Oil Prices at $200 a Barrel? Some Think It's Coming
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Oil Prices at $200 a Barrel? Some Think It's Coming
Oil Prices at $200 a Barrel? Some Think It's Coming
Published: Wednesday, 21 Mar 2012 | 12:38 PM ET
By: Kate Kelly
CNBC Reporter
Signs that crude futures may hit much higher levels are converging, say oil traders and analysts, some of whom predict that Brent [LCOCV1 123.25 -0.95 (-0.76%) ] crude could reach $200 a barrel within the next 12 months.
The biggest issue, they say, is that global crude supply remains uncommonly tight — a scenario that’s unlikely to be alleviated any time soon.
Even though Libya’s oil has largely returned online after the political disruptions that took it off the market last year, and Saudi Arabia is generating its highest output in three decades, the available crude is just barely meeting demand. The summer driving season in the U.S., which begins in April, could put further pressure on prices.
Full story
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Be interesting to see if a few little countries can dispose a standing US president because of rising oil prices.
Published: Wednesday, 21 Mar 2012 | 12:38 PM ET
By: Kate Kelly
CNBC Reporter
Signs that crude futures may hit much higher levels are converging, say oil traders and analysts, some of whom predict that Brent [LCOCV1 123.25 -0.95 (-0.76%) ] crude could reach $200 a barrel within the next 12 months.
The biggest issue, they say, is that global crude supply remains uncommonly tight — a scenario that’s unlikely to be alleviated any time soon.
Even though Libya’s oil has largely returned online after the political disruptions that took it off the market last year, and Saudi Arabia is generating its highest output in three decades, the available crude is just barely meeting demand. The summer driving season in the U.S., which begins in April, could put further pressure on prices.
Full story
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Be interesting to see if a few little countries can dispose a standing US president because of rising oil prices.
RLTW
Steadfast
4/325 82d DIV 68-69
2nd Bde HHC (LRRP), 4 ID
K Co (Rgr), 75th Inf (Abn), 4 ID
69-70
I cooked with C- 4
Steadfast
4/325 82d DIV 68-69
2nd Bde HHC (LRRP), 4 ID
K Co (Rgr), 75th Inf (Abn), 4 ID
69-70
I cooked with C- 4
Re: Oil Prices at $200 a Barrel? Some Think It's Coming
Of course it is................. and we are sitting on enough oil to last us and our grandchildren's lifetimes, yet for some reason................. we as a nation are investing in "Green Energy" whether we like it or not.
1st Ranger Bn 86-92, C Co, HHC, Bn COLT, RHQ 94-95 Ranger Class 14-87 MFF 05 May 88
"Life is like a drop zone, sometimes you just miss the whole damn thing!"
"Life is like a drop zone, sometimes you just miss the whole damn thing!"
- rgrokelley
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Re: Oil Prices at $200 a Barrel? Some Think It's Coming
Obviously this is evil right wing propaganda. I myself saw President Obama in front of a pipeline that he himself built with his own hands telling us, his loyal subjects, that oil will flow from the ground when he smites his staff upon it.
All will be well.
Rejoice.
These are not the droids you are looking for.
You can go about your business.
All will be well.
Rejoice.
These are not the droids you are looking for.
You can go about your business.
A & C Company, 3rd Ranger Battalion 1984-1986
2/325, 82nd Airborne 1979-1984
F Company, 51st LRSU 1986-1988
5th Special Forces Group 1989-1995
3rd Special Forces Group 1997-1999
RS - DHG 5-85
2/325, 82nd Airborne 1979-1984
F Company, 51st LRSU 1986-1988
5th Special Forces Group 1989-1995
3rd Special Forces Group 1997-1999
RS - DHG 5-85
- Flesh Thorn
- Ranger
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Re: Oil Prices at $200 a Barrel? Some Think It's Coming
Hmmmm.....one of the key sources is Goldman Sachs. Imagine that .........
A Co. 3/75 Ranger Regt. HQ Section Dec 85-June 86.
HSC USAITC June 86-April 88
NAVSEA, 2014 to Present
Psalm 144:1 A Psalm of David. Blessed be the LORD my strength, which teacheth my hands to war, and my fingers to fight:
HSC USAITC June 86-April 88
NAVSEA, 2014 to Present
Psalm 144:1 A Psalm of David. Blessed be the LORD my strength, which teacheth my hands to war, and my fingers to fight:
Oil Prices at $200 a Barrel? Some Think It's Coming
Perfect score for landing a biblical and Star Wars reference in the same reply.rgrokelley wrote:Obviously this is evil right wing propaganda. I myself saw President Obama in front of a pipeline that he himself built with his own hands telling us, his loyal subjects, that oil will flow from the ground when he smites his staff upon it.
All will be well.
Rejoice.
These are not the droids you are looking for.
You can go about your business.
A/3/505 PIR, 82nd 96-98
B/2/121 Inf, 48th BCT Iraq 05-06
B/1/118 Inf, 218th BCT Afghan 07
I'm not stupid, I'm crazy...there is a difference.
B/2/121 Inf, 48th BCT Iraq 05-06
B/1/118 Inf, 218th BCT Afghan 07
I'm not stupid, I'm crazy...there is a difference.
Re: Oil Prices at $200 a Barrel? Some Think It's Coming
My thoughts exactly! "Behold Obama's Mighty Hand"IEDmagnet wrote:Perfect score for landing a biblical and Star Wars reference in the same reply.rgrokelley wrote:Obviously this is evil right wing propaganda. I myself saw President Obama in front of a pipeline that he himself built with his own hands telling us, his loyal subjects, that oil will flow from the ground when he smites his staff upon it.
All will be well.
Rejoice.
These are not the droids you are looking for.
You can go about your business.
1st Ranger Bn 86-92, C Co, HHC, Bn COLT, RHQ 94-95 Ranger Class 14-87 MFF 05 May 88
"Life is like a drop zone, sometimes you just miss the whole damn thing!"
"Life is like a drop zone, sometimes you just miss the whole damn thing!"
- rgrokelley
- Triple Canopy
- Posts: 2860
- Joined: February 5th, 2008, 5:57 pm
Re: Oil Prices at $200 a Barrel? Some Think It's Coming
Now you are going to far. I should slap the sarcasm off of your lips for blaspheming Charlton Heston!colt1rgr wrote:My thoughts exactly! "Behold Obama's Mighty Hand"IEDmagnet wrote:Perfect score for landing a biblical and Star Wars reference in the same reply.rgrokelley wrote:Obviously this is evil right wing propaganda. I myself saw President Obama in front of a pipeline that he himself built with his own hands telling us, his loyal subjects, that oil will flow from the ground when he smites his staff upon it.
All will be well.
Rejoice.
These are not the droids you are looking for.
You can go about your business.
A & C Company, 3rd Ranger Battalion 1984-1986
2/325, 82nd Airborne 1979-1984
F Company, 51st LRSU 1986-1988
5th Special Forces Group 1989-1995
3rd Special Forces Group 1997-1999
RS - DHG 5-85
2/325, 82nd Airborne 1979-1984
F Company, 51st LRSU 1986-1988
5th Special Forces Group 1989-1995
3rd Special Forces Group 1997-1999
RS - DHG 5-85
- Flesh Thorn
- Ranger
- Posts: 5596
- Joined: March 5th, 2003, 2:12 pm
Re: Oil Prices at $200 a Barrel? Some Think It's Coming
I predict that the price will drop before November. :?
A Co. 3/75 Ranger Regt. HQ Section Dec 85-June 86.
HSC USAITC June 86-April 88
NAVSEA, 2014 to Present
Psalm 144:1 A Psalm of David. Blessed be the LORD my strength, which teacheth my hands to war, and my fingers to fight:
HSC USAITC June 86-April 88
NAVSEA, 2014 to Present
Psalm 144:1 A Psalm of David. Blessed be the LORD my strength, which teacheth my hands to war, and my fingers to fight:
Re: Oil Prices at $200 a Barrel? Some Think It's Coming
What petro-financial wizardry is this?Flesh Thorn wrote:I predict that the price will drop before November. :?
C Co 3/75 88-90 (Just Cause)
124 MI(LRSD) 90-91 (Desert Storm)
Repeal the 16th, enforce the 10th.
ΜΩΛΩΝ ΛΑΒΕ
"I come in peace. I didn't bring artillery. But I'm pleading with you, with tears in my eyes: If you fuck with me, I'll kill you all." Gen. James Mattis
Panem Et Circenses
My safe space
124 MI(LRSD) 90-91 (Desert Storm)
Repeal the 16th, enforce the 10th.
ΜΩΛΩΝ ΛΑΒΕ
"I come in peace. I didn't bring artillery. But I'm pleading with you, with tears in my eyes: If you fuck with me, I'll kill you all." Gen. James Mattis
Panem Et Circenses
My safe space
- Flesh Thorn
- Ranger
- Posts: 5596
- Joined: March 5th, 2003, 2:12 pm
Re: Oil Prices at $200 a Barrel? Some Think It's Coming
Old guy at the barber shop told me. :DRangerX wrote:
What petro-financial wizardry is this?
A Co. 3/75 Ranger Regt. HQ Section Dec 85-June 86.
HSC USAITC June 86-April 88
NAVSEA, 2014 to Present
Psalm 144:1 A Psalm of David. Blessed be the LORD my strength, which teacheth my hands to war, and my fingers to fight:
HSC USAITC June 86-April 88
NAVSEA, 2014 to Present
Psalm 144:1 A Psalm of David. Blessed be the LORD my strength, which teacheth my hands to war, and my fingers to fight:
Re: Oil Prices at $200 a Barrel? Some Think It's Coming
Oh, and I suppose he can magically make your hair shorter too?!?Flesh Thorn wrote:Old guy at the barber shop told me. :DRangerX wrote:
What petro-financial wizardry is this?
C Co 3/75 88-90 (Just Cause)
124 MI(LRSD) 90-91 (Desert Storm)
Repeal the 16th, enforce the 10th.
ΜΩΛΩΝ ΛΑΒΕ
"I come in peace. I didn't bring artillery. But I'm pleading with you, with tears in my eyes: If you fuck with me, I'll kill you all." Gen. James Mattis
Panem Et Circenses
My safe space
124 MI(LRSD) 90-91 (Desert Storm)
Repeal the 16th, enforce the 10th.
ΜΩΛΩΝ ΛΑΒΕ
"I come in peace. I didn't bring artillery. But I'm pleading with you, with tears in my eyes: If you fuck with me, I'll kill you all." Gen. James Mattis
Panem Et Circenses
My safe space
- rgrokelley
- Triple Canopy
- Posts: 2860
- Joined: February 5th, 2008, 5:57 pm
Re: Oil Prices at $200 a Barrel? Some Think It's Coming
Obama will most likely pull the whole "releasing the strategic oil reserves" stunt, which will lower prices for a short period of time, if at all... however I think most voters (not average Americans, but those who actually vote) will see this for what it is.Flesh Thorn wrote:I predict that the price will drop before November. :?
A & C Company, 3rd Ranger Battalion 1984-1986
2/325, 82nd Airborne 1979-1984
F Company, 51st LRSU 1986-1988
5th Special Forces Group 1989-1995
3rd Special Forces Group 1997-1999
RS - DHG 5-85
2/325, 82nd Airborne 1979-1984
F Company, 51st LRSU 1986-1988
5th Special Forces Group 1989-1995
3rd Special Forces Group 1997-1999
RS - DHG 5-85