Oil Bubble Burst?
 

On Fri, 18 Jul 2008 18:14:40 -0400, "Eisboch" wrote:

Too early to tell for sure, but ShortWave's prediction may be coming true.
He had the month right too ..... July.

Hope the trend holds up. Good for everybody.

Let's hope so, but it's going to take a while for the crack spread to
narrow and bring gas and distilltate prices down a buck or so.

Assuming that demand destruction stays in the 20% range, we will see
gas back down to $3.25 or so which is sustainable - there is about a
dollar's worth of inflationary money in a gallon of gas/distillate due
to the $145 price range. The public has woken up to the fact that we
are sending half our GDP out of the country every year, drilling will
become a fact despite the out of touch tactics of the Democratic
leadership - the public will demand it. And they are going to destroy
themselves eventually on this issue - when you have morons like
Schumer declaring that we should be encouraging the Saudi's and OPEC
to drill more to add to supply when we can't do it ourselves just
doesn't make sense.

We'll have to wait and see, but it's just like the tech bubble - a
small crack and then the monster slide.

Drill, nukes and get cracking on alternates - that should be the
national discussion at this time.

Oil Bubble Burst?
 

On Jul 18, 10:19*pm, Short Wave Sportfishing
wrote:
On Fri, 18 Jul 2008 18:14:40 -0400, "Eisboch" wrote:
Too early to tell for sure, but ShortWave's prediction may be coming true.
He had the month right too ..... *July.

Hope the trend holds up. *Good for everybody.

Let's hope so, but it's going to take a while for the crack spread to
narrow and bring gas and distilltate prices down a buck or so.

Assuming that demand destruction stays in the 20% range, we will see
gas back down to $3.25 or so which is sustainable - there is about a
dollar's worth of inflationary money in a gallon of gas/distillate due
to the $145 price range. *The public has woken up to the fact that we
are sending half our GDP out of the country every year, drilling will
become a fact despite the out of touch tactics of the Democratic
leadership - the public will demand it. And they are going to destroy
themselves eventually on this issue - when you have morons like
Schumer declaring that we should be encouraging the Saudi's and OPEC
to drill more to add to supply when we can't do it ourselves just
doesn't make sense.

We'll have to wait and see, but it's just like the tech bubble - a
small crack and then the monster slide.

Drill, nukes and get cracking on alternates - that should be the
national discussion at this time.

I just want to know if it gets below $2.63 ;)

Oil Bubble Burst?
 

On Fri, 18 Jul 2008 19:23:05 -0700 (PDT),
wrote:

On Jul 18, 10:19*pm, Short Wave Sportfishing
wrote:
On Fri, 18 Jul 2008 18:14:40 -0400, "Eisboch" wrote:
Too early to tell for sure, but ShortWave's prediction may be coming true.
He had the month right too ..... *July.

Hope the trend holds up. *Good for everybody.

Let's hope so, but it's going to take a while for the crack spread to
narrow and bring gas and distilltate prices down a buck or so.

Assuming that demand destruction stays in the 20% range, we will see
gas back down to $3.25 or so which is sustainable - there is about a
dollar's worth of inflationary money in a gallon of gas/distillate due
to the $145 price range. *The public has woken up to the fact that we
are sending half our GDP out of the country every year, drilling will
become a fact despite the out of touch tactics of the Democratic
leadership - the public will demand it. And they are going to destroy
themselves eventually on this issue - when you have morons like
Schumer declaring that we should be encouraging the Saudi's and OPEC
to drill more to add to supply when we can't do it ourselves just
doesn't make sense.

We'll have to wait and see, but it's just like the tech bubble - a
small crack and then the monster slide.

Drill, nukes and get cracking on alternates - that should be the
national discussion at this time.

I just want to know if it gets below $2.63 ;)

Eventually. :)

Oil Bubble Burst?
 

On Jul 18, 6:14*pm, "Eisboch" wrote:
Too early to tell for sure, but ShortWave's prediction may be coming true..
He had the month right too ..... *July.

Hope the trend holds up. *Good for everybody.

Eisboch

They should raise the price of bottled water over there, the same rate
they jack the oil here.....

Oil Bubble Burst?
 

On Jul 18, 8:51*pm, DK wrote:
Tim wrote:
On Jul 18, 5:55 pm, JimH wrote:
On Jul 18, 6:48 pm, "D.Duck" wrote:

"Eisboch" wrote in message
news:ypudnTYYxNpSiBzVnZ2dnUVZ_gudnZ2d@giganews. com...
Too early to tell for sure, but ShortWave's prediction may be coming true.
He had the month right too ..... *July.
Hope the trend holds up. *Good for everybody.
Eisboch
Who do we thank, the Democrats? *8) *I'm sure some here, well one anyway,
will say that's the case.
I wouldn't start the party just yet, though.
Conserving gas by Americans along with Bush's lifting of the off shore
drilling ban did the trick,

The Democrats have done nothing.

I am sure I am not telling you anything new,

Someone will probably give credit for fine work to Nancy Pelosi

WAFA's going to scold Warp17 in private email for that one...- Hide quoted text -

- Show quoted text -

Is this poster the " floating Idiot" today?...

Oil Bubble Burst?
 

"RPS" wrote in message
. ..
JimH wrote:
On Jul 18, 6:14 pm, "Eisboch" wrote:
Too early to tell for sure, but ShortWave's prediction may be coming
true.
He had the month right too ..... July.

Hope the trend holds up. Good for everybody.

Eisboch

I was thinking the same thing.

Perhaps the days of $4/gallon gas are soon to be a bad memory.

Oil prices will fluctuate, and will probably drop below $4/gallon short
term. But you can say you heard it here first, for the foreseeable
future, it will continue to trend upwards, substantially more than
$4/gallon.

I would have to agree. The dip in prices only puts May pricing into end of
July futures. That is just a short term correction in pricing, will not
last. I would expect it to stay at $125 to $130 for a month before rising
again.

Oil Bubble Burst?
 

"JimH" wrote in message
...

Conserving gas by Americans along with Bush's lifting of the off shore
drilling ban did the trick,

Conserving gas might have created a short term glut causing the prices to
drop. But opening new oilfields takes years before the first drop hits the
market.

The Democrats have done nothing.

They would have it at $6 gallon.

Oil Bubble Burst?
 

On Jul 19, 8:25*am, "Canuck57" wrote:
"JimH" wrote in message

...

Conserving gas by Americans along with Bush's lifting of the off shore
drilling ban did the trick,

Conserving gas might have created a short term glut causing the prices to
drop. *But opening new oilfields takes years before the first drop hits the
market.

The Democrats have done nothing.

They would have it at $6 gallon.

Only according to the dems.. Real drillers who are interviewed say
within a year in some cases...not 10 as the Pelosi crime gang would
suggest..

Oil Bubble Burst?
 

On Jul 18, 10:30*pm, Short Wave Sportfishing
wrote:
On Fri, 18 Jul 2008 19:23:05 -0700 (PDT),





wrote:
On Jul 18, 10:19*pm, Short Wave Sportfishing
wrote:
On Fri, 18 Jul 2008 18:14:40 -0400, "Eisboch" wrote:
Too early to tell for sure, but ShortWave's prediction may be coming true.
He had the month right too ..... *July.

Hope the trend holds up. *Good for everybody.

Let's hope so, but it's going to take a while for the crack spread to
narrow and bring gas and distilltate prices down a buck or so.

Assuming that demand destruction stays in the 20% range, we will see
gas back down to $3.25 or so which is sustainable - there is about a
dollar's worth of inflationary money in a gallon of gas/distillate due
to the $145 price range. *The public has woken up to the fact that we
are sending half our GDP out of the country every year, drilling will
become a fact despite the out of touch tactics of the Democratic
leadership - the public will demand it. And they are going to destroy
themselves eventually on this issue - when you have morons like
Schumer declaring that we should be encouraging the Saudi's and OPEC
to drill more to add to supply when we can't do it ourselves just
doesn't make sense.

We'll have to wait and see, but it's just like the tech bubble - a
small crack and then the monster slide.

Drill, nukes and get cracking on alternates - that should be the
national discussion at this time.

I just want to know if it gets below $2.63 ;)

Eventually. *:)- Hide quoted text -

- Show quoted text -

Yeah, but if it happens before the end of the year... ;)

Oil Bubble Burst?
 

wrote in message
...
On Jul 18, 8:51 pm, DK wrote:
Tim wrote:
On Jul 18, 5:55 pm, JimH wrote:
On Jul 18, 6:48 pm, "D.Duck" wrote:

"Eisboch" wrote in message
news:ypudnTYYxNpSiBzVnZ2dnUVZ_gudnZ2d@giganews. com...
Too early to tell for sure, but ShortWave's prediction may be coming
true.
He had the month right too ..... July.
Hope the trend holds up. Good for everybody.
Eisboch
Who do we thank, the Democrats? 8) I'm sure some here, well one
anyway,
will say that's the case.
I wouldn't start the party just yet, though.
Conserving gas by Americans along with Bush's lifting of the off shore
drilling ban did the trick,

The Democrats have done nothing.

I am sure I am not telling you anything new,

Someone will probably give credit for fine work to Nancy Pelosi

WAFA's going to scold Warp17 in private email for that one...- Hide quoted
text -

- Show quoted text -

Is this poster the " floating Idiot" today?...

-----------------------------------------------------------------

More like the 'sinking' idiot.