$this->bbcode_second_pass_quote('', 'G')ee, Look what the yahoo news brought in today. No need to worry! Mr Frederick P. Leuffer promises me my very own $20 per barrel oil for my bright future. Now, Mr Leuffer would not lie to me, would he?
http://www.nationalreview.com/nrof_leuf ... 300840.asp
$this->bbcode_second_pass_quote('', 'T')he recent retreat in oil prices reflects only a small pinhole in the oil bubble. Fundamentally, oil prices should be in the high $20-a-barrel range today, based on supply/demand economics and current inventory levels. Eventually, the barrel price should decline to the low $20s as oil inventories continue to build. The oil price still reflects about $15 a barrel of speculation.
The oil bubble will indeed burst. The inventory rise will continue, thereby justifying a lower price fundamentally and reducing the fear premium. Production should grow on schedule without major interruptions. The absence of a supply shock should also reduce speculation. Finally, a weakening price will feed on itself.
PeakOil is You
where is my $20 dollar barrel of oil
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where is my $20 dollar barrel of oil
by ohanian » Thu 07 Jul 2005, 03:17:47
Waa! Waa! I want my $20 barrel of oil now!!!!
/* throws a tantrum */
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ohanian - Heavy Crude
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by seb » Thu 07 Jul 2005, 05:25:41
Dear Ohanian,
your $20 barrel has been unfortunately burnt by other people. Do you want another one? We are sorry but next one is just 3 times the price. Order it now on the NYMEX, there are not that much remaining!
Please note that the quality of future barrels can be slighlty down. Please understand that we do our best to satisfy you but no miracle is no longer possible.
your $20 barrel has been unfortunately burnt by other people. Do you want another one? We are sorry but next one is just 3 times the price. Order it now on the NYMEX, there are not that much remaining!
Please note that the quality of future barrels can be slighlty down. Please understand that we do our best to satisfy you but no miracle is no longer possible.
Not mother tongue. Sorry for the mistakes.
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seb - Lignite
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by RiverRat » Thu 07 Jul 2005, 10:10:47
$this->bbcode_second_pass_quote('Tyler_JC', 'H')ey...and what happened to my 10 cent candy bar??
WHAT'S GOING ON HERE?!?!?!?!
WHAT'S GOING ON HERE?!?!?!?!
YEAH ... the cost of my beloved 'Big Red' bubble gum rose 20% overnight.
It was 25 cents ... now it's 30 cents !!!!!!!!!!!!!!!!!!!!
If ...'If's' and 'But's' ... were Candy and Nuts ... we would all be happy and fat !
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by Tyler_JC » Thu 07 Jul 2005, 10:15:01
Seriously RiverRat?
Damn, I should have stocked up!
And those f***ing idiots at the Federal "Reserve" say inflation is 3%! Ha!
Well I guess that might be true if you don't eat, drive, or otherwise use food or energy.
When the crash comes, I suggest burning down the banks.
Damn, I should have stocked up!
And those f***ing idiots at the Federal "Reserve" say inflation is 3%! Ha!
Well I guess that might be true if you don't eat, drive, or otherwise use food or energy.
When the crash comes, I suggest burning down the banks.
"www.peakoil.com is the Myspace of the Apocalypse."
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by sdcoyote » Thu 07 Jul 2005, 17:39:02
I remember reading that - and laughing.
I did go ahead and shoot off an email....
http://www.nationalreview.com/nrof_leuf ... 300840.asp
Dear Mr. Leuffer:
When I read this, I laughed.
I think seven months and $62.00 oil is a good time to examine one’s logic at such prophesies.
China, India, refinery shortages, the Saudi’s backing off predictions of meeting demand, US love affairs with big automobiles, and the never-ending WOT would tend to trump your arguments concerning “fear speculation.”
Respectfully, sir, I seriously doubt that you will see $20.00 oil again in your lifetime.
You, of course, may archive this email and send it back to me in seven months when we are talking about $75.00 oil.
signature
I did go ahead and shoot off an email....
http://www.nationalreview.com/nrof_leuf ... 300840.asp
Dear Mr. Leuffer:
When I read this, I laughed.
I think seven months and $62.00 oil is a good time to examine one’s logic at such prophesies.
China, India, refinery shortages, the Saudi’s backing off predictions of meeting demand, US love affairs with big automobiles, and the never-ending WOT would tend to trump your arguments concerning “fear speculation.”
Respectfully, sir, I seriously doubt that you will see $20.00 oil again in your lifetime.
You, of course, may archive this email and send it back to me in seven months when we are talking about $75.00 oil.
signature
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sdcoyote - Peat
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