2009 Oil Price Thread

[Viper GTS]

Originally posted by: Skoorb

Clearly, the market has no idea what oil is really worth, up hard, down hard, hehe

Isn't that the truth.

I'm not short-sighted enough to wish for $1 gas, but I wish it would make up its mind and just stabilize. $2 gas seems reasonable to me, but the whiplash movements are getting old.

Viper GTS

 

[alien42]

$28 to $30 is still my current target for oil this year before a longer term rebound, if that happens gas should get closer to a dollar.

 

[zephyrprime]

As this Great Recession unfolds this year, I expect oil to fall. There will be lots of volatility of course.

 

[Firebot]

Originally posted by: zephyrprime
As this Great Recession unfolds this year, I expect oil to fall. There will be lots of volatility of course.

Sorry, elections over. 200$ here we come.

 

[alien42]

Originally posted by: Firebot

Originally posted by: zephyrprime
As this Great Recession unfolds this year, I expect oil to fall. There will be lots of volatility of course.

Sorry, elections over. 200$ here we come.

supplies are rising and demand is falling. you will have your $200 oil but it will be a year or few.

 

[Firebot]

Originally posted by: alien42

Originally posted by: Firebot

Originally posted by: zephyrprime
As this Great Recession unfolds this year, I expect oil to fall. There will be lots of volatility of course.

Sorry, elections over. 200$ here we come.

supplies are rising and demand is falling. you will have your $200 oil but it will be a year or few.

Not according to our local oil visionary.

 

[BarneyFife]

We don't need $200 oil. With $44 oil at $2 per gallon, all we need is oil to be in the $80's to get $4.

 

[Capt Caveman]

Originally posted by: BarneyFife
We don't need $200 oil. With $44 oil at $2 per gallon, all we need is oil to be in the $80's to get $4.

:laugh:

 

[Capt Caveman]

Oil steady below $43 after plunging on US report

 

[alien42]

oil is on the verge of dipping back to the $30s

 

[bananapeel42]

Looks like the holiday hike is going back down down. Prices did spike I'll admit, in the DFW area we were roughly at 1.39 and spiked to 1.59, pretty bad actually.

 

[alien42]

Originally posted by: alien42
oil is on the verge of dipping back to the $30s

"Oil falls over $1 to below $40

U.S. light crude for February delivery was off 95 cents to $39.88 by 0642 GMT (1:42 a.m. EST), having earlier fallen by as much as $1.07. London Brent crude fell 32 cents to $44.10."

http://www.reuters.com/article.../idUSTRE49B3Y620090112

 

[Fear No Evil]

I think I am going to buy a barrel of crude. Just to say I have it. Just stack that bad boy in the garage and when people ask me whats in the barrel.. I can just say 'Black Gold'.

 

[blackangst1]

Oil tumbles

COLUMBUS, Ohio ? Oil prices tumbled Wednesday as new government reports show crude inventories continuing to build, suggesting that demand for oil and gasoline will not rebound anytime soon.

Light, sweet crude for February delivery fell more than 4 percent, or $1.56 per barrel, to $36.22 a barrel on the New York Mercantile Exchange after trading as high as $39.45.



$200 is coming!

 

[Saga]

Originally posted by: BarneyFife
We don't need $200 oil. With $44 oil at $2 per gallon, all we need is oil to be in the $80's to get $4.

No shit. We sure are a bunch of suckers, aren't we?

 

[dmcowen674]

Running out of places to store all the excess oil.

1-15-2009 Crude prices tumble below $34

NEW YORK ? Oil prices tumbled below $34 Thursday, closing in on five-year lows as employment claims rose and OPEC cut demand expectations for 2009.

"The bull oil era is officially over," said Phil Flynn, an analyst at Alaron Trading Corp.

Light, sweet crude for February delivery fell more than 10 percent, or $3.87, to $33.41 a barrel Thursday on the New York Mercantile Exchange. At one point prices fell as low as $33.20.

There is so much crude building up in storage tanks, prices are falling because there are fewer places to put it.

Flynn said crude prices should jump as trading moves to the higher March contract because that crude does not have to be delivered for more than a month.

 

[dmcowen674]

I can't find the seperate Gas thread that was created after my oil/gas thread was locked.

Gas prices continue to rise:

1-15-2009 Louisville gas prices higher

Gas prices in the Louisville area rose as high as $1.96 today, according to drivers posting prices at courier-journal.com/gas.

Prices were higher despite a fall in crude oil prices. Oil was trading for $33.84 per barrel, down $3.44, on the New York Mercantile Exchange at midday.

 

[blackangst1]

Originally posted by: dmcowen674
Running out of places to store all the excess oil.

1-15-2009 Crude prices tumble below $34

NEW YORK ? Oil prices tumbled below $34 Thursday, closing in on five-year lows as employment claims rose and OPEC cut demand expectations for 2009.

"The bull oil era is officially over," said Phil Flynn, an analyst at Alaron Trading Corp.

Light, sweet crude for February delivery fell more than 10 percent, or $3.87, to $33.41 a barrel Thursday on the New York Mercantile Exchange. At one point prices fell as low as $33.20.

There is so much crude building up in storage tanks, prices are falling because there are fewer places to put it.

Flynn said crude prices should jump as trading moves to the higher March contract because that crude does not have to be delivered for more than a month.

Holy shit supply/demand in full effect!

 

[dmcowen674]

Originally posted by: blackangst1

Originally posted by: dmcowen674
Running out of places to store all the excess oil.

1-15-2009 Crude prices tumble below $34

NEW YORK ? Oil prices tumbled below $34 Thursday, closing in on five-year lows as employment claims rose and OPEC cut demand expectations for 2009.

"The bull oil era is officially over," said Phil Flynn, an analyst at Alaron Trading Corp.

Light, sweet crude for February delivery fell more than 10 percent, or $3.87, to $33.41 a barrel Thursday on the New York Mercantile Exchange. At one point prices fell as low as $33.20.

There is so much crude building up in storage tanks, prices are falling because there are fewer places to put it.

Flynn said crude prices should jump as trading moves to the higher March contract because that crude does not have to be delivered for more than a month.

Holy shit supply/demand in full effect!

^^^ Epic Fail ^^^^

Proof links?

 

[StageLeft]

Originally posted by: dmcowen674
I can't find the seperate Gas thread that was created after my oil/gas thread was locked.

Gas prices continue to rise:

1-15-2009 Louisville gas prices higher

Gas prices in the Louisville area rose as high as $1.96 today, according to drivers posting prices at courier-journal.com/gas.

Prices were higher despite a fall in crude oil prices. Oil was trading for $33.84 per barrel, down $3.44, on the New York Mercantile Exchange at midday.

There is a lag between crude and gas prices. You've been told this before. Oil was up around $50 very recently so gasoline is following it up now due to the supply chain. With oil down now near its bottoms in the past few years again gasoline prices will continue to drop at the pump. This is obvious to everybody (almost). In fact, I was going to fill up today and thought I have a few more days of gas I know that it will be lower then than it is today (it will be).

 

[blackangst1]

Originally posted by: dmcowen674

Originally posted by: blackangst1

Originally posted by: dmcowen674
Running out of places to store all the excess oil.

1-15-2009 Crude prices tumble below $34

NEW YORK ? Oil prices tumbled below $34 Thursday, closing in on five-year lows as employment claims rose and OPEC cut demand expectations for 2009.

"The bull oil era is officially over," said Phil Flynn, an analyst at Alaron Trading Corp.

Light, sweet crude for February delivery fell more than 10 percent, or $3.87, to $33.41 a barrel Thursday on the New York Mercantile Exchange. At one point prices fell as low as $33.20.

There is so much crude building up in storage tanks, prices are falling because there are fewer places to put it.

Flynn said crude prices should jump as trading moves to the higher March contract because that crude does not have to be delivered for more than a month.

Holy shit supply/demand in full effect!

^^^ Epic Fail ^^^^

Proof links?

Your own, buffoon.

 

[dmcowen674]

Originally posted by: blackangst1

Originally posted by: dmcowen674

Originally posted by: blackangst1

Originally posted by: dmcowen674
Running out of places to store all the excess oil.

1-15-2009 Crude prices tumble below $34

NEW YORK ? Oil prices tumbled below $34 Thursday, closing in on five-year lows as employment claims rose and OPEC cut demand expectations for 2009.

"The bull oil era is officially over," said Phil Flynn, an analyst at Alaron Trading Corp.

Light, sweet crude for February delivery fell more than 10 percent, or $3.87, to $33.41 a barrel Thursday on the New York Mercantile Exchange. At one point prices fell as low as $33.20.

There is so much crude building up in storage tanks, prices are falling because there are fewer places to put it.

Flynn said crude prices should jump as trading moves to the higher March contract because that crude does not have to be delivered for more than a month.

Holy shit supply/demand in full effect!

^^^ Epic Fail ^^^^

Proof links?

Your own, buffoon.

404 No supply & Demand issue found

 

[BarneyFife]

Originally posted by: Skoorb

Originally posted by: dmcowen674
I can't find the seperate Gas thread that was created after my oil/gas thread was locked.

Gas prices continue to rise:

1-15-2009 Louisville gas prices higher

Gas prices in the Louisville area rose as high as $1.96 today, according to drivers posting prices at courier-journal.com/gas.

Prices were higher despite a fall in crude oil prices. Oil was trading for $33.84 per barrel, down $3.44, on the New York Mercantile Exchange at midday.

There is a lag between crude and gas prices. You've been told this before. Oil was up around $50 very recently so gasoline is following it up now due to the supply chain. With oil down now near its bottoms in the past few years again gasoline prices will continue to drop at the pump. This is obvious to everybody (almost). In fact, I was going to fill up today and thought I have a few more days of gas I know that it will be lower then than it is today (it will be).

Do you realize you paid $4 gallon when it was $145 barrel and now you're paying $2 when its $40 barrel. Does the math make sense? You are talking out of your ass on this.

 

[dmcowen674]

Originally posted by: BarneyFife

Originally posted by: Skoorb

There is a lag between crude and gas prices. You've been told this before. Oil was up around $50 very recently so gasoline is following it up now due to the supply chain. With oil down now near its bottoms in the past few years again gasoline prices will continue to drop at the pump. This is obvious to everybody (almost). In fact, I was going to fill up today and thought I have a few more days of gas I know that it will be lower then than it is today (it will be).

Do you realize you paid $4 gallon when it was $145 barrel and now you're paying $2 when its $40 barrel. Does the math make sense?

You are talking out of your ass on this.[/quote]

:laugh:

 

[alien42]

Originally posted by: BarneyFife

Originally posted by: Skoorb

Originally posted by: dmcowen674
I can't find the seperate Gas thread that was created after my oil/gas thread was locked.

Gas prices continue to rise:

1-15-2009 Louisville gas prices higher

Gas prices in the Louisville area rose as high as $1.96 today, according to drivers posting prices at courier-journal.com/gas.

Prices were higher despite a fall in crude oil prices. Oil was trading for $33.84 per barrel, down $3.44, on the New York Mercantile Exchange at midday.

There is a lag between crude and gas prices. You've been told this before. Oil was up around $50 very recently so gasoline is following it up now due to the supply chain. With oil down now near its bottoms in the past few years again gasoline prices will continue to drop at the pump. This is obvious to everybody (almost). In fact, I was going to fill up today and thought I have a few more days of gas I know that it will be lower then than it is today (it will be).

Do you realize you paid $4 gallon when it was $145 barrel and now you're paying $2 when its $40 barrel. Does the math make sense? You are talking out of your ass on this.

and then there is reality which can be seen in a nice little one year chart based on factual numbers...

http://www.wtrg.com/daily/oilandgasspot.html