Russian President Predicts $150 Oil

DantesPeak

Ok you say, what's the point of predicting oil will hit $150 when it's already $144? Actually I don't know for sure, but I find it intersting that the President of Russia would even make a prediction of higher prices at this time - when the US and Europe are already complaining about higher prices.

Actually, this says to me we are on our way to the $170 price the President of OPEC predicted by the end of 2008.

pstarr

For the life of me I can't find any significance here? Now if he predicted $500 I would sit up and wimper. As it is, I'm back to my bone.

Woof
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director

ree rah rip ram. sunofabitch godamn. hidey didey christ almighty. rah rah crap wav

eastbay

Me too. $150.00 doesn't scare anyone. Rush hour traffic is as jammed as ever.

Now when Putin, or Mr M, his mouthpiece for the next few years, says $250.00 by December, then I'm all ears!
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Everything is Impermanent. Shakyamuni Buddha

Starvid

eastbay

DoomWarrior · Heavy Crude Joined: May 06, 2008 Posts: 208

I predict $145 oil.

Buggy · Tar Sands Joined: Jun 23, 2008 Posts: 83

Sleepybag

Oil has already hit 145 dollars a barrel this morning.

I guess he predicted that oil would hit 150... today.

anarky321

id be more interested in his prediction over how far russian output will fall in the next 5 years

Ferretlover

Oh boy, you just can't get Anything past Medvedev without him noticing, can you?
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"RRrrruuuunnnn!!!" ~Apocalypto

DantesPeak

Well it would have been more interesting if he predicted $150 by July 4, like Morgan Stanley. But maybe this is the start of a new policy where government and energy companies make more price predictions (as we see above).

anarky321

i remember seeing somewhere that russian crude output for June fell 1%; cant link it right now but im almost positive it was on PO.com