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Oil touches $52 (currently $52.02)
NYmex ^
| 10/6/2004
| Nymex
Posted on 10/06/2004 11:43:24 AM PDT by Rutles4Ever
http://www.nymex.com/jsp/markets/lsco_fut_cso.jsp
TOPICS: Front Page News; News/Current Events
KEYWORDS: energyprices; oil; squeeze
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Predictions? Top?
To: Rutles4Ever
Unfortunately, it has blown right past $50. There is no "top" right now.
2
posted on
10/06/2004 11:45:26 AM PDT
by
ambrose
(http://www.swiftvets.com)
To: Rutles4Ever
we are in an exponential curve so, ...
3
posted on
10/06/2004 11:46:46 AM PDT
by
Truth666
To: Rutles4Ever
Predictions? Top? When Soros gives up.
4
posted on
10/06/2004 11:47:02 AM PDT
by
Dane
(Trial lawyers are the tapeworms to wealth creating society)
To: Rutles4Ever
Thank God there is only a month until the election, because this could start to get messy.
5
posted on
10/06/2004 11:47:07 AM PDT
by
RWR8189
(Its Morning in America Again!)
To: Dane
I'm really starting to wonder if the old boy's tweaking the market a pinch...
6
posted on
10/06/2004 11:48:13 AM PDT
by
Frank_Discussion
(May the wings of Liberty never lose a feather!)
To: ambrose
China's only part of the issue. I think the market's pricing in some sort of conflagration in Iran.
Israel will strike before the year is out, IMHO. If Bush wins, it could be before December. The mullahs aren't counting on Sharon raising his sword against them with the so-called "spread out" weapons program. They're going to be very very surprised... and the rest of Middle East will stand by and watch.
7
posted on
10/06/2004 11:48:34 AM PDT
by
Rutles4Ever
("...upon this rock I will build my church, and the gates of hell shall not prevail against it.")
To: Rutles4Ever
I filled up my car yesterday to the tune of $2.399 per gallon here in California.
8
posted on
10/06/2004 11:50:34 AM PDT
by
EggsAckley
(..........So many vanities.................so little bandwidth............)
To: Rutles4Ever
I am sick of speculation driving the market when supply and demand is just fine. OY!
To: Rutles4Ever
This run up on oil prices is based on future contracts on speculation. It does not adequately reflect the supply-demand side of the equation. Bottom line is the traders are making a killing at the expense of everyone else.
10
posted on
10/06/2004 11:54:03 AM PDT
by
wrathof59
(semper ubi sub ubi)
To: BoBToMatoE
11
posted on
10/06/2004 11:54:24 AM PDT
by
kenth
(Tucking tail and running is not an exit strategy, it's cowardice and surrender.)
To: Rutles4Ever
My liberal girlfriend insists that its Bush's fault. Bush went to Iraq for the oil yadda yadda. I asked her "well, if Bush went for oil, wouldn't he be selling it to us cheaper now?" and she had no response.
Prediction:
Tops out at $55.43 and then starts to fall on 11/3 after Bush is re-elected.
12
posted on
10/06/2004 11:55:01 AM PDT
by
RockinRight
(John Kerry is the wrong candidate, for the wrong country, at the wrong time)
To: EggsAckley
$1.96/gal. here in central PA.
13
posted on
10/06/2004 11:55:29 AM PDT
by
TheBigB
(I < heart > Lana Lang!)
To: Rutles4Ever
Sell all my shares when it reaches $57.00. Order good until cancelled.
14
posted on
10/06/2004 11:55:48 AM PDT
by
paulklenk
(Blue Fairy, please make Dan Rather a real boy!)
To: Rutles4Ever
Does anyone have a graph of oil/gasoline prices in constant dollars for the last 40 years?
15
posted on
10/06/2004 11:56:01 AM PDT
by
fishtank
To: RockinRight
We did go to war in Iraq for oil. Seriously. But the question I would ask your girlfriend is this, "how far are you willing to walk to work each day?" Because without the oil from the middle east, a lot more Americans are going to be getting their daily exercise during their daily commute!
Bush should ask John Kerry to predict the path our economy will take if the Saudi's suddenly stop pumping oil.
16
posted on
10/06/2004 12:03:58 PM PDT
by
Terpesman
(Be gente, I'm new.)
To: EggsAckley
In California, you should pay $10.00 per gallon as long as you do not permit drilling off your coast. Why should we in Louisiana, Texas and Alabama be the only states that permit drilling.
Chose between reasonable oil prices and drilling, nothing unfair about that.
17
posted on
10/06/2004 12:05:06 PM PDT
by
pugdog
To: pugdog
Pardon me, Penn., I meant this to the California person.
18
posted on
10/06/2004 12:06:51 PM PDT
by
pugdog
To: pugdog
Well, unfortunately CA is controlled by socialists, and we've been trying for years to get them out. Don't blame it on ME.....I ALWAYS vote against them.
19
posted on
10/06/2004 12:09:21 PM PDT
by
EggsAckley
(..........So many vanities.................so little bandwidth............)
To: wrathof59
Old futures lore: "He who sells what isn't his'n, must pay up or go to prison".
20
posted on
10/06/2004 12:09:36 PM PDT
by
RISU
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