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#420805 - 07/10/08 12:21 PM Re: I predict...oil prices will crash. [Re: Bankonit27]
deepv Safety Officer Admiral Registered: 03/17/04 Posts: 6625 Loc: SoCal	What does the blue, orange and green base lines represent? Note the Price Control number less than the world price. On a supply/demand curve, this represents a shortage, or as we saw it "odd and even days". _________________________ 72% of fatal boat accidents are caused by boaters that haven't taken a safe boating course. 2001 Sea Ray Sundeck 190 5.0 EFI Alpha I,Generation 2 2002 4x4 LB Lariat CC F250, 7.3PSD
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#420814 - 07/10/08 12:41 PM Re: I predict...oil prices will crash. [Re: deepv]
Bankonit27 Admiral Registered: 09/08/03 Posts: 1195 Loc: Geneva, Illinois	The graph isn't the best (and may be 6 months old), but it does give a good idea of the spikes that have happened recently and in the late 70s/early 80s. _________________________ 1999 Crownline 266BR Mercruiser 7.4L MPI B3 pulled by a 2003 Ford Excursion
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#441719 - 10/24/08 11:19 AM Re: I predict...oil prices will crash. [Re: Bankonit27]
trooplewis Admiral Registered: 11/10/06 Posts: 3386 Loc: San Diego	$68/bbl yesterday. Can I officially say my prediction has come to pass? _________________________ ~Boatless in San Diego~
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#441724 - 10/24/08 11:42 AM Re: I predict...oil prices will crash. [Re: trooplewis]
deepv Safety Officer Admiral Registered: 03/17/04 Posts: 6625 Loc: SoCal	$65 and falling today. You can say you were correct for the short turn but it will go up again. So what bubble did all this funny money run to now? _________________________ 72% of fatal boat accidents are caused by boaters that haven't taken a safe boating course. 2001 Sea Ray Sundeck 190 5.0 EFI Alpha I,Generation 2 2002 4x4 LB Lariat CC F250, 7.3PSD
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#441728 - 10/24/08 11:54 AM Re: I predict...oil prices will crash. [Re: deepv]
Heyboer Vice Admiral Registered: 05/30/07 Posts: 431 Loc: Chicago	Never noticed these threads till now. Bought my SUV on July 14th. Check the daily charts! LOL!
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#441733 - 10/24/08 12:22 PM Re: I predict...oil prices will crash. [Re: Heyboer]
deepv Safety Officer Admiral Registered: 03/17/04 Posts: 6625 Loc: SoCal	Just called the 76 station where I try to fill up in San Bernardino when I'm in the area. $2.859 for diesel today. I am going to be in the area meeting a friend for lunch. Even then at that price it covers the cost of driving over there. When the spread is more than $0.10 and I'm less than ¼ tank it costs less. That spread is $.42 from the Valero by my house. _________________________ 72% of fatal boat accidents are caused by boaters that haven't taken a safe boating course. 2001 Sea Ray Sundeck 190 5.0 EFI Alpha I,Generation 2 2002 4x4 LB Lariat CC F250, 7.3PSD
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#441736 - 10/24/08 01:02 PM Re: I predict...oil prices will crash. [Re: deepv]
WaterMutt Bilge Rat Admiral Registered: 01/14/04 Posts: 10215 Loc: Massachusetts	Originally Posted By: deepv $65 and falling today. You can say you were correct for the short turn but it will go up again. So what bubble did all this funny money run to now? Treasuries at thier lowest return. Go figure. Isn't OPEC meeting today to drop production? Fill up and enjoy the dip while it lasts. _________________________ "That's my boat..." -Forest Gump
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#441740 - 10/24/08 01:05 PM Re: I predict...oil prices will crash. [Re: WaterMutt]
D-Rod Admiral Registered: 06/25/05 Posts: 7487	WM: They did cut and oil still fell $4 a barrel. _________________________ Live your life in the Kelvin scale..........Stay Positive.
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#441749 - 10/24/08 01:34 PM Re: I predict...oil prices will crash. [Re: D-Rod]
Bankonit27 Admiral Registered: 09/08/03 Posts: 1195 Loc: Geneva, Illinois	Deep, did I read that right? $2.85 for real fuel? Cah you ship some to me? We are still over $3.50... _________________________ 1999 Crownline 266BR Mercruiser 7.4L MPI B3 pulled by a 2003 Ford Excursion
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#441750 - 10/24/08 01:46 PM Re: I predict...oil prices will crash. [Re: D-Rod]
WaterMutt Bilge Rat Admiral Registered: 01/14/04 Posts: 10215 Loc: Massachusetts	Originally Posted By: D-Rod WM: They did cut and oil still fell $4 a barrel. Yes, it did fall. Give the cut time to take effect. As soon as reserves numbers fall, I think you'll see an increase. Probably not back to 120 a barrel, but mid to upper 80's shortly. _________________________ "That's my boat..." -Forest Gump
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#441757 - 10/24/08 02:28 PM Re: I predict...oil prices will crash. [Re: Bankonit27]
deepv Safety Officer Admiral Registered: 03/17/04 Posts: 6625 Loc: SoCal	Originally Posted By: Bankonit27 Deep, did I read that right? $2.85 for real fuel? Cah you ship some to me? We are still over $3.50... Funny thing on the way over, I passed the Royal Truck Stop... $2.799!!! Stopped in on the way back, but the word was out and there must have been 15 trucks in line. So I used the "auto" diesel pump that has the small oriface nozzle, but I was able to pull in right behind a guy finishing filling his dually. _________________________ 72% of fatal boat accidents are caused by boaters that haven't taken a safe boating course. 2001 Sea Ray Sundeck 190 5.0 EFI Alpha I,Generation 2 2002 4x4 LB Lariat CC F250, 7.3PSD
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#441763 - 10/24/08 02:48 PM Re: I predict...oil prices will crash. [Re: trooplewis]
Finger Lakes Boater Admiral Registered: 12/17/02 Posts: 8296 Loc: Sammamish, Washington	Originally Posted By: trooplewis $68/bbl yesterday. Can I officially say my prediction has come to pass? Excellent call, Troop. And I suspect we'll see $40/oil before we see it in three digits again (if ever). The demand destruction going on right now is horrendous, and there is no news anywhere, globally, that indicates any evidence of a turn. I'm going to be buying hundreds of gallons of fuel this month. Thank-you Mr Market! _________________________ "Corporations have been enthroned, and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until the wealth is aggregated in the hands of a few, and the Republic is destroyed." -- Abraham Lincoln "America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves." - Abraham Lincoln -
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#441766 - 10/24/08 03:09 PM Re: I predict...oil prices will crash. [Re: Finger Lakes Boater]
deepv Safety Officer Admiral Registered: 03/17/04 Posts: 6625 Loc: SoCal	I predict it'll be over $100 by July 2011. _________________________ 72% of fatal boat accidents are caused by boaters that haven't taken a safe boating course. 2001 Sea Ray Sundeck 190 5.0 EFI Alpha I,Generation 2 2002 4x4 LB Lariat CC F250, 7.3PSD
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#441770 - 10/24/08 03:59 PM Re: I predict...oil prices will crash. [Re: deepv]
trooplewis Admiral Registered: 11/10/06 Posts: 3386 Loc: San Diego	Ford stock is at $1.89 today. If oil stays down (and I think it will, for those of you old enough remember the 1973 and 1979 embargos), Ford may be a good buy. Even at $7/share it looked pretty attractive last march
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#441775 - 10/24/08 04:37 PM Re: I predict...oil prices will crash. [Re: trooplewis]
deepv Safety Officer Admiral Registered: 03/17/04 Posts: 6625 Loc: SoCal	That's about ready to break a buck? Maybe diesel will too? But of course for that to happen, none of us will have a job to go to. _________________________ 72% of fatal boat accidents are caused by boaters that haven't taken a safe boating course. 2001 Sea Ray Sundeck 190 5.0 EFI Alpha I,Generation 2 2002 4x4 LB Lariat CC F250, 7.3PSD
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