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could see oil at $25 a barrel, bank predicts

Discussion in 'Members' Lounge' started by nootrac22, Dec 5, 2008.

  1. nootrac22

    nootrac22 Well-Known Member VIP

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  2. Airjockie

    Airjockie Watanabe Whore!!!

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    gas was $1.64 this morning... :)
     
  3. nootrac22

    nootrac22 Well-Known Member VIP

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    I'm still in the $1.80's.
     
  4. 95b16coupe

    95b16coupe New Member

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    this is the same bank that predicted $200/barrell by christmas back in june.
     
  5. austin20110

    austin20110 New Member

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  6. Briansol

    Briansol Admins Admin VIP

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    there's an opec meeting next week to cut production.

    they want 100/bl prices
     
  7. 95b16coupe

    95b16coupe New Member

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    it wont do any good though. there are only a couple countries that want to cut production to boost prices. when there is market parity, you can't win. so what if they cut production, it wont help the sales. and opec is about to crash. they have too many differences in how to handle production.
     
  8. Briansol

    Briansol Admins Admin VIP

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    if opec crashes, we will be walking for a while....
     
  9. eastbxc

    eastbxc Custom User Title

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    this is why what they predict is often completely useless
     
  10. totalburnout

    totalburnout Well-Known Member VIP

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    OPEC is simply the organization. If OPEC were to disband, we would be no worse for the wear, in fact we would be in a much better situation. This of course is the very reason why OPEC formed.
     
  11. BigJ

    BigJ I'm just about that action Boss. VIP

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    OPEC is a cartel formed for only price fixing. The US is not involved with OPEC and the treaties possessed by the sovereign nations that formed it protect it form antitrust laws.

    If OPEC were to break up, each oil producing country would have to compete with one another, and we'd see better prices.
     
  12. reikoshea

    reikoshea HS Troll...And Mod Moderator VIP

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    +1
     
  13. UNDR8D

    UNDR8D ...has a job!

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    Absolutely! That's some sound eco right there;)
     
  14. SlushboxTeggy

    SlushboxTeggy It's only stupid if it doesn't work VIP

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    $1.57 where I fill up. I predict a good price bump right around Christmas then prices will go down again. You know, just on coincidence.
     
  15. eastbxc

    eastbxc Custom User Title

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    I guess you could call it that :mad:
     
  16. UNDR8D

    UNDR8D ...has a job!

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    Nothing coincidental about price fluctuation!
     
  17. BodyDroppedNikes

    BodyDroppedNikes ...PENDEJO.... VIP

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    i saw $1.52 today here in Ft Wayne, Indiana
     
  18. D16Civic

    D16Civic Matt

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    1.47 today. As much as I like the low prices, this will just reinforce the illusion that George Bush is in control of the gas prices. Obama can now be the hero because now that he has been elected gas is getting cheap. Never mind prices have been steadily falling for 3 months.
     
  19. UNDR8D

    UNDR8D ...has a job!

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    Well, people are fuckin retarded and have no idea how things really work. It'll never change...
     
  20. George777

    George777 ^^ Likes Bewbies

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    I just wonder how calm it's going to get before the storm. And how bad the storm will hit us.
     
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