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I see oil reaching 100 USD?!

  • #161
  • Feb 28, 2008 9:28pm Feb 28, 2008 9:28pm
Think next stop $103.5-$104 then maybe $109.

Wassup, thought this thread would be all a buzz with $100+ chat ?
  • #162
  • Feb 29, 2008 2:07am Feb 29, 2008 2:07am
Option plays suggest oil may fall to $80 by June

does anyone have crude oil chart vs. euro?
  • #163
  • Feb 29, 2008 8:12am Feb 29, 2008 8:12am
Quoting Orion602
Option plays suggest oil may fall to $80 by June

does anyone have crude oil chart vs. euro?
nope,...but i guess it doesnt want to go down, or does it, with the euro well over 1.50, oil at 100 usd is cheap,...
its just money
  • #164
  • Feb 29, 2008 8:24am Feb 29, 2008 8:24am
Here's a chart with a spread ratio included on the bottom:
Attached Image (click to enlarge)
Click to Enlarge Name: QMEU.PNG Size: 29 KB
  • #165
  • Feb 29, 2008 9:34am Feb 29, 2008 9:34am
Quoting SunTrader
Here's a chart with a spread ratio included on the bottom:
Thanks
so it looks like there is no another high on crude expressed in euro value..(?)

Quoting de123
nope,...but i guess it doesnt want to go down, or does it, with the euro well over 1.50, oil at 100 usd is cheap,...
yes its cheap :o) in fact in my country petrol is cheaper than it was when crude reached 100 for the first time..(and in fact petrol prices even didn't reach all time high here because of $ fall-maximum price was several years ago (don't remember year), when crude price was about 40$/barrel or so.. )

but its pain for US economy..
  • #166
  • Edited 11:00am Feb 29, 2008 10:08am | Edited 11:00am
The reason why it hits the USA hard is because of the typical driving distance we do in a year. In kilometers average about 24,000/year. Many drive well over 40,000 k/year.
  • #167
  • Feb 29, 2008 1:45pm Feb 29, 2008 1:45pm
Quoting SunTrader
Wassup, thought this thread would be all a buzz with $100+ chat ?
personally, i was hoping this thread would die so my bad predictions could be erased from memory
Relax and be happy.
  • #168
  • Feb 29, 2008 1:51pm Feb 29, 2008 1:51pm
Quoting merlin
personally, i was hoping this thread would die so my bad predictions could be erased from memory
I sold my oil out a while ago. I should have loaded with the pop down, but was scared.... In fact why is it the ones I'm not sure about to the best? Heck if I know!
Check Mate GAME OVER
  • #169
  • Edited 4:29pm Feb 29, 2008 2:25pm | Edited 4:29pm
it doesnt matter the predictions or calls when u trade,...

just wona pop up that this russian president elections will be soon over, that should be oil something, ... medvedjev looks more agresive then putin does, the election are ordinary farsa, ...putin says, i like this guy, and this guy becames president, stalin russia still aint democratic, and i guess it will never be......

http://www.bloomberg.com/apps/news?p...XSs&refer=home
its just money
  • #170
  • Mar 6, 2008 11:50am Mar 6, 2008 11:50am
wow oil is OUT OF CONTROL!! :surprised

come on OPEC, where you at? shouldnt you guys be shorting this?!?
Relax and be happy.
  • #171
  • Mar 7, 2008 9:03am Mar 7, 2008 9:03am
Weekly chart crude:
Attached Image (click to enlarge)
Click to Enlarge Name: OIL.PNG Size: 45 KB
Check Mate GAME OVER
  • #172
  • Mar 7, 2008 9:20am Mar 7, 2008 9:20am
Where's the actual price bars. Are they incidental ?
  • #173
  • Mar 12, 2008 6:23pm Mar 12, 2008 6:23pm
Bit late on this one, sorry, I actually got it on Tuesday evening...

"Gasoline prices set a record on Monday. For Americans, the average “price at the pump” has never been higher.

Meanwhile, as the price of oil closes in on $110, Goldman Sachs analyst Arjun Murti has more bad news.

Murti was one of the first Wall Street analysts to predict $100 oil. He warned of a crude oil “superspike” as far back as 2005.

His $100 oil prediction was mocked at the time. No one mocks it anymore. That makes it hard to ignore his latest call.

Here and now, in 2008, Mr. Murti thinks $200 oil could be in the cards."

That should get this topic going again. :
Carpe Divitiae
  • #174
  • Mar 12, 2008 10:18pm Mar 12, 2008 10:18pm
The only spike I saw was around the time of Katrina. It has been one big bull run lately. So he is 1 for 1. Does he put any timeframe on the $200 price for crude. Getting the price target right is only half the battle. Maybe Dionne Warwick old psychic hotline could help him.
  • #175
  • Mar 12, 2008 10:25pm Mar 12, 2008 10:25pm
Quoting SunTrader
The only spike I saw was around the time of Katrina.
I can only assume {yes, yes, I know what they say...:} it wasn't quite put that way, you know what journo's are like...probably more the way you put it
Quote
It has been one big bull run lately.
Quote
Does he put any timeframe on the $200 price for crude.
You're kidding right? An analyst from GS? You'd be lucky to get them to commit to what time they're taking lunch!
Quote
Getting the price target right is only half the battle.
I hear ya loud 'n clear. I'm still "waiting" for my 1K an ounce on gold remember
Quote
Maybe Dionne Warwick old psychic hotline could help him.
Is that a paid subscription? Where can I sign-up!
Carpe Divitiae
  • #176
  • Edited 2:48pm Mar 17, 2008 2:31pm | Edited 2:48pm
What market isn't crazeeeee these days, but crude having a range over $8 in a single trading day. In-freakin-credible.
  • #177
  • Apr 15, 2008 2:21am Apr 15, 2008 2:21am
The Vice President of Lukoil says Russian production has PEAKED. If true, this is a very serious statement and could have an enormous impact on oil prices and the world economy.

Source: http://www.ft.com/cms/s/0/282adfd4-0...0779fd2ac.html (you have to register).
  • #178
  • Apr 15, 2008 4:28pm Apr 15, 2008 4:28pm
At the same time Brasil is announcing major additional crude discoveries.
  • #179
  • Apr 15, 2008 11:05pm Apr 15, 2008 11:05pm
True. 8bn barrels is a nice find (enough to supply the world for about 95 days btw). Colombia is developing its 10bbn reserves. Also there is huge potential in Greenland (as much as 50bn under ground and another 30bn offshore). However, Cantarell, North Sea, and now Russia all have declining production. Even OPEC may be having a hard time increasing production. By the time these new finds begin producing, the gap between supply & demand could get pretty big. We are already at $114, which is a big number considering the title of this thread.
  • #180
  • Apr 16, 2008 1:43pm Apr 16, 2008 1:43pm
Quoting fierceman
We are already at $114, which is a big number considering the title of this thread.
yeah im still waiting for de123 to tell us how much money he made
Relax and be happy.
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