Username or Email Address
Do you already have an account?
Forgot your password?
  • Log in or Sign up

    VWVortex


    Results 1 to 15 of 15

    Thread: Oil Prices.

    1. 02-24-2012 04:08 PM #1
      With Iran stirring the s.hit, I have to start thinking about my exit strategy from a few oil companies I'm trading.

      Where do you see it go in next few months?

      I know gas is usually more expensive in the summer, but pump prices are not a precise indicator of what is happening with the market.

      Some say that Israel is on the brink of sending bombs, others say that it's all a bluff. Who's to trust.

      Oil is tricky to trade sometimes, but can be more predictable than gold in my opinion.

      What do you guys think?

    2. Member
      Join Date
      Sep 12th, 2005
      Location
      Milwaukee, WI
      Posts
      1,905
      Vehicles
      1986 IDI Golf, 328K Miles.
      02-24-2012 10:28 PM #2
      I won't speculate if there were parallel situations in 1973 and 1979 but here's some reading. Google found it.

      http://www.buyandhold.com/bh/en/educ...2002/arab.html

    3. 02-24-2012 11:22 PM #3
      iran stirring the sh*t.........you are sure about that?
      or mossad carrying out some very specific missions?
      in any case somebody wants oil to get expensive

    4. 02-24-2012 11:43 PM #4
      Quote Originally Posted by Tinker Toy View Post
      I won't speculate if there were parallel situations in 1973 and 1979 but here's some reading. Google found it.

      http://www.buyandhold.com/bh/en/educ...2002/arab.html
      Thanks, good article.

      Quote Originally Posted by mauslick View Post
      iran stirring the sh*t.........you are sure about that?
      or mossad carrying out some very specific missions?
      in any case somebody wants oil to get expensive
      Everyone's stirring the sh.it, but I'm highly skeptical that their nuclear program is for civilian use only.

      But you're right, someone wants oil to be expensive, and I'm wondering how hight are we going to go.

    5. Senior Member AZGolf's Avatar
      Join Date
      Jun 6th, 2000
      Location
      Phoenix area
      Posts
      22,354
      02-25-2012 08:14 AM #5
      Quote Originally Posted by AIRider View Post
      Everyone's stirring the sh.it, but I'm highly skeptical that their nuclear program is for civilian use only.
      WMD's in the middle east again, huh? As for people wanting oil to get expensive, I'm not so sure. The more that oil prices go up, the more economic it is to use non-oil solutions. I'm not sure Saudi Arabia, Russia, Venezuela, Iran, or any other country who's economy depends on oil exports actually wants the whole world to come up with solutions to get off oil.

    6. 02-25-2012 03:06 PM #6
      Quote Originally Posted by AZGolf View Post
      WMD's in the middle east again, huh?
      I'm getting deja vu all over again.

    7. 02-25-2012 04:03 PM #7
      it worked for bush, why not obama.......

      if anyone ever looked at a map and noticed where "interests" of the west are positioned they will notice big hole in the middle of 'the influence' and yes that hole would be iran

      now start the conspiracy flames

      getting off oil dependency...........hahahahahahahahahah

    8. 02-27-2012 01:25 PM #8
      I found this map quite amusing, however true it is.

      Us military bases in the middle east.


    9. Senior Member beng's Avatar
      Join Date
      May 13th, 2002
      Location
      NutVegas, NJ
      Posts
      30,078
      Vehicles
      Family Truckster
      03-05-2012 03:14 PM #9
      An argument could be made that this bull market in oil has as much to do with the Fed's loose policy (QE) as it does any geo political concerns.
      1 3 4 5 7 8 8 9 10 15 16 23 32 37 42 44 49

      "I don't know half of you half as well as I should like; and I like less than half of you half as well as you deserve"

    10. Senior Member AZGolf's Avatar
      Join Date
      Jun 6th, 2000
      Location
      Phoenix area
      Posts
      22,354
      03-09-2012 11:06 AM #10
      Quote Originally Posted by beng View Post
      An argument could be made that this bull market in oil has as much to do with the Fed's loose policy (QE) as it does any geo political concerns.
      Related to oil prices is also the EUR/USD ratio. If the fed has been loose, the EU is even moreso. In the last year, the ratio has gone from $1.40-1.45 down to $1.30-1.35. I think this summer won't be nearly as bad here as many worry it could be because the dollar is likely to be at least 10% stronger than last year. That should help blunt prices to US consumers a bit, although it means bad things for Europe which is already struggling with recessions in many member countries. Personally I'm hopeful that these are the peak prices, at least in USD. Maybe that's wild, runaway optimism on my part, but it would be nice. If we could shore up our own monetary policy better it would improve the EUR/USD ratio and further help the US economy since we rely so heavily on imports of all things, not just oil.

    11. 03-23-2012 10:25 PM #11
      Quote Originally Posted by beng View Post
      An argument could be made that this bull market in oil has as much to do with the Fed's loose policy (QE) as it does any geo political concerns.
      A very good arguement at that.

    12. Member pio1.8tr's Avatar
      Join Date
      Jul 18th, 2003
      Location
      Kitchener, ON
      Posts
      590
      Vehicles
      04 Passat TDI, 08 Tahoe, 81 Rabbit Diesel (project)
      05-08-2012 07:10 AM #12
      Finally some positive trend with price of oil. I hope it continues.

    13. Member sdpauly's Avatar
      Join Date
      Apr 3rd, 2004
      Location
      San Diego
      Posts
      1,711
      Vehicles
      2010 135i, 2008 Taco
      05-08-2012 11:18 AM #13
      Quote Originally Posted by AIRider View Post
      I found this map quite amusing, however true it is.

      Us military bases in the middle east.


      Great picture. I have seen this before, and I too cannot attest to its accuracy. But it sure seems probably true... This really helps put the shoe on the other foot for a moment, doesn't it? What if that little country in blue was us, and it is we who are surrounded by hostile military forces? Maybe we would want some kind of weapon to protect ourselves, too? Hmmmm...
      "Every normal man must be tempted at times to spit on his hands, hoist the black flag, and begin to slit throats." -H. L. Mencken

      The most important thing you might ever watch: http://www.youtube.com/watch?v=ZPWH5TlbloU

    14. 05-11-2012 03:50 AM #14
      Quote Originally Posted by pio1.8tr View Post
      Finally some positive trend with price of oil. I hope it continues.
      what oil are you talking about having a positive trend right now? We dropped $15/bbl (brent) since mid-march!

    15. 05-11-2012 01:51 PM #15
      I finally sold my positions for a fraction of profits of what I could have made when I posted this topic. Stupid me. But oh well.

      There is a huge surplus now, everybody is stockpiling it. Prices will most likely drop some more.

      It wouldn't be a bad time to buy again in the soon future.

    Posting Permissions

    • You may not post new threads
    • You may not post replies
    • You may not post attachments
    • You may not edit your posts
    •