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SocGen's Shocking Oil Forecast $125 Per Barrel with Short Duration Spikes Of Up To $150

 
Saddletramp
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08/27/2013 11:28 PM

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SocGen's Shocking Oil Forecast $125 Per Barrel with Short Duration Spikes Of Up To $150
Well if you didn't think anything could derail this juggernaut of a recovery we've been having since 2009...

Look no further, economic doom is come home to roost...

SNIP

f SocGen is right in its just released oil price forecast in a "Syrian war world", then the global economy is about to undergo an apoplectic shock the likes of which have not been seen since the summer of 2008, when Lehman brothers had to be taken under to generate the deflationary shock sending crude from $130 to $30 in the matter of days. The French bank's forecast in a nutshell: "Base case scenario: $125 for Brent. We believe that in the coming days, Brent could gain another $5-10, surging to $120-$125, either in anticipation of the attack or in reaction to the headlines that an attack had started. In our base case, we assume an attack begins in the next week. Upside scenario: $150 for Brent If the regional spill over results in a significant supply disruption in Iraq or elsewhere (from 0.5 – 2.0 Mb/d), Brent could spike briefly to $150." And if indeed 2008 is coming back with a vengeance, the next question is who will be this year's unlucky Lehman Brothers?

[link to www.zerohedge.com]

Last Edited by Saddletramp on 08/27/2013 11:30 PM
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Saddletramp (OP)
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08/27/2013 11:29 PM

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Re: SocGen's Shocking Oil Forecast $125 Per Barrel with Short Duration Spikes Of Up To $150
Buh bye Japan...

Buh bye Europe...

Buh bye United States...

Last Edited by Saddletramp on 08/27/2013 11:31 PM
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Anonymous Coward
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08/27/2013 11:30 PM
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Re: SocGen's Shocking Oil Forecast $125 Per Barrel with Short Duration Spikes Of Up To $150
Guess the fuel surcharges are coming back.....
Saddletramp (OP)
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08/27/2013 11:32 PM

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Re: SocGen's Shocking Oil Forecast $125 Per Barrel with Short Duration Spikes Of Up To $150
Guess the fuel surcharges are coming back.....
 Quoting: Anonymous Coward 15483798


Looks like the economic crisis of 2008-09 is coming back as well...

Only this time it will be exponentially worse...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
JIMMY1969

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08/27/2013 11:32 PM
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Re: SocGen's Shocking Oil Forecast $125 Per Barrel with Short Duration Spikes Of Up To $150
10.00 A GALLON...... METALS TO THE MOON
JIMMY1969

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08/27/2013 11:34 PM
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Re: SocGen's Shocking Oil Forecast $125 Per Barrel with Short Duration Spikes Of Up To $150
WHAT IS THIS??
United States Brent Oil (BNO)
88.06 Up 2.43(2.84%) 4:00PM EDT
|After Hours : 88.75 Up 0.69 (0.78%) 6:26PM EDT
[link to ca.finance.yahoo.com]
Nine's

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08/27/2013 11:38 PM
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Re: SocGen's Shocking Oil Forecast $125 Per Barrel with Short Duration Spikes Of Up To $150
Not far to go. It's at 111.34 right now.
Anonymous Coward
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Korea, Republic of
08/27/2013 11:39 PM
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Re: SocGen's Shocking Oil Forecast $125 Per Barrel with Short Duration Spikes Of Up To $150
Buh bye Japan...

Buh bye Europe...

Buh bye United States...
 Quoting: Saddletramp


byekitty
calx
Bartle doo?

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08/27/2013 11:41 PM

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Re: SocGen's Shocking Oil Forecast $125 Per Barrel with Short Duration Spikes Of Up To $150
Bullish for bicycles and pogo sticks.
[link to www.youtube.com (secure)]

Watch "The Money Masters" and read "The Creature From Jekyll Island" by G. Edward Griffin to unveil the true enemy.
Saddletramp (OP)
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08/27/2013 11:42 PM

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Re: SocGen's Shocking Oil Forecast $125 Per Barrel with Short Duration Spikes Of Up To $150
WHAT IS THIS??
United States Brent Oil (BNO)
88.06 Up 2.43(2.84%) 4:00PM EDT
|After Hours : 88.75 Up 0.69 (0.78%) 6:26PM EDT
[link to ca.finance.yahoo.com]
 Quoting: JIMMY1969


West Texas Intermediate Crude, the Crude Oil Futures Contract on CME, finished the day up over $3.00...

$109.05 last time I saw it...CME Website is down right now.
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Saddletramp (OP)
We Don't Rent Pigs...

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08/27/2013 11:44 PM

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Re: SocGen's Shocking Oil Forecast $125 Per Barrel with Short Duration Spikes Of Up To $150
WHAT IS THIS??
United States Brent Oil (BNO)
88.06 Up 2.43(2.84%) 4:00PM EDT
|After Hours : 88.75 Up 0.69 (0.78%) 6:26PM EDT
[link to ca.finance.yahoo.com]
 Quoting: JIMMY1969


The Brent oil they were talking about in the story is North Sea Brent...traded in Europe, but WTI Crude, the contract traded in the USA usually tracks within $2.00 to $7.00 of North Sea Brent...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Saddletramp (OP)
We Don't Rent Pigs...

User ID: 740208
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08/27/2013 11:45 PM

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Re: SocGen's Shocking Oil Forecast $125 Per Barrel with Short Duration Spikes Of Up To $150
Interesting, CME is completely down right now...

You guys see if you can get on...

[link to www.cmegroup.com]

Traceroute stops at Chicago...someone must be attacking the server?!?!?

Last Edited by Saddletramp on 08/27/2013 11:46 PM
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Nine's

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08/27/2013 11:45 PM
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Re: SocGen's Shocking Oil Forecast $125 Per Barrel with Short Duration Spikes Of Up To $150
This is where I got the 111 figure. Just noticed, but haven't yet read GT500's pinned thread though. Not looking good.
[link to www.kitco.com]

Last Edited by Nine's on 08/27/2013 11:45 PM
Nine's

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08/27/2013 11:46 PM
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Re: SocGen's Shocking Oil Forecast $125 Per Barrel with Short Duration Spikes Of Up To $150
Interesting, CME is completely down right now...

You guys see if you can get on...

[link to www.cmegroup.com]

Traceroute stops at Chicago...someone must be attacking the server?!?!?
 Quoting: Saddletramp


I got on.
calx
Bartle doo?

User ID: 1684766
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08/27/2013 11:47 PM

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Re: SocGen's Shocking Oil Forecast $125 Per Barrel with Short Duration Spikes Of Up To $150
Interesting, CME is completely down right now...

You guys see if you can get on...

[link to www.cmegroup.com]

Traceroute stops at Chicago...someone must be attacking the server?!?!?
 Quoting: Saddletramp


Seems to work for me. Could be the Syrian hacker army.
[link to www.youtube.com (secure)]

Watch "The Money Masters" and read "The Creature From Jekyll Island" by G. Edward Griffin to unveil the true enemy.
Saddletramp (OP)
We Don't Rent Pigs...

User ID: 740208
United States
08/27/2013 11:47 PM

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Re: SocGen's Shocking Oil Forecast $125 Per Barrel with Short Duration Spikes Of Up To $150
This is where I got the 111 figure. Just noticed, but haven't yet read GT500's pinned thread though. Not looking good.
[link to www.kitco.com]
 Quoting: Nine's


Wow, it's up $2.40 in the overnights...that's a massive move for the overnight markets!!!

I mean massive!
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Saddletramp (OP)
We Don't Rent Pigs...

User ID: 740208
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08/27/2013 11:48 PM

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Re: SocGen's Shocking Oil Forecast $125 Per Barrel with Short Duration Spikes Of Up To $150
Interesting, CME is completely down right now...

You guys see if you can get on...

[link to www.cmegroup.com]

Traceroute stops at Chicago...someone must be attacking the server?!?!?
 Quoting: Saddletramp


Seems to work for me. Could be the Syrian hacker army.
 Quoting: calx


Probably just my shitty Hughesnet Satellite Service...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Nine's

User ID: 44255165
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08/27/2013 11:58 PM
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Re: SocGen's Shocking Oil Forecast $125 Per Barrel with Short Duration Spikes Of Up To $150
Hmmm, wonder what those Amish horse drawn buggies are going for now. Giddyup guy. Gotta go glean a potato crop.
Saddletramp (OP)
We Don't Rent Pigs...

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United States
08/28/2013 12:49 AM

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Re: SocGen's Shocking Oil Forecast $125 Per Barrel with Short Duration Spikes Of Up To $150
Hmmm, wonder what those Amish horse drawn buggies are going for now. Giddyup guy. Gotta go glean a potato crop.
 Quoting: Nine's


We may all have to find out...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Saddletramp (OP)
We Don't Rent Pigs...

User ID: 740208
United States
08/28/2013 12:52 AM

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Re: SocGen's Shocking Oil Forecast $125 Per Barrel with Short Duration Spikes Of Up To $150
Well if you didn't think anything could derail this juggernaut of a recovery we've been having since 2009...

Look no further, economic doom is come home to roost...

SNIP

f SocGen is right in its just released oil price forecast in a "Syrian war world", then the global economy is about to undergo an apoplectic shock the likes of which have not been seen since the summer of 2008, when Lehman brothers had to be taken under to generate the deflationary shock sending crude from $130 to $30 in the matter of days. The French bank's forecast in a nutshell: "Base case scenario: $125 for Brent. We believe that in the coming days, Brent could gain another $5-10, surging to $120-$125, either in anticipation of the attack or in reaction to the headlines that an attack had started. In our base case, we assume an attack begins in the next week. Upside scenario: $150 for Brent If the regional spill over results in a significant supply disruption in Iraq or elsewhere (from 0.5 – 2.0 Mb/d), Brent could spike briefly to $150." And if indeed 2008 is coming back with a vengeance, the next question is who will be this year's unlucky Lehman Brothers?

[link to www.zerohedge.com]
 Quoting: Saddletramp


Who will be this years unlucky Lehman Brothers?!?!? All of them...

No more Bail-Outs, now it's Bail-Ins...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Nine's

User ID: 44255165
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08/28/2013 01:02 AM
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Re: SocGen's Shocking Oil Forecast $125 Per Barrel with Short Duration Spikes Of Up To $150
Wow, it's up $2.40 in the overnights...that's a massive move for the overnight markets!!!

I mean massive!
 Quoting: Saddletramp


Crude Oil 111.93 +2.92
[link to www.kitco.com]
Nine's

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United States
08/28/2013 01:07 AM
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Re: SocGen's Shocking Oil Forecast $125 Per Barrel with Short Duration Spikes Of Up To $150
Crude Oil 112.01 +3.00
Gold Bid 1421.10 Ask 1422.10 +5.10
Saddletramp (OP)
We Don't Rent Pigs...

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08/28/2013 01:12 AM

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Re: SocGen's Shocking Oil Forecast $125 Per Barrel with Short Duration Spikes Of Up To $150
Crude Oil 112.01 +3.00
Gold Bid 1421.10 Ask 1422.10 +5.10
 Quoting: Nine's


It's just getting spooky now...but the overnights are low volume markets, so you have a bunch of guys who want to buy in, and not a lot of sellers...

Tomorrow morning when people who bought contracts realize they just made $6000 per contract from the day before, there will be some profit taking I imagine...

Bet CME kicks that margin up tomorrow...

Last Edited by Saddletramp on 08/28/2013 01:12 AM
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Nine's

User ID: 44255165
United States
08/28/2013 01:29 AM
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Re: SocGen's Shocking Oil Forecast $125 Per Barrel with Short Duration Spikes Of Up To $150
Crude Oil 112.01 +3.00
Gold Bid 1421.10 Ask 1422.10 +5.10
 Quoting: Nine's


It's just getting spooky now...but the overnights are low volume markets, so you have a bunch of guys who want to buy in, and not a lot of sellers...

Tomorrow morning when people who bought contracts realize they just made $6000 per contract from the day before, there will be some profit taking I imagine...

Bet CME kicks that margin up tomorrow...
 Quoting: Saddletramp


Thanks for that. I was thinking more along the lines that something serious is happening and someone knows. damned

Last Edited by Nine's on 08/28/2013 01:29 AM

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