[jupiters_release]

according to KD. Market Ticker Link.

Not factoring in oil depletion either! Here today gone tomorrow? K'nell

[Southpaw]

The only way we gonna see 300$ oil is either by hyperinflation or by some miracle that the world economy can continue business as usual.

personally i think we gonna experience the worst Obscentity deleted/ 10 years in a long time and by then hopefully they find an alternative that actually is real unlike gas fart oily's crap alternatives.

40$ oil is more likely then 300$ at this moment tbh i don't know how much longer they can continue talking about green shoots but when markets collapse again oil prices will follow

[vision-master]

$this->bbcode_second_pass_quote('Southpaw', 'T')he only way we gonna see 300$ oil is either by hyperinflation or by some miracle that the world economy can continue business as usual.
personally i think we gonna experience the worst shittiest 10 years in a long time and by then hopefully they find an alternative that actually is real unlike gas fart oily's crap alternatives.
40$ oil is more likely then 300$ at this moment tbh i don't know how much longer they can continue talking about green shoots but when markets collapse again oil prices will follow

[sjn]

$this->bbcode_second_pass_quote('vision-master', '')$this->bbcode_second_pass_quote('Southpaw', 'T')he only way we gonna see 300$ oil is either by hyperinflation or by some miracle that the world economy can continue business as usual. personally i think we gonna experience the worst shittiest 10 years in a long time and by then hopefully they find an alternative that actually is real unlike gas fart oily's crap alternatives. 40$ oil is more likely then 300$ at this moment tbh i don't know how much longer they can continue talking about green shoots but when markets collapse again oil prices will follow

[lowem]

Crude oil did touch $75 exactly yesterday. Sounds familiar? Echoes of $100 oil where a guy went out and bought a $100.00 contract for fun and well, not profit, he made a bit of a loss playing around like that. Of course it could have been a bot this time which couldn't care less.

$300 is a bit far-fetched for the moment, barring a black swan or instant hyperinflation.
Wouldn't be too surprised by a break above $75 on its way to $100 though.

Many, many resistance levels have to fall before we get within striking distance of $300

[sjn]

$this->bbcode_second_pass_quote('lowem', 'C')rude oil did touch $75 exactly yesterday. Sounds familiar? Echoes of $100 oil where a guy went out and bought a $100.00 contract for fun and well, not profit, he made a bit of a loss playing around like that. Of course it could have been a bot this time which couldn't care less.

$300 is a bit far-fetched for the moment, barring a black swan or instant hyperinflation.
Wouldn't be too surprised by a break above $75 on its way to $100 though.

Many, many resistance levels have to fall before we get within striking distance of $300

[DantesPeak]

$this->bbcode_second_pass_quote('sjn', 'T')his is something the extreme deflationists need to wake up to. The real price of energy is not dependent on the supply of credit but on the cost of marginal net energy. This can potentially be infinite if net energy growth is impossible (within the current infrastructural framework), meaning any available liquidity (central bank money injections) will eventually go directly towards increasing the price, pushing it up the curve to infinity. This doesn't mean downward moves are impossible,. and it is in nominal terms, it's bound to be volatile especially as classes of consumers are priced out together causing sudden drops in demand, but it does mean as time goes on less must be demanded, and this can only be achieved by higher prices in real terms. It also means the deflationists can be correct in general (printing money doesn't make things more affordable), but wrong in specificity (energy prices will rise), in particular those that advocate "liquidity injection/QE" as a remedy to deflation.

[ian807]

In 1997, oil was $12 a barrel. Anyone who predicted $147 a barrel in 2008 would have been considered a crazy doomer. Even $70 a barrel would have been laughed at.

Those darned crazy peak oilers. What will they think of next?

[patience]

To clarify, I think Karl Denninger was saying that $300 was in the event of a US currency failure, which he seems to deem more and more likely, as we go further with our present policies.

The US dollar doesn't look to me to have anything but momentum and air between it and collapse.

[Novus]

$300 oil is rather impossible because the economy would collapse and kill demand before it got that high.

[pup55]

$this->bbcode_second_pass_quote('', 'M')any, many resistance levels have to fall