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Re: Eating my words, Oil drops below $60
Old 09-27-2006, 08:10 AM   #41
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Re: Eating my words, Oil drops below $60

Quote:
Originally Posted by Cut-Throat


People were miserable in the Carter Days. He was responsible for getting the interest rate to 20%
My and your parents were not all that miserable when it came to the return they got from cd's.*
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Re: Eating my words, Oil drops below $60
Old 09-27-2006, 08:20 AM   #42
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Re: Eating my words, Oil drops below $60

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Originally Posted by DOG52
My and your parents were not all that miserable when it came to the return they got from cd's.*
That's true. My Dad still talks about it. Unfortunately, I was a debtor then
and had no cash to invest. Timing!
I recall selling a house on land contract so my buyer could avoid
the market mortgage rates. I only got 11% interest which I thought
stunk at the time.

JG
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Re: Eating my words, Oil drops below $60
Old 09-27-2006, 08:27 AM   #43
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Re: Eating my words, Oil drops below $60

Quote:
Originally Posted by Cut-Throat
Not even close compared to the absolute idiot in the white house today!

People were miserable in the Carter Days. He was responsible for getting the interest rate to 20% - Exactly what was needed to tame inflation eventually.

Maybe you'd like to try Nixon's wage and price controls.
Hi Cut-Throat. Nice when we can agree on stuff. Bush is not the
sharpest guy around, even though he has certain traits which appeal to
me. As to Nixon's foray into "wage and price controls", I recall being
profoundly shocked, especially coming from a Republican. My
prediction for today is...............at some point these will return.
In a different form perhaps, but much more draconian than Nixon's
folly.

JG
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Re: Eating my words, Oil drops below $60
Old 09-28-2006, 09:59 AM   #44
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Re: Eating my words, Oil drops below $60

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Originally Posted by 2B
The problem with Carter is that he couldn't do anything meaningful as president in either 4 or 40 years.
Carter in 4 years: brokers peace between Egypt and Israel. Senseless war permanently ended

Bush in 6+ years: starts senseless war in Iraq based on lies. No end in sight.

what's your definition of meaningful? How about a Nobel Peace Prize. Think Dubya is in line for one of those?
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Old 10-15-2007, 03:22 PM   #45
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Quote:
Originally Posted by 2B View Post
"Some" don't have any idea what is happening in the oil patch. There is actually a horrific glut of oil and natural gas. I'd say that the price is more like $35 plux $x for uncertainty. I might be wrong but most likely on the high side.

To contain what I see as a price collapse, the Saudis will have to cut 20%.
Looks like events have confounded expectations. Anyone care to guess what is in store for the next year or few years?

Ha
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Old 10-15-2007, 05:40 PM   #46
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Ok, time for me to eat my words. I didn't think oil would ever reach $60 again, shall we shoot for $40
Uh, how about $85?
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Old 10-15-2007, 06:47 PM   #47
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Well, when I originally joined in I thought it far more likely we would go straight to $85 before going down to $60.
As for the next couple of years, I would lean towards predicting that OPEC won't be able to meet demand. Bumping prices up over $100.
Not sure if this will happen next week or in 2 years, but that is my guess
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Old 10-15-2007, 07:27 PM   #48
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What most do not understand is that it is NOT the driving season anymore and 85 dollar a barrel oil is 4 dollars a gallon for reg gasoline. So when next spring rolls around and the price is up near 90 watch out. There might be 4.50+ gasoline which is gonna hurt many.
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Old 10-15-2007, 07:30 PM   #49
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Either that OR oil may collapse back down to $70/barrel to support the $3/gallon gasoline.
Heating oil is going to go way up, but we will have to see if anything flares up in the middle east to support $85+ oil.
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Old 10-16-2007, 05:36 AM   #50
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Oil sprints towards $88 setting new record high - Yahoo! News

Well we could hit 90 a barrel next week!
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Old 10-16-2007, 09:15 AM   #51
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Well, we just filled up, $405 @ $3.00 per gallon. As long as its available we will buy it!

Dave
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