| View previous topic :: View next topic |
| Author |
Message |
frankthetank
Fusion
Joined: Sep 16, 2004
Posts: 4863
Location: Southwest WI
|
 Posted: Mon Apr 21, 2008 3:56 pm Post subject: Re: Another Record ($117.79) |
  |
|
Arm-
History suggests that it could happen again 
| Quote: | | This map shows all category 1 to 5 hurricanes whose centers have passed within 10 nautical miles of the state's boundary during the period 1851 to 2005 |
but WHEN?
_________________
Clothing should be optional. |
|
| Back to top |
|
 |
threadbear
Expert
Joined: Jan 22, 2005
Posts: 7757
|
| Posted: Mon Apr 21, 2008 4:03 pm Post subject: Re: Another Record ($117.79) |
|
|
| So what's up with the price of gold then. It usually trends up with oil and it's been falling. This is where technical analysts fall down. They do all of their predicting based on past patterns. Looks like money is rushing into oil, almost as if it's the alternative currency right now. Sheesh. I give up. |
|
| Back to top |
|
|
Armageddon
Fusion
Joined: Apr 13, 2005
Posts: 3157
Location: St.Louis, Mo
|
| Posted: Mon Apr 21, 2008 4:07 pm Post subject: Re: Another Record ($117.79) |
|
|
| frankthetank wrote: | Arm-
History suggests that it could happen again
| Quote: | | This map shows all category 1 to 5 hurricanes whose centers have passed within 10 nautical miles of the state's boundary during the period 1851 to 2005 |
but WHEN? |
There is no doubt it is going to happen again, and probably sooner rather than later. But people think just because we haven't had a major one in 2 years, everything is ok. There have been many major ones the past two years, they just didn't make it to the US. It's harder than a person thinks. The conditions have to be perfect. Katrina was like bowling a strike the way it split Florida and Cuba. |
|
| Back to top |
|
|
frankthetank
Fusion
Joined: Sep 16, 2004
Posts: 4863
Location: Southwest WI
|
| Posted: Mon Apr 21, 2008 8:15 pm Post subject: Re: Another Record ($117.79) |
|
|
I hear ya. Just like Miami. Seems such an easy target for a hurricane, but its been a long time since a hard hit (even Andrew missed to the south a little).
Read some article on Marketwatch earlier. Author seemed to understand the situation pretty well and sees $150 oil by fall.
http://www.247wallst.com/2008/04/as-opec-hold-pr.html
Read another article on msnbc about the Chinese love of SUV's and large cars. Sales are way up (still small compared to US of A). GM is going to bring the Escalade to their market next year.
_________________
Clothing should be optional. |
|
| Back to top |
|
|
PeakingAroundtheCorner
Heavy Crude
Joined: Apr 08, 2007
Posts: 488
Location: Cleburne, TX, USA
|
| Posted: Tue Apr 22, 2008 6:40 am Post subject: Re: Another Record ($118.05) |
|
|
$118.05 in overnight trading.
Funny... The other day when the price broke $117 per barrel the media spin went to speculation and a Japanese tanker mishap. My point is, they always have an excuse and sometimes they do indeed hit the mark.
But today, there seems to be no spin with which to accompany the new record of $118.05. No tanker collisions. No pipeline sabotage. No speculation. They're just announcing the new national gas average of $3.51 and the oil price without any spin as to why it still continues to go up.
So, seems the prices spike when there is an actual reason and it seem it spikes when there isn't. |
|
| Back to top |
|
|
PeakingAroundtheCorner
Heavy Crude
Joined: Apr 08, 2007
Posts: 488
Location: Cleburne, TX, USA
|
| Posted: Tue Apr 22, 2008 6:48 am Post subject: Re: Another Record ($117.79) |
|
|
| frankthetank wrote: | I hear ya. Just like Miami. Seems such an easy target for a hurricane, but its been a long time since a hard hit (even Andrew missed to the south a little).
Read some article on Marketwatch earlier. Author seemed to understand the situation pretty well and sees $150 oil by fall.
http://www.247wallst.com/2008/04/as-opec-hold-pr.html
Read another article on msnbc about the Chinese love of SUV's and large cars. Sales are way up (still small compared to US of A). GM is going to bring the Escalade to their market next year. |
Yesterday, CNBS was showing several analyst "adjustments" moving upwards including one who had predicted oil would be $80. He raised his bottom to $100. And more than one had adjusted from ~$100 to $125 this year.
Personally, and considering the exponentially compounding effects of PO none of us expected, I'm sticking with my earlier prediction of ~$200 (anything above $180 bbl) by the end of this year - especially if there is a hurrican strike on infrastructure. |
|
| Back to top |
|
|
Ferretlover
Moderator
Joined: Jun 13, 2007
Posts: 3863
Location: Minniesotuh
|
| Posted: Tue Apr 22, 2008 6:51 am Post subject: Re: Another Record ($117.79) |
|
|
$117.94 @ 6:51 am CT
_________________
"RRrrruuuunnnn!!!" ~Apocalypto |
|
| Back to top |
|
|
PeakingAroundtheCorner
Heavy Crude
Joined: Apr 08, 2007
Posts: 488
Location: Cleburne, TX, USA
|
| Posted: Tue Apr 22, 2008 9:13 am Post subject: Re: Another Record ($117.79) |
|
|
Just jumped on an uphill rail. Heads up! Where's it going? Currently in striking distance of yesterday's close.
Last edited by PeakingAroundtheCorner on Tue Apr 22, 2008 10:09 am; edited 3 times in total |
|
| Back to top |
|
|
eastbay
Moderator
Joined: Dec 18, 2004
Posts: 4884
Location: One Mile From the Columbia River
|
| Posted: Tue Apr 22, 2008 9:22 am Post subject: Re: Another Record ($117.79) |
|
|
$118.20!
_________________
Got Dharma?
Everything is Impermanent. Shakyamuni Buddha |
|
| Back to top |
|
|
Duende
Heavy Crude
Joined: Nov 27, 2004
Posts: 235
Location: The District
|
| Posted: Tue Apr 22, 2008 9:28 am Post subject: Re: Another Record ($117.79) |
|
|
$118.40!
I think we got a gusher! |
|
| Back to top |
|
|
PeakingAroundtheCorner
Heavy Crude
Joined: Apr 08, 2007
Posts: 488
Location: Cleburne, TX, USA
|
| Posted: Tue Apr 22, 2008 9:28 am Post subject: Re: Another Record ($117.79) |
|
|
$118.34
Edit: One minute later, make that $118.36
Last edited by PeakingAroundtheCorner on Tue Apr 22, 2008 9:30 am; edited 2 times in total |
|
| Back to top |
|
|
lowem
Light Sweet Crude
Joined: Jul 19, 2004
Posts: 1275
Location: Singapore
|
| Posted: Tue Apr 22, 2008 9:29 am Post subject: Re: Another Record ($117.79) |
|
|
$118.34 <- superceded !
$118.43
_________________
Live quotes - crude oil, gold and currencies
http://www.post1.net/lowem/page/livequotes
Last edited by lowem on Tue Apr 22, 2008 9:31 am; edited 2 times in total |
|
| Back to top |
|
|
lowem
Light Sweet Crude
Joined: Jul 19, 2004
Posts: 1275
Location: Singapore
|
| Posted: Tue Apr 22, 2008 9:29 am Post subject: Re: Another Record ($117.79) |
|
|
Hiaks, we're getting like real-time updates on this thread now 
_________________
Live quotes - crude oil, gold and currencies
http://www.post1.net/lowem/page/livequotes |
|
| Back to top |
|
|
PeakingAroundtheCorner
Heavy Crude
Joined: Apr 08, 2007
Posts: 488
Location: Cleburne, TX, USA
|
| Posted: Tue Apr 22, 2008 9:33 am Post subject: Re: Another Record ($117.79) |
|
|
| Duende wrote: | $118.40!
I think we got a gusher! |
I didn't see it at $118.40 but if it did, then my last two posts are null and void. |
|
| Back to top |
|
|
PeakingAroundtheCorner
Heavy Crude
Joined: Apr 08, 2007
Posts: 488
Location: Cleburne, TX, USA
|
| Posted: Tue Apr 22, 2008 9:34 am Post subject: Re: Another Record ($117.79) |
|
|
| lowem wrote: | | Hiaks, we're getting like real-time updates on this thread now |
I try to livepost it if I'm available and watching. But I welcome the competition - and the company! =) |
|
| Back to top |
|
|
|
News
Discussions
Resources
Members
Forum FAQ
Search
Usergroups
Profile
Log in to check your private messages
Log in
