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Message
re: Oil dive deepens to 12-year low; could hit $20 on China fears
Posted on 1/12/16 at 3:00 pm to SlowFlowPro
Posted on 1/12/16 at 3:00 pm to SlowFlowPro
You see that's just it, the markets have a few bubbles all sort of leaning on one another and any one popping could cause a chain reaction....and oil...is just a cause not even a bubble like:
real estate
consumer spending
market valuation based on money printing (The Fed)
government debt
the US dollar
etc.
There's a lot of crazy stuff going on with interest rates rising, money printing stopped (temporarily), the government continuing to borrow out of control etc.
Oil is just another trigger - that can change investor psychology and put lots of pressure on the others
real estate
consumer spending
market valuation based on money printing (The Fed)
government debt
the US dollar
etc.
There's a lot of crazy stuff going on with interest rates rising, money printing stopped (temporarily), the government continuing to borrow out of control etc.
Oil is just another trigger - that can change investor psychology and put lots of pressure on the others
0
Posted on 1/12/16 at 3:01 pm to TigersHuskers
I am hoping for $200/barrel but that is just me.
Posted on 1/12/16 at 3:03 pm to TigerFred
Right. Some of these frickers need to start blowing each other up. I need my o&g customers to buy buy buy. Them just getting ppe for the yard is not cutting it.
Posted on 1/12/16 at 3:03 pm to TigerFred
and then the fall when that bubble pops will be even worse.
Posted on 1/12/16 at 3:04 pm to TigerFred
quote:
I am hoping for $200/barrel but that is just me.
People that are rooting for sub $10/barrel ate going to shite their depends when the extreme swing in the opposite direction happens.
Posted on 1/12/16 at 3:06 pm to Oates Mustache
quote:
People that are rooting for sub $10/barrel ate going to shite their depends when the extreme swing in the opposite direction happens.
Just like the people that root for higher prices are doing now, right?
Posted on 1/12/16 at 3:08 pm to Mo Jeaux
quote:
Is there are reason why you're being a douche?
most don't really have a reason, they're just born that way
Posted on 1/12/16 at 3:08 pm to Mo Jeaux
are to odds of us ever seeing expensive oil to the point where its around $120 a barrel pretty low right now?
Posted on 1/12/16 at 3:08 pm to TigersHuskers
quote:
Im a poor college student. I drive a gas guzzling pickup truck and cheap gas helps me.
This is a joke, right?
Posted on 1/12/16 at 3:10 pm to Deactived
No
Posted on 1/12/16 at 3:11 pm to yellowfin
Question: oil was cheap in the 90's and people survived, why is it that now we need to have it around $100 a barrel?
Posted on 1/12/16 at 3:12 pm to TigersHuskers
You don't see the irony in your post?
Posted on 1/12/16 at 3:12 pm to Allyn McKeen
quote:
Saudi Arabia is actively trying to wreck Iran's economy.
Saudi Arabia: $150B windfall, my arse. Hold my beer and watch this.
I laughed
Posted on 1/12/16 at 3:13 pm to TigersHuskers
quote:
are to odds of us ever seeing expensive oil to the point where its around $120 a barrel pretty low right now?
I don't know what this means.
Posted on 1/12/16 at 3:14 pm to Mo Jeaux
What are the chances we ever see oil over $100 a barrel again in the future.
Posted on 1/12/16 at 3:14 pm to Mo Jeaux
No because I believe that there's a balance to be had in these prices which would make everybody happy.
Posted on 1/12/16 at 3:15 pm to TigersHuskers
quote:
What are the chances we ever see oil over $100 a barrel again in the future.
I don't know.
Posted on 1/12/16 at 3:15 pm to TigersHuskers
Living in the 90's anywhere near the oil patch was not an awesome experience, economically speaking.
Posted on 1/12/16 at 3:17 pm to TigersHuskers
quote:
What are the chances we ever see oil over $100 a barrel again in the future.
I would say 99.99%.
Posted on 1/12/16 at 3:20 pm to yellowfin
quote:
That's 3 of us....let's cut it off there
Hey wait....
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