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Oil headed for $50 a barrel? HAHAHAHA!!!

 
TheGasMan II
GLP's Hank Hill

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04/01/2014 10:28 PM

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Oil headed for $50 a barrel? HAHAHAHA!!!
[link to video.foxbusiness.com]

Analyst Predicts Oil Price Collapse To $50/Barrel

The current surge in U.S. crude oil production could put so much downward pressure on domestic oil prices that a price of $50 a barrel is possible in the next two years, according to an analysis reported by Business Insider.

"North America's energy supplies are surging while the rest of the world continues to fight for scarce molecules of oil and gas," the analysis states. "On our estimates, onshore U.S. crude oil output now vastly exceeds previous growth rates in liquids and natural gas, particularly in the Lower 48 states. With profitability for U.S. domestic oil producers very high and no change in sight to U.S. rules preventing crude oil exports, we expect [West Texas Intermediate crude (WTI)] prices to continue to lag international prices. Indeed, we see a risk of WTI temporarily falling to $50/barrel over the next 24 months to force a slowdown in supply growth or a change in crude oil export rules."
- See more at: [link to americanenergycoalition.com]

Last Edited by TheGasMan II on 04/01/2014 10:50 PM
Anonymous Coward
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04/01/2014 10:38 PM
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Re: Oil headed for $50 a barrel? HAHAHAHA!!!
Thats when war breaks out to send the thugs more $$$$$.oh i mean oil barrens...can you eloborate on the article a bit?

Many wont go unless you give them a sample.

bump
Anonymous Coward
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04/01/2014 10:39 PM
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Re: Oil headed for $50 a barrel? HAHAHAHA!!!
BS

Wait till the fracking bubble plays out.
Anonymous Coward
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04/01/2014 10:43 PM
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Re: Oil headed for $50 a barrel? HAHAHAHA!!!
Why do posters always misrepresent stories?

The guy in the video says, "if I had to predict whether oil is headed to $150 or $50 a barrel, I'd say $50."

Far different than the title of the thread.
Anonymous Coward
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04/01/2014 10:45 PM
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Re: Oil headed for $50 a barrel? HAHAHAHA!!!
It will have to come down.
can you say electric car?
Anonymous Coward
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04/01/2014 10:47 PM
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Re: Oil headed for $50 a barrel? HAHAHAHA!!!
eerrrr....WATS?
TheGasMan II (OP)
GLP's Hank Hill

User ID: 55036267
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04/01/2014 10:47 PM

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Re: Oil headed for $50 a barrel? HAHAHAHA!!!
Why do posters always misrepresent stories?

The guy in the video says, "if I had to predict whether oil is headed to $150 or $50 a barrel, I'd say $50."

Far different than the title of the thread.
 Quoting: Anonymous Coward 41596926


Oil headed for $50 a barrel?

How is the title misrepresented?
Anonymous Coward
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04/01/2014 10:48 PM
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Re: Oil headed for $50 a barrel? HAHAHAHA!!!
:oldgrannylady:

:watwhatwat:

:swatwat:
Anonymous Coward
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04/01/2014 10:51 PM
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Re: Oil headed for $50 a barrel? HAHAHAHA!!!
It will have to come down.
can you say electric car?
 Quoting: Anonymous Coward 56291044


Uh huh, and we'll get the electricty from walking around with wool socks on the carpet.
Hawgzilla

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04/01/2014 10:53 PM

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Re: Oil headed for $50 a barrel? HAHAHAHA!!!
We'll still be paying north of 3.50 a gallon.
Ban guns to "save the children" but killing them in the womb is totally cool......I see; it makes perfect sense now.
TheGasMan II (OP)
GLP's Hank Hill

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04/01/2014 10:54 PM

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Re: Oil headed for $50 a barrel? HAHAHAHA!!!
Expect $50 oil, but not $2 gas, Gulf Oil CEO says

Oil prices should be about half of today's $105 a barrel by the end of the year, Gulf Oil CEO Joe Petrowski predicted on CNBC on Monday.

But "$50 [a barrel] oil does not translate into $2 gasoline," he said, because it still has to be refined and transported.

[link to www.cnbc.com]
TheGasMan II (OP)
GLP's Hank Hill

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04/01/2014 10:56 PM

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Re: Oil headed for $50 a barrel? HAHAHAHA!!!
Price today.

[link to www.oil-price.net]

Last Edited by TheGasMan II on 04/01/2014 10:57 PM
Anonymous Coward
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04/01/2014 11:05 PM
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Re: Oil headed for $50 a barrel? HAHAHAHA!!!
bsflag
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04/01/2014 11:15 PM
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Re: Oil headed for $50 a barrel? HAHAHAHA!!!
It will have to come down.
can you say electric car?
 Quoting: Anonymous Coward 56291044


And bitcoin will crush precious metals :-)

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