How cheap will oil get? - GoFuckYourself.com

bikinihouse · 03-19-2003, 02:27 AM

Once the USA owns Iraq.. how cheap do you think will see oil?

I want 40 cents a litre! I think that's like 80 cents a gallon.

BRISK · 03-19-2003, 02:46 AM

I wouldn't expect to see oil get all that much cheaper, especially since Iraq is a member of OPEC.

It would likely be cheaper than it currently is, but not by a huge amount.

In the long-term, oil will continue to rise in price since oil is being used up faster than it is being discovered. In other words, demand for oil rises every year, but the known reserves (supply) of oil isn't increasing to meet that demand.

marty · 03-19-2003, 02:49 AM

I just hope it stops the prices from yo-yoing like mad.

Some reduction is appreciated though

flashfreak · 03-19-2003, 02:55 AM

cheap as shit

Jay_StandAhead · 03-19-2003, 04:14 AM

Quote:

Originally posted by bikinihouse
Once the USA owns Iraq.. how cheap do you think will see oil?

I want 40 cents a litre! I think that's like 80 cents a gallon.

There's more than 2 litres per gallon. duh

03-19-2003, 02:27 AM	#1
bikinihouse Confirmed User Industry Role: Join Date: Feb 2002 Location: Canada Posts: 843	How cheap will oil get? Once the USA owns Iraq.. how cheap do you think will see oil? I want 40 cents a litre! I think that's like 80 cents a gallon.

03-19-2003, 02:46 AM	#2
BRISK Too lazy to set a custom title Join Date: Feb 2003 Posts: 12,240	I wouldn't expect to see oil get all that much cheaper, especially since Iraq is a member of OPEC. It would likely be cheaper than it currently is, but not by a huge amount. In the long-term, oil will continue to rise in price since oil is being used up faster than it is being discovered. In other words, demand for oil rises every year, but the known reserves (supply) of oil isn't increasing to meet that demand. __________________ I post on GFY so that when people ask me what I do, I can tell them that I work with the mentally retarded.

03-19-2003, 02:55 AM	#4
flashfreak Confirmed User Industry Role: Join Date: Jun 2002 Location: cloud number 9 Posts: 4,396	cheap as shit __________________ SEO Mogul \| ICQ: 163671223

03-19-2003, 02:49 AM	#3
marty Confirmed User Join Date: Feb 2002 Posts: 1,656	I just hope it stops the prices from yo-yoing like mad. Some reduction is appreciated though