$100 A Barrel Oil is on the Way

#2
#2
Yeah, Im making good $$$$$ in Oil and Gold. Thats part of the reason the market was down today was because of Oil. $100 a barrell doesn't suprise me at all.
 
#7
#7
Congress will fix everything. The Dems told everyone if they were elected all these injustices would be fixed.
 
#12
#12
The CEO of Shell said in a presentation I attended that they were confident that they would develop 40-60 dollar a barrel oil from oil shale. We'll see.....
 
#13
#13
oklavol said:
Do you buy oil futures?
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Yeah, Oil and Nat Gas. Oil has been great and gold also but the move in nat gas I think is on the way. I think Oil will get to $100 shortly. If something breaks out in the Mid East folks dont understand, they will think $100 oil is cheap. Oil hit $85 today for every $1 oil goes up, that translates to 6-8 cents at the pumps. Get ready cause its on the way.
 
#14
#14
myrobbins7 said:
Yeah, Oil and Nat Gas. Oil has been great and gold also but the move in nat gas I think is on the way. I think Oil will get to $100 shortly. If something breaks out in the Mid East folks dont understand, they will think $100 oil is cheap. Oil hit $85 today for every $1 oil goes up, that translates to 6-8 cents at the pumps. Get ready cause its on the way.
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You seem to be making money at the oil futures, so I hesitate to call you out - but I think that your statement about gas prices is off. We've seen gas prices go up while oil prices drop this year. I wouldn't so closely correlate these two without including other dominating factors in gasoline prices.
 
#16
#16
TennTradition said:
You seem to be making money at the oil futures, so I hesitate to call you out - but I think that your statement about gas prices is off. We've seen gas prices go up while oil prices drop this year. I wouldn't so closely correlate these two without including other dominating factors in gasoline prices.
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Your very right about the gas price go up while oil drops. Thats what ALOT of folks are b*tching about now and have been. Somebody is getting VERY VERY rich..Very rich :dunno:
 
#17
#17
TennTradition said:
The CEO of Shell said in a presentation I attended that they were confident that they would develop 40-60 dollar a barrel oil from oil shale. We'll see.....
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The Mid east wants it higger than that, so does the CEO. Trust me.The higher oil goes,the more he and his co. makes. Just take a look at Exxon...Big $$$
 
#19
#19
myrobbins7 said:
The Mid east wants it higger than that, so does the CEO. Trust me.The higher oil goes,the more he and his co. makes. Just take a look at Exxon...Big $$$
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Why would a CEO want the price of raw materials to be higher?
 
#20
#20
All the US has to do is cut a deal with OPEC that we won't institute CO2 policy if they will sell oil to us at a cheaper price. I'm not advocating this...but it would work!
 
#21
#21
GAVol said:
Why would a CEO want the price of raw materials to be higher?
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I'm guessing that he was referring to the CEO of Shell...whose major raw material is oil....and product is oil. They drill their own oil don't they...and sell it to refineries?
 
#22
#22
GAVol said:
Why would a CEO want the price of raw materials to be higher?
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The CEO doesnt control the cost of the oil, OPEC does. All you have to do go back to Exxons Q4 filing and compare that to there Q4 filing 5 years ago and it will blow your mind.
 
#23
#23
TennTradition said:
I'm guessing that he was referring to the CEO of Shell...whose major raw material is oil....and product is oil. They drill their own oil don't they...and sell it to refineries?
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Thats true. Thats part of the problem also. We NEED more refineries.
 
#24
#24
myrobbins7 said:
Yeah, Oil and Nat Gas. Oil has been great and gold also but the move in nat gas I think is on the way. I think Oil will get to $100 shortly. If something breaks out in the Mid East folks dont understand, they will think $100 oil is cheap. Oil hit $85 today for every $1 oil goes up, that translates to 6-8 cents at the pumps. Get ready cause its on the way.
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i've been recommended to buy oil futures in the spring before the peak oil season as a cant lose proposition. whats the minimum amount for a position you invest though? 10k?
 
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