(01-20-2015 01:51 PM)stinkfist Wrote:  

(01-20-2015 01:49 PM)HeartOfDixie Wrote:  Prices are going to rise within the next year. I think I've said it before on this thread, but most of our American production requires constant investment or production will fall of 50-75% in the next year. It isn't rocket science.

A per barrel price of 70-80$ is just about right.

it depends how the new gold rush plays out.....you may be right in the end.....it's the 'when' it ends that is the question.....

ah, the speculators.....I really love 'em.....it's why I'm a bookie....

Speculators do not (in fact, can not) affect the price of oil. As you correctly allude, it's no different than betting on the Patriots. Your bet has no impact on the final score.

(01-20-2015 02:08 PM)QuestionSocratic Wrote:  

(01-20-2015 01:51 PM)stinkfist Wrote:  

(01-20-2015 01:49 PM)HeartOfDixie Wrote:  Prices are going to rise within the next year. I think I've said it before on this thread, but most of our American production requires constant investment or production will fall of 50-75% in the next year. It isn't rocket science.

A per barrel price of 70-80$ is just about right.

it depends how the new gold rush plays out.....you may be right in the end.....it's the 'when' it ends that is the question.....

ah, the speculators.....I really love 'em.....it's why I'm a bookie....

Speculators do not (in fact, can not) affect the price of oil. As you correctly allude, it's no different than betting on the Patriots. Your bet has no impact on the final score.

so 110 bucks per just 'happened' (or whatever the number was..... it's close enough)

ummmmmmmmmkay

you do realize eco101 is total fail right now (inflation/deflation....the why)

y'all keep on havin' fun......

(01-20-2015 02:08 PM)QuestionSocratic Wrote:  

(01-20-2015 01:51 PM)stinkfist Wrote:  

(01-20-2015 01:49 PM)HeartOfDixie Wrote:  Prices are going to rise within the next year. I think I've said it before on this thread, but most of our American production requires constant investment or production will fall of 50-75% in the next year. It isn't rocket science.

A per barrel price of 70-80$ is just about right.

it depends how the new gold rush plays out.....you may be right in the end.....it's the 'when' it ends that is the question.....

ah, the speculators.....I really love 'em.....it's why I'm a bookie....

Speculators do not (in fact, can not) affect the price of oil. As you correctly allude, it's no different than betting on the Patriots. Your bet has no impact on the final score.

So far, going back to other threads, I have been right all along. This is all speculation. Oil will settle around $35 and gas at $1.50ish. It may overcorrect and go below that, but it will settle around $35. This bubble went on way too long with absolutely zero macroeconomic support and this has been a long time coming. OPEC can support it and have plenty of it. If some of the more expensive US producers want to continue playing in the game, they'll have to come up with a cheaper way to produce. Simple as that. $80-$100-$150 jumps are over.

(01-20-2015 03:59 PM)EverRespect Wrote:  

(01-20-2015 02:08 PM)QuestionSocratic Wrote:  

(01-20-2015 01:51 PM)stinkfist Wrote:  

(01-20-2015 01:49 PM)HeartOfDixie Wrote:  Prices are going to rise within the next year. I think I've said it before on this thread, but most of our American production requires constant investment or production will fall of 50-75% in the next year. It isn't rocket science.

A per barrel price of 70-80$ is just about right.

it depends how the new gold rush plays out.....you may be right in the end.....it's the 'when' it ends that is the question.....

ah, the speculators.....I really love 'em.....it's why I'm a bookie....

Speculators do not (in fact, can not) affect the price of oil. As you correctly allude, it's no different than betting on the Patriots. Your bet has no impact on the final score.

So far, going back to other threads, I have been right all along. This is all speculation. Oil will settle around $35 and gas at $1.50ish. It may overcorrect and go below that, but it will settle around $35. This bubble went on way too long with absolutely zero macroeconomic support and this has been a long time coming. OPEC can support it and have plenty of it. If some of the more expensive US producers want to continue playing in the game, they'll have to come up with a cheaper way to produce. Simple as that. $80-$100-$150 jumps are over.

If, as you suggest, it is speculation, how do you explain that futures contracts are currently showing a steady rise in crude prices for the next 10 years? In the short term, crude futures are closing above $50 by August?

(01-20-2015 06:38 PM)QuestionSocratic Wrote:  

(01-20-2015 03:59 PM)EverRespect Wrote:  

(01-20-2015 02:08 PM)QuestionSocratic Wrote:  

(01-20-2015 01:51 PM)stinkfist Wrote:  

(01-20-2015 01:49 PM)HeartOfDixie Wrote:  Prices are going to rise within the next year. I think I've said it before on this thread, but most of our American production requires constant investment or production will fall of 50-75% in the next year. It isn't rocket science.

A per barrel price of 70-80$ is just about right.

it depends how the new gold rush plays out.....you may be right in the end.....it's the 'when' it ends that is the question.....

ah, the speculators.....I really love 'em.....it's why I'm a bookie....

Speculators do not (in fact, can not) affect the price of oil. As you correctly allude, it's no different than betting on the Patriots. Your bet has no impact on the final score.

So far, going back to other threads, I have been right all along. This is all speculation. Oil will settle around $35 and gas at $1.50ish. It may overcorrect and go below that, but it will settle around $35. This bubble went on way too long with absolutely zero macroeconomic support and this has been a long time coming. OPEC can support it and have plenty of it. If some of the more expensive US producers want to continue playing in the game, they'll have to come up with a cheaper way to produce. Simple as that. $80-$100-$150 jumps are over.

If, as you suggest, it is speculation, how do you explain that futures contracts are currently showing a steady rise in crude prices for the next 10 years? In the short term, crude futures are closing above $50 by August?

It is a derivative. Did the futures market last August have $40 oil today? Is anyone on Wall Street jumping out of windows? No, because every bet is offset by another. It is nothing but a casino anymore. Oregon is 6 points better than Ohio State.

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If oil is going to settle at $35, surely you should be writing calls on everything you can get your hands on relevant to >$35 oil. All those premiums should be free money, and you should become the world's first instant billionaire.

Put your money where your mouth is.

(01-20-2015 07:25 PM)EverRespect Wrote:  

(01-20-2015 06:38 PM)QuestionSocratic Wrote:  

(01-20-2015 03:59 PM)EverRespect Wrote:  

(01-20-2015 02:08 PM)QuestionSocratic Wrote:  

(01-20-2015 01:51 PM)stinkfist Wrote:  it depends how the new gold rush plays out.....you may be right in the end.....it's the 'when' it ends that is the question.....

ah, the speculators.....I really love 'em.....it's why I'm a bookie....

Speculators do not (in fact, can not) affect the price of oil. As you correctly allude, it's no different than betting on the Patriots. Your bet has no impact on the final score.

So far, going back to other threads, I have been right all along. This is all speculation. Oil will settle around $35 and gas at $1.50ish. It may overcorrect and go below that, but it will settle around $35. This bubble went on way too long with absolutely zero macroeconomic support and this has been a long time coming. OPEC can support it and have plenty of it. If some of the more expensive US producers want to continue playing in the game, they'll have to come up with a cheaper way to produce. Simple as that. $80-$100-$150 jumps are over.

If, as you suggest, it is speculation, how do you explain that futures contracts are currently showing a steady rise in crude prices for the next 10 years? In the short term, crude futures are closing above $50 by August?

It is a derivative. Did the futures market last August have $40 oil today? Is anyone on Wall Street jumping out of windows? No, because every bet is offset by another. It is nothing but a casino anymore. Oregon is 6 points better than Ohio State.

Sent from my SCH-I535 using Tapatalk

That's exactly my point, it's not the speculators. You blamed the speculators and then explain why it can't be the speculators.

(01-21-2015 09:35 AM)QuestionSocratic Wrote:  

(01-20-2015 07:25 PM)EverRespect Wrote:  

(01-20-2015 06:38 PM)QuestionSocratic Wrote:  

(01-20-2015 03:59 PM)EverRespect Wrote:  

(01-20-2015 02:08 PM)QuestionSocratic Wrote:  Speculators do not (in fact, can not) affect the price of oil. As you correctly allude, it's no different than betting on the Patriots. Your bet has no impact on the final score.

So far, going back to other threads, I have been right all along. This is all speculation. Oil will settle around $35 and gas at $1.50ish. It may overcorrect and go below that, but it will settle around $35. This bubble went on way too long with absolutely zero macroeconomic support and this has been a long time coming. OPEC can support it and have plenty of it. If some of the more expensive US producers want to continue playing in the game, they'll have to come up with a cheaper way to produce. Simple as that. $80-$100-$150 jumps are over.

If, as you suggest, it is speculation, how do you explain that futures contracts are currently showing a steady rise in crude prices for the next 10 years? In the short term, crude futures are closing above $50 by August?

It is a derivative. Did the futures market last August have $40 oil today? Is anyone on Wall Street jumping out of windows? No, because every bet is offset by another. It is nothing but a casino anymore. Oregon is 6 points better than Ohio State.

Sent from my SCH-I535 using Tapatalk

That's exactly my point, it's not the speculators. You blamed the speculators and then explain why it can't be the speculators.

Ok, I am using the term loosely. It is the banks, not individual speculators.

(01-20-2015 07:49 PM)Kronke Wrote:  If oil is going to settle at $35, surely you should be writing calls on everything you can get your hands on relevant to >$35 oil. All those premiums should be free money, and you should become the world's first instant billionaire.

Put your money where your mouth is.

I don't gamble. Haven't in about 18 years.

Thank you, Saudi Arabia!
Thank you, private land owners!

No thanks to you, Obama.

(01-20-2015 03:59 PM)EverRespect Wrote:  

(01-20-2015 02:08 PM)QuestionSocratic Wrote:  

(01-20-2015 01:51 PM)stinkfist Wrote:  

(01-20-2015 01:49 PM)HeartOfDixie Wrote:  Prices are going to rise within the next year. I think I've said it before on this thread, but most of our American production requires constant investment or production will fall of 50-75% in the next year. It isn't rocket science.

A per barrel price of 70-80$ is just about right.

it depends how the new gold rush plays out.....you may be right in the end.....it's the 'when' it ends that is the question.....

ah, the speculators.....I really love 'em.....it's why I'm a bookie....

Speculators do not (in fact, can not) affect the price of oil. As you correctly allude, it's no different than betting on the Patriots. Your bet has no impact on the final score.

So far, going back to other threads, I have been right all along. This is all speculation. Oil will settle around $35 and gas at $1.50ish. It may overcorrect and go below that, but it will settle around $35. This bubble went on way too long with absolutely zero macroeconomic support and this has been a long time coming. OPEC can support it and have plenty of it. If some of the more expensive US producers want to continue playing in the game, they'll have to come up with a cheaper way to produce. Simple as that. $80-$100-$150 jumps are over.

XACLY it was easily tulips after Katrina and Rita....

it is certain that manipulation/speculation has and will happen moving forward......

for now, I'm pretty solid that she bumps back up to a reasonable number (around two buck/gal) sometime this year....

it's the number this country needs.....and our needs are the most important in macro terms....

(01-20-2015 07:25 PM)EverRespect Wrote:  

(01-20-2015 06:38 PM)QuestionSocratic Wrote:  

(01-20-2015 03:59 PM)EverRespect Wrote:  

(01-20-2015 02:08 PM)QuestionSocratic Wrote:  

(01-20-2015 01:51 PM)stinkfist Wrote:  it depends how the new gold rush plays out.....you may be right in the end.....it's the 'when' it ends that is the question.....

ah, the speculators.....I really love 'em.....it's why I'm a bookie....

Speculators do not (in fact, can not) affect the price of oil. As you correctly allude, it's no different than betting on the Patriots. Your bet has no impact on the final score.

So far, going back to other threads, I have been right all along. This is all speculation. Oil will settle around $35 and gas at $1.50ish. It may overcorrect and go below that, but it will settle around $35. This bubble went on way too long with absolutely zero macroeconomic support and this has been a long time coming. OPEC can support it and have plenty of it. If some of the more expensive US producers want to continue playing in the game, they'll have to come up with a cheaper way to produce. Simple as that. $80-$100-$150 jumps are over.

If, as you suggest, it is speculation, how do you explain that futures contracts are currently showing a steady rise in crude prices for the next 10 years? In the short term, crude futures are closing above $50 by August?

It is a derivative. Did the futures market last August have $40 oil today? Is anyone on Wall Street jumping out of windows? No, because every bet is offset by another. It is nothing but a casino anymore. Oregon is 6 points better than Ohio State.

Sent from my SCH-I535 using Tapatalk

the point is.....how did it reach it's peak....that's the speculation part of the equation....

there are some broke dicks right now.....

(01-20-2015 02:08 PM)QuestionSocratic Wrote:  

(01-20-2015 01:51 PM)stinkfist Wrote:  

(01-20-2015 01:49 PM)HeartOfDixie Wrote:  Prices are going to rise within the next year. I think I've said it before on this thread, but most of our American production requires constant investment or production will fall of 50-75% in the next year. It isn't rocket science.

A per barrel price of 70-80$ is just about right.

it depends how the new gold rush plays out.....you may be right in the end.....it's the 'when' it ends that is the question.....

ah, the speculators.....I really love 'em.....it's why I'm a bookie....

Speculators do not (in fact, can not) affect the price of oil. As you correctly allude, it's no different than betting on the Patriots. Your bet has no impact on the final score.

I'm glad somebody said this.

(01-21-2015 01:05 PM)HeartOfDixie Wrote:  

(01-20-2015 02:08 PM)QuestionSocratic Wrote:  

(01-20-2015 01:51 PM)stinkfist Wrote:  

(01-20-2015 01:49 PM)HeartOfDixie Wrote:  Prices are going to rise within the next year. I think I've said it before on this thread, but most of our American production requires constant investment or production will fall of 50-75% in the next year. It isn't rocket science.

A per barrel price of 70-80$ is just about right.

it depends how the new gold rush plays out.....you may be right in the end.....it's the 'when' it ends that is the question.....

ah, the speculators.....I really love 'em.....it's why I'm a bookie....

Speculators do not (in fact, can not) affect the price of oil. As you correctly allude, it's no different than betting on the Patriots. Your bet has no impact on the final score.

I'm glad somebody said this.

false

in this instance, the end result continually churns.....

I'm a ****** bookie....that game is over....and it's only the vig I care about....

I'll take your bet on the pats/hawks game if you wish.....

that analogy is just tard....

(01-21-2015 12:43 PM)stinkfist Wrote:  

(01-20-2015 07:25 PM)EverRespect Wrote:  

(01-20-2015 06:38 PM)QuestionSocratic Wrote:  

(01-20-2015 03:59 PM)EverRespect Wrote:  

(01-20-2015 02:08 PM)QuestionSocratic Wrote:  Speculators do not (in fact, can not) affect the price of oil. As you correctly allude, it's no different than betting on the Patriots. Your bet has no impact on the final score.

So far, going back to other threads, I have been right all along. This is all speculation. Oil will settle around $35 and gas at $1.50ish. It may overcorrect and go below that, but it will settle around $35. This bubble went on way too long with absolutely zero macroeconomic support and this has been a long time coming. OPEC can support it and have plenty of it. If some of the more expensive US producers want to continue playing in the game, they'll have to come up with a cheaper way to produce. Simple as that. $80-$100-$150 jumps are over.

If, as you suggest, it is speculation, how do you explain that futures contracts are currently showing a steady rise in crude prices for the next 10 years? In the short term, crude futures are closing above $50 by August?

It is a derivative. Did the futures market last August have $40 oil today? Is anyone on Wall Street jumping out of windows? No, because every bet is offset by another. It is nothing but a casino anymore. Oregon is 6 points better than Ohio State.

Sent from my SCH-I535 using Tapatalk

the point is.....how did it reach it's peak....that's the speculation part of the equation....

there are some broke dicks right now.....

Disagree. There are no more broke dicks than there are Broke bookies whose clients overwhelmingly picked Oregon. Every bet on $150 oil was offset by another bet that they are making a killing on and Wall Street still gets their fee. It is a scam. The whole system is broken.

(01-21-2015 01:05 PM)HeartOfDixie Wrote:  

(01-20-2015 02:08 PM)QuestionSocratic Wrote:  

(01-20-2015 01:51 PM)stinkfist Wrote:  

(01-20-2015 01:49 PM)HeartOfDixie Wrote:  Prices are going to rise within the next year. I think I've said it before on this thread, but most of our American production requires constant investment or production will fall of 50-75% in the next year. It isn't rocket science.

A per barrel price of 70-80$ is just about right.

it depends how the new gold rush plays out.....you may be right in the end.....it's the 'when' it ends that is the question.....

ah, the speculators.....I really love 'em.....it's why I'm a bookie....

Speculators do not (in fact, can not) affect the price of oil. As you correctly allude, it's no different than betting on the Patriots. Your bet has no impact on the final score.

I'm glad somebody said this.

No, but it has a huge impact on the final line. The final line of $150 oil doesn't reflect the final score of $35 oil. Fortunately, after 10 years, they finally played the game.

(01-21-2015 02:30 PM)EverRespect Wrote:  

(01-21-2015 12:43 PM)stinkfist Wrote:  

(01-20-2015 07:25 PM)EverRespect Wrote:  

(01-20-2015 06:38 PM)QuestionSocratic Wrote:  

(01-20-2015 03:59 PM)EverRespect Wrote:  So far, going back to other threads, I have been right all along. This is all speculation. Oil will settle around $35 and gas at $1.50ish. It may overcorrect and go below that, but it will settle around $35. This bubble went on way too long with absolutely zero macroeconomic support and this has been a long time coming. OPEC can support it and have plenty of it. If some of the more expensive US producers want to continue playing in the game, they'll have to come up with a cheaper way to produce. Simple as that. $80-$100-$150 jumps are over.

If, as you suggest, it is speculation, how do you explain that futures contracts are currently showing a steady rise in crude prices for the next 10 years? In the short term, crude futures are closing above $50 by August?

It is a derivative. Did the futures market last August have $40 oil today? Is anyone on Wall Street jumping out of windows? No, because every bet is offset by another. It is nothing but a casino anymore. Oregon is 6 points better than Ohio State.

Sent from my SCH-I535 using Tapatalk

the point is.....how did it reach it's peak....that's the speculation part of the equation....

there are some broke dicks right now.....

Disagree. There are no more broke dicks than there are Broke bookies whose clients overwhelmingly picked Oregon. Every bet on $150 oil was offset by another bet that they are making a killing on and Wall Street still gets their fee. It is a scam. The whole system is broken.

like the market, the bookie has the ability to absorb.....it's the player that picks the wrong side whose pickle is puckered and the turtle won't reveal the head from her shell....

this shite really isn't that hard to figure out....

you have to have capital to absorb a loss....

all eggs in the basket only makes one the easter bunny.....

edit: disagree all you want....dems da rules.....I didn't create the game....I just play by 'em

(01-21-2015 02:38 PM)stinkfist Wrote:  

(01-21-2015 02:30 PM)EverRespect Wrote:  

(01-21-2015 12:43 PM)stinkfist Wrote:  

(01-20-2015 07:25 PM)EverRespect Wrote:  

(01-20-2015 06:38 PM)QuestionSocratic Wrote:  If, as you suggest, it is speculation, how do you explain that futures contracts are currently showing a steady rise in crude prices for the next 10 years? In the short term, crude futures are closing above $50 by August?

It is a derivative. Did the futures market last August have $40 oil today? Is anyone on Wall Street jumping out of windows? No, because every bet is offset by another. It is nothing but a casino anymore. Oregon is 6 points better than Ohio State.

Sent from my SCH-I535 using Tapatalk

the point is.....how did it reach it's peak....that's the speculation part of the equation....

there are some broke dicks right now.....

Disagree. There are no more broke dicks than there are Broke bookies whose clients overwhelmingly picked Oregon. Every bet on $150 oil was offset by another bet that they are making a killing on and Wall Street still gets their fee. It is a scam. The whole system is broken.

like the market, the bookie has the ability to absorb.....it's the player that picks the wrong side whose pickle is puckered and the turtle won't reveal the head from her shell....

this shite really isn't that hard to figure out....

you have to have capital to absorb a loss....

all eggs in the basket only makes one the easter bunny.....

edit: disagree all you want....dems da rules.....I didn't create the game....I just play by 'em

I agree with that, just not sure how many little guys are buying oil contracts. I'm more apt to believe these wild price swings are the result of Wall Street computer algorithms. If you looked at it hard enough, you could probably determine that the ridiculous spike to $150 oil was started when the price of goat biscuits in Afghanistan reached $1.00 and this fall they dropped down to $0.99 or some other event that makes no sense and has nothing to do with real economics. Wall Street now hires more Mathematicians and Computer geeks than people who actually know how to calculate the value of a business using public data.

Gas rose 16 cents overnight.