This $125 prediction is no bigge, current price is already $117. How do the gas prices compare vrs Canada. US 1 gallon is $3.50 and it has 3.78 litres or 92.5 cents/litre Canadian 1 Litre is $1.20 I think. Does this mean gas is cheaper in US or some other calculation need to be included in the factor.
The question is when does Oil reach the tipping point i.e. people think a dozen times before jumping into their 4 wheels. When does oil shift from being a bottle of beer to becoming a bottle of champagne i.e. used only for special occassions.
He's not jsut nuts, he's an asshole too. Called for a "new bull market today". Want people in energy, ags, and now tech (which he hated 300 comp points lower). The highs for this bounce are in this week.
I hate it when people compare US gas prices to EU gas prices. 1) The EU is a lot smaller and more compact than the United States. Less of a need to travel. 2) The EU has established public transportation that eclipses that available in the United States. 3) The EU has a much larger variety of fuel efficient cars than we do. Around there, 70mpg is considered efficient. Around here, 35mpg is considered efficient. 4) Those high gas prices in the EU are from socialist taxes, not because of the price of crude.
There should be a rule that whenever Cramer's name is mentioned, typed, or searched for, the word Jagoff and Cocksucking idiot have to appear too. Ok now I feel better.
Why do you hate it? There are people with much more experience than you showing how they cope with expensive fuel. Your attitude needs addressing if you want lower fuel bills. If my country suddenly got rid of socialist health care I would listen very, very closely to those who were used to paying for it (and enjoyed the lower taxes too). I'm in the UK, we have expensive fuel, more taxes and no guns - FACT. You're in the US and you have cheaper stuff and more guns. Just a statement of truth. If we had guns would we have cheaper stuff? Of course not. Those issues can easily get mixed but the truth is we pay more for less stuff. In the UK people generally bitch about council tax (paid each year, based on the value of the house you live in) which has increased way above inflation for about 10 years. There's plenty of impoverished old people living in large houses here, who pay enormous amounts for their council tax for houses that are falling in value. They've forgotten the value of their house can go down too. They have difficulty with the maintenance. It's a problem for them which will only get bigger. They're not paying attention to the market.
Pray tell, how do these guns increase our fuel prices? Can we stay on topic here? He hates it when people compare the two because its an apples to oranges comparison. The items being compared aren't similar enough to compare.
Our target is 125 to 130 by June. Oil could go higher. Its a full bull that will not stop. I doubt we get a pull back. Emerging oil markets are consuming more Oil than the US, the first time in History. China, India, sucking it up. The heat wave to hit the middle east, will increase energy prices, more and more cars are being sold in those areas, sucking up oil. weaker dollar is driving money to quality, OIL! Oil industry is the best place to be right now. Could be for the next decade or so.