$200 bucks a barrel

SoCalAprch

SoCalAprch

Well-Known Member
Just heard on the news that $200 per barrel was possible by the end of the year. What does everyone think the affect will be on operations? :confused:
 
mikecweb said:
I think they are trying to scare people.
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Thats exactly what I told my wife! Her recourse was "thats what you said when they said oil may be over $100 a barrel in a couple months"


But not asking if it will happen just what you think would happen if it did go that high...
 
Airlines may actually have to raise ticket prices on the dummies to a realistic level at 200 bucks per barrel.
 
granted it will hurt the aviation world but what would the out come be? What do you think the 121 world would look like if it happened? A few select US international players and a couple domestic players?
 
The $200 barrel of oil was a Goldman Sachs forecast. Article in the WSJ yesterday about this. Some other analyst at some other house made a prediction of $40 a barrel in two years. Go figure.

On another note-hasn't Goldman Sachs done enough to damage our economy without them fanning the flames of speculative panic?
 
Speculation. Too many existing ways to develop a barrel of oil for $100 a barrel. Everything goes boom or bust at some point.
 
Unless what they say about peak-oil is true and already happening, I doubt you'll see $200 in the next year. Supply and demand won't allow it.
 
Fox news was talking about this last week. They were thinking it could be $200 a barrel next summer and then cost us $10 a gallon at the pump. I really hope that doesn't happen.
 
I thinks there's been a huge bubble that's been created waiting to burst.

But if it does hit $200, this country's going to look like Moscow and Eastern Europe.
 
B767Driver said:
I thinks there's been a huge bubble that's been created waiting to burst.

But if it does hit $200, this country's going to look like Moscow and Eastern Europe.
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Yea I can see that too. What a shame... this really needs to be THE priority for our country I think. If this country wants to avoid the troubles involved with ever rising gas prices then it would invest and spend on making us completely energy independent and forget about oil as much as possible. And what is the oil industries explanation for the record profits while we get shafted with high prices? I dont buy any of it.
 
All we need is an adminstration worth a damn. I don't think we'll see oil get any higher than what it is now. If you've noticed, we had steady increases then suddenly its leveled off and actually dropped a few bucks per barrel. These A-holes at the oil companies are just toying with us.

We elect our government to manage our economy and finances and they're doing a horrible job at it. If we didn't piss so much money away in Iraq, we probably wouldn't have this problem. This economy sucks.
 
That's a nice thought but this country's economic turmoil stems from more then just the war in Iraq.
But hey everyone needs an easy scapegoat.
Oh and btw the world isn't going to magically be a better place in January. Yes this administration has made mistakes, a majority of which were supported by those currently running for president.
 
mikecweb said:
That's a nice thought but this country's economic turmoil stems from more then just the war in Iraq.
But hey everyone needs an easy scapegoat.
Oh and btw the world isn't going to magically be a better place in January. Yes this administration has made mistakes, a majority of which were supported by those currently running for president.
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Thanks for the lesson in current economics.
 
It wont hit 200, that is like 6-7 dollars a gallon and the Oil Industry would send a lot of countries into some really bad depressions. I think it is going to stay right where it is as long as we're in the Iraq war, China is demanding huge amounts of energy and South American oil countries continue to have civil unrest. To what B767 said, I don't think it is a bubble, I think we are just having to compete more over less fuel.
 
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