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Texas Oil....Rusty..

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  • voodoo
    replied
    Oil shes a droppin! $50? No chance.

    Leave a comment:


  • Rustyshakelford
    replied
    Originally posted by kenno View Post
    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.

    Leave a comment:


  • kenno
    replied
    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.

    Leave a comment:


  • West Texas!
    replied
    Originally posted by voodoo View Post
    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.

    Leave a comment:


  • Rustyshakelford
    replied
    Originally posted by voodoo View Post
    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.

    Leave a comment:


  • Rustyshakelford
    replied
    Originally posted by West Texas! View Post
    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.

    Leave a comment:


  • voodoo
    replied
    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.

    Leave a comment:


  • West Texas!
    replied
    Originally posted by Rustyshakelford View Post
    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.

    Leave a comment:


  • Rustyshakelford
    replied
    Originally posted by voodoo View Post

    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.

    Leave a comment:


  • voodoo
    started a topic Texas Oil....Rusty..

    Texas Oil....Rusty..

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