I’m ready for the price of oil.....

[Presentation]

…..to correct itself, collapse, implode, fall, drop, etc.

Why its just like tulipomania.

Remember when the NASDAQ got over 5,000?

Come on, lets get crashing!

$20/barrel would be a good bottom price.

 

[ghuskin]

keep dreamin'!

 

[ANYTIME]

…..

$20/barrel would be a good bottom price.

Gotta be yer a$$ talking, cuz yer head knows better :huh:

 

[Pakmule]

We are due for a correction but I doubt it's going that low. In spite of all the press we do not even remotely have a supply problem. It is as high as it is due to speculation.

 

[PMvdb395DA]

Hello,

Yes I think you guy's have to get used to these prices.
I think that a barrel never comes under $100 again...
We pay more than $9,70 a gallon these day's in Europe.
OK the dollar / euro rate doesn't do any good also.

Just look at the important things in live.

The most important thing in live is your healthiness...
Ok and second is boating :grin:

Peter

 

[PMvdb395DA]

Hello,

Yes I think you guy's have to get used to these prices.
I think that a barrel never comes under $100 again...
We pay more than $9,70 a gallon these day's in Europe.
OK the dollar / euro rate doesn't do any good also.

Just look at the important things in live.

The most important thing in live is your healthiness...
Ok and second is boating :grin:

Peter

 

[Turtlesboat]

don't jinx it just yet, we have to get the price up to $200/barrel and let it sit there for a bit for any real changes to be made like drilling, tax cuts etc.

 

[tdappleman]

My wife and I went out the other night and got to talking to another guy at the bar. He was in the gas/petroleum industry and had an interesting insight into the perceived shortage: It's not due to the amount of crude or the amount of refined product - a lot of the problem is due to the EPA mandating the oxygenated contents in gas and the newer reformulated gases. He said we would continue to see some minor price increases until June 10 when the refineries had fully switched over and then we would actually start to see some reductions in prices.

 

[fc3]

The lowest price any analyst has suggested is $40/bbl. I'm not signing on to that one. Most likely is $70-80/bbl/.

Best regards,
Frank

 

[rondds]

i agree we'll correct (see "gold in 1980" and "tech stocks in 2002"). will settle in somewhere slightly below $100. peter! where've you been!?

 

[Hampton]

I love you guys.

 

[fc3]

"tech stocks in 2002").

Don't even remind me! And it was 2000, not 02. Tech was dead by the end of 01. I'd be retired by now if my freekin' options had vested before 2000!

One one the guys I followed to a start-up was in the company a year and a half before me and vested in his options. He exercised (after two stock splits) and was sitting on a nice 8 figure sum.

sigh

Back to work tomorrow :smt043

Best regards,
Frank C

 

[wish2fish]

We are due for a correction but I doubt it's going that low. In spite of all the press we do not even remotely have a supply problem. It is as high as it is due to speculation.

and the fact that the value of the us dollar sucks!

 

[cagnoli]

and the fact that the value of the us dollar sucks!

Well, get used to it, as long as we have the trade deficit with the Saudi's on Oil, the dollar is going to continue to drop.

What we need is for the COMPLETE MORONS / IDIOTS/ F$%^&&G RETARDS in congress to get off thier A$$'s and admit that GLOBAL WARMING IS A SOCIALIST HOAX, and just a means to forcing an alternative fuel to surface.

Unfortunately, these same knuckledraggers don't understand that gasoline isn't the only product derived from Crude Oil. The reality is that the world economy is built on OIL; plastics, rubber, pavement, propane, kerosene, home heating oil, plastics (again, let's see, laptops, TV's, video games, printers, and a liteny of other products made of plastic....)

Of course, engine oil, tires, and plastic products don't seem to have increased in price...ummm, maybe if the EPA and the Tree Huggers stayed out of the process...and we had 1 summer blend and 1 winter blend of fuel, we could have some real price relief.

Rant over.....probably catch some stuff for this one......

 

[JV II]

The glass is half full.

There is never a line at the gas docks.
I booked a slip for Plymouth Harbor with one week's notice.
I was able to get my choice week on Nantucket.
I got a slip on Martha's Vinyard without any difficulty.
I have had the entire Boston Harbor to myself these past few weeks, aside from some sailboats and commercial traffic.

Fuel prices are what they are. I will pay whatever price they charge, fill the boat, and have fun. In the time being, I will enjoy seeing all the news stories of the truckers protesting in Washington, the 11 o'clock news tidbits about the recent gas price increases, the front page stories, and the investigations of the oil companies. I see a boiling point on the horizon. Prices will drop. I'm not expecting much in terms of savings. Whether I pay $3 a gallon or $4 a gallon it is still not the greatest cost of this expensive and fantastic hobby.

 

[dbric36]

The reason for high price in your Country is taxes. Not because our oil is cheaper.

Hello,

Yes I think you guy's have to get used to these prices.
I think that a barrel never comes under $100 again...
We pay more than $9,70 a gallon these day's in Europe.
OK the dollar / euro rate doesn't do any good also.

Just look at the important things in live.

The most important thing in live is your healthiness...
Ok and second is boating :grin:

Peter

 

[Escapade]

Mike- I agree with your analogy and want to add we have seen the same thing boating in Lake Michigan. We are getting best reservations to ports we normaly have a tough time with. Best of all the marina managers are going out of thier way to accomidate all our groups needs. I expect it will get worse. Much worse before it stablizes. We have already made some adjustments to our budget not to interfear with our summer fun.
Mike

 

[Four Suns]

I booked a slip for Plymouth Harbor with one week's notice.
I was able to get my choice week on Nantucket.
I got a slip on Martha's Vinyard without any difficulty.
I have had the entire Boston Harbor to myself these past few weeks, aside from some sailboats and commercial traffic.

Going through and booking our New England trip for July was the same. Everyplace had openings...

 

[Turtlesboat]

I went out on the Sound last weekend and was AMAZED at how few boats there were. it was great.

 

[BON DIA]

The weak US dollar is also a major factor.