oil going back up....

[gt1900]

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]

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]

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..............

 

[Capt. Qdoba]

Oil going back up...

And United's Management saying "THANK GOD!"

 

[Bringupthebird]

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]

I expect them to go back up for a little bit, but the world economic pressures will keep it trending down.

 

[Green Banana]

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]

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]

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]

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]

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]

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]

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]

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]

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]

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.

 

[BoilerUP]

OMFG the sky is falling!!!

You really didn't expect it to fall and stay at or below $90 forever, did you?

Analysts said trading could stay volatile as movements on broader financial markets could override supply and demand fundamentals.

"In the current financial turmoil, trading commodities with any theme or rationale is still exposed to extraordinary exogenous factors which can bring waves of buying or selling, unrelated to the core fundamentals of each commodity," said Petromatrix analyst Olivier Jakob.

 

[PCL_128]

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]

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]

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.