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Will oil hit $100 per barrel by March 1?

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CK_John Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-28-09 02:07 PM
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Will oil hit $100 per barrel by March 1?
It's now at 78.83 and lots of problems in the Saudi peninsula. Lieberman calling for a new war.

What do you think?
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DJ13 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-28-09 02:17 PM
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1. Big investors play stocks against oil
When the stock market rallies, oil stays flat or falls.

When those greedy assholes, who are always looking for their next investment fix, believe the stock market will fall in the near future, they begin pumping up oil prices again.

Will oil be $100 next year?

More than likely, as they've already pumped the stock markets about as high as they can with no improvements in the real economy.

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jpak Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-28-09 02:18 PM
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2. What do I think? I think Obama is president - not Lieberman
The crisis in Iran will have more of an impact on oil prices than The Troubles in Yemen.

yup
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FreakinDJ Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-28-09 02:44 PM
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3. No - just as soon as the economy starts to improve
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pscot Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-28-09 02:58 PM
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4. Probably not
If it does, look for Great Recession-Part Two.
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