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Author	Topic: [Poll: 2008.29]: Do you think the price of crude oil will ever drop back below...	Topic is locked Back to Topics

JT Moderator	Message Posted: Jul 12, 2008 9:01:00 PM Ignore JT Report Abuse Do you think the price of crude oil will ever drop back below $100 per barrel? Definitely not Probably not Maybe (50/50 chance) Probably Definitely No opinion Post your thoughts about this poll below.

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Message Posted: Jul 12, 2008 9:01:00 PM

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Do you think the price of crude oil will ever drop back below $100 per barrel?
Definitely not
Probably not
Maybe (50/50 chance)
Probably
Definitely
No opinion

Post your thoughts about this poll below.

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Z51Corvette Champion Author Austin Posts:8,501 Points:1,674,095 Joined:Jan 2008	Message Posted: Jan 4, 2009 7:27:30 PM Ignore Z51Corvette Report Abuse I said it would months ago... naysayers and cynics get a life.
Panama19 Champion Author Louisville Posts:25,346 Points:2,546,235 Joined:Sep 2005	Message Posted: Dec 28, 2008 9:20:16 PM Ignore Panama19 Report Abuse Yes
Z51Corvette Champion Author Austin Posts:8,501 Points:1,674,095 Joined:Jan 2008	Message Posted: Dec 28, 2008 8:48:57 PM Ignore Z51Corvette Report Abuse It's below 40 now!!! who cares a bot that... it's now below 49.
nyuknyuk49 Champion Author Rhode Island Posts:13,696 Points:2,764,790 Joined:Mar 2005	Message Posted: Dec 22, 2008 2:21:55 AM Ignore nyuknyuk49 Report Abuse old
FreeskierInVT Champion Author Vermont Posts:1,952 Points:726,675 Joined:May 2004	Message Posted: Dec 22, 2008 1:04:14 AM Ignore FreeskierInVT Report Abuse $147.27 to $33.87
gasman14 All-Star Author San Diego Posts:708 Points:202,345 Joined:Aug 2008	Message Posted: Dec 21, 2008 7:29:08 AM Ignore gasman14 Report Abuse Definitely
blumonster Champion Author Milwaukee Posts:1,243 Points:137,055 Joined:Jun 2008	Message Posted: Dec 16, 2008 5:08:27 AM Ignore blumonster Report Abuse It is in the toilet, courtesy of George W Bush and people who made him president. Are you one of them?
radarman Champion Author Florida Posts:9,167 Points:2,606,600 Joined:Apr 2005	Message Posted: Dec 15, 2008 9:16:13 PM Ignore radarman Report Abuse Yeah, when the rest of the economy is in the toilet.
radarman Champion Author Florida Posts:9,167 Points:2,606,600 Joined:Apr 2005	Message Posted: Dec 15, 2008 9:16:13 PM Ignore radarman Report Abuse Yeah, when the rest of the economy is in the toilet.
blumonster Champion Author Milwaukee Posts:1,243 Points:137,055 Joined:Jun 2008	Message Posted: Dec 13, 2008 9:27:35 AM Ignore blumonster Report Abuse 30 dollars a barrel in 18 days. It will drop even further.
Blubberpuppy Champion Author Baltimore Posts:18,383 Points:1,907,760 Joined:Dec 2006	Message Posted: Dec 13, 2008 7:01:10 AM Ignore Blubberpuppy Report Abuse Six months ago I would have said never. Now that it is a reality, enjoy the prices while they last. This current phase in the market may not last much longer.
Stevedog Champion Author Michigan Posts:3,868 Points:1,948,820 Joined:Jul 2006	Message Posted: Dec 10, 2008 4:15:28 AM Ignore Stevedog Report Abuse I'm certain of it
adggjs Rookie Author Michigan Posts:40 Points:208,200 Joined:Jan 2007	Message Posted: Nov 30, 2008 12:58:46 PM Ignore adggjs Report Abuse Before we get carried away with conspiracy theories, lets not forget that supply and demand always works. Now, if we can just get the Congress and new President to understand that "drill now, drill often, drill here" is the key to energy independence. We can get a reality check next year if we don't keep on finding our own supply. If you "Google" the Haynesville Shale, you'll find out that the this natural gas "find" is very significant. Natural gas is a substitute for oil. That "find" is what happens when we let free enterprise work.
blumonster Champion Author Milwaukee Posts:1,243 Points:137,055 Joined:Jun 2008	Message Posted: Nov 22, 2008 9:16:31 AM Ignore blumonster Report Abuse It certainly was NOT a result of your / my conservation efforts. It is the result of global depression and the selloff it spurred in the markets.3%-5% lower consumption does not justify 100 dollar drop in Brent's price from 145 to 45.
lidude25 Sophomore Author California Posts:104 Points:780 Joined:Nov 2008	Message Posted: Nov 21, 2008 10:13:08 PM Ignore lidude25 Report Abuse It was cound to happen....I mean there's only so much the general public and and is willing to pay.
nosleep121 Rookie Author Texas Posts:30 Points:905 Joined:Nov 2008	Message Posted: Nov 21, 2008 9:09:54 PM Ignore nosleep121 Report Abuse It was bound to happen. Due to the rise in oil prices the world markets including the US had to cut back. Due to the cut backs and other deflationary market issues it was bound to fall.
rjr54 Champion Author Winnipeg Posts:1,110 Points:394,395 Joined:Feb 2005	Message Posted: Nov 21, 2008 5:11:00 PM Ignore rjr54 Report Abuse I didn't think it was possible, mostly because I didn't think the USA would cut consumption. I am surprized.
blumonster Champion Author Milwaukee Posts:1,243 Points:137,055 Joined:Jun 2008	Message Posted: Nov 20, 2008 12:07:05 PM Ignore blumonster Report Abuse The price of a barrel of oil is 100 dollars lower than it was in July. Where are the other 'dream on', 'no,never' people? It is going to fall to 30 dollars level by the end of this year.
blumonster Champion Author Milwaukee Posts:1,243 Points:137,055 Joined:Jun 2008	Message Posted: Nov 18, 2008 10:48:21 AM Ignore blumonster Report Abuse radarman is here. LOL The notorious gasbuddy who kept saying 'no, never'. See. It is here.
radarman Champion Author Florida Posts:9,167 Points:2,606,600 Joined:Apr 2005	Message Posted: Nov 18, 2008 7:09:10 AM Ignore radarman Report Abuse No, not unless the economy goes in the toilet! Oh wait. We are already there!
blumonster Champion Author Milwaukee Posts:1,243 Points:137,055 Joined:Jun 2008	Message Posted: Nov 14, 2008 8:46:44 AM Ignore blumonster Report Abuse LOL Some people do not think.
parsec All-Star Author Toronto Posts:797 Points:124,295 Joined:Oct 2008	Message Posted: Nov 13, 2008 6:15:07 PM Ignore parsec Report Abuse Majority was wrong. As always... !
blumonster Champion Author Milwaukee Posts:1,243 Points:137,055 Joined:Jun 2008	Message Posted: Nov 3, 2008 12:55:40 PM Ignore blumonster Report Abuse Brent is 60 dollar now.Just as I predicted. WoW. Patting myself on the shoulder.
cashpile All-Star Author Columbus Posts:762 Points:605,365 Joined:May 2006	Message Posted: Oct 28, 2008 5:06:32 AM Ignore cashpile Report Abuse Just like 'never', 'ever' is a very long time. I voted 'definitely', but didn't think it would free-fall this fast.
blumonster Champion Author Milwaukee Posts:1,243 Points:137,055 Joined:Jun 2008	Message Posted: Oct 24, 2008 2:50:06 PM Ignore blumonster Report Abuse 'OPEC will not lower production as long as oil stays above 70 dollars a barrel. ' my post on 22 August 2008. OPEC lowered production today when oil was 65 dollar.Not that OPEC's decision matters in defining the structure of the price...
MnSwede Champion Author Twin Cities Posts:5,063 Points:824,325 Joined:Oct 2005	Message Posted: Oct 24, 2008 2:19:03 PM Ignore MnSwede Report Abuse Definitely, and a good chance of dropping to $50
blumonster Champion Author Milwaukee Posts:1,243 Points:137,055 Joined:Jun 2008	Message Posted: Oct 24, 2008 12:21:09 PM Ignore blumonster Report Abuse 'It will never happen $100 again..Only in dreams!!!' by IHN_divine in the same thread.... When oil was well above 100 dollar to mean it will NEVER fall to 100 dollar a barrel LOL
blumonster Champion Author Milwaukee Posts:1,243 Points:137,055 Joined:Jun 2008	Message Posted: Oct 24, 2008 9:55:23 AM Ignore blumonster Report Abuse dongo, would you say yes if you answered the question in July?
dongo50 Champion Author West Virginia Posts:14,712 Points:2,382,970 Joined:Jul 2006	Message Posted: Oct 24, 2008 3:12:38 AM Ignore dongo50 Report Abuse already has.
blumonster Champion Author Milwaukee Posts:1,243 Points:137,055 Joined:Jun 2008	Message Posted: Oct 22, 2008 2:24:13 PM Ignore blumonster Report Abuse Oct. 22 (Bloomberg) -- Crude oil fell more than $5 a barrel to a 16-month low and gasoline tumbled as weakening fuel consumption outweighed prospects of a production cut by OPEC at a meeting this week. U.S. fuel demand during the past four weeks was down 8.5 percent from a year ago, an Energy Department report today showed. The financial crisis that's curbed the nation's energy use is spreading to emerging markets. OPEC will decide on Oct. 24 to lower output by at least 1 million barrels a day, according to a Bloomberg News survey. ``The market is more concerned about the economy than anything else,'' said Tom Bentz, senior energy analyst at BNP Paribas in New York. ``Until there is a recovery of the financial system and the economic picture, oil will trend lower, even if OPEC makes a cut of 1 million barrels plus.'' From http://bloomberg.com/apps/news?pid=20601087&sid=aMnnFYd68_9Y&refer=homeAs I have been saying for a few days...
Horbie Rookie Author Georgia Posts:72 Points:660,670 Joined:Oct 2008	Message Posted: Oct 20, 2008 1:00:15 PM Ignore Horbie Report Abuse definitely
martincruz88 Rookie Author California Posts:6 Points:25,045 Joined:Aug 2008	Message Posted: Oct 17, 2008 6:45:56 AM Ignore martincruz88 Report Abuse mark my words: ny crude 50 bucks a barrel by mid-december and will bottom out somewhere between 35-45 bucks a barrel in 2009
bobjeep Champion Author Florida Posts:9,709 Points:2,057,710 Joined:Jun 2006	Message Posted: Oct 15, 2008 9:22:08 AM Ignore bobjeep Report Abuse yes, it did.
blumonster Champion Author Milwaukee Posts:1,243 Points:137,055 Joined:Jun 2008	Message Posted: Oct 15, 2008 9:16:39 AM Ignore blumonster Report Abuse Brent is trading at 71 dollars a barrel now.We are getting closer to 60 dollars level before the election.Who knows we may even see 40 dollars a barrel before the end of this year!
Z51Corvette Champion Author Austin Posts:8,501 Points:1,674,095 Joined:Jan 2008	Message Posted: Oct 14, 2008 10:00:30 PM Ignore Z51Corvette Report Abuse When this was originally posted most thought it wouldn't happen, period. Well I did and it has... hopefully continued conservation will keep the downward pressure going. Blumonster... correct it is a result of political factors in part. Grateful11... political issues help shape this issue... so it is a part... STeve in BR is a bit off... but so are you... Pelosi and Reed had a large negative impact on this... and Barney Frank's efforts with Fanny Mae have hurt all of us...
majjad Champion Author Dallas Posts:6,448 Points:1,430,275 Joined:Mar 2005	Message Posted: Oct 14, 2008 8:52:24 PM Ignore majjad Report Abuse Dropped again today.... we are not even to November and are in my predicted price range of $70 t0 $80 by Thanksgiving... we may hit $60 by then...
blumonster Champion Author Milwaukee Posts:1,243 Points:137,055 Joined:Jun 2008	Message Posted: Oct 14, 2008 12:47:55 PM Ignore blumonster Report Abuse This is certainly not a political forum but oil prices are shaped DIRECTLY by politcal and economic/financial factors.You can not discuss prices without the factors.
Grateful11 Champion Author North Carolina Posts:2,142 Points:735,420 Joined:May 2005	Message Posted: Oct 12, 2008 6:08:02 PM Ignore Grateful11 Report Abuse Steve_in_BR wrote: "I guess a lot of people were wrong about this. With the economic crisis, all commodities will decrease in value. You have Nancy Pelosi and Harry Reid to thank for this." First off this isn't political forum. Second you need to research what you're shoveling and stop spouting off because don't know what you're talking about. Third you're new and wet behind the ears so maybe they'll cut you some slack.
Steve_in_BR Rookie Author Louisiana Posts:33 Points:15,960 Joined:May 2006	Message Posted: Oct 12, 2008 4:52:18 PM Ignore Steve_in_BR Report Abuse I guess a lot of people were wrong about this. With the economic crisis, all commodities will decrease in value. You have Nancy Pelosi and Harry Reid to thank for this.
tigernana All-Star Author Florida Posts:788 Points:113,970 Joined:Jun 2008	Message Posted: Oct 10, 2008 4:37:02 PM Ignore tigernana Report Abuse I felt back when this question was first posted that with more people conserving and driving less oil would be back down below $100 a barrel. Happy to be right! Keep conserving and researching and using alternatives.
Grateful11 Champion Author North Carolina Posts:2,142 Points:735,420 Joined:May 2005	Message Posted: Oct 10, 2008 1:40:15 PM Ignore Grateful11 Report Abuse >"To grateful I prefer to be the new kid on the block. At least my forecasts are more insightful than Goldman or even the secretary of Treasury himself.What a great feeling!" Can't argue with that! Welcome!
blumonster Champion Author Milwaukee Posts:1,243 Points:137,055 Joined:Jun 2008	Message Posted: Oct 10, 2008 8:57:16 AM Ignore blumonster Report Abuse To grateful I prefer to be the new kid on the block. At least my forecasts are more insightful than Goldman or even the secretary of Treasury himself.What a great feeling!
blumonster Champion Author Milwaukee Posts:1,243 Points:137,055 Joined:Jun 2008	Message Posted: Oct 10, 2008 8:55:30 AM Ignore blumonster Report Abuse Brent is 75 dollars and still falling. 3-4 weeks till the election and my prediction is becoming a reality. I am here. Gold price will go beyond 1,000 dollar/ounce ina week or so.DOW index will plummet to 6000 in a month or so.Time to sell shares, time to buy gold.This is the greatest economic depression of all.Bigger, more violent than that of 1929 when the economies of the world were not this much intertwined/globalized and the market size was a fraction of what is today.Total meltdown is here.
readeaux Sophomore Author Phoenix Posts:118 Points:1,542,265 Joined:Jul 2001	Message Posted: Oct 10, 2008 5:33:37 AM Ignore readeaux Report Abuse Most Definitely
Grateful11 Champion Author North Carolina Posts:2,142 Points:735,420 Joined:May 2005	Message Posted: Oct 9, 2008 6:47:31 PM Ignore Grateful11 Report Abuse >"'My friend' Brent is 82 dollars.I do not know how else you can understand other than repeating. BRENT CRUDE FUTR (USD/bbl.) 82.590 -1.770 -2.10 14:30 http://bloomberg.com/markets/commodities/cfutures.html It seems you wasted all those years... " Seems you run your mouth way too much especially for a new kid on the block. What part prices fluctuating do you not understand, do you think they stay the same price all day long? It's Global market. Dated Brent Spot 79.24 -.82 -1.02 21:37 There's little thing over on the side that says "Insert Link" that's where make hot links for other websites. It looks like this when you do it right: Bloomberg Energy
misstweety Champion Author South Dakota Posts:10,055 Points:2,194,180 Joined:Aug 2005	Message Posted: Oct 9, 2008 2:32:13 PM Ignore misstweety Report Abuse yes
blumonster Champion Author Milwaukee Posts:1,243 Points:137,055 Joined:Jun 2008	Message Posted: Oct 9, 2008 2:18:53 PM Ignore blumonster Report Abuse More good news: Brent is trading at 80 dollars/barrel as of now.We have a long way to go :D
blumonster Champion Author Milwaukee Posts:1,243 Points:137,055 Joined:Jun 2008	Message Posted: Oct 9, 2008 11:48:06 AM Ignore blumonster Report Abuse 'My friend' Brent is 82 dollars.I do not know how else you can understand other than repeating. BRENT CRUDE FUTR (USD/bbl.) 82.590 -1.770 -2.10 14:30 http://bloomberg.com/markets/commodities/cfutures.html It seems you wasted all those years...
VonShoee Veteran Author Virginia Posts:466 Points:169,195 Joined:Oct 2008	Message Posted: Oct 9, 2008 10:36:30 AM Ignore VonShoee Report Abuse Depends on if the gas company execs need a new swimming pool.
dongo50 Champion Author West Virginia Posts:14,712 Points:2,382,970 Joined:Jul 2006	Message Posted: Oct 9, 2008 3:18:23 AM Ignore dongo50 Report Abuse already has, so what?