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PeakOil is You

PeakOil is You

Crude price record ($ 147.27) pt 2

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

Re: Another Record ($147.27) (crude oil prices)

Postby Voice_du_More » Thu 19 Mar 2009, 15:59:25

Get ready to welcome back $70 soon as well, and then get ready to see accelerated unemployment as companies have to downsize further under the weight of higher energy prices(again (sigh).)

The goose is cooked ladies and gentlemen, and now we have a whole bunch of self-righteous individuals starting to make judgments about the lives of others. The fear is starting to become palpable though still unspoken mostly. Before it's over people will be expiring because of fear, hiding in their houses with the lights out hoping nobody thinks there is anything of value inside.

And why? What sins have we committed to deserve this great calamity!

The Fed buying our debt now is like paying a dollar for a dime.

...and the horsement continue to ride.
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Re: Another Record ($147.27) (crude oil prices)

Postby threadbear » Thu 19 Mar 2009, 17:55:24

Dollar weakening. Flight into commodities. Inflationary expectations, following directly on the heels of deflationary certainty. Bi-flation. Price of credit sensitive items will continue to drop. Price of everything else, up, up and away!!!

The fed is going to have to turn around and hike interest rates sky high in a few years to rein it in.
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Re: Another Record ($147.27) (crude oil prices)

Postby Revi » Thu 19 Mar 2009, 20:31:30

The fed is creating a new bubble to replace all the others that have popped. This time it's the dollar itself. Anyone want to guess when it pops? I think it will lead to another run up in gas and oil prices, but I could be wrong. I don't think it will hit the highs of last summer.

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Re: Another Record ($147.27) (crude oil prices)

Postby AirlinePilot » Fri 20 Mar 2009, 01:13:07

$this->bbcode_second_pass_quote('threadbear', 'D')ollar weakening. Flight into commodities. Inflationary expectations, following directly on the heels of deflationary certainty. Bi-flation. Price of credit sensitive items will continue to drop. Price of everything else, up, up and away!!!

The fed is going to have to turn around and hike interest rates sky high in a few years to rein it in.


I dont think they are even going to get the chance thread. That implies there is a way out some where down the road. Presently I see a rapid failure of the dollar as a reserve currency. Complete failure of T auctions and a collapse of government due to massive budget cuts within the next 12 months. After that we cease to exist in our present form.
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Re: Another Record ($147.27) (crude oil prices)

Postby TheAntiDoomer » Fri 20 Mar 2009, 08:32:47

$this->bbcode_second_pass_quote('AirlinePilot', '')$this->bbcode_second_pass_quote('threadbear', 'D')ollar weakening. Flight into commodities. Inflationary expectations, following directly on the heels of deflationary certainty. Bi-flation. Price of credit sensitive items will continue to drop. Price of everything else, up, up and away!!!

The fed is going to have to turn around and hike interest rates sky high in a few years to rein it in.


I dont think they are even going to get the chance thread. That implies there is a way out some where down the road. Presently I see a rapid failure of the dollar as a reserve currency. Complete failure of T auctions and a collapse of government due to massive budget cuts within the next 12 months. After that we cease to exist in our present form.


Definitly saving this thread to bring back next year. :lol: [smilie=evil5.gif] [smilie=new_rainfro.gif]
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Re: Another Record ($147.27) (crude oil prices)

Postby AirlinePilot » Fri 20 Mar 2009, 10:40:32

With all honesty I truly hope your right Anti. Seriously. It just looks to me that the government is going down some wrong path with blinders on in a vain effort to continue BAU. Everything they have done to date has unintended consequences with greater impact than the plan was supposed to fix. At some point the rest of the world isnt going to go along. I guess it all depends on how much the system can hold together.

I dont think actions like what the .gov did Wed. are indicative of everything "being ok".

I'll be happy to come back and eat crow and admit I was wrong. :oops:
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Re: Another Record ($147.27) (crude oil prices)

Postby TheDude » Fri 20 Mar 2009, 11:18:27

$this->bbcode_second_pass_quote('threadbear', 'P')rice of everything else, up, up and away!!!


In my beautiful balloon.

$this->bbcode_second_pass_quote('', 'T')he world's a nicer place in my beautiful balloon
It wears a nicer face in my beautiful balloon
We can sing a song and sail along the silver sky
For we can fly we can fly
Up, up and away


You go, crude price!

I agree with this commentator that the really flashy economic 9/11 phase is over with, has been for a while in fact. Now we get to deal with Wall St. equivalents of the Patriot Act:

$this->bbcode_second_pass_quote('', 'T')here are two parts to this. One is that we have arrived at the first fatigue. The heart-pumping drama of last September is gone, replaced by the drip-drip-drip of pink slips, foreclosures and closed stores. We are tired. It doesn't feel like 1929, but 1930. People are in a kind of suspended alarm, waiting for the future to unspool and not expecting it to unspool happily. Two, the economy isn't the only reason for our unease. There's more to it.


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Re: Another Record ($147.27) (crude oil prices)

Postby TWilliam » Fri 20 Mar 2009, 12:20:32

$this->bbcode_second_pass_quote('AirlinePilot', 'W')ith all honesty I truly hope your right Anti. Seriously. It just looks to me that the government is going down some wrong path with blinders on in a vain effort to continue BAU. Everything they have done to date has unintended consequences with greater impact than the plan was supposed to fix. At some point the rest of the world isnt going to go along. I guess it all depends on how much the system can hold together.

I dont think actions like what the .gov did Wed. are indicative of everything "being ok".

I'll be happy to come back and eat crow and admit I was wrong. :oops:

I think you're the one more likely to be right AP, unfortunately (tho' your timeline might be a bit short). Anyone here with any kind of engineering background should understand what happens if you try to regulate a machine using only positive feedback. If they don't have such a background, then they should find someone who does and ask them...
"It means buckle your seatbelt, Dorothy, because Kansas? Is goin' bye-bye... "
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Re: Another Record ($147.27) (crude oil prices)

Postby lowem » Sat 21 Mar 2009, 03:08:07

$this->bbcode_second_pass_quote('Voice_du_More', 'G')et ready to welcome back $70 soon as well, and then get ready to see accelerated unemployment as companies have to downsize further under the weight of higher energy prices(again (sigh).)


$70 would be just warm-up if the crude price follows through with the 50/200-dma thing.

It would be interesting if we see a longer-term massive double-top at $150, crash, reverse, rinse and repeat for the next few years. That would make a pretty good "undulating plateau".
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Re: Another Record ($147.27) (crude oil prices)

Postby AirlinePilot » Sat 21 Mar 2009, 18:26:31

$this->bbcode_second_pass_quote('lowem', 'I')t would be interesting if we see a longer-term massive double-top at $150, crash, reverse, rinse and repeat for the next few years. That would make a pretty good "undulating plateau".


Interesting yes, but also a way to make a lot of money buying the dips and selling the spikes. Ive done one already, waiting on the next!!!!!
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Re: Another Record ($147.27) (crude oil prices)

Postby yesplease » Sat 21 Mar 2009, 18:30:06

$this->bbcode_second_pass_quote('AirlinePilot', 'I') dont think they are even going to get the chance thread. That implies there is a way out some where down the road. Presently I see a rapid failure of the dollar as a reserve currency. Complete failure of T auctions and a collapse of government due to massive budget cuts within the next 12 months. After that we cease to exist in our present form.
QFP! We'll see in 12 months whether or not the government collapses.
$this->bbcode_second_pass_quote('Professor Membrane', ' ')Not now son, I'm making ... TOAST!
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Re: Another Record ($147.27) (crude oil prices)

Postby lowem » Thu 02 Apr 2009, 19:15:12

That was a quick trip under $50, now we're back over $52.
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Re: Another Record ($147.27) (crude oil prices)

Postby bodigami » Fri 01 May 2009, 21:42:52

$this->bbcode_second_pass_quote('lowem', 'T')hat was a quick trip under $50, now we're back over $52.


one month more, $1 more...
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Re: Another Record ($147.27) (crude oil prices)

Postby Voice_du_More » Sat 02 May 2009, 17:15:13

Well the jump is probably due to the rise in consumer confidence. Anything that hints demand will pick up will send oil up. Fortunately for us we are in a deep recession (although exacerbated by last years high prices.) So, my thoughts are,...there is potential here in may to see $60. There is also potential to see $90 in the fall for a few reasons not all of which make sense. The one I have been considering most is that Americans are tired of feeling blue and they are going to go out this summer and give it one more for the gipper. As soon as that confidence number comes up $70 will be close at hand. Then will come a difficult realization, it will be hard to see. Prices will continue to rise even though we will hear reports that supply is increasing. This will happen because the insiders know that either supply is not increasing or there is a real expectation of scarcity within a short amount of time. Trying to keep the lid on peak oil is going to require a true international effort and mechanism, it will require a new world order, and there are alot of people who think the time is right. They will squeeze America harder, reshaping it as much as possible into the European image, but then it will break under the strain.

Another odd issue that does play into this all is the swine fu? Since when does 1000 cases in a country of 125 million cause the government to shut down? Something about it all just does not fit the reports. One thing you do get from it though is a way to test whether the whole world can be called to attention by a public service alert ladder, just as the US was trained under the terror alerts.

That of course is pure speculation so don't give it any credence. I just know that when I looked at the msnbc 15 pictures of the week at least five of them showed police in riot gear somewhere in the world dragging away bloodied 'citizens.'

The media blitz is on for sure, the psyop is in full swing, but the underlying transformation and it's causes are still evident if you look closely. And we have'nt gotten to the amazing part yet. The New World Order in all it's pomp will be birthed before the eyes of the world by 2012. At which point there will be many 'alerts' that we all must obey. I recall a quote from a film,

'A last alliance of men and elves...'

But it is never so dark as that is it? The meek and the righteous have at their side the King of kings.

'It is not in the power of the steward to deny the return of the King.'
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Re: Another Record ($147.27) (crude oil prices)

Postby lowem » Sun 03 May 2009, 21:54:35

$this->bbcode_second_pass_quote('bodigami', 'o')ne month more, $1 more...


The charts have become so flat in the past couple months that a $1 movement is notable.
Not that long ago, we had been looking at $5, $10 moves in a day or two.
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Re: Another Record ($147.27) (crude oil prices)

Postby bodigami » Mon 04 May 2009, 16:10:32

$this->bbcode_second_pass_quote('Voice_du_More', '(')...)
That of course is pure speculation so don't give it any credence. I just know that when I looked at the msnbc 15 pictures of the week at least five of them showed police in riot gear somewhere in the world dragging away bloodied 'citizens.'
(...)


they are no citizens, they are consumers now... and soon to be components, all hail the machine! :roll:
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Re: Another Record ($147.27) (crude oil prices)

Postby frankthetank » Wed 06 May 2009, 09:58:44

Above $55 now.. I think this rally will have some hold... Gasoline finally jumped yesterday after weeks of sitting at $2.10...
lawns should be outlawed.
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Re: Another Record ($147.27) (crude oil prices)

Postby vision-master » Wed 06 May 2009, 10:09:06

$this->bbcode_second_pass_quote('frankthetank', 'A')bove $55 now.. I think this rally will have some hold... Gasoline finally jumped yesterday after weeks of sitting at $2.10...



$2.19 gal here now. :P

Will it hit $2.30 by opening fishing - next weekend?
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Re: Another Record ($147.27) (crude oil prices)

Postby lowem » Wed 06 May 2009, 11:20:09

$this->bbcode_second_pass_quote('frankthetank', 'A')bove $55 now.. I think this rally will have some hold... Gasoline finally jumped yesterday after weeks of sitting at $2.10...


Been watching for that. $55 has been resistance for past couple of months.
Like watching paint dry, but then paint would've been dry already by now.

If it holds above $55, next stop is $60 and the proverbial races, to be confirmed with a 50/200-dma crossover.
If $55 doesn't hold, then we're back to the same ol' holding pattern.
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Re: Another Record ($147.27) (crude oil prices)

Postby threadbear » Wed 06 May 2009, 11:31:28

Money is flowing out of treasuries and into commodities. It's that simple. Watch the dollar weaken as prices for anything other than deflated assets, rise. But be careful here. There's a different administration controlling things now, one that WILL crack down on the ICE, the energy desks at major banks, and other agencies that game the energy markets too high.

Anything over 70.00 is going to set off alarm bells and get the pols involved. Like it or not.
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