Future Price of Oil ??

[atpcliff]

Hi!

We went to war with Iraq for two main reasons, and both of the start with oil.

Obviously, we need oil, because Ford, Reagan, Bush Sr., Clinton, and Bush Jr. have screwed us out of the energy leadership we needed. Iraq has a lot of oil.

The second reason is the one being discussed here. Hussein was going to switch to trading oil via the Euro, which, if successfully adopted by many countries, would be very bad news for the US economy, as many of the articles mentioned above will explain.

I'd like a plug-in hybrid that is powered by the electrical battery and a natural gas powered ICE.

Cliff
GRB

 

[Old School 737]

oil

If the question was how much for the the future price of oil then I would say 75+. Do I have any hard numbers like some of you guys, no. But it was around that last year and I'm sure that it will hit that and then some this summer when it always goes up due to " demand" issues. So what does it mean for airlines? I hope all management (all airlines) figure out that its time to raise prices or at least tack on fuel charges like the freighters do. But its management so I am not holding my breath.

 

[WMUSIGPI]

Swerpipe,
You're right. Putting money in this will be very smart. Energy is a several trillion dollar/year industry.

If anyone wants to invest with Mr. Goldes send me a private message and I'll tell him how to contact you.

I really recommend you research ZPE extensively first though.

You have to have a $1,000,000 net worth (why I couldn't invest!) and the minimum investment is $10,000.00

This technology needs investing in badly.

Jet

You do realize this is a pilot forum.... Try the engineers' or ceos' up the block.

 

[Tex]

http://energybulletin.net/13192.html

Here is the devil's advocate to the past links.

 

[Tex]

http://energybulletin.net/13192.html

http://energybulletin.net/13192.html

 

[jetflyer]

Tex,

Great find. That was the first time I'd read anything that said that the Iranian Oil bourse would be no big deal, that almost noone would go to it to trade oil, and that the dollar will always rule oil transactions.

Makes me wonder. Is he right? He may be....

I think what really matters is what the perceptions of those in power are. If they think the oil bourse is a threat they're going to try to prevent it. If they think it's no big deal or that there's nothing that can be done to stop it, we'll get to see if the author of this article is correct.

If anyone goes to stop the Iranian Oil bourse I think it will be Israel, because I don't see the U.S. doing it. We've got our hands way too full in Iraq.

March 20th will be the day to watch. If it comes and the bourse begins, we'll get to see what happens. If Israel is bombing Iran in mid to early March, we'll get to see what happens.

Either way, I'll post any articles on here that are relevant current events on the Iranian Oil bourse.

Jet

 

[SkiFishFly]

Tex,

Great find. That was the first time I'd read anything that said that the Iranian Oil bourse would be no big deal, that almost noone would go to it to trade oil, and that the dollar will always rule oil transactions.

Makes me wonder. Is he right? He may be....


Jet

Jet,
Guess you just completely missed the points in my earlier post.

Life must be hell when you are sooo paranoid.

ATPCliff,
I guess the war in Iraq had nothing to do with violations of cease fire agreements and UN resolutions not to mention almost daily attempts to shoot down US pilots enforcing some of those UN resolutions.

 

[jetflyer]

SkiFish,

I understood your points and I tried to answer them earlier on who would have an advantage trading in the euro. I think even the couple countries that you mentioned switching away from the dollar has the possibility of having a bad effect on the dollar. I thought you had a great question.

The bottom line is we don't know. If the exchange really takes off and just a couple of our "enemies" sell oil or buy oil buy in euros, it has the possibility of really being bad.

Even in that devil's advocate article, they "don't know what will definitely happen". They think they're right, but others think they're right when they say it could cause a dollar meltdown.

I think there are enough countries that don't like us like Venezuela, China, maybe even Russia, Libya, and many others that may try to trade in the euro.

We'll have to wait and see.

I personally think the threat is great enough to the dollar that there is probably a great effort now to stop it and there may be a greater effort in the near future.

Jet

 

[Dizel8]

While Iran could start their oil bourse and trade in Euro, it isn't quite so cut and paste easy. The US economy, whether the world likes it or not, is really at present what drives the world economy. So many countries are very deeply dependent upon trade with the US, recession is the US is bad for all of them.

The US is by far the largest importer of oil, Chavez may not like us, but he needs us to buy his oil.

In the case of Iran, it isn't just the US that is a bit peeved about their "peaceful" nuclear research, most of Europe is not too keen on the idea of a Iranian nuke either.

 

[jetflyer]

Good points.

So maybe the Iranian Oil bourse will be a dud, and the U.S. will through diplomacy discourage others to trade in the euro, rather than militarily.

What a great concept, using diplomacy...

Time will tell....

Jet

 

[jetflyer]

Iran just made an agreement with Russia to do enrichment on Russian soil. I predict this is because Russia does not want to see an invasion on Iran and wants to see the Iranian Oil Bourse open. They want a weak U.S., and Putin and Russia still hold resentments against the U.S. for crashing their economy to ruins.

I predict the powers in the U.S. think this is a bad thing because they want to go to Iran, for several reasons:
1) Stop the Oil bourse
2) To get the regime in Iran out of power and insert a pro-U.S. leader there.
3) To keep the oil flowing in the future and not have a maniac hold that much oil and have the ability to hold world economies ransom.
4) To stop Iran's ability to close the Strait of Hormuz, where much of the world's oil, including Saudi Arabia's oil travels through.
5) Iran is a member of the Axis of EEEEEEEVIIIIILLLLLL

Iran has said they want to continue enrichment in Iran, even if they do some enrichment in Russia.

So maybe the game is still on?

Jet

 

[atpcliff]

Hi!

Here it is:

http://www.avweb.com/eletter/archive...ll.html#191663

Quote:
Researchers in North Dakota say they have been working for four years on a process that converts soybean or canola oil into aviation turbine fuel. The biofuel, which is now almost ready for an Air Force test, runs colder and cheaper than conventional jet fuel and is more environmentally friendly, the Grand Forks Herald reported on Friday. The researchers said they have found a way to solve a problem with the fuel's tendency to "gel" at low temperatures, and that it is now working at temperatures of 75 below zero (Fahrenheit). Air Force scientists have tested earlier versions of the fuel, and found it performed as well as regular JP-8 jet fuel. The biofuel is being studied by a new sustainable-energy initiative between the University of North Dakota and North Dakota State University in Fargo. Wayne Seames, a UND chemical engineering professor, and Ted Aulich, a senior researcher at the Energy and Environmental Research Center, have been working together on the project. "There's still a lot of work to do," Seames told the Herald.

Cliff
YIP

 

[7S3W7A]

The best thing for everyone would be $100 per barrel of oil. SWA would be insulated enough to wait out the death of a legacy carrier before it dropped back down to $60 or so and I will make a few hundred thousand on oil stocks.

If only we were lucky enough to have that Saudi rig blown to pieces. Damn rent-a-cops stopped them. Hopefully the hurricane season coming up will shut down a few refineries for a few months and rocket the price back up.

$100 boys. Good for SWA and good for stock holders.

 

[EMB170Pilot]

I invested in oil when Bush was elected to his 1st term.....It isn't rocket science folks on how to make money

 

[jetflyer]

Yea I made about 50% last year on energy and gold.

Jet