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KYbass1276

For the Record

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For the Record I predict that by Nov 08 we will see fuel prices around $4.50 to $4.80 a gal for unleaded and diesal hovering really close to $5.00 a gal.   Basically just wanted to put it down somewhere so I could say I said it back in the spring.  

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$2.49 for unleaded regular on November 8, 2008.

I would expect gas to drop below $2.00 early next

year, but maybe much sooner.

8-)

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I would expect gas to drop below $2.00 early next

year, but maybe much sooner.

If that happens, I will pull the boat up for some smallie fishing.  Deal?

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And I'll meet you guys with a sack full of Yamamoto's. :) ;D

(Either way, we can't lose Keith, I hear RW makes a mean Bar-B-Q :) )

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Posted by: roadwarrior      Posted on: Today at 1:43pm

$2.49 for unleaded regular on November 8, 2008.

I would expect gas to drop below $2.00 early next

year, but maybe much sooner.

I can't even imagine such a happy time it would be for the fishing community if gas drops back below $2.00  I hope you are right RW

Harshman

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$2.49 for unleaded regular on November 8, 2008.

I would expect gas to drop below $2.00 early next

year, but maybe much sooner.

8-)

I want some of whatever you're smoking.

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Hey guys, there is nothing "normal" about $118 oil. Any commodity trading at its highest level in history, has a tendency to fall back towards the median. There does not appear to be a "fundamental shortage" of oil on the world market. I believe the current price is contrived and will collapse, hopefully very soon.

8-)

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Worldwide demand will not decrease.  The dollar will not get stronger.  No additional refining capacity will be added in the US.

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The dollar will not get stronger.

The weak dollar is one thing making everything get so expensive.  

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Well, we will see. If the United States enters into (or is already in) an economic downturn, the world will follow and demand will weaken, perhaps dramatically. Worldwide, excess capacity is what concerns OPEC.

The dollar has been trending down for some time, but recovered somewhat today. Currency markets are notoriously volatile. At current levels, I would expect some resurgence in the U.S. dollar.

Refining capacity is a long-term concern, but is not a current problem. There is no shortage of gasoline, just high prices. This point is particulary interesting and the reason I stated that today's pricing of oil appears to be contrived.

8-)

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From what I hear, supply and demand doesn't have that much effect on the current price increased. I saw a guy on the news today talking about a proposal to cut military deals to OPEC countries until they increase production and lower prices. That seems like a good idea to me...

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it will get worse before better and the better may take 3 yrs .It all runs downhill we pay 4.80 for a gallon of milk now .the man that owns the cow is making prob a dollar its the transport of it that cost so much .Even now if gas went to 1-30 a gal it take a few months for everything to even out across the board .Fuel is what makes the world go round .I say 5-50 a gal by July and maybe taper off around this time next yr to a steady 2.80 a gal

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Well, when you count that the Government makes more per gallon of gas than the oil companies do, and the station owner makes maybe 0.04 per gallon sold, the rest is going in someones pocket.

I can only hope and pray we can drill our own reserves soon.  Anwar and the Gulf of Mexico both have bigger oil reserves than Saudi does.

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personally i believe drilling ANWR is a horrible idea. we had to do a report on it over the summer and i cant see anything that good coming out of it. the effect would be temporary and would not help the environment out to much. personally i believe the best option is to explore alternative energy and work towards finding an efficient alternative that wouldnt be "temporary"

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Hey guys, there is nothing "normal" about $118 oil. Any commodity trading at its highest level in history, has a tendency to fall back towards the median. There does not appear to be a "fundamental shortage" of oil on the world market. I believe the current price is contrived and will collapse, hopefully very soon.

8-)

You're right and you're wrong.  $118 oil is definitely not right.  And you are right there is no fundamental shortage but many people believe that oil production has now peaked.  Either the point is there or has been crossed already where the demand is outstripping the supply.  Unfortunately when that happens the price can be set where ever still allows consumers to buy.  

I saw a documentary on this recently and the big factor in high oil prices is 3 billion new oil consumers.  China and India.  If one collapses anytime soon, oil prices will fall guaranteed.  

I do agree that if we go into a recession and force the rest of the world in it also, then during the recovery, our dollar will gain strength and that may also cause oil prices to drop.

Just my opinion.

J

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personally i believe drilling ANWR is a horrible idea. we had to do a report on it over the summer and i cant see anything that good coming out of it. the effect would be temporary and would not help the environment out to much. personally i believe the best option is to explore alternative energy and work towards finding an efficient alternative that wouldnt be "temporary"

You are right, drilling there is a horrible idea.  And I finally realize why.  That oil must be saved and taken at a time when the opportunity presents.  When the rest of the oil runs out we will need some, otherwise there is going to be Mad Max style carnage.

J

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$2.49 for unleaded regular on November 8, 2008.

I would expect gas to drop below $2.00 early next

year, but maybe much sooner.

8-)

I hope when Nov 8 does get here,   You will have been right and can post a big I told you so.  

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Worldwide demand will not decrease. The dollar will not get stronger. No additional refining capacity will be added in the US.

Agreed. Hang on to your @sses.

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I can only hope and pray we can drill our own reserves soon. Anwar and the Gulf of Mexico both have bigger oil reserves than Saudi does.

                                                                                                                                                                                                            Earth First! we'll drill the other planets later.

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We need to drill here.  In Alaska alone we have over 250 years worth of oil!

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We need to drill here. In Alaska alone we have over 250 years worth of oil!

i would have to disagree. for one there is no sure way of telling how much oil is really down there, all we have are estimates. also figures i have seen say that if we were to use ANWR to feed 5% of our oil demand it could last anywere from about 12 to around 32 years. if we used it as 100%of our demand it would last 215 to 525 days based one high and low estimates

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Worldwide demand will not decrease.

Probably not.

The dollar will not get stronger.

Why wouldn't it?

No additional refining capacity will be added in the US.

And why does this matter?  

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and oh yea. i dont think this thread will last much longer

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