Home › Forums › Financial Markets/Economics › Oil is looking real tasty
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MadeInTaiwan.
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December 5, 2008 at 9:37 AM #14573December 5, 2008 at 9:58 AM #311794
peterb
ParticipantYou may also want to consider that at $42/bbl, most of OPEC’s competitors cannot make a profit and thus will cease to operate if this maintains for too long. This may not be the bottom for oil, but I bet it’s dang close. Maybe it could drop another 10%? But of course, the next question is, “what’s out there to cause it to rise?” Look at oil performance for most recessions. Not too good. But it could be good for a 15% pop over a few months.
December 5, 2008 at 9:58 AM #312151ParticipantYou may also want to consider that at $42/bbl, most of OPEC’s competitors cannot make a profit and thus will cease to operate if this maintains for too long. This may not be the bottom for oil, but I bet it’s dang close. Maybe it could drop another 10%? But of course, the next question is, “what’s out there to cause it to rise?” Look at oil performance for most recessions. Not too good. But it could be good for a 15% pop over a few months.
December 5, 2008 at 9:58 AM #312182ParticipantYou may also want to consider that at $42/bbl, most of OPEC’s competitors cannot make a profit and thus will cease to operate if this maintains for too long. This may not be the bottom for oil, but I bet it’s dang close. Maybe it could drop another 10%? But of course, the next question is, “what’s out there to cause it to rise?” Look at oil performance for most recessions. Not too good. But it could be good for a 15% pop over a few months.
December 5, 2008 at 9:58 AM #312204ParticipantYou may also want to consider that at $42/bbl, most of OPEC’s competitors cannot make a profit and thus will cease to operate if this maintains for too long. This may not be the bottom for oil, but I bet it’s dang close. Maybe it could drop another 10%? But of course, the next question is, “what’s out there to cause it to rise?” Look at oil performance for most recessions. Not too good. But it could be good for a 15% pop over a few months.
December 5, 2008 at 9:58 AM #312271ParticipantYou may also want to consider that at $42/bbl, most of OPEC’s competitors cannot make a profit and thus will cease to operate if this maintains for too long. This may not be the bottom for oil, but I bet it’s dang close. Maybe it could drop another 10%? But of course, the next question is, “what’s out there to cause it to rise?” Look at oil performance for most recessions. Not too good. But it could be good for a 15% pop over a few months.
December 5, 2008 at 10:02 AM #311799kewp
ParticipantAll I know is I filled up for $1.69 a gallon @CostCo yesterday and it was *awesome*.
Can some explain to me why cheap gas and housing is bad, again?
December 5, 2008 at 10:02 AM #312156ParticipantAll I know is I filled up for $1.69 a gallon @CostCo yesterday and it was *awesome*.
Can some explain to me why cheap gas and housing is bad, again?
December 5, 2008 at 10:02 AM #312187ParticipantAll I know is I filled up for $1.69 a gallon @CostCo yesterday and it was *awesome*.
Can some explain to me why cheap gas and housing is bad, again?
December 5, 2008 at 10:02 AM #312209ParticipantAll I know is I filled up for $1.69 a gallon @CostCo yesterday and it was *awesome*.
Can some explain to me why cheap gas and housing is bad, again?
December 5, 2008 at 10:02 AM #312276ParticipantAll I know is I filled up for $1.69 a gallon @CostCo yesterday and it was *awesome*.
Can some explain to me why cheap gas and housing is bad, again?
December 5, 2008 at 10:16 AM #311819ParticipantIt’s bad because it pretty much portends a depression. One that may effect you. Inflations a pain, but at least you have a job. Deflation starts off being great because your see the leading edge as things become less expensive, then all of the sudden you get unemployed and then it aint so great. But if you’ve got cash reserves, it’s a party!!
December 5, 2008 at 10:16 AM #312176ParticipantIt’s bad because it pretty much portends a depression. One that may effect you. Inflations a pain, but at least you have a job. Deflation starts off being great because your see the leading edge as things become less expensive, then all of the sudden you get unemployed and then it aint so great. But if you’ve got cash reserves, it’s a party!!
December 5, 2008 at 10:16 AM #312206ParticipantIt’s bad because it pretty much portends a depression. One that may effect you. Inflations a pain, but at least you have a job. Deflation starts off being great because your see the leading edge as things become less expensive, then all of the sudden you get unemployed and then it aint so great. But if you’ve got cash reserves, it’s a party!!
December 5, 2008 at 10:16 AM #312229ParticipantIt’s bad because it pretty much portends a depression. One that may effect you. Inflations a pain, but at least you have a job. Deflation starts off being great because your see the leading edge as things become less expensive, then all of the sudden you get unemployed and then it aint so great. But if you’ve got cash reserves, it’s a party!!
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