Next Crude Oil Tipping point

Discussion in 'Talkback' started by TexasClodhopper, Aug 12, 2008.

  1. TexasClodhopper

    TexasClodhopper Senior Member

    Back on May 29, 2008 I told you to look for a certain price for crude oil next year.

    "I have it on good authority that crude oil prices will be "down" to $90 next year. There, I've stuck my neck out."

    Now it's your chance to guess where you think it will perhaps go this year. One of these numbers is a 'magic' tip-over point that will cause a certain drop. See if the preponderance of guesses can find it!
     
  2. DL Rupper

    DL Rupper Senior Member

    Re: Next Crude Oil Tipping point

    Well when Israel attacks Iran it will go up, up, up.
     
  3. elkhartjim

    elkhartjim Senior Member

    Re: Next Crude Oil Tipping point



    I'm with you Tex. And I'm going to take credit for the falling crude prices because I leased my land a few months ago for exploration driling. Of course the price is going to drop. Any of you want a good tip on some heavy duty stock?

    And I hope I understood your point. If it drops below $110-$113 it will continue down to $90 before it stabilizes. JMHO

    Check my gas war post.
     
  4. H2H1

    H2H1 Senior Member

    Re: Next Crude Oil Tipping point

    I sure hope you are right, 90.00 a barrel OK with me, what would that equate to per gallon?
     
  5. DL Rupper

    DL Rupper Senior Member

    Re: Next Crude Oil Tipping point

    Personnally I hope it stays high until Congress votes to Drill offshore. If you take the pressure off Congress they will punt.
     
  6. H2H1

    H2H1 Senior Member

    Re: Next Crude Oil Tipping point

    very true DL but with gas coming down it helps us all :laugh:
     
  7. Guest

    Guest Guest

    Re: Next Crude Oil Tipping point

    well as of now they are looking into the russia invasion thingy ,, so they say .. it near a mojor pipe line for the european countrys ,, and wait and see if it don't go up again ,, but JMO
    :laugh: :laugh: :laugh:
     
  8. Shadow

    Shadow Senior Member

    Re: Next Crude Oil Tipping point

    Not only that Rod and DL. Just mention the word Hurricane and it will go up!!
     
  9. DL Rupper

    DL Rupper Senior Member

    Re: Next Crude Oil Tipping point

    Hey all, I want my cake and eat it too. If the dummies in Congress vote for Drilling the price will come down. I just hope it stays high enough for the next 3 months to get Congress to act. Then it would nice if it came down, down, down. :)
     
  10. H2H1

    H2H1 Senior Member

    Re: Next Crude Oil Tipping point

    Drill,drill,drill I want lower gas price so I can travel more :laugh: :laugh: . I told my wife that I wanted to drill, she told me call my congressman :( :( :clown: . so I did , I was told he was out on recess :( , dang no luck at all.
     
  11. utmtman

    utmtman Senior Member

    Re: Next Crude Oil Tipping point

    If Obama gets into office it will go to 150 or higher. We had a survival economy until democrats got the senate a couple of years ago and we have not been worth crap since.
     
  12. H2H1

    H2H1 Senior Member

    Re: Next Crude Oil Tipping point

    Amen Lee!!!!!!!!!!!!!!!! OR EVEN worst he will give everything to the terrist in order to please them and we all will suffer a great deal
     
  13. H2H1

    H2H1 Senior Member

    Re: Next Crude Oil Tipping point

    Well today I bought gas for $3.45. not in Ga but AL. I had to fill the truck up plus 2-5 gal can and bring home and put in the wife car as it setting passed e. total cost $97.00. O-well life is still good :laugh: :laugh:
     
  14. C Nash

    C Nash Senior Member

    Re: Next Crude Oil Tipping point

    Hollis did you ever think you would see the day when 3.45 would be a bargin :eek: :laugh:
     
  15. H2H1

    H2H1 Senior Member

    Re: Next Crude Oil Tipping point

    well it looks like Rv is going to be fun again. I hope Tex perdiction come true. He stated it would down to $90.00 a barrel by fall ,sure hope so.
     
  16. TexasClodhopper

    TexasClodhopper Senior Member

    Re: Next Crude Oil Tipping point



    Whoa down there, hoss! I made no such prediction ... :clown:

    Don't forget to vote in the poll at the top of the page.
    Some day soon you can look back and say you are a very good prognosticator!
     
  17. H2H1

    H2H1 Senior Member

    Re: Next Crude Oil Tipping point

    OK I STAND CORRECT--- THAT $90.00 by next year
     
  18. Shadow

    Shadow Senior Member

    Re: Next Crude Oil Tipping point

    Hope your right TC, Retiring soon and plan on meeting up with some of you jokers!! ;) :laugh:
     
  19. H2H1

    H2H1 Senior Member

    Re: Next Crude Oil Tipping point

    I surely hope we get lower gas/diesel, it will allow a lot of us to get out more. we are planing on going to GTS open house this coming April if possible Shadow try to come. I have heard it is a lot of fun.
     
  20. Shadow

    Shadow Senior Member

    Re: Next Crude Oil Tipping point

    Just might happen. February will be my last month of employment. Hit the open house on the way north and the Oct. rally on the way back. Have a plan. Just got to Get-R-Done :)
     

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