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PeakOil is You

Oil droping below 100$ ?

General discussions of the systemic, societal and civilisational effects of depletion.

Do you think today is the day we see a return of double didgit oil ?

Yes !!! We will see oil drop below 100$ today !
12
No votes
No !!! Not gonna happen today !
46
No votes
 
Total votes : 58

Re: Oil droping below 100$ ?

Unread postby burtonridr » Tue 02 Sep 2008, 13:17:03

You forgot to add the " No, LOL ROFL thats a hoot!" option :lol:
Tired of high gas prices? [smilie=BangHead.gif] Then stop driving to work, duh..... Learn to Work from home

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Re: Oil droping below 100$ ?

Unread postby JustaGirl » Tue 02 Sep 2008, 13:35:53

No.. I hope it never drops below $100 again. I do feel like an idiot for panicking and filling up all our cars before the hurricane. It seemed logical at the time 8O
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Re: Oil droping below 100$ ?

Unread postby burtonridr » Tue 02 Sep 2008, 13:46:21

$this->bbcode_second_pass_quote('JustaGirl', 'N')o.. I hope it never drops below $100 again. I do feel like an idiot for panicking and filling up all our cars before the hurricane. It seemed logical at the time

I dont, if it had hit as expected I would have extremely grateful.

Prepare for the worst, hope for the best. Its all you can do.
Tired of high gas prices? [smilie=BangHead.gif] Then stop driving to work, duh..... Learn to Work from home

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Re: Oil droping below 100$ ?

Unread postby StuckInPhilly » Tue 02 Sep 2008, 14:55:32

Perhaps not now but in the near future it will drop below $100 just long enough to see an upsurge in Hummers, ATV's and jetskis sales. And then it'll be up, up and away (at least for awhile).
“In the Soviet Union, capitalism triumphed over communism. In this country, capitalism triumphed over democracy.”
[Fran Lebowitz
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Re: Oil droping below 100$ ?

Unread postby Dont_Panic » Tue 02 Sep 2008, 23:21:45

It looks stable at the moment, and I hope it will stay that way.
It's still very high. High enough to be a wake-up call, but not high enough to wreak havoc on the economies short-term.
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Re: Oil droping below 100$ ?

Unread postby VMarcHart » Wed 03 Sep 2008, 13:20:18

Back at the Memorial Day weekend, I was predicting oil would hit $200 by Labor Day.

I guess I need to face up and eat my words.

Am I alone?
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Re: Oil droping below 100$ ?

Unread postby burtonridr » Wed 03 Sep 2008, 13:47:25

$this->bbcode_second_pass_quote('VMarcHart', 'B')ack at the Memorial Day weekend, I was predicting oil would hit $200 by Labor Day. I guess I need to face up and eat my words. Am I alone?

I figured it might be slightly inflated because of speculation... it just happens when you get lots of media attention. However, we all know the low prices wont last, in the end the laws of supply and demand win. :)

BTW I'm pretty sure we will easily break $200 per barrel next summer and $5-6 per gallon of gas. I have a feeling even as we start to sink in production rates, the prices will follow the same seasonal ups and downs. But the swings in price will be more and more volatile.
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Re: Oil droping below 100$ ?

Unread postby benzoil » Wed 03 Sep 2008, 14:13:57

$this->bbcode_second_pass_quote('VMarcHart', 'B')ack at the Memorial Day weekend, I was predicting oil would hit $200 by Labor Day. I guess I need to face up and eat my words. Am I alone?

We got half way there, eh? I think I predicted $100- $125 for year's end, so I'm about $8 bucks from having to eat my words as well. Time will tell. The train wreck is slower motion than everyone thought.
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Re: Oil droping below 100$ ?

Unread postby Maddog78 » Fri 05 Sep 2008, 12:39:57

Looks like it will test the $100 level on the low side this fall.
Maybe depend's on how steadfast OPEC members stick to their quotas. They don't have a good track record so it's looking more like under $100 this fall, imo.
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