• NC Software is proud to announce the release of APDL - Airline Pilot Logbook version 10.0. Click here to view APDL on the Apple App store and install now.

oil going back up....

gt1900

Well-known member
Joined
Feb 12, 2005
Posts
609
Total Time
37
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...
 

greyhound

Well-known member
Joined
Jan 14, 2003
Posts
200
Total Time
1200
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..
 

ATRCA

Well-known member
Joined
Nov 26, 2001
Posts
835
Total Time
tons
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..............
 

Bringupthebird

Grumpy? Who-Me?
Joined
Feb 7, 2006
Posts
2,182
Total Time
16120
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.
 

ACL65PILOT

Well-known member
Joined
Dec 6, 2006
Posts
4,621
Total Time
9000+
I expect them to go back up for a little bit, but the world economic pressures will keep it trending down.
 

Green Banana

Request Direct Honolulu..
Joined
Dec 16, 2001
Posts
566
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.
 

Raskal

big member, little pay
Joined
Aug 22, 2002
Posts
926
Total Time
*sigh*
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.
 

Secret Squirrel

Well-known member
Joined
Jun 6, 2003
Posts
1,257
Total Time
some
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.
 

gt1900

Well-known member
Joined
Feb 12, 2005
Posts
609
Total Time
37
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 +
 

Secret Squirrel

Well-known member
Joined
Jun 6, 2003
Posts
1,257
Total Time
some
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 +

Yep you are right, my ticker was showing after hours. And on a related note my gas station down the street ran out of gas. Good thing I stocked my fall out shelter with food and supplies for Y2K. MRE's don't expire, do they?
 

Hutchman

Well-known member
Joined
Jan 3, 2006
Posts
451
Total Time
12000+
And on a related note my gas station down the street ran out of gas. Good thing I stocked my fall out shelter with food and supplies for Y2K. MRE's don't expire, do they?

Bad joke right now. I am down here in Houston with 6 million other folks. Some of us are eating MRE's right now and the gas station DID run out of gas.
 

ParrotheadPilot

I'm Ron Burgandy?
Joined
Nov 26, 2004
Posts
84
Total Time
3000
The Fed is set to lower interest rates again (they have to now)

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


Not sure if you saw or not but the Fed kept the key interest rate steady at 2.0% yesterday. I think it was a signal that they won't lower rates anymore.
 

waveflyer

Well-known member
Joined
Jan 9, 2005
Posts
10,005
Total Time
12000
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...

great. another management geek logging on to make sure we're all scared to death of the finances of our airlines. w/ half of us in section 6- it's a nice tactic-only thing that controls us like fear does is knowing we aren't in control of the forces that keep us broke-

iow- who gives a sh-t what oil does at this point?
regards,
wave
 

snow-back

Well-known member
Joined
Jul 16, 2004
Posts
329
Total Time
13000
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...

It sounds like you've found a great opportunity to make some money. Invest wisely.
 

V-1

Well-known member
Joined
May 24, 2002
Posts
520
Total Time
8000
Bad joke right now. I am down here in Houston with 6 million other folks. Some of us are eating MRE's right now and the gas station DID run out of gas.

Best wishes down there.
 

PCL_128

Well-known member
Joined
Nov 21, 2002
Posts
15,296
Total Time
5000+
No need to panic. Oil leveled off at $100 and stopped the climb. The trend will continue down. People are just a little freaked out about the past few days of economic misery (thanks, GWB). Once the panic passes, things will return to the normal downward trend. Oil will be at or near $80/bbl by year's end.
 

BoilerUP

Citation style...
Joined
Nov 11, 2003
Posts
5,311
Total Time
1500+
No need to panic. Oil leveled off at $100 and stopped the climb. The trend will continue down. People are just a little freaked out about the past few days of economic misery (thanks, GWB).

How is "the last few days of economic misery" Bush's fault, again?
 

Bad-Andy

waiting.......
Joined
Jan 31, 2002
Posts
324
Total Time
11k
How is "the last few days of economic misery" Bush's fault, again?

Complete lack of oversight. Complete lack of morality. No accountability for out-of-control Corporate Bosses. Short-term (immediate) profit taking more importance than long-term viability of companies. Exorbitant corporate bonuses with no regard for the actual health of the firm.

Bush (and his cabinet) allowed all of this to happen. The reasons why can be debated until we're blue in the face (if you like him it's free market capitalism at work, if you hate him, it's corporate cronyism...). But, the reality is, he is at the helm and should have been watching for icebergs (especially as a Harvard MBA)...

Hopefully McCain will live up to his promise of reform and fix a lot of these abuses of power.
 
Top