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oil going back up....

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gt1900

Well-known member
Joined
Feb 12, 2005
Posts
609
You guys watch.. With all the turmoil in the stock market investors are gonna dive back into oil commodities... I'm gonna guess we will see oil back into the $120 range in the not too distant future.. Unless the banks can get investors to calm down and get the market under control.. I don't see it hitting $140 again because demand is down so much, but its going to be a wild ride... Looks to already be starting... Lets all hope I'm wrong...
 
yup

Greedy investors see an opportunity and will now artificially bloat the price back up.

i'm all for a "laiser faire" (sp) economy, but we need some oversight in some markets.

hope were wrong..
 
The Fed is set to lower interest rates again (they have to now) and that always sends the dollar down and investors flock to commodities as a safe haven for thei money, hence oil on the rise. We've been told for years that a "hands off" approach to the markets and the financial system is in "our" best interest.

Oops..............
 
No, oils only going back up due to inflation fears and a weakening dollar thanks to the Treasury's Open Wallet Approach. The speculators won't speculate with their own money, so they won't drive the price up.

But lease rates which are tied to credit markets will probably soar, leading to parked aircraft, insufficient cash from remaining operations to cover the higher CASM (along with higher holdbacks required by Credit Card companies) and the eventual bankruptcy/liquidation of marginal players.

On the other hand, maybe Delta will come up with yet another paint scheme to take our minds off of everything.
 
I expect them to go back up for a little bit, but the world economic pressures will keep it trending down.
 
Yes, we all know it goes up and down, that's why it's called a market. You cannot predict the future or you would be making money trading futures and not reading web boards. Please stop posting a new thread every time oil changes price.
 
The Fed is set to lower interest rates again (they have to now) and that always sends the dollar down and investors flock to commodities as a safe haven for thei money, hence oil on the rise. We've been told for years that a "hands off" approach to the markets and the financial system is in "our" best interest.

Oops..............

I don't know, the didn't lower it yesterday when everyone thought they would. IMHO not raising them helped make all of this even worse and battered the dollar over a long period. Besides, the rate is already at 2%, how much further can they go?

But, what do I know, no bailout for Lehman but loads of cash for AIG. Go figure.
 
You guys watch.. With all the turmoil in the stock market investors are gonna dive back into oil commodities... I'm gonna guess we will see oil back into the $120 range in the not too distant future.. Unless the banks can get investors to calm down and get the market under control.. I don't see it hitting $140 again because demand is down so much, but its going to be a wild ride... Looks to already be starting... Lets all hope I'm wrong...

Looks like it only went up .29. That is not a huge run up. I think decreasing demand and a tightening credit market will keep it low. I see it heading down to $80. But then again my crystal ball told me to take a job at Airtran and look where that got me.
 
SS.... Not sure what market you watch but oil closed up almost $6 a barrel today. Its up another 40 cents in after hours trading.. Almost $98 a barrel again.. On Mon. or Tues. it was down below $90 for a short time.. In other words, its up about $8 a barrel in less then 2 days.... Its going up again.... Plan on $110 +
 

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