Oil falls to three month low (user search)
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  Oil falls to three month low (search mode)
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Author Topic: Oil falls to three month low  (Read 2044 times)
War on Want
Evilmexicandictator
Junior Chimp
*****
Posts: 7,643
Uzbekistan


Political Matrix
E: -6.19, S: -8.00
« on: August 11, 2008, 07:55:15 PM »
So? Does this change the situation that we are past oil peak and demand is still rising with little remaining oil reserves left to tap?
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War on Want
Evilmexicandictator
Junior Chimp
*****
Posts: 7,643
Uzbekistan


Political Matrix
E: -6.19, S: -8.00
« Reply #1 on: August 11, 2008, 08:01:22 PM »
Quote from: memphis on August 11, 2008, 07:58:22 PM
Quote from: memphis on July 19, 2008, 10:52:58 AM
Prices have been unsustainably high for a while now. Hopefully, the oil bubble will fully burst and we can be back to more reasonable prices.
There is no "bubble". Prices might go back down to 3$ but will ultimatley come right back up again.
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War on Want
Evilmexicandictator
Junior Chimp
*****
Posts: 7,643
Uzbekistan


Political Matrix
E: -6.19, S: -8.00
« Reply #2 on: August 16, 2008, 12:56:09 PM »
Quote from: dead0man on August 16, 2008, 12:45:34 PM
The people making millions on it disagree.  link
These people can quite often be idiots, looking to make a buck in a short period of time. To assert that the market knows everything coming up in the future and can predict what will happen in 10 years time is idiotic.
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War on Want
Evilmexicandictator
Junior Chimp
*****
Posts: 7,643
Uzbekistan


Political Matrix
E: -6.19, S: -8.00
« Reply #3 on: August 16, 2008, 01:21:27 PM »
Quote from: dead0man on August 16, 2008, 01:19:51 PM
It's risky sure, but the guys that bought oil in 2008 ten years ago for $60/barrel (or whatever) are laughing all the way to the Porsche dealership.
Yep I don't disagree it can make a buck but it is too damn risky at this point. If they really want to make good money they should invest it in alternative energy and the railroad business. Wink
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