Oil Will Hit $70 to $100 Real Soon
 

Well, oil has hit a new high and is on it's way to $68 a barrel. They say if this new hurricane hits it could go as high as $70.

Mark my words. Oil will hit $100 a barrel easy by Winter. All the bad guys need is one terrorist attempt or natural disaster.

I'm pretty sure that the barrel will indeed reach $100 by Winter...

and if you're wrong?...

Do I get a free tank of gas or what?

Glad someone else around here sees the scam on the horizon. I feel sorry for you guys in Europe. I heard petrol hit $7 a gallon or liter???

Well at least the United States won't have to worry because they're stealing it by the boat load from Iraq, right?

Ja, uh-right.

Iraq ain't the problem. Saudi Arabia and our buttlickin' oil men are. I'm surprised Bin Laden hasn't shown up in Switzerland with a new crop of hotties.

WHAT?

I thought there was a pipeline from Iraq to Cheney's house now.

The problem has nothing to do with supply, as the GFY political police instantly knee-jerk to.

The problem is that refiniery capacity is maxed out, there are literally millions of barrels of oil waiting to be refined, but we don't have the volume to do it because petro companies haven't invested in a new refinery in 22 years.

Saudi Arabia and other OPEC nations recently have begun cutting back daily bpd shipments because there's simply no point. No ability for refineries to process it. Blame the administration all you like, Clinton similarly let the oil companies operate unregulated for nearly a decade. Instead of building up to meet future needs, the petros simply gave the money back to shareholders as dividends in order to spike their share prices higher.

I love capitalism, best system in the world if you're not a lazy fuck, but when it comes to the petro companies it might be time for regulation.

Paid almost $2.80 today.. Shit is killing me :disgust

Warchild, does 'Dream Submitter' really work? Is it worth it? I'll go check it out via your sig.

Mako you're right on target. Can't argue one bit, BUT the refinery situation was propped up by the Saudis and our guys. They knew damn well that no one would stand up because they stood to make a fortune down the road.

Your analysis is dead on beans accurate but there's more to play here.

Now watch what happens after this next hurricane. If it curves back into the gulf and picks up steam and fucks up the oil rigs you'll definitely see an over the $70 price real fast.

You are correct. US oil companies claim that the cost of building new refineries is prohibitive because of EPA and OSHA regulations and costly delays would be prohibitive because of the same. The Saudi's offered to build two new refineries in the US but this was nixed by the powers that be.

Ja, well look at item prices at the supermarkets. The wives will be bitching about it soon.

It really works. I know a number of people that are using it, including myself. I was using Advanced Submitter for a long time, but I have been using DS for over a year now. I would never go back.

Their support will convert your AS database for you, and they'll even walk you through the software in a one on one enviroment. Buy it and you won't be sorry. There's no ref code in my signature, I have nothing to gain if you buy it.

But in our line of business oil prices are not a big problem unless the surfers can't afford signups because their dollars are going into their gas tanks.

Outside of that, I don't ship, receive, except buying a few items over the web that are shipped. So far my budget hasn't been hit at all. For you guys with families and employees I'll listen to your tips at economizing.

Fuckin' A! I know you know what you're talking about so I'm sold. I'll letcha know how it works out! If it boosts the stats I owe ya a free toon. Stand by for the next 30 days of testing.

Sounds good man. Just remember that you get out of your database what you put in to it. Customization, tracking and more customization are the path to more gallery traffic. Feel free to hit me up with any questions you might have. :thumbsup

Funny, I don't remember gas being this high with Clinton in office. Seems very strange that since the "oil president" got in office, oil has done nothing but go up up up. Think about it, the pres and vp aren't worried about being re-elected. They don't give a flying fuck about you and me, they are just gonna let the energy companies fuck america for the next 3 years, then they reap the profits afterwards.

If you think anything else, I have some ocean front property in North Dakota that I would like to sell you at a great price.

Well said Spanky2.

Bottom line is how does it affect business? Are surfers using their cash to survive and not buying memberships?

:1orglaugh :1orglaugh :1orglaugh

Repeat after me:

-All economies are cyclical, sitting Presidents either reap the rewards or suffer the penalties of being in office at the right or wrong time.

-China's middle class is growing in size at a faster rate than the entire United States' population is growing combined. This in turn has led to automobile and truck sales rates exploding at a logrithmic levels in China as families purchase their family's "first" car ever. All of that results in increased demand, particularly of refinieries, which is why we find ourselves at this point.

-Crying like a liberal pussy about how "evil" the administration is won't get you, nor your party anywhere. Clinton wasn't nearly as destructive to the country as the Right would have you believe, and Bush similarly is nowhere close to the demon Lefties insist he is. Think outside the box. It's not black and white.

A liter is about $1.5 here attm... :helpme

The terrorist organization we should be taking over is OPEC.

Who gives a fuck, we're rich as hell over here.

Awesome!!

I saw this coming and got back into oil and gas deals this year.

:pimp

Smart man!

How I wish you were right. :1orglaugh

Ahh! I just saw $3.29 for premium!!!

Don't worry flying capet's on sale.

..and violence and chaos followed. :(

It's only a matter of time..supply and demand ..time to look at hybrids

They will not let gas get that high if it does there will be a real push for alternative fuels. They dont want that, so the price will then go down.

I'm going hybrid on my next car.

The more reasonable media outlets will qualify statements about "record prices". Unfortunately, such disclaimers are usually missed and often missing.

But the reality is that until average pump prices reach $3.12 and a barrel of oil costs almost $87.00, neither pump nor barrel prices are setting new inflation-adjusted records, only nominal ones. The actual inflation-adjusted records were set between January and March 1981.

Another reality is that consumer spending on energy has declined from 9% of the total to only 6% in the past 24 years, although the US does have the dubious distinction of being the only industrialized nation whose motorists have become less energy efficient during this period. The reason is SUV's, 5% of the national fleet in 1990, but over 50% today. If we would switch to more efficient vehicles (a trend Detroit expects to accelerate sharply when pump prices go over $3 a gallon), we could reduce our consumption by 1+ million barrels a day, which should translate into a drop of more than 15% in the barrel price since the US is still by far the world's largest oil buyer.

Refining capacity is an issue and basically, without government handouts to pay for new refineries, the companies concerned are better off as things are. No-one really sees long-term pricing going anywhere but up and if Detroit is right, as prices rise, demand will fall. Comsumption doesn't need to be far below its present level for existing refining capacity (except sometimes during the spring when plants are taken offline for maintenance) to be adequate.

I paid $3.11 a gallon for gas today... thank god i don't have to commute to work

you saw the hurricanes coming at the start of this year? :1orglaugh

good thing I am no longer going to an office, working my ass off at home.

Why is it that republicans think that they have the market cornered on patriotism. It takes more balls to stand up to the bullshit than it takes to get in line and take it.

Look at facts idiot. If everything is cyclical, then every time a republican has been in office the cycle has been down. Strange how that happens.

As for your simple ideas on Bush ruining the country. What else are you gonna call it. He has presided over the largest negative turnaround in our countries history and is making Reagans budget deficit look like a surplus.

Last time I looked, the troops that are getting killed in Iraq aren't all conservatives. Why are republicans so fucking angry at everyone, that they need to start wars. Must be their conservative women they are with. Maybe we need to have our republican leaders date some of our "liberel pussies" that you are talking about, then maybe they wouldn't have all that pent up testoterone.

I believe that the people pulling Bush's strings make him the most dangerous president this country has ever had, but disinformation doesn't serve anyone.

The reality is that the Congressional Budget Office forecast the deficit for the current year will be down $81 billion from last year to $331 billion. Horrendous as that number is, it represents 2.7% of our Gross Domestic Product, less than half the level in 1983 when Reagan was in office. If the forecast for next year proves correct, the deficit will be 2.4% of GDP which compares far better with the average of 1.6% since WW2 than the headlines would ever have you believe.

The fragility of our economy has much less to do with hard numbers, some of which - productivity and growth in particular - are actually very good, than with its vulnerability to factors we cannot control. There is globalization which has a direct effect on (real) employment levels and wages; we have heard the President admit that we can do little about rising oil prices; and it is slowly seeping into our consciousness that the growth of China as an economic force is unlikely to be good news.

The biggest problem any occupant of the White House faces today is how to persuade a dumbed-down public to start to think about these other issues and how to deal with them. Bush and the Republicans have a particular problem in that since their appeal is largely built on flag-waving patriotism, it is especially difficult to admit such vulnerabilities.

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Totally ridiculous. I'm going to get rid of the Mercedes SUV and get a Diesel Jetta if this keeps up.