I agree with Jayford here, I dont see oil going past $80.00 in the 365 days unless of course, a nuke exploded around the texas refining area. in general, I think too much speculation that oil will go up forever. much like what happeend to gold when it was 715, $1000 they said... I see oil to fall further closer to $65 by year's end.
I see crude oil in the 30 to 50 range over the next 2 to 5 years and You wont see mid 70s in the next 10 years or so I hope I have made myself clear enough!!!
yes. oil will not be above 80 and will likely be in 50's by 2009. with this said--can anyone point me to companies involved in ethanol? thanks! regards.
2009??? I think oil will be 50s next year surf, what happened to your surf report? throw us a bone update that thread once in a while.
that is possible. i am being conservative. i have placed personal trading on hold for awhile. totally flat except for oil shorts. trading traders and looking for edge now. surf
thats inconsequential... peak oil horizon now round 2030 by today's estimates... whats plateauing here?
You want an edge? Here's one for you - short the subprime mortgage lenders. housing is collapsing and they will be next. Thank me later...
Heh, nobody asked me what I meant by long term. Certainly not 2009, which is only 3 years away. No, I didn't make the prediction by flipping a coin. I studied the issue and applied common sense. The history of oil will be a rather short 200 years blip in the history of mankind. Now, none of us trades here oil for long term (5+ years), so arguing about fluctuations in the next few months or years really doesn't interest me. Peak oil is right around the corner, if we get a few extra years because of decreased demand, the better. The fact is that oil is still dirt cheap. Hell, even bottled water costs more...