[TreeFarmer]

$this->bbcode_second_pass_quote('Cashmere', 'R')eminds me of the time I was in a bank and the Teller saw my 6 figure checking account number and asked me if I would like to see a "financial advisor" about investing the money.

So I look over and the "financial advisor" is sitting on the edge of a cube farm.

[Serial_Worrier]

Whatever happened to $300bbl will leave the economy in smoldering ruins?

[mefistofeles]

Oil prices are so high now that a $5 movement is just like $1 movement a few years ago.

Besides even if prices stay at this level inevitably consumption would rise.

The only thing that will even keep energy consumption at current levels is rising prices, that's assuming flat resource production.

[heroineworshipper]

It'll drop all the way down to $200, after the rise to $235.

[Cashmere]

Like I've said campers, don't let the jittery drops fool you . . .

The only way out is up, and everybody who understands the issues understands that conclusion.

[VMarcHart]

$this->bbcode_second_pass_quote('TreeFarmer', '')$this->bbcode_second_pass_quote('Cashmere', 'R')eminds me of the time I was in a bank and the Teller saw my 6 figure checking account number and asked me if I would like to see a "financial advisor" about investing the money. So I look over and the "financial advisor" is sitting on the edge of a cube farm.

[mos6507]

$this->bbcode_second_pass_quote('Peleg', 'C')learly it is heading back to $35 per barrel.

[BigTex]

Ultimately, demand destruction will be in a foot race with production decline rates.

This phenomenon will prove baffling to people who can't understand why prices remain persistently high (or even rise) no matter how much demand destruction takes place.

[NeoPeasant]

$this->bbcode_second_pass_quote('threadbear', '')$this->bbcode_second_pass_quote('NeoPeasant', 'T')hey said of the 1930's depression "A steak dinner cost a dollar, but you didn't have a dollar".
Perhaps they will say of the 2010's depression "A gallon of gas cost a dollar, but you didn't have a dollar."

The price of oil will drop as the consumers lose the ability to continue to pay the current prices.

[Cashmere]

$this->bbcode_second_pass_quote('VMarcHart', '')$this->bbcode_second_pass_quote('TreeFarmer', '')$this->bbcode_second_pass_quote('Cashmere', 'R')eminds me of the time I was in a bank and the Teller saw my 6 figure checking account number and asked me if I would like to see a "financial advisor" about investing the money. So I look over and the "financial advisor" is sitting on the edge of a cube farm.

[BigTex]

The perfect investment advisor would arrive at our meeting on a bicycle with his BOB over his shoulder.

He would say to me: "For the first hour we talk you're going to think I'm crazy. After the second hour you're going to think I'm brilliant. After the third hour you're going to be asking me how much I will sell you this bugout bag for. At the end of the conversation, I won't recommend anything to you, I will simply ask you what the obvious course of action seems to be."

As the meeting ended, he would give me his bugout bag as a gift (which I would snatch and hold closely). I would walk him out and there would be a stretch Prius limousine with a bike rack on the back and his chauffer would be loading his bike onto it.

As he drove away I would look at his business card and see that the only way to contact him would be by HAM radio.

[NoWorries]

It's clearly trending down now.

I predict $120 by August, and $100 by September. Possibly sooner. It will likely settle in the 90-110 range for rest of the year.


The big story will be the worsening economy. I expect things will be much worse by end October.

[VMarcHart]

$this->bbcode_second_pass_quote('Cashmere', 'I')f a man wants to sell himself to me as an expert in investment, then I'd want to see behavior that exemplifies his expertise.

[Blacksmith]

You mean I can take my SUV out of mothballs. Hold on Gertrude here we go!

[TonyPrep]

$this->bbcode_second_pass_quote('NoWorries', 'I')t's clearly trending down now.

[CoachT]

Cashmere Wrote: Reminds me of the time I was in a bank and the Teller saw my 6 figure checking account number and asked me if I would like to see a "financial advisor" about investing the money.
Keep on saving kid. 6 figures will not get you far.

[Mominator]

$this->bbcode_second_pass_quote('CoachT', 'I')f you are invested in oil, don't hold on too long. It will continue to drop. Possibly a large drop this week. By September you need to be out or you will lose big time.

[Mominator]

$this->bbcode_second_pass_quote('CoachT', '[')b]Cashmere Wrote: Reminds me of the time I was in a bank and the Teller saw my 6 figure checking account number and asked me if I would like to see a "financial advisor" about investing the money.
Keep on saving kid. 6 figures will not get you far.

[Cashmere]

$this->bbcode_second_pass_quote('Mominator', '')$this->bbcode_second_pass_quote('CoachT', '[')b]Cashmere Wrote: Reminds me of the time I was in a bank and the Teller saw my 6 figure checking account number and asked me if I would like to see a "financial advisor" about investing the money.
Keep on saving kid. 6 figures will not get you far.

[threadbear]

$this->bbcode_second_pass_quote('Cashmere', '')$this->bbcode_second_pass_quote('Mominator', '')$this->bbcode_second_pass_quote('CoachT', '[')b]Cashmere Wrote: Reminds me of the time I was in a bank and the Teller saw my 6 figure checking account number and asked me if I would like to see a "financial advisor" about investing the money.
Keep on saving kid. 6 figures will not get you far.