Originally posted by: EatSpam
Originally posted by: charrison
Originally posted by: EatSpam
Originally posted by: charrison
Originally posted by: 5LiterMustang
How high will oil get before it finally either levels off or starts a decline? I believe this point could be as high as 100/barrel given the circumstances with supply, and the fact that our politicians refuse to help the situation...your thoughts and opinions on this?
It is about to start falling again..
How do you know?
There is no reason for it to be as high as it is right now.
I hope you are right, but I see a lot of reasons for it being high...uncertainty due to the Iraq war,
No reall supply issues because of Iraq at this point.
a weaker dollar,
it is stronger than it was a year ago
price gouging by the oil companies,
I will have to disagree on this. Profits do appear to be up, but they are not excessive/ Remember these profits will either go back to shareholders or new enegy developments. Eitherway the profits go back into the economy.
insufficient refinery capacity,
This could cause higher gas prices, but it will not cause higher oil prices. IF anything it will limit our need for oil.
supply issues due to a growing China and India, etc.