GasBuddy News Article

votes

Crude Oil Not Likely to Explode Higher

SeekingAlpha.com -- By Wayne A. Corbitt

There is an intense debate raging surrounding the future direction of crude oil prices. The bulls say the upcoming driving season will spur demand once again to give crude a push higher. They also argue that demand from China and other countries with healthier economies than our own will continue to soak up supply.

The bears argue that China is in the process of draining excess liquidity to dampen speculation and apply the brakes on an overheating economy. The bears also contend that with our "mirage" economy is so weak (just watch the employment numbers) that demand in this country will tail off.

In cases such as these, the proper thing to do is to not get caught up in these fundamental debates but to look at what the market tells us.

Read the Full Article

Submitted Mar 13, 2010 By: UncleCurt

Back To News

Category: Daily News Article Discussions > Topics	Add to favorite topics Post New Topic

Author	Topic: Crude Oil Not Likely to Explode Higher	Post a Reply Back to Topics

REPLIES (newest first)

First Prev

Last

saleboss All-Star Author Phoenix Posts:765 Points:550,770 Joined:Feb 2006	Message Posted: Mar 13, 2010 2:29:54 PM Ignore saleboss Report Abuse I hope they are right, and crude oil doesn't give stations a reason to raise prices at the pump!
Jeff1944 All-Star Author South Dakota Posts:850 Points:215,135 Joined:Jan 2010	Message Posted: Mar 13, 2010 2:28:44 PM Ignore Jeff1944 Report Abuse I thought China was growing and the US was stagnant?
knot2swift Veteran Author Calgary Posts:470 Points:136,120 Joined:Nov 2009	Message Posted: Mar 13, 2010 2:27:23 PM Ignore knot2swift Report Abuse I can see $85 a barrel this summer. It will give me some more work to pay for the higher gas prices. LMAO I spend my days making toys for the boys these days. Tooling for the oil and gas industry. When prices are low, I get breaks on home heating and gasoline. When prices are high, I get overtime. It all works out in the long run.
DooDaa Champion Author Massachusetts Posts:4,269 Points:949,520 Joined:Dec 2004	Message Posted: Mar 13, 2010 2:23:54 PM Ignore DooDaa Report Abuse as soon as the weather get better and people go on road trips the price will jump up quickly..
investmentdr All-Star Author Cleveland Posts:527 Points:532,585 Joined:Sep 2008	Message Posted: Mar 13, 2010 2:20:41 PM Ignore investmentdr Report Abuse "Regulate the speculators by forcing them to take dlivery on their contracts and the market will become more stable" - simplistic and totally false. The price would be less efficient and the oil companies and hedge funds will be BETTER able to take advantage of consumers.
Blackice Champion Author Twin Cities Posts:3,193 Points:806,780 Joined:Oct 2003	Message Posted: Mar 13, 2010 2:19:00 PM Ignore Blackice Report Abuse Higher gas prices will just make people stay home and resorts along with other popular places to visit will suffer.
ChuckGVT Champion Author Vermont Posts:2,121 Points:736,420 Joined:Apr 2008	Message Posted: Mar 13, 2010 2:18:49 PM Ignore ChuckGVT Report Abuse Not a debate, just speculation.
investmentdr All-Star Author Cleveland Posts:527 Points:532,585 Joined:Sep 2008	Message Posted: Mar 13, 2010 2:18:32 PM Ignore investmentdr Report Abuse the price is what the price is. if you consume it, own it.
DustyHorse Champion Author Virginia Posts:1,557 Points:511,590 Joined:Oct 2008	Message Posted: Mar 13, 2010 2:18:13 PM Ignore DustyHorse Report Abuse Let's just run it back up over $150/barrel so the bubble can burst again and get it over with.
Jo120 Champion Author Arizona Posts:3,469 Points:1,314,930 Joined:Mar 2005	Message Posted: Mar 13, 2010 2:17:39 PM Ignore Jo120 Report Abuse I really hope this is true.
nigelb Champion Author Virginia Posts:3,507 Points:529,440 Joined:Feb 2008	Message Posted: Mar 13, 2010 2:16:40 PM Ignore nigelb Report Abuse Regulate the speculators by forcing them to take dlivery on their contracts and the market will become more stable.
subnuke Champion Author Atlanta Posts:2,798 Points:565,850 Joined:Sep 2008	Message Posted: Mar 13, 2010 2:15:52 PM Ignore subnuke Report Abuse It is called the economy.
investmentdr All-Star Author Cleveland Posts:527 Points:532,585 Joined:Sep 2008	Message Posted: Mar 13, 2010 2:10:57 PM Ignore investmentdr Report Abuse nobody knows where prices are heading
DirtDauber Champion Author San Antonio Posts:1,845 Points:655,670 Joined:Nov 2005	Message Posted: Mar 13, 2010 2:08:01 PM Ignore DirtDauber Report Abuse With the speculation that is going on, anything is a wild guess.
rick948 Veteran Author Toledo Posts:342 Points:1,005,115 Joined:Jan 2004	Message Posted: Mar 13, 2010 2:05:50 PM Ignore rick948 Report Abuse Believe it when you see it!!!
lgwhitlock Champion Author Chico Posts:2,844 Points:726,200 Joined:Jun 2008	Message Posted: Mar 13, 2010 2:02:28 PM Ignore lgwhitlock Report Abuse With speculators running the show anything is possible...
FPLREP Champion Author Virginia Posts:3,375 Points:1,501,785 Joined:Oct 2005	Message Posted: Mar 13, 2010 1:56:04 PM Ignore FPLREP Report Abuse It shouldn't be this high, but it is.
NewfieGasMan Veteran Author Newfoundland Posts:394 Points:240,745 Joined:Oct 2009	Message Posted: Mar 13, 2010 1:44:10 PM Ignore NewfieGasMan Report Abuse is this true?
smoketown Champion Author Cincinnati Posts:2,880 Points:597,260 Joined:Feb 2008	Message Posted: Mar 13, 2010 1:32:01 PM Ignore smoketown Report Abuse Speculators and so called experts will change all that........
NavyEOD Champion Author Los Angeles Posts:5,164 Points:1,063,515 Joined:Jul 2007	Message Posted: Mar 13, 2010 1:31:54 PM Ignore NavyEOD Report Abuse I hope this is true.
BKool Champion Author Michigan Posts:3,030 Points:1,440,895 Joined:Aug 2005	Message Posted: Mar 13, 2010 1:28:54 PM Ignore BKool Report Abuse Crude will spike upward with the onset of hyper-inflation.