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Can someone please explain why.....................

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Can someone please explain why.....................

Old 11-07-2007, 04:47 PM
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Default Can someone please explain why.....................

the price of oil is going thru the F#$!ing roof!!???

I drove by a station yesterday an hour and a half after paying $3.35 for deisel and it was up to $3.51!

What gives?? Is it the presumption that we are going to hit Iran? Is it the stuff in Pakistan? What?
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Old 11-07-2007, 04:56 PM
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Default Re: Can someone please explain why.....................

Sit back _ Shut up and hold on! If all the crap I've been reading Is 50% True. Then were in for one hell of a ride!
If not disregard previous statement.
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Old 11-07-2007, 05:08 PM
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Default Re: Can someone please explain why.....................

Easy. The more the Fed cuts rates, the more it costs to buy stuff (like oil) from overseas. The US dollar is selling off hard. We are experiencing inflation that no one wants to acknowledge. Look at gold north of $800/oz - oil is going to be over $100 easy by January. If the Fed cuts rates another 50 basis points look for oil to trade closer to $120.

A weak US dollar is good for our exports and foreign tourists who come to the US and not much else....
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Old 11-07-2007, 05:15 PM
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Default Re: Can someone please explain why.....................

UUHHH, Flatie, you are gonna see $100 dollar oil in about a week. Projection is $200 a barrel at the end of 2008.
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Old 11-07-2007, 05:36 PM
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Default Re: Can someone please explain why.....................

1. Weak dollar (the Canadian dollar is worth more than the US Dollar right now)

2. Speculation over supply

3. Speculation over disruptions to the supply

4. increasing world demand

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Old 11-07-2007, 07:04 PM
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Default Re: Can someone please explain why.....................

Just remember that it costs about $1bbl to pull the oil out of the ground. Currently here in NZ its around $5.32 at the pump for 98 octane. (thats converted to US$/gallon)
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Old 11-07-2007, 07:04 PM
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Default Re: Can someone please explain why.....................

flattie - 11/8/2007 9:08 AM

... - oil is going to be over $100 easy by January. If the Fed cuts rates another 50 basis points look for oil to trade closer to $120.

Couldn't care less until the cost of a double mocha non-fat chi latte with sprinkles at Starbucks gets bumped. That would be an act of war.


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Old 11-07-2007, 07:41 PM
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Default Re: Can someone please explain why.....................

Hey all,

Remember when the United States used to be a SuperPower? Ah, those were the days...

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Old 11-07-2007, 08:38 PM
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StingerII - 11/7/2007 10:41 PM

Hey all,

Remember when the United States used to be a Superpower? Ah, those were the days...
We still are if we can get are collective a-s-ses to work together!
Can we be a nation divided?
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Old 11-07-2007, 08:55 PM
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Default Re: Can someone please explain why.....................

With some places in Europe paying over $5 a liter, what's to stop us from paying over $15 a gallon?
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Old 11-07-2007, 10:41 PM
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Default RE: Can someone please explain why.....................

Just1more - 11/7/2007 4:47 PM



the price of oil is going thru the F#$!ing roof!!???

I drove by a station yesterday an hour and a half after paying $3.35 for deisel and it was up to $3.51!

What gives?? Is it the presumption that we are going to hit Iran? Is it the stuff in Pakistan? What?
Just another nail in our coffin brother, just another nail.
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Old 11-08-2007, 01:21 PM
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Default Re: Can someone please explain why.....................

Forget Iran, lets just tap Alaska and that Canadian Shell and let them Kill each other off over there.
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Old 11-08-2007, 05:17 PM
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Default Re: Can someone please explain why.....................

jaybyrd83ecu - 11/9/2007 5:21 AM

Forget Iran, lets just tap Alaska and that Canadian Shell and let them Kill each other off over there.
Can't. We give that oil to Japan, who in exchange as agreed to hold onto and estimated $3-trillion in paper she has. And like China, Japan now wants to sell off, too. Japan wants out from under the weight of a crumbling dollar as well anyone else, but she is holding that paper...for now.

Fwiw, if we don't consume that OPEC oil, China will. And China will consume it by prepping for war. The only reason China weighs down on N Korea is because she doesn't have the oil necessary to fight a war on two fronts; N Korea and Taiwan. China wants Taiwan more, so N Korea is being held in check. Allow China to get that oil and all hell breaks loose.

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Old 11-08-2007, 07:31 PM
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Default Re: Can someone please explain why.....................

2swift - 11/7/2007 9:38 PM
StingerII - 11/7/2007 10:41 PM Hey all, Remember when the United States used to be a Superpower? Ah, those were the days...
We still are if we can get are collective a-s-ses to work together! Can we be a nation divided?
Correction: How much longer can we be a nation divided?
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Old 11-09-2007, 03:22 AM
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Default Re: Can someone please explain why.....................

At least until the next home soil terrorist attack, more than likely.
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