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Old 04-23-2007, 08:40 AM  
Donger Donger is online now
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Gasoline over $4 coming to a pump near you because this thread is ass

http://www.bloomberg.com/apps/news?p...d=afOlUzd30YOo

Pretty alarmist, IMO, but possible.

Spoiler!
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Old 01-12-2016, 04:42 PM   #466
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I certainly don't see $10.00. And I have trouble seeing $20.00. Maybe $25.00
$10 seems a little too unrealistic. If it got that low for any extended period, the oil industry in this country would be crippled. Maybe that's what Saudi Arabia is truly aiming for but they may bankrupt their own country in the process.
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Old 01-12-2016, 04:45 PM   #467
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I fail to see why you think I'd be upset about crude being low.
Because of your high oil price fetish.
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Old 01-12-2016, 04:46 PM   #468
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$10 seems a little too unrealistic. If it got that low for any extended period, the oil industry in this country would be crippled. Maybe that's what Saudi Arabia is truly aiming for but they may bankrupt their own country in the process.
A potential 50% reduction in shale production is already pretty damaging. Our adding to the global spare capacity has had a significant impact on crude's decline.
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Old 01-12-2016, 04:47 PM   #469
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Because of your high oil price fetish.
I have an oil price fetish. It doesn't matter if it's high or low, or anywhere in between.
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Old 01-12-2016, 04:52 PM   #470
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$10 seems a little too unrealistic. If it got that low for any extended period, the oil industry in this country would be crippled. Maybe that's what Saudi Arabia is truly aiming for but they may bankrupt their own country in the process.
The people in Saudi capable of making that happen wouldn't care as they have the private jets for themselves, their harem and their race horses.
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Old 01-12-2016, 06:09 PM   #471
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So what are some good oil-related investments I should look in to? Gotta contribute to my Roth IRA soon.
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Old 01-12-2016, 06:48 PM   #472
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Old 01-13-2016, 09:36 AM   #473
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So what are some good oil-related investments I should look in to? Gotta contribute to my Roth IRA soon.
Start looking at oil and oil services stocks with the lowest debt to equity ratio. Then when oil hits low to mid twenties, jump aboard.

The problem with oil mutual funds is they have some good ones and some dogs in them that may go bankrupt so they may not get the best returns.

Be very careful of stocks with artificially high dividend yields, they will likely be cut.
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Old 01-13-2016, 10:00 AM   #474
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Old 01-15-2016, 09:06 AM   #475
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Crude following the market today. Down 5.00% right now at $29.64
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Old 01-15-2016, 09:30 AM   #476
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Old 01-15-2016, 09:34 AM   #477
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Wow. Gasoline now well below $2.00 at $1.92.
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Old 01-15-2016, 10:33 AM   #478
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Old 01-15-2016, 10:43 AM   #479
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Diesel still in the 1.90-2.10 range here.
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Old 01-15-2016, 02:38 PM   #480
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Closed at $29.19. The lowest since November 2003.
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