Saudia Arabia: $200 Oil In 2 Years

Saudi wants oil at $75/barrel. You scream $200/barrel enough, speculators will drive the price up to around $75/barrel easily.
 
I think they will stop at $75/barrel. These drastic swings in price aren't good. when oil gets above a certain price, alternative energy get much more attractive. They want to ride the line to keep everyone in oil.
 
TurtleTone said:
I think they will stop at $75/barrel. These drastic swings in price aren't good. when oil gets above a certain price, alternative energy get much more attractive. They want to ride the line to keep everyone in oil.
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I agree Turtle,
I think the market would keep this from happening because of the swing we saw when we got to $144 barrel in peoples attitudes towards conservation. If that happened now with the economy in the tank it would kill many of us with fleets of vehicles on the road!:smt100:smt100

Did you notice how the dictators quieted down when the oil hit the bottom though? (i.e. Achdiminijad and Chavez) They were loving life at $140 a barrel!!:wow:
 
Do not understand why anyone would want to start a thread like this? It is like the media digging to report bad news and get everyone depressed. Let's chat about the boating good life. Sorry if I offended anyone, just my two cents........
 
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Dave,
That is why it is in the Tiki Bar area.
Keep the good stuff in the boating area. Personally I wanted to hear what other great minds think about. My personal belief is we may be hitting it in a year or two because of the devaluing of the US dollar. Just my two cents.
 
davefin said:
Do not understand why anyone would want to start a thread like this? It is like the media digging to report bad news and get everyone depressed. Let's chat about the boating good life. Sorry if I offended anyone, just my two cents........
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Last time I checked the cost of oil/gas effected my boating. If it did not I would have my beautiful blue hulled 320 or 340!:grin::grin:
 
Marinas are feeling the pinch this year. I filled up on monday.... I pad $2.75/gallon at the fuel dock. Heck street prices were $2.69, normally I pay about $1 more a gallon on the water. I almost wet myself with Joy!!!
 
Funny how you can tell how fresh the gas is by the price. . . .In your case, the gas was probably a few weeks old.

Three weeks ago, I passed by the pumps marked "$3.29"; last years fuel I guess. Paid about $2.79 two weeks ago. . . . guess that fuel was fresher.
 
Picked up 60 gallons at $2.549 on Sunday. I felt like a kid in a candy store. I wanted to buy more, but she was full.
 
Maybe. Too many variables
 
You want to learn about oil. Read the book "The Big Rich". Its about four Texas wildcatters, how fortunes were made and lost. also about money and politics. Well worth the read.
 
Where is our energy policy???????????

We still don't have one and without some clear direction we are going to be taken advantage of by OPEC when it comes to crude oil. Instead, we are trying to "green" up all kinds of industries by promoting alternative energy solutions. While I am not against that, what do you expect from OPEC when they see their source of income will be severly depleted? $200 a barrel could easily become $500 a barrel !

A good solid energy policy would have recognized this would happen and could have addressed it. And yes it would have required the US to develop more of their own sources of oil in the meantime (drill baby drill) while this "greening" was taking place.

:smt021:smt021
 
Try $7.90 a gallon. The positive side is that we pay that much bl**dy duty and VAT that the fluctuations on the price of a barrel doesn't effect it that much.
 
Doesn't worry me at all.
There IS no recovery, so all the speculators will get their azzes handed to them, again...
Just like there's no justification for the Dow to be at 10,000. I heard one of the traders on the floor say on TV a couple of days ago that he thought people were buying lottery tickets.
 
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