Friday, July 30, 2010

Do you think oil prices will go back up?

if so when?


if not why?Do you think oil prices will go back up?
Yes, the price should be a round $90-$100 a barrel. The prices now are because the prices were way too high over the summer. Around march-april the oil prices will level in that range. and hopefully stay in that range. I hope oil people are learning from this before they artificially drive up the prices as they did in the spring.Do you think oil prices will go back up?
Yeah, when the before the stock market goes back up. The oil price isn't controlled by the market, it's controlled by OPEC and they raise prices whenever they feel like they can get away with it. And right now the market isn't good enough to keep prices high. People will just stop using gas and oil and find alternatives.
if the slowdown in economy continues and china dont grow by 10% then oil will go to 30 - 20 USD pr Barel and there is a talk of cutiing the out put to prop it up the fair value for oil is 73 USD
yes they certainly will.. they have been over corrected... way under valued here...





they have gone down so much because of supply and demand issues, and to tame an economy a little





but they will go up....





when... probably be the end of winter...

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