What to Expect in 2006 Concerning OIL and those profiteers
6 April 2006 Hemisphere Blog -
Well, as expected, it is about that time to make that dreadful doomsayer thread again. No it is not about earthquakes. No it is not about how much earth time is left. It is about the coming bust with the oil market.
Some of you are wondering what to expect for gasoline pricing, those who are profiting at our expense, and if there is a light at the end of that tunnel of that black puddle of gold. Wait……wait……..W A I T!!!!!!!!
Yes! There is an answer as there is a Creator that resides over this Earth [ ].
Many marketing experts predict that skyrocketing oil prices are just “temporary” and that a “massive price collapse” is expect very soon, thus ushering in a new pricing of $35 to $40 per barrel. This will dwarf the Internet DOT.COM crash of 2000 (Steve Forbes).
Remember friends . . .
(1) As you already probably gathered that oil prices have been inflated through Wall Street manipulation and may soon setting the average day-trader for big losses.
(2) If you are a oil day-trader, you need to position yourself for the monster profits when today's speculative oil prices fall.
(3) As shown by the real oil analyst gurus, there is plenty of oil to meet the growing worldwide demand for the coming century.
(4) Remember, hedge funds will start dumping their oil contracts like there is no tomorrow.
(5) Steve Forbes already predicted the skyrocketing oil prices are just temporary and that a massive price collapse is coming that will bring oil down that will dwarf the DOT.COM crash of 2000.
(6) As told on Bloomberg, many doom and gloom forecasts of $100 oil are based upon a common misunderstanding about oil supplies that is fueled by frenzied speculators.
(7) Mother nature does effect oil prices.
So in essences, be patience….maybe another Black Monday of 1929 is around the corner…..hehehehheheheeeee
There's still a lot of growth to be made on oil exploration co's before anything drastic happens. I see this dragging on for another year atleast or until alternative energy sources become affordable to everyone.
until Iran stops threatening to block that canal with their new high tech torpedo....prices will climb....hopefully crash will happen, but only on the price of oil
Don't forget, it more talk than reality...waiting for the real info to surface about that. However, we have some stuff that can be sent from the middle of Kansas to the President's window in Iran at a rate of MACH 3.
^^^agreed on the prices. but don't worry, by mid june or july, cindy sheehan and her big venezualian brother will have citgo dropping 93 octane to 2.35. Thats where the crash is gonna come from. The venezualians have the ability right now to pretty much cripple our oil industries. How scary is that? Even worse, they're pissed at us, and Cindy Sheehan is lobbying for them like a hippie at a John Kerry convention.
Ok, we now have 3.00 dollars for a price of unleaded 87-octane here in California. Chalk up another 'doomed thread' that made reality. Next move is that we should see about another .25-.50 cents more before summer hits before a collapse of the pricing from 75-77 dollars a barrel to 30 to 40.00 dollar per barrel.
Stay tune more dooms day type thread....
Last edited by hemidakota : 04-18-2006 at 01:32 PM.
Most I have paid lately is 3.11 for premium and now its around 3 for 93 though i heard it was going to be 5 dollars by next summer.... not go down... why would they go down.. doesn`t make sense to me. Though i remember before 9-11 filling up for 10 dollars... full tank... man miss those days.
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What to Expect in 2006 Concerning OIL and those profiteers
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