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Thread: $60 a barrel for oil to arrive in the US soon?

  1. #11
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    Re: $60 a barrel for oil to arrive in the US soon?

    Quote Originally Posted by sawyerloggingon View Post
    A little pain now beats alot of pain later, Obama will drag us over a cliff and if we need to pay some high gas prices to get him to jump off the cliff alone, so be it.
    I may disagree with your reasoning, but at least your motivations are right in my opinion.

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    Re: $60 a barrel for oil to arrive in the US soon?

    If we ever see $60 a barrel again, it will be because demand has crashed and the economy is cratering again.

    People b**** about the oil companies and speculators all the time, but it is actually OPEC that is the biggest factor in determining the price of oil.
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    Re: $60 a barrel for oil to arrive in the US soon?

    No... our government will kill millions of people in Iran before oil gets too high in price in the U.S. The reason is that they fear what the public will do way more than they fear another war hurting America's reputation.

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    Re: $60 a barrel for oil to arrive in the US soon?

    Quote Originally Posted by sawyerloggingon View Post
    Good site, it makes some valid points and this wouldn't be the first huge yo yo in oil prices. I would however prefer oil drops AFTER obama is defeated due in part to high gas prices.
    Agreed.

    It would be a huge mistake for the oil executives to drop oil prices prior to election day.

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    Re: $60 a barrel for oil to arrive in the US soon?

    Quote Originally Posted by johnny_rebson View Post
    Agreed.

    It would be a huge mistake for the oil executives to drop oil prices prior to election day.
    I have long said the republican minded people would run the country into the ground if that meant getting Obama out of office. It would surprise me none to see the big oil fat cats hold us hostage for their political gains.

    It's GREAT to be me. --- "45% liberal/55% conservative"
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    Re: $60 a barrel for oil to arrive in the US soon?

    Quote Originally Posted by Captain America View Post
    I have long said the republican minded people would run the country into the ground if that meant getting Obama out of office. It would surprise me none to see the big oil fat cats hold us hostage for their political gains.
    If you had the slightest clue about anything oil related, you would know that the "big oil fat cats" do not set the price of oil.

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    Re: $60 a barrel for oil to arrive in the US soon?

    Quote Originally Posted by MOrion View Post
    If we ever see $60 a barrel again, it will be because demand has crashed and the economy is cratering again.

    People b**** about the oil companies and speculators all the time, but it is actually OPEC that is the biggest factor in determining the price of oil.
    Not true. OPEC is completely meeting demand. What else do you expect them to do?

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    Re: $60 a barrel for oil to arrive in the US soon?

    Speculators are afraid of war with Iran. Last year, slight fears about a conflict in Bahrain pushed prices way up. This year will be no different.
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    Re: $60 a barrel for oil to arrive in the US soon?

    The oil markets are completely manipulated and orchestrated, and the conductors of the orchestra have the benefit of having already held a rehearsal in 2008.
    It would have been nice if Mr. Cook had identified these manipulators.

    Or did I miss something?
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    Re: $60 a barrel for oil to arrive in the US soon?

    Quote Originally Posted by 1Perry View Post
    Not true. OPEC is completely meeting demand. What else do you expect them to do?
    OPEC is meeting demand at the current market price. If they were to increase production, it would lower the price of oil, and more would be consumed.

    As a cartel, I expect them to restrict production just enough to drive up prices so that they can maximize their profit, without sending prices so high that we are encouraged to switch to alternative sources of energy.

    And that's exactly what they do.
    "You can't save time. You can only spend it." ~ Benjamin Hoff
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