User 231937

$300/Barrel Oil Is Coming - Barron's Interview

When US bombs Iran in the near future to take out their nuclear facilities, I like to see how much oil jumps. My guess its going to be the last thing Bush does in Office. To me 200$ is possible and we are not even running out of the stuff. 300$ means its going to triple, and I bet people will still be driving their cars. There is no political will to get us off the stuff, we are addicted. Yes I believe at 9 dollars a gallon, we will still use our cars; maybe only to get to work and back if we can move closer to work or quit our jobs. And don't forget about farming, they need oil, construction, manufacturing uses oil in plastics, buses, planes and so on. Plain and simple we are addicted to the stuff and will pay what ever.

Theoretical Declines of a Bursting Oil Bubble

When oil was a 145 and people where talking 200 dollar oil it was time to sell. Now the opposite is starting to happen, and it may be a good time to get back in.