KIT

Remember $20 Oil? Looks Like It's Coming Back

They did last time..... low oil high USD they have both and used the high USD to go shopping


On Jul 20 07:53 AM A Barrel Full wrote:

> If crude fell anywhere near $20 a barrel, the economy would pick
> up so fast that oil prices would rise sharply.
>
> Does anyone really think that the Saudis would sit back and let it
> happen?

Looks Like Oil Production Already Peaked

On demand I drive a F-150 4x4 and had a Mustang ( they get the same milage ). In Canada we hit $1.47 per liter ( $5.88 US gallon ).
I sold the Mustang and limited the F-150 to work only. My joy rides were in the Mustang so that fuel usage is gone. We drive to Walmart once in 6 weeks not every two. I have perminently cut fuel use in more than half and gas is $1.02 ltr now. If fuel climbs again the truck will be replaced with a Civic.


On Jul 20 01:22 AM Plan B Economics wrote:

> Peak or no peak, production basically remained flat for 3yrs as demand
> and prices grew. The1.7 million barrel rise - significant or not
> - was insufficient to keep up with demand. The swing producers can't
> keep up with demand.
>
> Also, production doesn't need to increase by 50%. Obviously that's
> impossible (and unnecessary). As you know, oil is priced on the marginal
> barrel so a supply gap of just a couple million barrels (2% or so
> of production) can cause prices to rise 50%.

Long Dollar, Short Oil, Hold Gold?

Gold does not have fundamentals ( no future earnings no dividends no growth ) It only has disire to own or disire to sell


On Jul 05 08:03 AM DONE_SONZ wrote:

> I wouldn't have much faith in the dollar either way.Debt issues will
> just get worse if the market doesn't improve.Oil can go either way
> near term.Gold's fundamentals are still intact.

The Economy Can't Be That Bad if Thousands Can Pay $100 for a Ballgame

They just figured out if they stop paying their creditcard bills they have lots left to spend in cash.................

Poor Oil Demand Meets Excess Supply; Prices Should Drop

On May 21 01:21 PM E Thomas St. wrote:

> Don't forget that the value of the Dollar makes a huge impact on
> the price of Oil. Supply, Demand, and Conversion Value.

Normally it does like USD and gold normally move opposite but they moved together for most of last year. You simply can not raise the price of oil ( for any reason ) if in fact no one is buying it. This fact will be shown true when the day comes that OPEC pumps one barrel of oil and ALL the worlds storage is full. The price of all barrels after that one is ZERO. We may see this effect in NATGAS first as its storage is running out too.

Would you pay for gas if you fill your tank and the pump keeps running? The fuel on the ground has no value.

What a Difference Seven Months Makes

Saudi call $75 fair price now we are heading for $30

Were was that call when we were at $145 ?