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Rogers: Oil to $100 After ‘Correction’
MoneyNews.com (Newsmax) ^
| January 19, 2007
| Marie Albin
Posted on 01/19/2007 2:44:28 PM PST by Tolerance Sucks Rocks
click here to read article
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I want my 100-dollar oil NOW!!!
Not.
To: thackney
2
posted on
01/19/2007 2:45:14 PM PST
by
Tolerance Sucks Rocks
(“Don’t overestimate the decency of the human race.” —H. L. Mencken)
To: Tolerance Sucks Rocks
Hey, get your Vespa now!!
3
posted on
01/19/2007 2:47:07 PM PST
by
EagleUSA
To: Tolerance Sucks Rocks
Even a broken clock is right twice a day
4
posted on
01/19/2007 2:47:15 PM PST
by
compman
(left handed people are the only ones in their right mind!)
To: Tolerance Sucks Rocks
5
posted on
01/19/2007 2:48:16 PM PST
by
pissant
To: pissant
My bets on Silver. SLW, SLV. 10 baggers in 5 years. No more than 5% of net worth in any single investment category. That is all.....
6
posted on
01/19/2007 2:50:43 PM PST
by
samadams2000
(Someone important make......The Call!)
To: Tolerance Sucks Rocks
"I'm just not smart enough to know how far down it will go and how long it will stay, but I do know that within the context of the bull market, oil will go over $100," Rogers said in a Tokyo interview. "It will go over $150. Whether that is in 2009 or 2013, I don't have a clue, but I know it's going to happen." This guy was a meterologist in a former life.
Hope he can remember where he parked his car.
7
posted on
01/19/2007 2:52:18 PM PST
by
mc5cents
(Show me just what Mohammd brought that was new, and there you will find things only evil and inhuman)
To: Tolerance Sucks Rocks
I predict oil will reach $100 a barrel at some time between now and the end of the world, too.
To: Tolerance Sucks Rocks
$100 oil is not sustainable, for the simple reason that alternatives are available at significantly less than that price.
9
posted on
01/19/2007 2:53:23 PM PST
by
B Knotts
(Newt '08!)
To: B Knotts
...alternatives are available at significantly less than that price. But how quickly can those alternatives come on line? You can have 100 dollar oil for a while. None other than T. Boone Pickens thinks we will. The good news is, you wont't get there without a booming worldwide economy.
10
posted on
01/19/2007 2:55:34 PM PST
by
groanup
(Limited government is the answer. Now, what's the question?)
To: Tolerance Sucks Rocks
By 2050 world oil production will be 10-20% of what it is now. Can't say what the price might be; it might still be at $50.
11
posted on
01/19/2007 2:55:56 PM PST
by
RightWhale
(Repeal the law of the excluded middle)
To: Tolerance Sucks Rocks
Yeah, $100.00 oil. Someday, like when a Big Mac is $20.00.
12
posted on
01/19/2007 2:56:38 PM PST
by
CPOSharky
(Year = 365 days. muzzy 'most holy' days = 450. Go figure.)
To: Tolerance Sucks Rocks
$100 a barrel. $150 a barrel. $40 a barrel. $10 a barrel. What's an alarmist to do?
13
posted on
01/19/2007 2:57:04 PM PST
by
Past Your Eyes
(Some people are too stupid to be ashamed.)
To: B Knotts
alternatives are available at significantly less than that price Solar cells are $5 a watt. Nothing is cheaper than oil even now.
14
posted on
01/19/2007 2:57:27 PM PST
by
RightWhale
(Repeal the law of the excluded middle)
To: B Knotts
We smoke Iran in March and have trouble keeping the flow out of the seized oil fields, an initial spike to $90-100 is reasonable on panic trading, but not much more than that; and a gradual decline over the next six months to a post-July 4th $65-70 range as the Saud's run up in the slack.
In true bizzaro world context, the Fed would probably hint at their non-displeasure at a six-month run on oil to cool a sizzling economy which is "shocking" the CaNned BullCrap talking heads at the moment.
To: Tolerance Sucks Rocks
This is not news, it's an advertisement. (read the last sentence) Besides, just because somebody gets something right once by way of a lucky guess doesn't mean they are any more an expert than someone else. I won eleven dollars by predictin 3 numbers in a lottery draw, but people aren't coming to my house asking me for my picks for next week. I guess I should advertise more.
16
posted on
01/19/2007 3:05:25 PM PST
by
webheart
To: Tolerance Sucks Rocks
Damn way to hedge your bets there dude
To: pissant
This guy is an idiot.
LOL, yeah Jim Rogers is a real moron. Given his massive stupidity, god knows how he managed to build the Quantum Fund at a 3,365% rate while the Dow did 20% in the same time frame.
To: Tolerance Sucks Rocks
Sounds like somebody trying to protect his investments.
19
posted on
01/19/2007 3:11:31 PM PST
by
Old Professer
(The critic writes with rapier pen, dips it twice, and writes again.)
To: Tolerance Sucks Rocks
It will be $100 a barrel if the dimocRATS have their way. They are off to a good start.
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