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OIL SHOCK PREDICTION: $25
Drudge ^
| 12/04/2008
| Linked from Drudge
Posted on 12/04/2008 6:58:30 PM PST by Jet Jaguar
OIL SHOCK PREDICTION: $25
Post only, links to Bloomberg.
TOPICS: Business/Economy; Foreign Affairs; US: Alaska; US: Texas
KEYWORDS: energy; oil
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To: Jet Jaguar
More than possible.
Some of my contacts in the business (low level/engineers) said this a year or so back.
2
posted on
12/04/2008 7:00:18 PM PST
by
redgolum
("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
To: Jet Jaguar
25 dollars a gallon we will be paying at the pump or 25 dollars a barrel of oil. I like the latter.
3
posted on
12/04/2008 7:00:41 PM PST
by
ripcasc
To: Jet Jaguar
Good news for NIMBY and ‘no’ to off shore drilling.
4
posted on
12/04/2008 7:01:05 PM PST
by
BGHater
(Obama is a Neocon.)
To: Jet Jaguar
Unfortunately, we could see oil at $25.00 a barrel.
5
posted on
12/04/2008 7:01:24 PM PST
by
trumandogz
(The Democrats are driving us to Socialism at I00 MPH -The GOP is driving us to Socialism at 97.5 MPH)
To: Jet Jaguar
That would be great in the short term, but we need a reasonable sustained price for oil to make sure there is sufficient investment in finding new reserves, otherwise we will continue these wild swings in the price of oil.
To: Jet Jaguar
I think Russia and Venezuela will start a war before oil stays down for too long. Russia needs $75 oil if I am not mistaken in order to fund their commitments.
To: redgolum
Some of my contacts in the business (low level/engineers) said this a year or so back.
Yes, I remember some industry analysts predicting oil prices to be in the $25-$35 per barrel range in the near future. This was right before the futures thing driving the prices up.
8
posted on
12/04/2008 7:03:48 PM PST
by
aruanan
To: trumandogz
Larry Kudlow would say “wow! this is like a great pro-growth tax cut!”
9
posted on
12/04/2008 7:04:03 PM PST
by
ari-freedom
(Conservatives solve problems. Libertarians ignore problems. Liberals create problems.)
To: trumandogz
Long term, $25.00 per barrel oil is not a good thing. But it the short term it could help lift us out of this recession. Its a double edged sword.
10
posted on
12/04/2008 7:04:30 PM PST
by
CharacterCounts
(1984 was supposed to be a work of fiction, not a how-to manual.)
To: trumandogz
What do you mean “unfortunately”?
25$/barrel should give us gas somewhere under a dollar a gallon, provided the crooks in DC don’t pull any bullshit. That should be a HUGE boost to our economy. And we sure could use the boost.
11
posted on
12/04/2008 7:04:40 PM PST
by
mamelukesabre
(Si Vis Pacem Para Bellum (If you want peace prepare for war))
To: Jet Jaguar

What about the morons who bought this?
To: Jet Jaguar
The offshore drilling ban has expired, so they have to find another way to discourage new drilling by simply making it unprofitable.
13
posted on
12/04/2008 7:05:22 PM PST
by
DrewsDad
To: ari-freedom
Yes, world economic collapse will bring cheap oil.
14
posted on
12/04/2008 7:05:23 PM PST
by
trumandogz
(The Democrats are driving us to Socialism at I00 MPH -The GOP is driving us to Socialism at 97.5 MPH)
To: Jet Jaguar
Energy spikes are a major factor in pushing economies into recessions. When gas prices were at $4 some households were paying over $6K in petro related costs on an annualized bais. With gas at $1.50 and falling that amounts to a $3,500 savings.
I am going to start buying gas and oil etfs when oil drops into the $30s. When it goes back up I am hedged for $1 gas.
15
posted on
12/04/2008 7:05:52 PM PST
by
misterrob
(Smooth talkers win at singles bars and in politics .. often with similar outcomes for the listener)
To: St. Louis Conservative
that’s why we need an energy policy.
16
posted on
12/04/2008 7:08:01 PM PST
by
ari-freedom
(Conservatives solve problems. Libertarians ignore problems. Liberals create problems.)
To: mamelukesabre
Well, this would be the time that a temporary gas tax would be considered as stupid as it sounds.
17
posted on
12/04/2008 7:08:01 PM PST
by
misterrob
(Smooth talkers win at singles bars and in politics .. often with similar outcomes for the listener)
To: BGHater
Exactly.
Low oil prices stops domestic exploration. Eliminates biofuels and $h!tcans the alternatives.
This smells like a trap.
18
posted on
12/04/2008 7:08:23 PM PST
by
Ouderkirk
(Never underestimate the ability of a liberal to deny reality and attempt to change the rules to do s)
To: Jet Jaguar
I said that would go down to $30 a barrel before winter. It may go even lower since a weak economy cannot sustain a $47 a barrel price. And no one's buying.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
19
posted on
12/04/2008 7:08:32 PM PST
by
goldstategop
(In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
To: redgolum
And if OPEC shuts the valve off
were will oil prices go?
20
posted on
12/04/2008 7:09:20 PM PST
by
doc1019
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