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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.
 
ATRCA said:
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..............
Click to expand...

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.
 
gt1900 said:
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...
Click to expand...

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 +
 
gt1900 said:
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 +
Click to expand...

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?
 
Secret Squirrel said:
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?
Click to expand...

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.
 
gt1900 said:
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...
Click to expand...

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
 
gt1900 said:
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...
Click to expand...

It sounds like you've found a great opportunity to make some money. Invest wisely.
 
 
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.
 
PCL_128 said:
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).
Click to expand...

How is "the last few days of economic misery" Bush's fault, again?
 
BoilerUP said:
How is "the last few days of economic misery" Bush's fault, again?
Click to expand...

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.
 
BoilerUP said:
How is "the last few days of economic misery" Bush's fault, again?
Click to expand...

There's a pretty good case to be made that what is happening is a result of lack of Government oversight and unabated greed is what is playing out right now.
The Republican "trickle down theory of economics" trickled into the pockets of a wealthy few a lot more than it trickled down.
 
Bad-Andy said:
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.
Click to expand...

McCain and the repub's have since 05 have been trying to reform Freddie an Fannie but was blocked buy the dem congress...Check the congressional record.


Freddie an Fannie have been money trees for former dem operatives for years.

Clinton's OMB Dir was the head of Fannie for 6 yrs and pulled down 80 mil.

Hell Obama is second only to Dodd in getting lobbying money from Freddie and Fannie. $126,000 for Obama and $186,000 for Dodd.

Blaming the Repub's does not hold water.
 
Last edited:
Cheeta said:
McCain and the repub's have since 05 have been trying to reform Freddie an Fannie but was bloked buy the dem congress...Check the congresstional record.

Freddie an Fannie have been money trees for former dem opperitives for years.

Clinton's OMB Dir was the head of Fannie for 6 yrs and pulled down 80 mil.

Hell Obama is second only to Dodd in getting lobbying money from Freddie and Fannie. $126,000 for Obama and $186,000 for Dodd.

Blameing the Repub's does not hold water.
Click to expand...


Freddie and Fannie are only a part of the economic meltdown that is happening right now. Look at WaMu, AIG, Bear-Stearns, (and my bet is 2-3 more to follow in the near future). Those have nothing to do with "former dem opperitives" (your spelling, not mine).

And, your statement about McCain and Repubs trying to fix things since '05 is completely inaccurate. The dems did not win control of the Senate until the 2006 election, taking over in January of 2007. So, from 2005-2007, the repubs had control of the Senate and the White House. Where was the reform? It was non-existent.

A more accurate statement would have been that John McCain has been battling both the Repubs and Democrats on this issue since 2005 (actually a lot earlier).

The old republican party (of which I am a member) has grown bloated and weak. They have become the Democrat party of the 80's and 90's (favorism, cronyism, special interests, etc). Change is what will save the party, and that change comes in the form of McCain (I hope). If not, the party will wither and lay dormant until someone else radical comes along and cleans it up. That clean up will include fixing things that other repubs (GWB) broke -- like rules governing corporate America.

So, I would sum it up by saying, yes the repubs are the problem. However, the dems are by no means the solution...
 
PCL_128 said:
That was a joke, right?
Click to expand...

No joke at all (and no, not sarcasm either). The repub party is broken, and my hope is that McCain can (and be willing to) fix it.

I'm not as anti-Obama as some of the other posters here. I don't think it's the end of the world if he wins (unless he gets whacked, as Biden scares the crap out of me...) -- then we're all doomed.

However, I think McCain (if he really is a reformer) is the better choice to clean up Washington and Wall Street. Just my opinion.......
 
Hutchman said:
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.
Click to expand...

There's that indomitable hunter/gatherer instinct coming to the fore during trying times. Food water and gas in short supply and he's seeing what he can find on FI!

Seriously though, hope things return to normal there soon.
 
PCL_128 said:
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.
Click to expand...

I agree. Oil still below $100. Speculators would be crazy to allow price to jump too high, again, afterall, much of the reason the price has been going down, is due to a fall in demand, because of the high prices.

As for those who listen to these "analysts". We are supposed to have $200 oil at this point, according to some analyst, and when oil dropped to $115, analysts were saying it wouldn't go any lower.
 
the common sense school of business.
oil president= oil profits.
last year of oil president= no accountability= bigger oil profits.
But $150/bl oil won't happen at election time where republicans/profits are at risk. They made their money- but they have to attempt to keep it going.
 
waveflyer said:
the common sense school of business.
oil president= oil profits.
But $150/bl oil won't happen at an election where republicans/profits are at risk. They made their money- but they have to attempt to keep it going.
Click to expand...

So you think VOTE DEMOCRAT will make oil and fuel prices go down?
 

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