CJ-49

Welcome to the Age of Bountiful Crude Oil - It Should Last About a Month

Price per barrel of crude oil should go down to $25 per barrel within next 6 months, recession or not.

Reality Hits Oil Market, Dollar Could Benefit

Crude Oil: It was massive market manipulation and extortion. Hopefully the scammers are still in the market and getting theirs royally and deep deep up theirs... Am loving every minute - all the way down to $40 per barrel. Dare I hope $25? Oh such joy in the gloating.

As for you lot up there with your 'peak oil' and 'supply and demand' BS. Get this, BS is all it is and you are either the scammers or just brainwashed.

Crude Oil Prices: Bears Will Soon Win Out

No sorry richjoy, would love to help, but healthcare is obviously much more complex and not overrun by criminals and BS. So no easy solutions there. Also at $60 per barrel and no futures there is likely to be oversupply and the market price may even be less than the price control marker of $60!

Crude Oil Prices: Bears Will Soon Win Out

I am willing to bet anything you like on that at $60 there will be no supply shortage to the US or anywhere else. Even Canada can get its difficult shale oil onto the market at a cost of less than $20 (latest figures) And OPEC gets their oil on the market at less than $10 per barrel.

Crude Oil Prices: Bears Will Soon Win Out

Holding up a store at gunpoint is a "free market activity" that is curtailed by heavy Govt. interference - the police and jail time. The current activities in the crude oil futures market is not much different and the details are well enough documented so that I don't need to waste time writing about them. The solution is simple.
1. Shut down all crude oil Futures activities and make them illegal
2. Price control all crude to sell at $60 per barrel
And that should do it.