Hope for the best. The one thing you can count on is prices will be volatile over the winter with wild swings in both directions. The fear of weakness creeping into the economy will pressure prices lower at the same time every news release of events in the middle east, winter temperatures and oil related reserves will push prices higher.

But, that is what makes the markets work!

 

That is good news.

But WHY does he predict lower prices?
Based on what???

 

The prices will never be what they were last year at this time . Ever again!

 

The prices will never be what they were last year at this time . Ever again!

Yep!

The public has demonstrated its willingness to pay these prices. They will remain high. Just my prediction.

 

That is good news.

But WHY does he predict lower prices?
Based on what???

1. Based on refineries coming back on line
2. based on pipelines getting back to normal
3. based on the fact the China has a bunch of new power plants coming on line in the next 9 months and their reliance of oil will diminish.

and finally - based on the rumor that you're selling the Top Gun and are buying the first Hybrid Bayliner....

 

Hybrid Bayliner??? Is that the Bayliner with Triple KE's with Bravo III's? Sounds like a beast. :laugher:

 

http://money.cnn.com/markets/commodities/

Just watched Steve Forves on MSNBC and he predicted $35 to $40 a barrel by tihis time next year.

crude is down.

All affected refineries in Louisiana predict to be back on line within 3 weeks and two are back up and running as of yesterday.

Great news ..... but betcha if the crude is $35/$40 a barrel , gas isn't back to $1.25/$1.50 a gallon :angry1:

And you can take that to the bank!

 

I still think they are price gauging us some. I want it back to $2/gallon, more fare that way. Then maybe I can afford to burn a tank per week again...

 

If crude gets back down to 35-40 and gas down under $1.50, I will buy a couple kegs and throw a party...you are all invited to Okoboji for beer!


These predictions of low oil prices are very STRONG words...that I hope become reality.

 

hmmmmmmmmmmmmmmm

we will see!

 

Well, it's nice to see someone predicting 30-40 instead of 100.00

 

and finally - based on the rumor that you're selling the Top Gun and are buying the first Hybrid Bayliner.... [/B]

Jeff, I "told" you to be quiet. That Bayliner Hybrid will rock! gre:

 

I also think the oil prices will come back down. People are bidding them way up on futures contracts. I hope a glut comes on the market, and all those people holding those contracts go broke, much like the dotcom bust. I said that all along about the dotcoms, people were buying blue sky, expecting someone else to buy it at a higher price. It's like musical chairs, someone gets left standing when the music stops.

 

I've seen about a half dozen parabolic rises in oil prices in my lifetime. The one characteristic that has been true in every case is, prices go up much faster then they come down!

 

I still think they are price gauging us some. I want it back to $2/gallon, more fare that way. Then maybe I can afford to burn a tank per week again...

$ 2.00 used to be the mental barrier... it worked in breaking us down into thinking $2.00 is a good deal...

f that I want $1.30

 

You do have a choice when it comes to paying the cost of fuel. When people pay a price, there will be a supply to equal that price. Bring down the price and you bring down the supply, bring up the price and supply will grow. Simple economics at work weather your talking fuel or lollypops.




If the cost of fuel is more than you want to pay, there is not a gun at your head, don't buy any, just do the alternative to burning fuel with your boat!




Here is one solution to the problem.






Clamp about 40 of these to the back of your boat!

 

I could see where this has some merit. Earlier this spring the experts said that oil and gasoline were more plentiful and had more reserves than previous years, yet the stock market hedge funds and futures buyers were continually pushing the price of crude up. It has to top out somewhere and if there is a big enough decline in prices they will all be looking to jump ship.

 

I could see where this has some merit. Earlier this spring the experts said that oil and gasoline were more plentiful and had more reserves than previous years, yet the stock market hedge funds and futures buyers were continually pushing the price of crude up. It has to top out somewhere and if there is a big enough decline in prices they will all be looking to jump ship.

Just be aware that investors who make money with futures are not part of the buy and hold crowd. They really could care less if prices move higher or lower, just that they move. They often have positions on both sides of the market and make profits regardless of the price movement.

Most are simply taking advantage of the price disparity of two markets and making profits on the expansion and contraction of the time premium between the two markets.

Don't think futures players are a bunch of lottery ticket buyer types. They have their act together in most cases.

Most of them are hedging a long position in the underlying commodity, regardless of it being unleaded gasoline or coffee beans.