| Author |
 Topic  |
|
|
Country
1000+ Penny Miser Member
USA
3121 Posts |
 Posted - 01/17/2010 : 14:49:14
|
|
You must be logged in to see this link.
|
---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
|
|
|
redneck
1000+ Penny Miser Member
1273 Posts |
Posted - 01/17/2010 : 18:14:38
|
quote:
Over the next year or two, you will likely find yourself paying a LOT more at the gas pump.
Agreed.
quote:
Big changes are taking place in the oil industry.
Agreed.
quote:
With increased global demand and declining supply, easy oil is not so easy anymore.
Bull$hit.
However, I do think that oil stocks will perform very well. If anything, they should keep pace with inflation due to our falling dollar.
They have cut exploration and oil production way, way, back.
This will eventually create another bubble.
Historically, oil has traded for approximately $35 a barrel.
In January 1999 oil fell all the way down to $17 a barrel after increased oil production from Iraq coincided with the Asian Financial Crisis, which reduced demand.
During the following years demand increased slowly but production was kept low in order to increase profits.
They then had a taste of pure gravy when oil reached $147 a barrel in July 2008. Less than 6 months later it was trading at $33 a barrel.
Currently it is trading around $80 a barrel.
They have not forgot what gravy tastes like... I assure you...!
Think of it this way.
If you could create a shortage, raise prices, reduce costs and make a profit equal to or exceeding your profit before the so-called shortage, would you do it...?
>
|
 |
|
|
kirkland
New Member
USA
0 Posts |
Posted - 01/21/2010 : 13:10:11
|
| Right on the money, redneck. Great reply post! |
|
|
| |
Topic |
|
|
|
Cheap Oil is Gone, and That's Good News
Forum Locked
