Like the illusion of Wall Street, with its vast and powerful investment banks, now shuttered, China too is an illusion perpetuated by the Globalists that gave us the 15,000 mile Caesar salad, poisoned cat food and lead based paint on babies' pacifiers. Like the illusion that money would come from thin air to always push housing prices higher, China has spent a generation pursuing its illusion. Pursuing an unattainable dream to be like the West, while 6000 years of its carefully shepherded top soil blows into the sea.
Joined: Dec 02, 2005 Posts: 6785 Location: Oil-addicted Southern Californucopia
Posted: Wed Nov 07, 2007 12:14 am Post subject: Re: 100$ a barrel, you make the call!
1:00 PM EST, Friday Nov. 9.
I think it'll take the rest of the week to get there. _________________ "Thank you for attending the oil age. We're going to scrape what we can out of these tar pits in Alberta and then shut down the machines and turn out the lights. Goodnight." - seldom_seen
Joined: May 19, 2005 Posts: 813 Location: Merry Ol' USA
Posted: Wed Nov 07, 2007 12:27 am Post subject: Re: 100$ a barrel, you make the call!
10 AM EST, November 9th (that's Friday). I'll be the optimistic one...though it's at 98 right now... _________________ After fueling up their cars, Twyman says they bowed their heads and asked God for cheaper gas.There was no immediate answer, but he says other motorists joined in and the service station owner didn't run them off.
Joined: Apr 05, 2005 Posts: 1658 Location: Springsteen Country (NJ)
Posted: Wed Nov 07, 2007 12:27 am Post subject: Re: 100$ a barrel, you make the call!
Ok, I'll play too!
On the theory that it will sell off tomorrow after the lousy inventory report(buy on the rumor, sell on the news), then climb back up on Thursday:
2:20 PM EST 11/08 (That's 08/11 for you weird European readers ) _________________ Joe P. United Political Debate
"Only when the last tree is cut; only when the last river is polluted; only when the last fish is caught; only then will they realize that you cannot eat money." - Cree Indian Proverb
Joined: Dec 28, 2005 Posts: 299 Location: Toronto, Ontario
Posted: Wed Nov 07, 2007 1:22 am Post subject: Re: 100$ a barrel, you make the call!
Damn you for guessing the exact time I was going to guess jd martin!
Ah well, I'll have to one up you- I guess 10:01am EST November 9, 2007. I think it will go down somewhat tomorrow, increase to almost $100 on Thursday, then crash through that barrier on Friday.
Posted: Wed Nov 07, 2007 5:13 am Post subject: Re: 100$ a barrel, you make the call!
My original guess, only a few weeks ago, was 1st April 2008
Then early Feb 2008
Now, watching the ticker click up its
2:30pm GMT 8 Nov
Which is 9:30pm for those on the eastern seaboard.
BTW I'm talking Nymex light crude for December as shown on Bloomberg or the Nymex sites, other indexes are different (Tapis is already through $100) _________________ Arcane Domain
Joined: Jun 18, 2004 Posts: 806 Location: Western North Carolina
Posted: Wed Nov 07, 2007 6:05 am Post subject: Re: 100$ a barrel, you make the call!
I read where they did this study and found that oil wells automatically refill and we will never run out. And that there are many capped wells in Texas with plenty of oil in them -- the oil companies are deliberately not producing it, in hopes of using up the rest of the world's supplies first. Its all a scam by the oil companies to make more money because there's plenty of oil out there.
Signed: Alex Jones, my brother-in-law, and the forum members of gasbuddy.com
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