Is oil returning to 100 dollars or dropping to 10?

Thursday, February 26th 2015 - 17:30 UTC

Full article 8 comments

If you have been following the price of oil over the last few months, the chances are you're a little confused. On the one hand you have the likes of A. Gary Shilling who, in this Bloomberg article, loudly trumpets the prospect of oil at $10/Barrel, and on the other there is T. Boone Pickens, who, at the end of last year was predicting a return to $100 within 12-18 months. Read full article

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Briton
Prices at the pumps have already started to rise,

are they ripping us all of,
just ask the poor motorist...
Feb 26th, 2015 - 08:55 pm - Link - Report abuse 0
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paulcedron
returning to 100 dollars or dropping to 10 would be the same for the bennys.
NOBODY in his right mind would put a cent in that joke they call “oil well”.
Feb 26th, 2015 - 10:46 pm - Link - Report abuse 0
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Captain Poppy
Gas has skyrocketed to 2.25 a gallon. But then again.....refineries close this time of the year for annual cleaning.
Feb 26th, 2015 - 11:13 pm - Link - Report abuse 0
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lsolde
@3 Captain Poppy,
That's cheap fuel! by western standards.
Feb 27th, 2015 - 10:13 am - Link - Report abuse 0
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Kirk Nelson
Let us be real realistic about future oil pricces.
Major industrial countries, like G-7, are making improvement changes to their transportation syste. I addition, also, car manufactories are working on new ways eventually leading to get ready of gasoline.
Air plane manufactures, are balancing out sustantially to reduction of air-gasoline, so new avionics will reduce the current ratio of airplane gasoline comsuption.
The USA will continue on its shale oil production so all factors evenually will consolidate to a point reducing the current barrel of oil price of $ 49.75 to a new global standar price not over $ 25.oo
Current oil producers such as OPEC and NON-OPEC countries better review their budgets and develope acrrual forecaste to operate freely and search for better and new energy innovations that will require the XXI century .
There will not be more $ 100 barrel of oil prices on earth.
Global economy will be hurt, but that is the way that general men works.

Kirk Nelson,
New York, USA
Feb 27th, 2015 - 01:25 pm - Link - Report abuse 0
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ChrisR
@ 5 Kirk Nelson

Your second paragraph is completely unintelligible.

Your third paragraph is completely wrong about the use of 'gasoline'. Modern commercial aircraft use JetA which is like kerosene and much easier and cheaper to refine.

Quite how you resolve the U$D25 per barrel is beyond me, are you a psychic?
Feb 27th, 2015 - 05:07 pm - Link - Report abuse 0
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lsolde
Kirk Nelson must be using a translator of some sort.
Whatever it is, it needs reprogramming.
Feb 27th, 2015 - 08:50 pm - Link - Report abuse 0
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Captain Poppy
Perhaps Isolde, but we do not tax it the way Europe does. In Early February is was around 1.0 a gallon. But the refineries shut down this time of the year.
Feb 28th, 2015 - 03:42 pm - Link - Report abuse 0
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