[bodigami]

*sigh* the new record is still below $140... wtf? is $120 the new "floor"? ...this month I just sense a tension, building up... in the World... and oil markets are quite tight... I just wonder in which month will we see $160? Will we see $200 this year?

[idiom]

What happens to the price when a critical mass of traders realise the long term implications of Peak Oil?

At the moment they are in a 'oh it fundamentals'. The message is not yet making the rounds that the fundamentals are unfixable.

[eXpat]

$this->bbcode_second_pass_quote('zensui', '*')sigh* the new record is still below $140... wtf? is $120 the new "floor"? ...this month I just sense a tension, building up... in the World... and oil markets are quite tight... I just wonder in which month will we see $160? Will we see $200 this year?

[eXpat]

$this->bbcode_second_pass_quote('idiom', 'W')hat happens to the price when a critical mass of traders realise the long term implications of Peak Oil?
...

[lowem]

$this->bbcode_second_pass_quote('eXpat', '')$this->bbcode_second_pass_quote('zensui', '*')sigh* the new record is still below $140... wtf? is $120 the new "floor"? ...this month I just sense a tension, building up... in the World... and oil markets are quite tight... I just wonder in which month will we see $160? Will we see $200 this year?

[3rensho]

200 before year end.

[Revi]

Please let it dip down around $100, so I can buy my heating oil. Then it can go up over $200 or whatever...

Seriously, it looks like it wants to stay up around $130 nowadays. It may retreat a little, but I can't see it going below $100.

Oil is a bargain at $100.

[charliehelyes]

$130 does seem to be the new floor the price is going back up from the $130.85 low of yesterday

[charliehelyes]

oil is back up $133.62 the big correction didnt happen

[sjn]

$this->bbcode_second_pass_quote('Revi', 'P')lease let it dip down around $100, so I can buy my heating oil. Then it can go up over $200 or whatever...

Seriously, it looks like it wants to stay up around $130 nowadays. It may retreat a little, but I can't see it going below $100.

Oil is a bargain at $100.

[olekriri]

I think $80 is the absolute low point now, even with a serious recession. I think prices will stabilize for some years at $150-$200.

[vision-master]

$this->bbcode_second_pass_quote('olekriri', 'I') think $80 is the absolute low point now, even with a serious recession. I think prices will stabilize for some years at $150-$200.

[bodigami]

$this->bbcode_second_pass_quote('vision-master', '')$this->bbcode_second_pass_quote('olekriri', 'I') think $80 is the absolute low point now, even with a serious recession. I think prices will stabilize for some years at $150-$200.

[dohboi]

olekriri, look up the term hyperbolic. That is what kind of a growth curve in prices we are in. That doesn't mean there won't be some wild fluctuations over short time-frames. But up, increasingly straight up, is the only place that oil prices are going from now on over any kind of time-frame beyond a few weeks.

Stability of any sort at any level is not in the cards. You're working on pre-peak models and assumptions, and those no longer work in this post-peak, beyond-the-looking-glass world.

[Doly]

$this->bbcode_second_pass_quote('dohboi', 'o')lekriri, look up the term hyperbolic. That is what kind of a growth curve in prices we are in.

[dohboi]

Doly, do you have a link for that study. I'd like to see it.

Whale oil is, of course, different from petroleum oil because it was not the basis of society (mostly used for lamps) and it was replaceable.

There is no readily available pool of trillions of gallons of liquid fuel with the ease of extraction and the energy density of oil. And everything from the food we eat to the computer we type on depends crucially on oil.

We have been in the exponential-growth stage (for crude oil) since about 2000. This stage has not lead to any serious efforts to convert to new sources of energy nor to greatly increase efficiency or decrease use.

We seem to have entered the hyperbolic-growth stage now, with multiple feedbacks ever accelerating the rate of increase. It is likely too late to create a new system to replace the old oil-based one.

Since 2000 prices have about doubled every two years. Now they have doubled just in the last year. If the time period for doubling keeps shrinking, we are into some kind of nasty hyperbolic curve, not the relatively gentle (but still vicious over time) exponential one.

[Starvid]

$this->bbcode_second_pass_quote('Revi', 'P')lease let it dip down around $100, so I can buy my heating oil. Then it can go up over $200 or whatever...

Seriously, it looks like it wants to stay up around $130 nowadays. It may retreat a little, but I can't see it going below $100.

Oil is a bargain at $100.

[GHD]

I predict that the price will keep close to the number of pages in this topic.

[peak]

$this->bbcode_second_pass_quote('GHD', 'I') predict that the price will keep close to the number of pages in this topic.

[charliehelyes]

when is oil next going to be traded?