My prediction: $100 oil by the first of the new year. Your thoughts? nt

if you are, then i am not sure. All I can think about is those electric cars and how mad I am that the car companies scrapped them. THinking about making my husband make an electric car... how hard can it be!! LOL!

Oh it's oil ... nevermind.

A possibility.

just what shoppers need for the holiday season.

and development. Drilling rigs are stacked out all over, which in turn will lead to less supply. Of course they will blame it on Obama and taxes. Look for this meme as we get closer to election time.

Talk about stalling any recovery. I think high gas prices are more to blame for the current situation than they've been given credit for.

And who profited because of those high prices? Where is the investigation into price gouging during a time of war?

I'm not sure which war you're referring to...is that the war on drugs?

ie euro drops back to about $1.4. Just looking at trends. :shrug:

It seems the RW only knows how to take economic hostages.

There's been a fair amount of chatter lately about a new floor price of $70; seems unlikely to hit $100 that soon, though, without a sharp uptick in demand -- of course, holiday spending season may provide just that.

I'm pretty sure it will go over $100 some time next year; also pretty sure it will crater not long after that, and go through the same cycle several more times.

Here in the oil end-game, it's to be expected that there will be a lot of price volatility.

The fair price is $75 according to the Saudis. They'll raise production if the price goes up. I wouldn't bet on $100 even if the dollar drops a bit more, it's already plenty low and the europeans are whining.

equals four dollar-a-gallon gasoline equals double dip recession.

With more money available, prices will rise.

At some point, oil prices and business activity will again de-couple. That's the golden opportunity for speculators, because it makes it easy to cover their tracks.

Petrologists have mapped most, but not all, of the Earth, in their search for petroleum. There might be one or two big oil fields left, but that's not too likely. Unless we find oil a lot deeper than where we think it can be found, we are going to have to depend on technological advances to squeeze out more oil from rock matrix. There's a lot of oil to be had there, but it has a much lower EROEI.

I do think that natural "Deep Gas" will be the next boom energy commodity, and the Marcellus Shale gas deposits are a sign of what's to come. It's being sold as "clean", but it still has half the carbon load of coal. Such gas-bearing shales underlie a majority of the Earth's surface. A natural-gas economy could conceivably be sustained through much of the century.

Nope -- I don't like that prospect at all.

--d!