Reply With QuoteSpeculation is a big factor, no doubt.Originally Posted by ZECH
As for demand, yes Americans will drive less. But they still have to drive. If you have a commute, you'll still have to drive. Yeah, some will do car pools, and even slugs and other transpo options.
The article I posted made note of a very big issue: declining production.
Oil production has declined since 2005.
Believe in peak oil theory or not, oil output/production has declined, and in addition to America's dependency on oil (number 1 oil consumer) China and India are using more and more oil, every year.
The days of cheap oil, are over.
Price of Crude Oil wil hit $150-200 Within 6-9 months
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05-23-2011, 08:18 PM #31Founder of GOSB SUPER MODERATOR
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The reason it is going down is because it reached a price that average americans can't afford. Demand is way down. If it doesn't drop considerably, we will end up in a recession/depression that will make the last/current one look like nothing happened. GS forcast's is for their benefit........They control the price by speculating. They want it up, they just print an doomsday media report just like this one.
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05-23-2011, 08:53 PM #32Windy City ELITE MEMBER
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Don't go around saying the world owes you a living. The world owes you nothing. It was here first.
Mark Twain
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05-23-2011, 10:09 PM #33Founder of GOSB SUPER MODERATOR
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We drive less cause we have too. Yes we still have to drive, but it hurts the oil companies so they cut the price to get us to use more. I never have believed the peak oil crap. There is plenty.....you just have to drill where it is. They cut imports and refining to get the price high. It's all about the money. 1 big rip off. I saw we charge the same for food we ship to the middle east as they do oil. Before long we will be getting gas at 10 cent a gallon.
Disclaimer: All health, fitness, diet, nutrition, anabolic steroid & supplement information posted here is intended for educational and informational purposes only, and is not intended as a substitute for proper medical advice from a medical doctor. We do not condone the use of anabolic steroids (AAS), all information about AAS is for educational and entertainment purposes only. If you choose to use AAS it's your responsibility to know the laws of the country that you live in. Consult your physician or health care professional before performing any of the exercises, or following any diet, nutrition or supplement advice described on this website.
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05-23-2011, 10:12 PM #34Is Doin It 4 Da Shorteez
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cheap oil...lol....that's long gone Originally Posted by Big Smoothy
and all the easy sweet crude is gone in the US..only thing left is shale and the processes used to extract that are about the worst thing for the environment.I train differently than most, my beef is with gravity the weights on the bar are just the medium...Thanks to Wall Street your slice of the American Pie has been reduced to a crumb.
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05-30-2011, 06:56 AM #35Registered User
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i hope it keeps going up to force people to find alternatives
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05-30-2011, 11:19 PM #36Windy City ELITE MEMBER
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According the Goldman Sachs, oil (and therefore gas) will be going up soon and be high for the Summer.
GS is forecasting U.S. gas to be at or about $5 per gallon.Don't go around saying the world owes you a living. The world owes you nothing. It was here first.
Mark Twain
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05-30-2011, 11:25 PM #37Windy City ELITE MEMBER
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Goldman Sachs is forecasting higher oil and therefore higher gas prices in the US.
GS is forecasting $5 gas per gallon sometimes during the Summer.Don't go around saying the world owes you a living. The world owes you nothing. It was here first.
Mark Twain
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05-31-2011, 09:39 AM #38Sancho
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Originally Posted by Big Smoothy
I saw that and you know the greedy Jews at the NYMEX can't wait for it.
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05-31-2011, 10:03 AM #39Is Doin It 4 Da Shorteez
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yes, and I'm sure they will be the cause of that.... Originally Posted by Big Smoothy
this is why I say participants in certain commodities markets should be limited to those in that industry and/or those that actually have the capacity to take delivery of that said commodity.I train differently than most, my beef is with gravity the weights on the bar are just the medium...Thanks to Wall Street your slice of the American Pie has been reduced to a crumb.
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05-31-2011, 04:20 PM #40Junior Member
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Damn
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05-31-2011, 06:17 PM #41Founder of GOSB SUPER MODERATOR
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+1 Originally Posted by lam
Disclaimer: All health, fitness, diet, nutrition, anabolic steroid & supplement information posted here is intended for educational and informational purposes only, and is not intended as a substitute for proper medical advice from a medical doctor. We do not condone the use of anabolic steroids (AAS), all information about AAS is for educational and entertainment purposes only. If you choose to use AAS it's your responsibility to know the laws of the country that you live in. Consult your physician or health care professional before performing any of the exercises, or following any diet, nutrition or supplement advice described on this website.
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05-31-2011, 09:18 PM #42primeau
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Petro forecast from one of the best in the biz
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06-01-2011, 12:15 AM #43Is Doin It 4 Da Shorteez
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I wonder what effect there will be on crude oil prices and other commodities if/when the CIS becomes a full member in the OECD? Originally Posted by lnvanry
I train differently than most, my beef is with gravity the weights on the bar are just the medium...Thanks to Wall Street your slice of the American Pie has been reduced to a crumb.
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