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Oil shock prediction: $25
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Re: Oil shock prediction: $25
I predicted $45 a barrel in other posts. We could defiantly see $35 a barrel in the spring. For $25 oil the price of the Dollar would need to rise significantly vs other world currancys, and oil demand sink further.
$25 will happen when the Fed tightens and moves the lending rate up. Interest rates will then move up, the dollar will increase in value and oil will move lower along with gold. If the dollar weakens oil and gold will both move upward.
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Re: Oil shock prediction: $25
Now is the time to retool our factories for alt. vehicles.
So that when gas prices skyrocket again, we're ready. All I'm seeing now are my neighbors firing up their hummers and purchasing suburbans.Silver 09 GX
Phill G:1.5
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Re: Oil shock prediction: $25
Originally posted by jpulliam1 View PostIt's time for the Fed and State gasoline taxes to be raised!!
and use cng to burn sorry I go so far off base
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Re: Oil shock prediction: $25
As I recall the crash occured soon after everyone predicted $200 per barrel oil. I suspect that a prediction of $25 signals the turn around. But, it does not seem like CNG will follow for quite a while. People I talk to are worried about not being able to slow CNG production enough to avoid difficulties this coming summer. Rising oil and dropping CNG would be a good thing.
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Re: Oil shock prediction: $25
The Dollar is weakeneing and Gold and Oil is moving upward. We may have just seen a low on oil.
The price of oil moving has more to do with the value of the dollar.
Large hedge funds moving money out of the dollar and into oil and gold as a safe haven to loosing value in the dollar. Oil Demand is weak, but the bail out looks like it has failed and the economy will continue to fall.
The Dollar will turn downward if the bail out fails. If the bail out works Dollar up oil and gold down. I think Oil and Gold are going up from here, but oil will not be going back to $148 anytime soon. Oil back to $65 The Dollar will go back down 30% Gold back to $1000
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Re: Oil shock prediction: $25
Given the OPEC production cuts this week, Pickens looks for crude to be back where producers like it -- $75 or more.
Of course, that's if OPEC members follow the OPEC allocations. Chavez will be - ahem - "over a barrel" if he can't keep pumping at max.
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Re: Oil shock prediction: $25
It's really hard to tell where it's going. First response to the OPEC news was a dip down below $35 a barrel to finish at just above $36 a barrel.
I'm not sure the market is listening this close to the holidays.Your Friendly Nazi Squirrel Administrator
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Re: Oil shock prediction: $25
Don't you remember, it doesn't matter what it cost a barrel, the oil companies and wholesalers charge whatever they feel like for gasoline and make up lame reasons for jacking up prices (scheduled maintenance, storm in the gulf,...).
Isn't any of this sounding familiar, it's been less than a year since we were dealing with this!Your Friendly Nazi Squirrel Administrator
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Re: Oil shock prediction: $25
Originally posted by OKC CNG TECH View PostDoes anyone have an idea what a gallon of gasoline would cost with $75 per barrel of oil ?
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Re: Oil shock prediction: $25
Originally posted by OKC CNG TECH View PostDoes anyone have an idea what a gallon of gasoline would cost with $75 per barrel of oil ?
You can make charts on gas buddy.com crude oil vs gasoline.
http://www.gasbuddy.com/gb_retail_pr...t.aspx?time=24
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