trafficinsight
Well-Known Member
This just in, oil prices have jumped to 120$ a barrel on news that oil prices have jumped to 120$ a barrel.
This just in, oil prices have jumped to 120$ a barrel on news that oil prices have jumped to 120$ a barrel.
Well see. All it takes is a butterfly fart in the middle east and BANG!!
The same market analyst who drove the prices up a month ago, calling for "$150.00 pbb by the 4th of July", is saying $80ish ppb by next week.
Not calling your bluff. . .BUT. . .
Link to said analyst calling for 150, and also a link for said analyst calling for 80.
Thanks.
There is an analyst who said that, by the 4th of July, oil would hit $150.00 a barrel........The 4th has come and gone and oil hit near that $150.00 mark as he said it will.........Fast forward to today...........The same analyst is now saying that by NEXT WEEK.......Oil will be somewhere in the $80.00 a barrel range.....................
I'm sure there is a person who has said both of these things. . .what I was asking for though was a link, or a name to go with it.
Americans used 2.4 percent less fuel over the past four weeks than they did last year, the latest figures by the Energy Department's Energy Information Administration show. While that may not sound like much, industry experts say it represents a significant shift by the world's largest energy consumer. A bigger-than-expected increase in gasoline supplies only added to concerns that drivers are cutting back.
"We've grounded airplanes. People are driving less," said James Cordier, president of Tampa, Florida-based trading firms Liberty Trading Group and OptionSellers.com. "For the foreseeable future — at least for the next 6 to 12 months — we have demand destruction."
Cordier predicted prices could yet drop further, with oil possibly falling as low as $110 a barrel by September.
I'm sure there is a person who has said both of these things. . .what I was asking for though was a link, or a name to go with it.
If I could just develop an engine to run off piss and vinegar, most of us would be a-okay.
There is an analyst who said that, by the 4th of July, oil would hit $150.00 a barrel........The 4th has come and gone and oil hit near that $150.00 mark as he said it will.........Fast forward to today...........The same analyst is now saying that by NEXT WEEK.......Oil will be somewhere in the $80.00 a barrel range.....................
I think we could possibly see $2.50/gallon again. Not great, but much better than $4/gallon.
We all know how good your oil price predictions are!!! LOL
The big question is with oil in a free fall, are gas prices really gonna come down?