must have been 6 shows with oil experts. Almost all said gas to $2 by winter, oil to $40 barrel. said that we won't do squat to iran cause if they choke off the strait, then oil hits $100 a barrel. Sounds like they are all going to push oil down due to less driving, mild winter, new resources found, costs to pump the oil out will be pennies, cars to get 500 miles to gallon soon, USA will drive cars to work once a week and bicycle or walk the other days, we'll soon be able to flap our wings and won't need cars/oil, heat, other!!!!!!!!!!!
geez, why don't you just come to my place and screw me now and get it over with. Long at 61 and really worried.
you are telling non sense. At most Oil will drop to low 60s. Use your
6 shows in one night and all were bearish...right!! Good try shorty. When was the last time there was a major oil discovery? When was the last refinery built? Do you know how many people there are in China, India and Southeast Asia? Do you know how many have cars? Do you know how many want a car and will buy a car? Read up on the quality of oil coming out of the ground these days, light sweet decreasing quickly. Oil ain't going to $40 and nat. gas ain't going to $2. Good try trying to scare people though.
I was reading an online article on crack spreads that I got via Google. Talked about unrealistic high oil prices going back to $40 by the spring. I looked at the date - it was February 2006.
They aren't always right.
The oil figures are being manipulated for "national security purposes", no doubt about that.
Driving stopping after labor day - now way. School busses up and running, teachers driving to school, traffic jams all over. Will never go below $60 again imo.
If they knew what was going to happen why would they tell anyone.
Dont feel bad I have been in and out over the past 6 month for a nice percent gain but bought way too soon on this latest pull back.
Short term - Nov elections and easing gas prices will help gw and his gang try to hang on in the house and senate.
Long term - CHINA will gobble up every bit of spare capacity. Chinese govt trying like hell to slow down growth but to no avail at 70$. As oil drops Chinas economy just shifts into another gear.
This is an excellent long term stock.. check the chart. and provides enough swing to make medium term trades profitable. I wish I had some spare cash to buy more at this level and wait.