Phillipp10

60 Minutes on Oil: Did Anyone Verify Anything?

you are somewhat right in that 3% less usage should not drop the price by 1/3rd however, it is not a linear realationship either. A 3% shortfall of anything that is a necessity will raise the price much more than 3%.


On Jan 12 10:40 AM auto44 wrote:

> Peoples driving is really a small part of the total use of crude
> i would think. Falling demand by industries and shipping worldwide
> would be my guesss to have a much higher impact. Credit /mortgage
> mess caused most everything to drop like a rock.

Global Financial Crisis Makes Oil a Great Hedge

Scammy: I agree with you. Oil is down for the forseeable future. But like you said, maybe in 3-4 years. To me, that's short term. I plan to watch oil carefully over the next 5 years. At some point, I'll buy in. In twenty years, I expect to at 5x my money. Not a get rich quick scheme but good a return anyway.

Global Financial Crisis Makes Oil a Great Hedge

Schwarz is just another short term thinker. Peak oil is real and the demand will return just as soon as the economy rebounds. China's 1.2 billion and India's 1 billion people want to live just like we do in the US. No way oil will stay below 100 a barrel.

The Oil Shortage, and Other Fairy Tales

USER 68127: I am not advocating you buy oil that may fall 40%. My point is that the high prices of today are at least somewhat real and that we have a real shortage (if affordability is a concern). Many on this board act as if oil is just pouring out of the ground but somehow, it is manipulated to be more expensive than it should be. By the way, if you had bought oil back in 1998, you would have made a fortune. Long term is the only way to invest....

The Oil Shortage, and Other Fairy Tales

Yes the price of oil will probably drop to $75 a barrel in the next 4 years. But after that it will make a slow steady climb. How high? Who knows. Depends upon solar, wind, more efficient cars and homes. It's really a crapshoot to predict.

The Oil Shortage, and Other Fairy Tales

User 197833: Apparently you're the only one with a brain here. Yes, we are seeing price increases due to speculation. However, that is only short term. Long term, the price is high due to a billion potential new drivers in India and China. All the while, the fields are declining and the really big finds are just not there. Wake up America 'cause the next 10-20 years are going to be very painful.