When does the next leg up in prices start?

zoidberg · Last edited by zoidberg on Fri Aug 22, 2008 7:43 am; edited 3 times in total

To heck with this how low can it go talk. We know whats up around here.

modified to include never option. I tried to modify the poll question anyways. Didnt seem to take.

To be fair, including "never" votes.

Total votes never: 1.

smallpoxgirl · Moderator Joined: Nov 08, 2004 Posts: 6278

Yesterday.
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eastbay

lorenzo · Fission Joined: Jan 01, 2005 Posts: 2210

You didn't include the option: "never". It would only be fair to include that choice.

My bet is that the tiny upticks we're going to see over the coming year, are going to be tiny bubbles fueled by geopolitical news. All these bubbles will be occuring on a grand downward trend to $70-80.

Only after we've hit that point, might there be a gradual increase in prices towards a long term plateau as massive alternatives and renewables keep coming online and electrification of personal transport begins to mass-penetrate the market, and as conservation and efficiency are beginning to do their work.

"Never".
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Cashmere · Light Sweet Crude Joined: Mar 27, 2008 Posts: 1971

2 bucks a day for 3 weeks and we're at 150.

Very possible.
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DantesPeak

Last Monday, when every energy 'analyst' in the major media stated that the price would keep dropping because of bearish trends - despite indications demand was increasing (due to lower prices) and supplies falling (for example, the bombed BTC pipeline).

If the BTC pipeline is shut for good (not a prediction), then we have new highs before the end of the year.
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GoghGoner · Heavy Crude Joined: Apr 10, 2008 Posts: 492

With the airlines, car industry, truckers, governments going broke at 120-140 oil, I don't see it making it past the 160 mark until supply (world exports) fall quite a bit more -- I guess 2010 Q3 but it could come a year earlier or a two years later depending on how the geopolitical factors weigh in.

heroineworshipper

Yesterday's downgrade of Freddie Fannie caused a 5% rise. When social security goes, that's going to be a 1000% rise.
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TreebeardsUncle · Intermediate Crude Joined: Jun 15, 2006 Posts: 598

Said q2 09. Oil falls in the late summer and fall, and starts coming back in the winter. By next spring we should be on the next big ramp up which will lead to the price surpassing $200, in the summer of 010, after another drop off next late summer fall and early winter.

g

Oil_be_alroit · Tar Sands Joined: Jun 18, 2008 Posts: 29

Concerned · Light Sweet Crude Joined: Sep 23, 2004 Posts: 1548

Plantagenet

yesplease · Fission Joined: Oct 03, 2006 Posts: 2482