Texas Oil....Rusty..

[voodoo]

You feeling it out there yet?

http://news.yahoo.com/s/ap/20090121/ap_on_re_us/meltdown_texas_oil

[Rustyshakelford]

You feeling it out there yet?
http://news.yahoo.com/s/ap/20090121/...down_texas_oil

Yeah, we are aware of the problems, and it is slowing down for some. However, oil hit 44 today and is going nowhere but up. I stand by my earlier prediction that we will see it above 50 by March 1st.

[West Texas!]

Yeah, we are aware of the problems, and it is slowing down for some. However, oil hit 44 today and is going nowhere but up. I stand by my earlier prediction that we will see it above 50 by March 1st.

Our projections for the next 3 weeks is triple that of the entire month of December...and double that of November. I needed some good news yesterday.

Rusty, I wouldn't be surprised to see $50 earlier than that...mebbe it's wishful thinking.

[voodoo]

For everybodys sake, I hope you are right about $50. But, there is too much talk in the commodities world of it hitting $25 in the next few months. I hope not, 50-60 is ideal.

[Rustyshakelford]

Our projections for the next 3 weeks is triple that of the entire month of December...and double that of November. I needed some good news yesterday.

Rusty, I wouldn't be surprised to see $50 earlier than that...mebbe it's wishful thinking.

I am generally pretty conservative in my estimates. I would like to see $100 by July.

[Rustyshakelford]

For everybodys sake, I hope you are right about $50. But, there is too much talk in the commodities world of it hitting $25 in the next few months. I hope not, 50-60 is ideal.

100 is ideal.

[West Texas!]

For everybodys sake, I hope you are right about $50. But, there is too much talk in the commodities world of it hitting $25 in the next few months. I hope not, 50-60 is ideal.

Probably not gonna happen, oil stockpiles are coming down, the market has adjusted, and will begin to rise as people take economic refuge in commodities versus the stock market.

[kenno]

If PPl invest in oil there will be a spike in price but only because PPl THINK it is a haven not because there is an increase in demand, a price spike may even lessen the demand. Once the speculators stop investing the price will drop again, possibably to a lower level than previous to the investment spike.

[Rustyshakelford]

If PPl invest in oil there will be a spike in price but only because PPl THINK it is a haven not because there is an increase in demand, a price spike may even lessen the demand. Once the speculators stop investing the price will drop again, possibably to a lower level than previous to the investment spike.

Nope. There are so many factors involved in oil demand and price, including, but not limited to:
Government regulation
Wars
Plastics demand
Manufacturing
Airline travel
Supply disruption
Taxes
Company investments
Exploration
weather
New technologies.

[voodoo]

Oil shes a droppin! $50? No chance.