Goldman Sachs warned oil could reach $105 a barrel

[Focus]

Oil will find its Base at 56.43 next 12 mos....

$56.43/B Thats the target of the most reputable economist for the next 6 months..From there it goes higher..If you dont already own stock in refineries, its time to do so...You will only make money form here on through the remainder of 2005 and then some..YOU should look for OIL to be priced easily at 65 in the 4th Qtr. The BIG MONEY is currenty investing in Refineries. Companies like VLO (Valero Energy) and Exxon will only continue to make money in whats called the Golden Age of Refinery. This my fellow pilots is the time to invest in OIL.....

YOUR Career depends on Oil..However, the flying BUS CROWD has no idea of what it really takes to get them around...Prediction::::Look for CEO's to come together over the next few years to push ticket prices higher...YOUR already starting to see it....Baggage, taxes, etc....

As for the companies just hanging on...Well......you know what happens to your girlfriend when shes hanging on...Good Luck People.....BUYOILNOW......MAKE MONEY LATER...!!!!!!!

 

[Focus]

Instead of YEARS it will happen this YEAR!!!!!!

OIL is definately becoming a scarce commodity to REFINE...Listen to Mr. Geenspan in his speech today......He himself admits we are running out of refining power if you only listen to what he is saying.....What does this mean, you ask...Well Basicaly it definativley means the price of OIL goes higher....Without Refining Capability we only have CRUDE OIL which doesnt run well in our ENGINES> Bottom LINE.......If your working for a company that has not Hedged its FUEL COST over the next two to three years your going to be out of a JOB>>>Its actually a very simplistic equation...Supply and Demand...!!!!!!!!!!!!

The supply is there yet the demand is larger than the Refineries can handle...This has never before been something we have been subjected to in your parents life or grandparents.....Welcome to the New Age of ENERGY.

 

[kevdog]

You guys all sound like tree-huggin hippies during the 60's with all this talk about alternative energy. What we really need to do his have Bush create pre-emptive strikes on all the countries the U.S. receives oil from...mostly Canada and South America. Then we could lower gas prices to 1980's prices.

 

[atpcliff]

Hi FL280!

You might not think there's a shortage of oil, but:
The Chinese government does
The Indian government does
BP does (the 2nd largest oil company)
The Pentagon does
etc., etc., etc.

There's a shortage, because GLOBAL demand is about even with GLOBAL supply, and global demand is increasing, while global production is not.

In 2004, worldwide, we discovered 1 new barrel of oil for each barrel we used.

Cliff
PNS

PS-Gasoline will be between $2.50 -$3.00 this Memorial Day (Nat'l avg).

 

[atpcliff]

Hi!

From Business Week's Market Watch, regarding oil prices:
"In the past, there's no doubt [that the last few weeks'] numbers would have led to a sharp correction, because traders would have recognized that more oil can be produced," he said. "But now, they're saying, 'This is all they can produce, so what's going to happen in the fourth quarter when demand on a daily basis is for 3 million barrels more than the world can supply?'"

http://www.marketwatch.com/news/story.asp?column=Futures+Movers&siteid=yhoo&dist=

There is more oil in the ground now.
Can we produce enough gasoline to keep up with demand?
Will there always be oil in the ground?
If we can't produce enough gasoline to meet demand, how will we meet the demand?
Do we want our fellow citizens to be fighting Chinese troops in Asia or Africa because we don't have enough gasoline for our cars?

Cliff
PNS
PS-What do ya'll think about a military draft in 2006?

 

[coolyokeluke]

Is it too late to hedge for my Jeep?