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200 bucks? If so, would love to own stock in companies that manufacture bicycles , because a lot of folks will be using alternate forms of transportation.
I bought a bike about a year ago. Until then, I had not realized just how out of shape I was
Oil heading up? For sure. $200/bl...don't think so. The next level is $120's. From there we'll see.
Completely agree..
What people forget is if someone is betting oil prices will hit $200 per barrel, someone else is betting they wont.. Its a revenue neutral transaction..
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Quote:
Originally Posted by pghquest
Completely agree..
What people forget is if someone is betting oil prices will hit $200 per barrel, someone else is betting they wont.. Its a revenue neutral transaction..
And has more to do with the game of craps than anything to do with the actual cost of producing the commodity.
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someday in the not so distant future oil will hit 200 a barrel.! it's not if,?? but when!!! if saudi arabia has a rebellion it will hit those levels realy quickly..
So, do you even look at the traders news before posting? Oil futures are dropping, most don't even push to $120.
Stocks, U.S. Futures Advance as Oil Retreats From 29-Month High (http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/03/08/bloomberg1376-LHPXKO0YHQ0Z01-644MQ8SCC0QVH82KMBGIHJ8A12.DTL - broken link)
OIL FUTURES: Crude Pauses Amid Reports Gadhafi Exit Is Weighed - WSJ.com (http://online.wsj.com/article/BT-CO-20110308-707780.html - broken link)
Plus OPEC is looking into increasing production, which for those who know any economics...would drop the price.
Oil Slips as OPEC Members Discuss Possible Production Increase (http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/03/08/bloomberg1376-LHQFPE0UQVI901-6NQV5PN4IOE06STK223A573IIQ.DTL - broken link)
And has more to do with the game of craps than anything to do with the actual cost of producing the commodity.
I'm not sure craps would be the proper analagy.. it would depend on WHO is placing the bets that oil will hit $200..
Example.. If you find out the oil sheeks are betting it will hit $200 a barrel then there might be some truth in it.. After all, this would be the equivalant to the casino placing the bet in craps..
if its someone just hedging their bet that oil prices will go down, then its essentially insurance against losses in the event they skyrocket (this is most likely the case) and nothign can be read into it
If its joe blow who has no dam clue what he's doing.. then its like the customer at the casino table who's had too much to drink..
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If so, would love to own stock in companies that manufacture bicycles 
, because a lot of folks will be using alternate forms of transportation.
if saudi arabia has a rebellion it will hit those levels realy quickly..
