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Realistbear

Oil $107

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http://www.bloomberg.com/apps/news?pid=206...&refer=home

Oil Rises to Record $107 as Returns Outpace Financial Markets
By Mark Shenk
March 10 (Bloomberg) -- Crude oil rose to a record $107 a barrel in New York as investors purchased futures because the returns have outpaced those of financial markets.

Frenzy time is here folks! $150 bbl very very soon. The big boys will be jubilant over at BP, Total Shell and GAZPROM! Imagine the size of the bonus packages this year! It will put the sub-prime bonuses into the shadows!

Edited by Realistbear

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DOW & FTSE both tanking. Perhaps the realisation that $100+ oil will guarantee that the recession will be that much worse.

Even, ssshh gold, is tanking.

FTSE 100 (FSI:^FTSE)

Index Value: 5,644.40

Trade Time: 3:34PM

Change: 55.50 (0.97%)

Prev Close: 5,699.90

Open: 5,699.90

Day's Range: 5,643.40 - 5,718.80

52wk Range: 5,338.70 - 6,751.70

We had better get used to 2 quid a litre for fuel soon. U-Turn Ali will no doubt be adding a couple of Pence on budget day but it will seems like a drop in the proverbial with the massive hikes in store. OPEC are on a run here and see victory in sight.

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CEO at BP: "Yeah baby--bring it OOON!"

BP (LSE:BP.L)

Last Trade: 537.00 p

Trade Time: 3:37PM

Change: 8.50 (1.61%)

Prev Close: 528.50

Open: 529.50

Bid: 536.50

Ask: 537.00

1y Target Est: 669.42p

Up Up UP and awaaaaaaaaaaaaaaaaaaaaaaay

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Guest DissipatedYouthIsValuable
DOW & FTSE both tanking. Perhaps the realisation that $100+ oil will guarantee that the recession will be that much worse.

Even, ssshh gold, is tanking.

FTSE 100 (FSI:^FTSE)

Index Value: 5,644.40

Trade Time: 3:34PM

Change: 55.50 (0.97%)

Prev Close: 5,699.90

Open: 5,699.90

Day's Range: 5,643.40 - 5,718.80

52wk Range: 5,338.70 - 6,751.70

We had better get used to 2 quid a litre for fuel soon. U-Turn Ali will no doubt be adding a couple of Pence on budget day but it will seems like a drop in the proverbial with the massive hikes in store. OPEC are on a run here and see victory in sight.

This is just a gold sell off by the cartel. I'll buy once I see the familiar 3 heads and a donkey sign on the chart, and sell into strength.

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I don't understand why we're not seeing riots at US gas stations - their whole society depends on cheap petrol :unsure:

They can't afford to drive out there. ;)

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I don't understand why we're not seeing riots at US gas stations - their whole society depends on cheap petrol :unsure:

They are too obese to get out of their SUV's. They could hire some illegals to do it for them :P

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This is just a gold sell off by the cartel. I'll buy once I see the familiar 3 heads and a donkey sign on the chart, and sell into strength.

The oil cartel is the only one that matters. Starve the world of oil and the world economies collapse overtnight. Starve the world of gold and they will just buy less tom.

OPEC are on a roll now and they know they have the power to bring the world economies to their knees. There is nothing stopping them raisnig prices like the EAs raised priced on houses. So long as they work together they can achieve all objectives.

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They are too obese to get out of their SUV's. They could hire some illegals to do it for them :P

Driving back home today on the M40 I have never seen so many Rangerovers flying down the fast lane. They were even pushing the 100 mph white vans into the middle lane. SUV sales are soaring in the UK and now outpace SUV sales in the US on a per capita basis.* City bonuses are pouring in to Rangerovers and the new X5 with the twin turbo V8 that can keep up with a white van anyday of the week. <_<

IN the meantime is it an opportune moment to load up on BP, Shell and Total shares as these boys are going to be rich this year. A shut dowen of gas supplies by GAZPROM also suggests that British Gas et. al. might be a good punt. Watch out for some further 15% hikes later in the Spring.

_____________________

SUV mania is stronger in the UK since 2006:

2006:

However, the SMMT (Society of Motor Manufacturers and Traders) dismissed the figures as 'insignificant', saying that
SUV sales had fallen by only 0.1%,
whereas the car market as a whole had dipped by 4.2% - meaning that
SUVs actually now account for a higher proportion of new car sales than before
.
:o
In the US, SUV sales have fallen by 28% this year
, a much more marked downturn driven by rising petrol costs that has forced Ford, General Motors and Chrysler to rethink their model-ranges and future product plans.
Edited by Realistbear

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DOW & FTSE both tanking. Perhaps the realisation that $100+ oil will guarantee that the recession will be that much worse.

Even, ssshh gold, is tanking.

FTSE 100 (FSI:^FTSE)

Index Value: 5,644.40

Trade Time: 3:34PM

Change: 55.50 (0.97%)

Prev Close: 5,699.90

Open: 5,699.90

Day's Range: 5,643.40 - 5,718.80

52wk Range: 5,338.70 - 6,751.70

We had better get used to 2 quid a litre for fuel soon. U-Turn Ali will no doubt be adding a couple of Pence on budget day but it will seems like a drop in the proverbial with the massive hikes in store. OPEC are on a run here and see victory in sight.

And what's the betting CPI will still be sub 2.5 per cent all year in spite of record oil, food and energy prices. Fuc#ing con men! :angry:

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Guest DissipatedYouthIsValuable
The oil cartel is the only one that matters. Starve the world of oil and the world economies collapse overtnight. Starve the world of gold and they will just buy less tom.

OPEC are on a roll now and they know they have the power to bring the world economies to their knees. There is nothing stopping them raisnig prices like the EAs raised priced on houses. So long as they work together they can achieve all objectives.

My lazy donkey won't be pleased about this.

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The oil cartel is the only one that matters. Starve the world of oil and the world economies collapse overtnight. Starve the world of gold and they will just buy less tom.

OPEC are on a roll now and they know they have the power to bring the world economies to their knees. There is nothing stopping them raisnig prices like the EAs raised priced on houses. So long as they work together they can achieve all objectives.

This has been technically true since circa 1970. OPEC has, basically no power because it cannot enforce member discipline, and a cartel is nothing when everyone cheats (apart from Saudi Arabia plus possibly Kuwait). The problem now is quite simply that OPEC have no more spare capacity. IN many ways it would be more comforting if they had a plan, since they would be ameniable to reason.. geology isn't.

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Looking at the state of the british economy and the likely effects of rising fuel and gas prices I'm shocked we are not hearing recession fears for the UK.

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And what's the betting CPI will still be sub 2.5 per cent all year in spite of record oil, food and energy prices. Fuc#ing con men! :angry:

The cost of fuel is "adjusted" in Gordon's basket. This is to lessen its impact on inflation. Gordon is proud to announce, through U-turn Ali, that inflation in the UK is at record lows compared with everywhere else in the world.

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Looking at the state of the british economy and the likely effects of rising fuel and gas prices I'm shocked we are not hearing recession fears for the UK.

It's too serious to mention this time.

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It's too serious to mention this time.

Based on the fact that there are no problems with supply for oil and gas then surely the next thing to crash will be the commodities markets. What ever way you look at it oil is not worth $107 a barrell while we have ample stocks.

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It's too serious to mention this time.

Expect demand will recede as USA downturns. OPEC has been manipulating supply as well as information. But it seems there is 16 trillion barrels of the stuff left, out of 1 trillion used so far. These prices are unsustainable and IMO will re-set following economic slowdown.

see below Wall Street Jornal - March 4th 2008. "The World Has Plenty of Oil"

By NANSEN G. SALERI

March 4, 2008; Page A17

http://online.wsj.com/article/SB1204593896...in_commentaries

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  • 297 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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