Another record Archive

Armageddon · Posted: Fri Jul 28, 2006 11:37 am Post subject: Re: Another record

Here's my take for what it's worth. The powers that be ( not sure who they are ) know that 70.00 - 75.00 oil is about the most they can charge before the economies will suffer and demand destruction really takes place. Whenever there is a run up , somehow it miraculously stops, and comes back down. Something is causing the run up to hault. I guess it's similar to the PPT in the stock market. ( ppt is a group of the wealthiest people who throw money in the market when selloffs start, and it keeps it from collapsing ) They are making hundreds of billions and want to see this continue, so they will artificially keep prices here for a while yet and long as they can.

Zardoz · Posted: Fri Jul 28, 2006 11:42 am Post subject: Re: Another record

Armageddon · Posted: Fri Jul 28, 2006 12:54 pm Post subject: Re: Another record

AirlinePilot · Posted: Fri Jul 28, 2006 8:59 pm Post subject: Re: Another record

I think it's actually quite simple. The runups stop because mankind is inherently greedy. Large amonts of dollars are made and moved with small movements in price. It doesnt matter rght now what the price may go to, as long as one knows it may go up a few bucks in the near term. Really big hedge funds and players wait it out for a few dollar run up and then BANG, they sell and the price comes back a bit. All the while we are drugged into thinking its no big deal, its business as usual. Nothing to see here, move along please.

Two steps forward, one step back, until finally we take the last step over the cliff which we cannot see as we climb with our heads down up the steep slope.

All the while we march forward as the ultimate commodity continues its slow slide down the backside of Hubbert's peak. Many will get rich, but probably only for a short while. Once we pass the point of pain, the point of imminent collapse, it won't matter anymore. All the alternatives you and I can come up with won't make but a small dent in man's thirst for the carbon cocktail called oil. We will slide into depression and chaos as a planet. God help us all.

I hope for a few more good years in which to enjoy this beautiful blue marble and the wonders it holds.

Novus · Light Sweet Crude Joined: Jun 21, 2005 Posts: 1705

In Inflation adjusted terms oil may never go above $80. I think it has to do with the complex nature of economic EROEI. When oil was $25 there was so much talk about alternatives becoming economically viable if oil would stay above $30. When oil traded in the $30s the alternatives went to $50 and when oil $50 the alternatives went to $80. Here we are at almost $80 and still no viable alternatives. Now we have reached the point where the economy cannot sustain higher oil so that means no alternatives ever. We are simply headed for total economic collapse. It is so clearly writen on the wall even an economist could see it. "We are doomed."

manu · Intermediate Crude Joined: Jul 26, 2006 Posts: 753

Novas, we are not doomed, just the way most people are living is. The bad part is the greedy people will take alot of people with them when they go.

Armageddon · Posted: Sun Jul 30, 2006 1:37 pm Post subject: Re: Another record

Revi · Fusion Joined: Apr 25, 2005 Posts: 3276 Location: Maine

We are not all doomed. Humans are a very resilient species. We lived off of sunlight for a million years. Some of us still do. We just have to drop back to that. The United States may not do so well, but humans as a species will start growing gardens again, put solar panels on the roof, cut wood and stop commuting 50 miles a day. It'll be painful, but not the end of the world. There will be a lot of stupid wars, but what's new?

Fergus · Heavy Crude Joined: Jun 13, 2006 Posts: 409

azreal60 · Posted: Mon Jul 31, 2006 8:56 am Post subject: Re: Another record

Guys, please stay on topic. This post is not for debating peak oil but rather simply talking about the current price of oil. Take that debate elsewhere.
_________________
Azreal60

firestarter · Light Sweet Crude Joined: Mar 19, 2006 Posts: 1114

$74.45 from an earlier dip below $73.

If we don't get a hurricane, and the ME situation fails to escalate, by the end of the month (Aug) it's possible the year over year spread in crude's price could be less than a couple bucks. Imagine how that'll be reported!

Zardoz · Posted: Mon Jul 31, 2006 2:51 pm Post subject: Re: Another record

cheaplaughs2 · Tar Sands Joined: Dec 13, 2005 Posts: 39

So where are we headed now tropical storm chris has just
formed; IRAN has just rejected the UN; and the war in lebanon
seem's to be heating up with SYRIA getting its troop's prepared.And
my guess is CHAVEZ wont stay quiet on the cuban situation.
Is this the'' perfect storm''just like to here some opinon's.

Zardoz · Posted: Tue Aug 01, 2006 11:20 am Post subject: Re: Another record

cheaplaughs2 · Tar Sands Joined: Dec 13, 2005 Posts: 39

I saw the new's about SYRIA on cnn late last night I will try
and find the link.I believe it was a statement read buy there
president who's name is slipping my mind right now so forgive me.