Gas could start back down soon. Is the timing of this with the election a coincidence?

$3.00 per gallon will seem like a bargain...

Could be. Its probably a combo of a lot of things. Speculators taking profits is is definitely a part of it. I think it may have more to do with the seasons than it does the election.

Oil is traded in the futures market, and right now they are trading mid to late August deliverables, which is right when the summer driving season is coming to an end...

3.79 in Montgomery.

I'm not given to recommending investments to others, but many of the energy stocks are looking pretty attractive at these levels. I am scaling into them beginning this week, and will accumulate on further weakness. My own expectations are for oil to hover in the $150-$200 range for years to come. Possibly much higher. Nothing Oba-Messiah can do about this. Only a global recession could keep this from happening, IMHO.

Do your own due diligence and invest wisely.

quote:

Originally posted by BamaTusks:
Gas could start back down soon. Is the timing of this with the election a coincidence?

$3.00 per gallon will seem like a bargain...

This makes my head hurt.

Gas could start back down. ok understand that one

$3.00 a gall will seem like a bargain. ?? With gas at $4.00 a gal it is a bargain.

Is $8-10 per gallon for bottled water a bargain?
Lots of people seem to think so. I'd sure like a piece of that action.

quote:

Originally posted by The Stig:
Is $8-10 per gallon for bottled water a bargain?
Lots of people seem to think so. I'd sure like a piece of that action.

C'mon Stig, it is our Florida water in that bottle. Just little sips of heaven in there. It is worth every penny.

quote:

Originally posted by The Stig:
I'm not given to recommending investments to others, but many of the energy stocks are looking pretty attractive at these levels. I am scaling into them beginning this week, and will accumulate on further weakness. My own expectations are for oil to hover in the $150-$200 range for years to come. Possibly much higher. Nothing Oba-Messiah can do about this. Only a global recession could keep this from happening, IMHO.

Do your own due diligence and invest wisely.

that doesnt make any sense whatsoever.

by "energy" stocks I assume you mean valero and the like.

wrong, the time to buy those was about 6 years ago as we pulled out of 9/11. they are a safe investment, but they have plateaued as far as huge gains.

Oil is going correct back to inflation and hover around there, something like 90 bucks a barrell and 2.50 gas. SHale oil costs about 40 a barrel to get out of the ground,so using the rule of 3's we certainly are not in for too much more than 120 a barrel to stabalize.

quote:

Originally posted by ssmith general:

quote:

Originally posted by The Stig:
I'm not given to recommending investments to others, but many of the energy stocks are looking pretty attractive at these levels. I am scaling into them beginning this week, and will accumulate on further weakness. My own expectations are for oil to hover in the $150-$200 range for years to come. Possibly much higher. Nothing Oba-Messiah can do about this. Only a global recession could keep this from happening, IMHO.

Do your own due diligence and invest wisely.

that doesnt make any sense whatsoever.

by "energy" stocks I assume you mean valero and the like.

wrong, the time to buy those was about 6 years ago as we pulled out of 9/11. they are a safe investment, but they have plateaued as far as huge gains.

Oil is going correct back to inflation and hover around there, something like 90 bucks a barrell and 2.50 gas. SHale oil costs about 40 a barrel to get out of the ground,so using the rule of 3's we certainly are not in for too much more than 120 a barrel to stabalize.

We could argue this point forever but what would be the point? What is your expertise in the energy field? I would venture to say not more than mine. I'm an investor, and have held XOM for years. Nice returns consistently beating the market. I have heard dozens of "experts" pontificate on the future of oil and gas prices for years now, and the people who've said it's going higher have been spot-on. Some of them have way undershot with their target prices.
I now believe we're going higher still. MUCH higher. this is a dynamic situation now.

Oil shale is one possible partial solution, but it is an energy-intensive, water-intensive process to extract, and the greenie-weenies will pitch a fit when this gets going(if it does).
Wind and solar will NEVER make a significant dent in the overall energy picture. Or at least for decades. China and India are growing an insatiable thirst for the stuff, and the global consumption of oil is now almost above the world's ability to extract it. This situation is going to get exponentially worse unless ALL restrictions are lifted on domestic exploration.
We may very well see wars declared as a result.
China will NOT allow their economy to stall due to lack of energy, I assure you. They will be drilling off our coastlines if they have to.

My favorite part of this picture will be watching Barack Obama wrestle with the P-O'ed
folks who want lower gas prices vs the "green"
movement. There's gonna be lots of pain in coming years, but seeing Oba-Messiah burned in effigy will almost make it all worthwhile.

I believe oil will bottom out at $105.

One Hurricane in the central gulf could pork that!

I hear the figure of $70 per to deliver a barrel of shale oil.

quote:

Originally posted by Dr. Know:
I believe oil will bottom out at $105.

One Hurricane in the central gulf could pork that!

I hear the figure of $70 per to deliver a barrel of shale oil.

I don't believe we'll ever see oil stay as low as 100-105 for long again. It may touch that range, but not sustain it. JMO, of course.

If any of ya'll are believers in shale oil, Royal Dutch Shell seems to be the biggest potential beneficiary of this technology. At least among the big IOs. There are small players but that's a total crap shoot. There is tons of free info/hype on the web if you want to do your
own DD on this topic. I'm just not sold that it has a long-term future, as water in the western U.S. is already a more valuable resource than oil. The greens and politicians will have a field day with this for years. Not to mention the lawyers. It's a very complicated story which I cannot begin to divine.

Good luck!