Bolling: Oil Should Be in the $70-$85 Range, Buy the Dips

Why should oil be $75? Is he lobbying for Arab terrorist countries?

Oil is on the way back down. Give me a break. The speculators are the only people who want it back up.

I agree 100% that oil should be higher

It's easy to promote what you are buying. I think a more reasonable forecast on oil prices and other assets for 2009 can be found at www.davidportnoy.blogspot.com

Make the Arab countries eat their oil and sand! See how they like that. They leverage oil, we leverage corn, wheat, lumber, and water. We have the natural resources they need just to survive. Trees, Food, Water. Oil should be about 25 cents a barrell by my estimation.

Look With this Economy Oil should keep under 50 dollars a barrel for the next two years. OK

Is Bolling one of the same idiots who told us speculation had nothing to do with the increase to $147? Where is that Goldman Sachs pea-brain that said oil would be at $150 by years end as it was dropping from $147 TO $100? I hope he was one of their terminations.

If I owned shares of a ETF that has tanked I too would be speaking out about it should be at this price and not the "realistic" price. Typical speculator blah blah blah.

Can some of you economic wizard tell me how higher priced anything helps the economy that we are facing today.

There was another big shot on the Tech Ticker saying that we hit the bottom around $120/barrell back in July or August, and that "we'd better get used to it".

Face the facts its supply & demand that will eventlly drive the price of oil back up. maybe before the economy even does pick back up. As long as we want the price will go back up.

Severe economic depressions are very bad for basic commodities such as oil. The only thing that oil has going for it is that the Federal government is (stupidly) buying it again, but that is unlikely to be enough. Absent a significant currency event (always a possibility when the government is insolvent), expect oil to track sideways. If you really want to buy a basic commodity, buy something that is relatively scarce, e.g., platinum or palladium. The world is awash in oil.

Bull !!!!!!!!!!!!!!!! Look at the 10 and 20 year charts. Stocks falling back to the normal as the BUSH EFFECT leaves office. The Bush Effect of allowing business to run amock and obey no laws is about over and they know it. Look at nearly all sectors for 10 years. Most socks have returned to that level or below. Oil at $50.00 a barrel.

While I do believe oil will rise in the future, that is a long term sentiment; 6-9 months. No way over the next 3 months does oil go over $50/barrel. The only parties that want to see oil between $70-$90/barrel are the oil producers and the moronic governents such as Venezeula, Russia, etc, who base their government spending/social programs on a single commodity and expect it to never go below $60/barrel.

Anything to do with oil and comments are often racial or ethnic bashing. It is a depleting resource and one that had little or no respect throughout its history. Terrorism and oil have nothing whatsoever to do with it. Oil is also not a monopoly of Arabs alone, with large producers based in Africa, Russia and ex Russing Republics and South America. Arabs do not live in these nations. Far more people die of other causes including road accidents, cancer, heart etc than by virtue of terrorism. If organised warf was counted as terrorism, Europe leads that one way ahead than any other nation on the planet.

Based on my demand side oil price mechanism tracking oil price from 10 to 147, it soared from 2001 recession of 17 to 147 July 2008 responsing to falling dollar , increased consmer demand due to 168 billion tax rebate ( oil price doubled from 2007 to 2008). it plunged to 33 in Dec. due to US , gloal recession, repeating 2001, as US consmer spending plunge 5 % and manufacture ISM, PMI index plunge to 33 recession low. How ever recent US and China economic stimuluspackage and winter fuel oil demand drive oil price from 33 to 50 ( not due to Mideast war) ,. I t will be doubled to 60 again in March, as another tax rebate to beef up consumer spending. It can easily drive up to 80 laer this years as China, US infrastructure program going into full speed. details on www.osawh.com/oilpetpri.htm www.osawh.com/Globaloiln.htm

This BOZO is clearly only out to make money. They ALWASY bring these guys in who have a POSITION. he doesn't want to lose money so he is now trying to create fear and increase the price. I DON'T believe oil will see $70 because we as a country are sick of the Arabs. I drive less. My wife drives less. We wil NEVER again by a gas guzzling car. How about brining on a guy who doesn't have a finnacial stake in the matter. He could careless about oil other than making money. He has no commentary other than trying to push oil to a higher price.

i used to drive 600 miles per week. now i am lucky to do thast in 16 days, and those miles are just to get out of the house. the us economy has stopped.

I don't understand Oil. When the price of Oil goes down DUG should go up, but it really doesn't follow the trend. When the price of Oil goes up DUG does goes down somewhat. DUG inverses the major oil companies.

Why not $150.00 - $200.00 a barrel, it was working so well when I was paying $4.50 a gallon