[misterno]

http://www.elitetrader.com/vb/showthrea ... did=120322

[steam_cannon]

$this->bbcode_second_pass_quote('', 'W')HY OIL WILL ALWAYS BE LESS THEN $100

[SILENTTODD]

$this->bbcode_second_pass_quote('steam_cannon', '')$this->bbcode_second_pass_quote('', '<')/div>You do know that oil is presently trading over $105?

[misterno]

Speculation is short term

we are talking about long term

Look at the link in the original post and you will see that anyone can buy oil futures at any time for less than 100 bucks. When I say anyitme it is until 2016

So you might believe in peak oil but the market does not believe in it.

When I say market, I mean buyers and sellers and that is what matters.

[FoolYap]

$this->bbcode_second_pass_quote('misterno', 'L')ook at the link in the original post and you will see that anyone can buy oil futures at any time for less than 100 bucks. When I say anyitme it is until 2016

So you might believe in peak oil but the market does not believe in it.

When I say market, I mean buyers and sellers and that is what matters.

[Gandalf_the_White]

Just for the sake of discussion plot the price of all of the futures for one day with the date of the futures contract on the horizontal axis and the price on the vertical. Now go back each month and plot a new curve for the new futures. What you will see is that the shape of the curve hardly ever changes but it also never goes down long term for any future contract. Last year there were futures trading at $40. The futures market is a guess, a bet really about the future the reason it trails off after a cerrtain point is that everyone is forced to admit they really don't know what the price of oil is going to be in the future. Noone want to bet on super high oil 16 months out for alot of reasons, and I doubt it even makes sense to bid above todays price on a contract that is a year out. I mean one serious recession and you could see $80. But let us remind ourselves that when we first hit $70 we have a national average for gas over $3. Supposing some gouging $100 should be spaming us for somewhere over for dollars a gallon nationwide, so far it has not hit. The wake up call is going to come in about a month. What you see in the futures market is not a real expectation of the price in the future it is a hedged bet.

[steam_cannon]

$this->bbcode_second_pass_quote('SILENTTODD', '')$this->bbcode_second_pass_quote('steam_cannon', '')$this->bbcode_second_pass_quote('', '<')/div>You do know that oil is presently trading over $105?

[EnergyUnlimited]

$this->bbcode_second_pass_quote('FoolYap', '')$this->bbcode_second_pass_quote('misterno', 'L')ook at the link in the original post and you will see that anyone can buy oil futures at any time for less than 100 bucks. When I say anyitme it is until 2016

So you might believe in peak oil but the market does not believe in it.

When I say market, I mean buyers and sellers and that is what matters.

[killJOY]

$this->bbcode_second_pass_quote('', 'S')o you might believe in peak oil but the market does not believe in it.

[jato]

$this->bbcode_second_pass_quote('', 'W')HY OIL WILL ALWAYS BE LESS THEN $100

[Heineken]

The quoted exchange on elitetrader.com is pretty stupid.

Horses can replace oil? That's all they could really come up with.

I'd like to see that happen out on the Interstate system, or about anywhere else you care to look.

Sure, it can happen with civilization poking up weeds and about 4 billion fewer people.

In any case, oil is so much more than transportation. Just about everything we have is dependent on it directly or indirectly.

Only a fraction of demand is "elastic."

These guys STILL just don't get it.

[cipi604]

-Knock knock
-Who?
-200$
-Come in!

They don't understand the exponential function.

[yesplease]

$this->bbcode_second_pass_quote('cipi604', '-')Knock knock
-Who?
-200$
-Come in!

They don't understand the exponential function.

[PeakingAroundtheCorner]

$this->bbcode_second_pass_quote('', 'S')o they are going to replace oil with internet

[Shadizar]

Now, what you are doing is wonderfull,and most likely the wave of the future.

Unfortunately most of the U.S. energy use notwithstanding personal transportation, comes from the semis that transport all of the goods we enjoy.

What you do will not save us. It will help though.

-Shadizar

[FoolYap]

$this->bbcode_second_pass_quote('PeakingAroundtheCorner', 'N')ow, I can just hear you saying "but, but, but...EVERYBODY can't work on the Internet." And, to a certain extent you're right. But there are literally THOUSANDS UPON THOUSANDS of jobs that can be done over the Internet by tele-commuting. I would guess that we could probably take 30% of the commuting traffic off America's highways by allowing, wherever practical, employees to stay home to work.

[Heineken]

The problem with Internet-based jobs is that they're mostly not real. They represent the sort of phony work that has replaced real work, a phenomenon made possible by artificial money and the one-time energy bonanza that is now failing.

They represent the sort of jobs that are going to go bye-bye, along with most of the rest of our saccharine society.

[bodigami]

maybe not tele-commuting itself, but there are efficiency reasons to use broadly Information Technologies for economical cooperation. and IMO, it is a factor that reduces the chances of more wars. the Internet must be preserved in some form, and most of its useful applications doesn't require much bandwidth... cuting off videos and streaming may help to add efficiency.

[Aaron]

Dr. Bakhitari was derided for calling $50/bbl oil... until it hit $50.

This website was derided last year for calling $100/bbl oil... until it hit $100.

Want some advice?

Buy oil futures.

[Pixie]

$this->bbcode_second_pass_quote('misterno', 'S')peculation is short term

we are talking about long term

Look at the link in the original post and you will see that anyone can buy oil futures at any time for less than 100 bucks. When I say anyitme it is until 2016

So you might believe in peak oil but the market does not believe in it.

When I say market, I mean buyers and sellers and that is what matters.