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Relax guys I think oil has peaked for this year

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Old 01-25-2011, 11:48 PM
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Default Relax guys I think oil has peaked for this year

http://futures.tradingcharts.com/mar...php3?market=CL

While this is not written in stone I am not seeing the spike for future contracts.I still say we could trade above 100 a barrel probably in May but I think thats about it.


Just hope nobody brings this thread back in September and makes me look like an azz.
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Old 01-25-2011, 11:55 PM
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Quote:
Originally Posted by Expensive Date View Post
http://futures.tradingcharts.com/mar...php3?market=CL

While this is not written in stone I am not seeing the spike for future contracts.I still say we could trade above 100 a barrel probably in May but I think thats about it.


Just hope nobody brings this thread back in September and makes me look like an azz.
That's not what they are saying around here at my work. They are saying $4.50 a gal by summer and $5 by the end of the year. Man I hope it is just talk
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Old 01-25-2011, 11:58 PM
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That's not what they are saying around here at my work. They are saying $4.50 a gal by summer and $5 by the end of the year. Man I hope it is just talk
Don't see it the futures but if they are so sure buy the call options for June,July they will pay for there fuel for years.
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Old 01-26-2011, 05:56 AM
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I was watching some news talk show a few weeks ago that had an oil exec. on and he was saying that it won't hit $5.00 untill June of 2012 but will stay there and go above from that point on. But hey thats just TV, who knows for sure.
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Old 01-26-2011, 06:59 AM
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I was watching some news talk show a few weeks ago that had an oil exec. on and he was saying that it won't hit $5.00 untill June of 2012 but will stay there and go above from that point on. But hey thats just TV, who knows for sure.
Well I guess all we can do is set back and see what happens. If I hear anything at work I'll be sure to share it
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Old 01-26-2011, 07:13 AM
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This is what we should up in arms about. We all should write our congressman and demand the drill here now. What is wrong with this country, they drill a mile under the ocean
and buy the way we see they shouldn't, when we have oil we could get on land with a lot less chance of a disaster. I hope you can open this, you may have to copy and paste.
http://.usgs.gov/newsroom/article.asp
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Old 01-26-2011, 07:17 AM
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Sorry guys, here is the link
http://www.usgs.gov/newsroom/article.asp
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Old 01-26-2011, 07:20 AM
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The link will not open from here, however you can type in your browser and open it, it is worth the read.

Last edited by twin screws; 01-26-2011 at 07:29 AM.
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Old 08-04-2011, 10:15 PM
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http://www.cnbc.com/id/15839171


Ok timing was a little off,but I told you you would not see $150.00 oil this summer.

The chart is live 10:16 PM 08/04/2011 West Texas crude $85.35
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Old 08-04-2011, 11:11 PM
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still paying for it @ the pump like its $150 a barrel tho...
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