[Gazzatrone]

No here's Demand Deconstruction in action.

Gotta keep the wheels of industry turning to smell that green stuff.

Just what we need. Cheaper oil!

[alokin]

with cheaper oil your economy won't recover!

[Ardalla]

So Tony Nunan says in a 'worst case scenario' oil prices could fall to $69. Where did he pull that number from? $69!? In a 'worst case scenario' oil falls to zero because we're either dead or there is no demand at all for whatever reason. Why not just round it off to $70? This 'expert' is so good a mere estimate -- like say $65-$75 -- is beneath him.

I predict in a worst case scenario a hurricane will hit New Jersey with 147 mph winds. How do I know this? Hey, I'm an expert.

[Gazzatrone]

Its strange how often you see these "experts" talking a complete load of bullshit.

Why can't I get that job?

[ChefBoyardee]

$this->bbcode_second_pass_quote('Ardalla', 'S')o Tony Nunan says in a 'worst case scenario' oil prices could fall to $69. Where did he pull that number from? $69!?... Why not just round it off to $70? This 'expert' is so good a mere estimate -- like say $65-$75 -- is beneath him.

[joewp]

The strange thing is, the EIA'a weekly report shows demand for crude increased 1.5% over the same four week period last year. There's no demand destruction going on, demand is increasing. That's probably why oil went up $2.40 to close over $89 again.

[AirlinePilot]

Its actually getting sort of comical. They (the analysts/reporters) have no clue on what to report on how and why the price is moving. From one day to the next they contradict themselves or flat use reasoning 180 degrees out from what they should be saying to explain the moves.

Just today there have been several news bites about energy demand not falling! Opposite of the last few days!!!
All is well!, nothing to see here!!

Bottom line, there is no possible way to predict what is going to happen next week with any certainty. Investing or making moves with this kind of info is like playing Russian Roulette.

It's all part of the grand denial which is just beginning to take hold. No one can still really fathom what declining production means or what its going to look like (except a some of us here!) A few are trying but they still seem to be labeled as being fringe or pessimists.

We shall see. I dont think it will take too long either.