[threadbear]

$this->bbcode_second_pass_quote('kiwichick', 'P')ATC when everyones selling thats a good time to start looking. as warren buffett says its like being an oversexed guy in a whorehouse. you don't know where to start first!!!

[TheDude]

$this->bbcode_second_pass_quote('JohnDenver', 'A') lot of dumb schleps wandered in here in the spring and summer, bought into the commodity bubble at its peak, and got reamed. The "experts" in this forum should be taken out back and tarred and feathered.

[threadbear]

$this->bbcode_second_pass_quote('MD', '')$this->bbcode_second_pass_quote('PeakingAroundtheCorner', 'W')here is the absolute bottom. I read here somewhere that it's $110. But here we are just one dollar from breaking that supposed limit. Are we completely discredited now? What is causing oil to go down? What happens below $110? Will people begin buying SUVs again? Almost everything I've read here in the past months is now being smashed. How much money have you lost in this process?

[AirlinePilot]

JD, Ive made a bunch of money on moving oil prices watching and playing with USO and also airline stocks. Its like shooting fish in a barrel if you've been really paying attention here.

The folks who buy the "bubble" stuff or have waited until recently to buy are always the last place finishers. You have to do your own decision making and learn to be just a bit ahead of the curve. Sometimes your wrong, but with the wealth of knowledge and information sources here it hasn't been very hard to be just in front of the "too little too late crowd".

I bought USO at 47, sold most of it at 135 and im waiting patiently to jump right back in again very, very soon! Ive made money on the airline stocks too just watching the potential moves in oil. Those stocks are like puppets being pulled by oil price strings.

[BigTex]

Something else to think about is that part of the drop in the price of oil has been the inexplicable appreciation of the dollar, which has gone up about 8% in the last couple of weeks.

If the dollar had stayed where it was at a couple of weeks ago, oil would presumably be at least 8% higher in dollar terms, or about $123. A drop from $145 to $123 doesn't look all that dramatic, really.

That's still pretty expensive for the rest of the world.

It's hard to say where we go from here, but I think that the punishment that has been delivered to the oil services sector is completely off the mark. Those companies are going to have MORE business with oil closer to $100 than $150 per barrel, because there should be more economic activity in general at the lower price.

[ReducedToZero]

$this->bbcode_second_pass_quote('AirlinePilot', 'J')D, Ive made a bunch of money on moving oil prices watching and playing with USO and also airline stocks. Its like shooting fish in a barrel if you've been really paying attention here. The folks who buy the "bubble" stuff or have waited until recently to buy are always the last place finishers. You have to do your own decision making and learn to be just a bit ahead of the curve. Sometimes your wrong, but with the wealth of knowledge and information sources here it hasn't been very hard to be just in front of the "too little too late crowd". I bought USO at 47, sold most of it at 135 and im waiting patiently to jump right back in again very, very soon! Ive made money on the airline stocks too just watching the potential moves in oil. Those stocks are like puppets being pulled by oil price strings.

[dohboi]

Dude, I love that graph. The take home message is that you can always win by going directly contrary to whatever Yergin is saying. I just can't believe this guy is still in business and that anyonew still listens to him. So he wrote a neat book two decades ago. His track record over the last decade shows him to be consistently clueless both about price rise and price drop. Sad indeed.

[KevO]

$this->bbcode_second_pass_quote('PeakingAroundtheCorner', 'W')here is the absolute bottom. I read here somewhere that it's $110. But here we are just one dollar from breaking that supposed limit. Are we completely discredited now? What is causing oil to go down?

[Buggy]

$this->bbcode_second_pass_quote('Carlhole', '')$this->bbcode_second_pass_quote('Buggy', 'I') am completely disgusted by the fat, bloated, sweat pants wearing, wal-mart shopping, suv driving bottom dwellers in America. I am done with porked out, bloated, loud mouthed wenchbags hollering at their obese piglets in shopping lines. I long for an era where there are more good looking women than fat, nasty and smelly. Let the die off begin.

[Buggy]

$this->bbcode_second_pass_quote('KevO', 'I') think Bush and Co will need to get the oil down to the 80's or 90's to be whoop whooped and secure a McCain win so I guess that's where oil will go and gas prices with it. Then Bush will say that the offshore drilling and Alaska will keep prices falling and so everyone can buy hummers again. SA/Opec will keep production steady meaning a glut for the yanks come November and the US of A is a happy nation for thanksgiving. It ensures one thing, that the cliff will be massive, sudden and drastic. be sure to get this ASAP

[ROCKMAN]

dohboi,
Reminds me of the old definitions of recession (when your neighbor loses his job and depression (when you lose your job).

rocdoc -- I see it in a similar light as you. As long as the KSA doesn't use whatever excess capacity it has to underbid prices with the other oil exporters they effectively have control over the market. It's not an absolute and immediate control (other short term factors have their impact). After the KSA suffered from the demand destruction and subsequent competion among OPEC members I like to think they'll moderate oil prices to maximize their benefit while not completely knocking the legs out of the world economy so as to not spawn a repeat of 1986 $10 oil.