices. This happened on top of continuining Nigerian supply disruptions and neverending Middle East tensions.
Hey Wavester,
Want to have a case of beer on it?
I'll take oil hitting $150.00 before it hits $65.00.
Just say the word and the bet is on, monies or beverages to be issued upon price reaching target.............
Yum, free beer!!!
JW
Okay Wavepicker your on.
I'm good for the beer, no need for the PM yet, if we drop back to $65.00 you will get your beer guaranteed. I am a bunny of my word.
Should make for some interesting months ahead, more intersting than the monthly tipping comp.
Good luck and may oil decide our fate.
JW
The president of Opec, the cartel of oil-producing countries, has given warning that the price of crude could hit $200 a barrel, sparking fears that rising fuel costs will force more businesses into bankruptcy.
Sorry guys but the rest of the world is going to just have to suffer until we hit $150.00 per barrel and i get my beer, until then i don't want to hear any sob stories, this is beer after all!!
JW
He's been brushing up on the Book of Common Prayer, obviously.Oh Oh... thats gotta be good..??
President Bush beseeches Congress to reconsider opening the Alaska National Wildlife Refuge and to increase domestic refinery capacity..
Slipping
.............Kauri
He's been brushing up on the Book of Common Prayer, obviously.
Hey, whatever happened to supply side economics? He should reduce tax on alco-pops.Not from the King James version though..
.........Bush would not commit to a gas tax moratorium but said his
Administration continues to consider it and other good ideas. A moratorium
would save Americans 18.4 cents on every gallon but would undercut federal
revenues at a time when the full-year deficit is already aiming at a record...
All he needs to do is increase the tax on Alco-pops... in the name of good health of coarse...
Hiccup
.............Kauri
Hey, whatever happened to supply side economics? He should reduce tax on alco-pops.
Gordo should do the same on Kronenbourg 1664 I reckon, FWIW
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?