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Started By
Message
How low does oil go?
Posted on 11/14/08 at 2:46 pm
Posted on 11/14/08 at 2:46 pm
I say $40. OPEC puts the floor under at that price.
Better question how long until it goes back to $100? Largely depends on when the overall economy rebounds, so I say two to three years.
What say you?
Better question how long until it goes back to $100? Largely depends on when the overall economy rebounds, so I say two to three years.
What say you?
6
Posted on 11/14/08 at 2:48 pm to mule74
40- matter of months.
100- possibly never. At least, it will never stabilize there.
100- possibly never. At least, it will never stabilize there.
Posted on 11/14/08 at 2:57 pm to mule74
quote:
OPEC puts the floor under at that price.
I don't think opec can control the price of oil. Opec only controls part of the supply and many opec members love to cheat.
I have no idea what the price will be though. I am somewhat surprised it dropped as fast as it did.
Posted on 11/14/08 at 3:11 pm to MileHigh
Mid 40's, then 40's to 50's for 2 years.
Posted on 11/14/08 at 9:28 pm to TenTex
quote:
Mid 40's, then 40's to 50's for 2 years.
I can deal with that. Tentex, its nice Nashville finally got back under $2. Over the west side it was killing me paying more knowing that Mt Juliet was 20-30 cents cheaper.
Posted on 11/14/08 at 11:01 pm to CAD703X
On West End it's 2.09 as of a few hours ago when I walked by. Not bad considering it was 2.49 like last week.
Posted on 11/14/08 at 11:12 pm to LSUtoOmaha
quote:
On West End it's 2.09 as of a few hours ago when I walked by.
Sweet. Bellevue finally hit $1.99 and $1.95 in a couple of places.
Posted on 11/14/08 at 11:22 pm to CAD703X
We're lower than the national average. I'm new here, is it usually quite a bit lower?
Posted on 11/15/08 at 1:20 am to mule74
Guess no one saw T Boone talking last night?
Posted on 11/15/08 at 1:26 am to LSUDad
T Bonne has been wrong before.
Posted on 11/15/08 at 7:56 am to LSUtoOmaha
I am all for cheap gas... but these low oil prices are not good for economy or Louisiana
Posted on 11/15/08 at 8:04 am to LSUtoOmaha
quote:
We're lower than the national average. I'm new here, is it usually quite a bit lower?
East side of Nashville (past airport) is generally the cheapest gas.
Welcome to Nashville.
You hooked up w/ the alumni group yet? They're showing the Troy game at a bar in Antioch. quote:
LSU Homecoming Game at Bailey's Pub and Sports Grille (located at 5316 Mount View Road, Antioch, TN 37013) this Saturday Nov 15th! We will get the party started in our private room at 6pm, game starts at 7pm. (Our room is to the right when you walk in) We will have raffle items, including several new LSU items, and we will be playing all the LSU hits!!! Bailey's carries all your Abita favorites, Amber, Purple Haze, and Turbo Dog. Kids of all ages are welcome to our view ins!! Come on out and have a good time with the best LSU fans Nashville has!!
Posted on 11/15/08 at 8:25 am to LSUtoOmaha
quote:
T Bonne has been wrong before.
I guess T Bonne has.......
LINK
quote:
Most analysts expect the Organization of the Petroleum Exporting Countries to make at least another 1 million barrels per day (bpd) cut, on top of the 1.5 million bpd members of the group have so far shown that they have started cutting after last month's decision.
From another report.
Posted on 11/15/08 at 8:37 am to MileHigh
quote:
I am somewhat surprised it dropped as fast as it did
I am too. I was thinking it will settle around $85.
Posted on 11/15/08 at 8:58 am to mule74
quote:
OPEC puts the floor under at that price.
If OPEC had that much control, they would have done that months ago. Their control of prices is overstated. Same with oil companies.
Prices could go <$30 if we have a prolonged global recession.
This post was edited on 11/15/08 at 8:59 am
Posted on 11/15/08 at 8:58 am to sheek
quote:
I am too. I was thinking it will settle around $85.
I remember when David Duke ran for governor part of his platform was that oil would surpass $35/barrel...it was hanging tight at around $18 at the time I think.
Ah, Lousiana has had more than their share of colorful politicians haven't they?
Posted on 11/15/08 at 8:59 am to JustSmokin
quote:
Their control of prices is overstated.
+1
I hope we stay under $50/barrel not to screw La..but to take some of the arrogance and power away from those OPEC frickers.
Posted on 11/15/08 at 11:53 am to mule74
It'll go back up. I suspect the oil refineries had stockpiled oil when the prices were low and when the economic markets find a "bottom" the speculation of oil will rise back up.
Posted on 11/15/08 at 1:51 pm to annak410
quote:
suspect the oil refineries had stockpiled oil
especially the companies that do no exploration.
Posted on 11/15/08 at 2:22 pm to mule74
$40 is probably the bottom. LOTS of oil goes offline at $40/bbl.
And T. Boone is full of shite. He's already blown up one of his hedge funds this year. Dude is talking his book, nothing more.
And T. Boone is full of shite. He's already blown up one of his hedge funds this year. Dude is talking his book, nothing more.
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