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View unanswered posts | View active topics
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PeakingAroundtheCorner
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Post subject: Re: Another Record ($114.53)  Posted: Wed Apr 16, 2008 10:12 am |
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Joined: Sun Apr 08, 2007 12:00 am
Posts: 528
Location: Cleburne, TX, USA
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idomar wrote: is there any reason for the $2 down tick from the high?
Did someone open the SPR? find a huge deposit somewhere? ban all cars from the road?
Right? This is making me look like a fool on another board. It's bad enough we have a new peak, which is making us all look like crackpots.
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Gandalf_the_White
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Post subject: Re: Another Record ($114.53) Posted: Wed Apr 16, 2008 10:13 am |
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Joined: Wed Nov 21, 2007 1:00 am
Posts: 178
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You guys are worrying about nothing. The pressure is upwards, $120 by Memorial Day, I might even go $130 in a crazy spike that will frighten everyone.
_________________
I return to you now at the turning of the tide.
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gnm
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Post subject: Re: Another Record ($114.53) Posted: Wed Apr 16, 2008 10:15 am |
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Joined: Thu Jul 08, 2004 12:00 am
Posts: 3137
Location: plundering eco-villages
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Gandalf_the_White wrote: You guys are worrying about nothing. The pressure is upwards, $120 by Memorial Day, I might even go $130 in a crazy spike that will frighten everyone.
THATS what I'm worried about! 
-G
_________________
I Have and will continue to vote against ANY politician who supports the various bailouts. Curse you for selling out our future for status quo now!
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emersonbiggins
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Post subject: Re: Another Record ($114.53) Posted: Wed Apr 16, 2008 10:17 am |
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Joined: Sun Jul 10, 2005 12:00 am
Posts: 5320
Location: Dallas
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PeakingAroundtheCorner wrote: idomar wrote: is there any reason for the $2 down tick from the high?
Did someone open the SPR? find a huge deposit somewhere? ban all cars from the road? Right? This is making me look like a fool on another board. It's bad enough we have a new peak, which is making us all look like crackpots. Was it a real peak, or just OPEC releasing its stockpiles? I couldn't find a real straight answer for that.
_________________
"It's called the American Dream because you'd have to be asleep to believe it."
George Carlin
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smallpoxgirl
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Post subject: Re: Another Record ($114.53) Posted: Wed Apr 16, 2008 10:23 am |
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Joined: Mon Nov 08, 2004 1:00 am
Posts: 7742
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PeakingAroundtheCorner wrote: Right? This is making me look like a fool on another board. It's bad enough we have a new peak, which is making us all look like crackpots.
Yeah. For the first year or so I was on this site, I worried it was all BS. Back then oil was $40 a barrel. I stopped worrying a while ago. Be patient. Commodities fluctuate up and down in the short term. In the long term, it's going no where but up.
_________________
"We were standing on the edges
Of a thousand burning bridges
Sifting through the ashes every day
What we thought would never end
Now is nothing more than a memory
The way things were before
I lost my way" - OCMS
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dunewalker
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Post subject: Re: Another Record ($114.53) Posted: Wed Apr 16, 2008 10:33 am |
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Joined: Thu Jun 30, 2005 12:00 am
Posts: 1265
Location: northern California
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Now they're practically giving the stuff away! It's "down" in the $112 range. So easily we become jaded with "extremes"!
_________________
"Wilderness is another civilization apart from our own." - H.D. Thoreau
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nth
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Post subject: Re: Another Record ($114.53) Posted: Wed Apr 16, 2008 10:36 am |
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Joined: Thu Feb 24, 2005 1:00 am
Posts: 1976
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The whole idea that this is speculator driven is bs when you actually have oil refineries paying high prices to buy real oil. Real oil deliveries are still going up. This bull has legs.
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idomar
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Post subject: Re: Another Record ($114.53) Posted: Wed Apr 16, 2008 11:01 am |
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Joined: Tue Mar 20, 2007 12:00 am
Posts: 174
Location: There is no hope for the future
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smallpoxgirl wrote: Yeah. For the first year or so I was on this site, I worried it was all BS. Back then oil was $40 a barrel. I stopped worrying a while ago. Be patient. Commodities fluctuate up and down in the short term. In the long term, it's going no where but up.
I have watched this dog and pony show for a while now and I think I understand the principles of supply and demand, but when there are days like this, where there is a draw and the price goes down i think i should just throw out my old economics textbooks and write my own.
'The laws of supply and demand state that: If the availabilty of a item becomes more scarce, then the price will increase until equilibrium is restored or the price will go down, it all depends, make up your own mind, stop bugging me, what do I know'
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lowem
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Post subject: Re: Another Record ($114.53) Posted: Wed Apr 16, 2008 11:05 am |
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Joined: Mon Jul 19, 2004 12:00 am
Posts: 1754
Location: Singapore
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Now what's all this panicking about?
$112 too low for the crowd here? 
livequotes shows us on a nice recovery back up above $113.60 again!
_________________
Live quotes - oil/gold/silver
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smallpoxgirl
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Post subject: Re: Another Record ($114.53) Posted: Wed Apr 16, 2008 11:11 am |
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Joined: Mon Nov 08, 2004 1:00 am
Posts: 7742
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idomar wrote: 'The laws of supply and demand state that: If the availabilty of a item becomes more scarce, then the price will increase until equilibrium is restored
It will. The supply and demand of oil vary over months and years. On that time scale, economics governs the trends. The short term is more aptly predicted by chaos theory. A two percent drop means nothing.
_________________
"We were standing on the edges
Of a thousand burning bridges
Sifting through the ashes every day
What we thought would never end
Now is nothing more than a memory
The way things were before
I lost my way" - OCMS
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lowem
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Post subject: Re: Another Record ($114.53) Posted: Wed Apr 16, 2008 11:12 am |
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Joined: Mon Jul 19, 2004 12:00 am
Posts: 1754
Location: Singapore
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Euro's making a break for 1.60.
A break-out above that and $120 oil here we come.
Meanwhile USDX has broken down from its consolidation pattern at 72 on its way to 70. Look out below!
_________________
Live quotes - oil/gold/silver
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UncoveringTruths
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Post subject: Re: Another Record ($114.53) Posted: Wed Apr 16, 2008 11:25 am |
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Joined: Thu Nov 04, 2004 1:00 am
Posts: 920
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lowem wrote: Euro's making a break for 1.60.
A break-out above that and $120 oil here we come.
Meanwhile USDX has broken down from its consolidation pattern at 72 on its way to 70. Look out below!
Oscar was an unlucky sap. Having just spent megabucks on a skydiving
class, he dove out of the airplane and pulled the ripcord. The chute
emerged, tangled, and he cut it free. He then pulled the cord on the
reserve chute, and it also was tangled. He prayed to his God and looked
down to the ground below. To his amazement, a woman was coming up with
equal velocity. "Hey, you know anything about parachutes?" he shouted
to her, as they passed by. The reply: "No... you know anything about
Coleman stoves?"
_________________
It's a cold cold world when a man has to pawn his shoes.
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Zardoz
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Post subject: Re: Another Record ($114.53) Posted: Wed Apr 16, 2008 11:48 am |
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Joined: Fri Dec 02, 2005 1:00 am
Posts: 6603
Location: Oil-addicted Southern Californucopia
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Worth posting, I'd say:
Upstream Online
(BTW, Barchart.com is showing 114.95 as the intraday high.)
_________________
"Thank you for attending the oil age. We're going to scrape what we can out of these tar pits in Alberta and then shut down the machines and turn out the lights. Goodnight." - seldom_seen
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joewp
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Post subject: Re: Another Record ($114.53) Posted: Wed Apr 16, 2008 12:35 pm |
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Joined: Tue Apr 05, 2005 12:00 am
Posts: 1778
Location: Out in the streets of a runaway american dream
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Another day, another dollar.
$115.07 within about 5 minutes of the close. Closed at approximately $114.79.
_________________
Joe P. United Political Debate
"Only when the last tree is cut; only when the last river is polluted; only when the last fish is caught; only then will they realize that you cannot eat money." - Cree Indian Proverb
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vision-master
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Post subject: Re: Another Record ($114.79) Posted: Wed Apr 16, 2008 1:18 pm |
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Joined: Thu May 18, 2006 12:00 am
Posts: 5783
Location: Out of this World
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So $3.35 gal will be $3.49 next week?
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