Oil Prices, Energy Trends & What Comes Next

[jmanz]

Gas went up to 1.98 from 1.84. Funny how prices take forever to come down but jump up the minute oil does.

 

[C Pav]

Dang was hoping it would stay down and die.

 

[C Pav]

I see oil prices are rising and gas is going back up. I also read an article with an interview from an OPEC leader saying oil could hit $200 a barrel. Seems that nobody really knows the long term future of oil prices.

http://money.cnn.com/2015/02/03/investing/oil-price-rebound-opec-200/index.html

 

[WayneKerr]

Seems that nobody really knows the long term future of oil prices.

I concur. Lets remember, its a group of countries. Of which our friendliness rates from none at all to can't really be trusted anyhow.Lets also not forget that speculators will make hay out of any opportunity.

 

[ryanator]

I see oil prices are rising and gas is going back up. I also read an article with an interview from an OPEC leader saying oil could hit $200 a barrel. Seems that nobody really knows the long term future of oil prices.http://money.cnn.com/2015/02/03/investing/oil-price-rebound-opec-200/index.html

Are they the same one's that said it will never be at $100 again?

 

[WayneKerr]

Are they the same one's that said it will never be at $100 again?

No, that is OPEC's Secretary-General, Abdulla al-Badri.The prince of Saudi said it would never be above $100

Prince Alwaleed: Will never see price of oil again at $100

 

[nodle]

Rumor is they raised gas $ .30 cents here yesterday, but haven't been to the pump to verify.

 

[C Pav]

Rumor is they raised gas $ .30 cents here yesterday, but haven't been to the pump to verify.

Here in D town or there in New E? It is at $2.09 here still which is only a 10 cent increase.

 

[nodle]

Here in D town or there in New E? It is at $2.09 here still which is only a 10 cent increase.

NE or so I heard from a Gentleman at a so called social outing. I will have to see with my own eyes to see if the words of the Gentlemen were sincere.

 

[jmanz]

2.09 here also now.

 

[WayneKerr]

Here is what I read/heard: "panic!" Then yesterday, 5 pm central, oil plummeted $4 a barrel?

Hey Zeus WTF?

 

[nodle]

Here is what I read/heard: "panic!" Then yesterday, 5 pm central, oil plummeted $4 a barrel?Hey Zeus WTF?

They are just looking for any excuse to raise it. But until the guys running the show over seas say so I don't see it happening yet**maybe this summer who knows.

 

[WayneKerr]

They are just looking for any excuse to raise it. But until the guys running the show over seas say so I don't see it happening yet**maybe this summer who knows.

It seemed like there was just enough ruckus to jack the price before the next fuel delivery

 

[nodle]

This was really an interesting read. I have been hearing about these ships just hanging out storing oil on a few sites.

Why the price of oil is more likely to fall to $20 than to go up to $80.

 

[WayneKerr]

This was really an interesting read. I have been hearing about these ships just hanging out storing oil on a few sites.Why the price of oil is more likely to fall to $20 than to go up to $80.

That idea, of tankers holding oil, is over 10 years old. I can't add anything substantive, but I know I've heard that years ago.

 

[nodle]

That idea, of tankers holding oil, is over 10 years old. I can't add anything substantive, but I know I've heard that years ago.

But I thinking more and more are just sitting on them, with supply exceeding demand. Plus with all the strikes happening at all the docks lately, they are going to be sitting on them for awhile.

 

[WayneKerr]

But I thinking more and more are just sitting on them, with supply exceeding demand. Plus with all the strikes happening at all the docks lately, they are going to be sitting on them for awhile.

That was the story then too, the oil was worth more floating offshore on a barge than it was to bring it in. I'm thinking this was 200(4/5)The strikes will change the dynamic a bit too.

 

[nodle]

Oil slide could trigger OPEC emergency meeting

 

[WayneKerr]

Oil slide could trigger OPEC emergency meeting

I'm curious to see the 6 week time frame referred to in the article. I still think this is the only way for the Arab bloc to show influence.

 

[nodle]

I wonder how this will effect the oil market?

EU unveils vast plan to merge 28 energy markets