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Re: Another Oil price Record

What's on your mind?
General interest discussions, not necessarily related to depletion.
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Re: Another Record ($118.43)

Postby lowem » Tue 22 Apr 2008, 12:28:36

$118.47

That's it, been a long day over here in Singapore, 11.28pm my side. I'm probably going to wake up to yet another overnight record as NYMEX continues its run.
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Re: Another Record ($118.43)

Postby jimmyz » Tue 22 Apr 2008, 12:35:46

18.56
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Re: Another Record ($118.43)

Postby PeakingAroundtheCorner » Tue 22 Apr 2008, 12:45:16

$118.88
Last edited by PeakingAroundtheCorner on Tue 22 Apr 2008, 12:46:54, edited 1 time in total.
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Re: Another Record ($118.43)

Postby HEADER_RACK » Tue 22 Apr 2008, 12:46:52

$this->bbcode_second_pass_quote('PeakingAroundtheCorner', '$')118.85


GO TEAM GO !!!
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Re: Another Record ($118.43)

Postby Sys1 » Tue 22 Apr 2008, 12:47:54

118$ is cheap oil.
Less cheap, but still cheap.

Planes are flying, SUV rolling, heavy bodybuilded guys and Hugely fat women walking in the local Wallmart.
Everything is fine.
Not for long, but fine yet.
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Re: Another Record ($118.43)

Postby idomar » Tue 22 Apr 2008, 12:48:09

119.12
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Re: Another Record ($118.43)

Postby jimmyz » Tue 22 Apr 2008, 12:50:47

19.68 and look at gold
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Re: Another Record ($118.43)

Postby peak » Tue 22 Apr 2008, 12:52:42

This is an incredible oil rally, never thought it would go this high this fast.
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Re: Another Record ($119.22)

Postby Duende » Tue 22 Apr 2008, 13:05:35

What a push!

It's even higher now!

Sys1 wrote:
$this->bbcode_second_pass_quote('', 'H')ugely fat women walking in the local Wallmart.


Yep, business as usual still...

How high does it have to get before that changes??!
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Re: Another Record ($119.22)

Postby whereagles » Tue 22 Apr 2008, 13:10:27

$this->bbcode_second_pass_quote('Duende', 'Y')ep, business as usual still...

How high does it have to get before that changes??!


This has been debated. Most believe that between $300 and $500 we should start seeing some changes. I might venture not much will happen up to a 4 digit oil...
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Re: Another Record ($119.22)

Postby PeakingAroundtheCorner » Tue 22 Apr 2008, 13:15:10

$this->bbcode_second_pass_quote('whereagles', '')$this->bbcode_second_pass_quote('Duende', 'Y')ep, business as usual still...

How high does it have to get before that changes??!


This has been debated. Most believe that between $300 and $500 we should start seeing some changes. I might venture not much will happen up to a 4 digit oil...


I'm beginning to see some demand destruction - namely wayyyy less traffic between the afternoon rush hour and the morning rush hour. But I live in a small city.

I'm thinking the psychological barrier will be $5 per gallon gas. Or when a gallon matches the minimum wage.
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Re: Another Record ($119.22)

Postby PeakingAroundtheCorner » Tue 22 Apr 2008, 13:38:26

$119.85
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Re: Another Record ($119.22)

Postby misterno » Tue 22 Apr 2008, 13:43:15

$this->bbcode_second_pass_quote('PeakingAroundtheCorner', '')$this->bbcode_second_pass_quote('whereagles', '')$this->bbcode_second_pass_quote('Duende', 'Y')ep, business as usual still...

How high does it have to get before that changes??!


This has been debated. Most believe that between $300 and $500 we should start seeing some changes. I might venture not much will happen up to a 4 digit oil...


I'm beginning to see some demand destruction - namely wayyyy less traffic between the afternoon rush hour and the morning rush hour. But I live in a small city.

I'm thinking the psychological barrier will be $5 per gallon gas. Or when a gallon matches the minimum wage.


I am in Houston, TX and I see the same thing. Less traffic in rush hours. More people in bus stops more than ever before that I have seen. Not only disabled or teenagers but mid aged people as well.
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Re: Another Record ($119.22)

Postby PeakingAroundtheCorner » Tue 22 Apr 2008, 13:45:02

$this->bbcode_second_pass_quote('misterno', '')$this->bbcode_second_pass_quote('PeakingAroundtheCorner', '')$this->bbcode_second_pass_quote('whereagles', '')$this->bbcode_second_pass_quote('Duende', 'Y')ep, business as usual still...

How high does it have to get before that changes??!


This has been debated. Most believe that between $300 and $500 we should start seeing some changes. I might venture not much will happen up to a 4 digit oil...


I'm beginning to see some demand destruction - namely wayyyy less traffic between the afternoon rush hour and the morning rush hour. But I live in a small city.

I'm thinking the psychological barrier will be $5 per gallon gas. Or when a gallon matches the minimum wage.


I am in Houston, TX and I see the same thing. Less traffic in rush hours. More people in bus stops more than ever before that I have seen. Not only disabled or teenagers but mid aged people as well.


Houston? Isn't PO just fascinating?!!
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Re: Another Record ($119.22)

Postby idomar » Tue 22 Apr 2008, 14:04:57

$119.92,

will it go over $120 before tomorrow's inventory report?

What if the numbers are crappy?

$125?

$130?
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Re: Another Record ($119.22)

Postby strider3700 » Tue 22 Apr 2008, 15:16:28

This could be run up in expectation of a crappy report. If the numbers tomorrow are good then we could see a real quick drop back
shame on us, doomed from the start
god have mercy on our dirty little hearts
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Re: Another Record ($119.22)

Postby joeltrout » Tue 22 Apr 2008, 15:19:00

$this->bbcode_second_pass_quote('strider3700', 'T')his could be run up in expectation of a crappy report. If the numbers tomorrow are good then we could see a real quick drop back


What if it is NOT an expectation of a crappy report and we actually do get a crappy report? $125+

If it is a good report then I see $108-

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Re: Another Record ($119.22)

Postby strider3700 » Tue 22 Apr 2008, 15:52:38

well if things are worse then expected then you'll see our favorite wednesday activitity of a very fast minor increase in price then a slow and gradual decrease in price followed by an end of day rally to close out about 1% higher then it started.

At least that is what I've noticed on every report day for the last few months.
shame on us, doomed from the start
god have mercy on our dirty little hearts
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Re: Another Record ($119.22)

Postby joeltrout » Tue 22 Apr 2008, 16:00:17

$this->bbcode_second_pass_quote('strider3700', 'w')ell if things are worse then expected then you'll see our favorite wednesday activitity of a very fast minor increase in price then a slow and gradual decrease in price followed by an end of day rally to close out about 1% higher then it started.

At least that is what I've noticed on every report day for the last few months.


I agree except this week we have actually gotten some bad news about several supply disruptions which has been bullish on the price thus far. Another big drop in inventories could scare Wall Street even more.

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Re: Another Record ($119.22)

Postby Novus » Tue 22 Apr 2008, 16:01:14

$this->bbcode_second_pass_quote('idomar', '$')119.92,

will it go over $120 before tomorrow's inventory report?

What if the numbers are crappy?

$125?

$130?


Nothing ever goes straight up. Even if the numbers are crappy expect it to go down. That is just the way markets work. Expect it to go down to $105 to $110 and everyone call it cheap and then we go higher and stay above $120.
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