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Author Topic: OIL $105
cruz
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http://www.foxnews.com/story/0,2933,152048,00.html

Could we see the DOW at 8000 and NASDAQ at 1200?

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blueranger
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if oil went to 105 a barrel we would see our
country change... it would be the greatest thing.

You should pray for 300 dollars a barrel..

right now they just lowered the price of biodiesel to 2.45 per gallon... and since diesel
is 2.20 a gallon its almost possible to replace it with biodiesel...

at 100 dollars per barrel we could switch our whole country to biodiesel... the new diesel cars and trucks drive wonderfully... we would end polution and put the farmers back to work...

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cruz
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You got a point blue. They say hydrogen is an alternative fuel as well. I will have to read up on biodiesel. Heck, we can open up Alaska if necessary. I am sure the government has a backup plan in place to avoid these situations.
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blueranger
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i have a 1983 mercedes 300 turbo diesel
5 cyclinder. it will run off anything..
i often go to sams club and buy cooking oil
and pour it straight into the tank and it
runs better than the stuff I buy at the
gas station...I love this car.. it cost me
1700 bucks.. and its the best car I have ever
had..

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blueranger
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in america race cars are run off methonal...
its rocket fuel and the octane rating is
much higher than gasoline... and biodiesel
has a beter centane rating then diesel.

these two items alone would change our country
put the family farmer back in business
and we could loose our dependance on foreign oil..

our american oil wells could be used for plastics.

this would be a virtual revolution.....

Our air would be clean and our small towns would
be revitalized....

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keithsan
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big deal, people pay 1.49 for a damn bottle of water, 9 ounces thast 21.19 a gallon I paid 1.25 for a small coke today
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blueranger
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well, i am saying high priced oil would
benefit us all

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cruz
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Make your own biodiesel here [Smile] - http://journeytoforever.org/biodiesel_make.html
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cruz
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water is better for you than a small coke keithsan [Smile]
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blueranger
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the chinease returant on the corner gives
me there grease..

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d6veteran
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I run my VW TDI on bio. I love it. 39 mpg highway,

Converting maritime fuel to even BD20 would significantly reduce water pollution. BD is non-toxic and disolves quickly in water.

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blueranger
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with this we have the power to change our
country and all we need is the price of
oil to rise.

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Sgt. Steiner
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Hey Keith keep in mind you don't need 20 gallons of water to get back and forth to work for a week. I hate that analogy.
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blue_in_MI
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really, really surprising that a major analyst predicted that 105 possibility, wow. i just don't see it, though i suspect oil will stay in 50 range all year long. that takes some serious cojones though, to be a major analyst and start tossing numbers like 105 out.

very surprising.

with oil, i'm still hoping for some dips, to get back in some positions on. ASPN and TGA both had huge dips lately that was able to get back in on, bounced right back up.

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keithsan
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quote:
Originally posted by Sgt. Steiner:
Hey Keith keep in mind you don't need 20 gallons of water to get back and forth to work for a week. I hate that analogy.

You hate an analogy?

i personally consume a ton of fluid not as much as my car but it costs more than my 30 dollar tank of gas. which is what 10 bucks a week more than last year.......a small apartment here is 1500 bucks, manhattan its 900 bucks per square foot of living space...

i'll deal with the extra 10 a week.

cruz, i don't drink much water or coke, i'm a coffee and beer guy. when its not morning its evening.

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glassman
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oil at 105$ is based on SOUND technical prognostication... LOL

it comes from inflation adjusted rates at the end of the 70's

the truth is we have gotten oil extrememly cheap since the first gulf war....

105$ is purely a spike target....


alcohol and bio-deisel will help, but they are much more labor intensive than oil...good for jobs..... a new economy.....

think i'll build me a 'still... [Big Grin]

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Peaser
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I see oil going up to $60 next winter. $105 seems a bit steep to me.

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Buy Low. Sell High.

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Chadsly
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Just like the past...peaks and valleys...peaks and valleys. It could hit $105/barrel, but not for long.

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If you don't sweat the pennies, you're not making any money.

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HitMe101
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Maybe $75 more realistic.

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Greedy Because I'm Broke!!

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stockvapor
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I think if oil gets too high (e.g. $ 75 barrel) there would be so many marginal oil reserves in the U.S. reopened that were covered over when oil went under $24 barrel that there would eventually be a surplus because of the limited refining capacity. We haven't added any refining capacity in the U.S. since 1976. Thus 'capping' oil prices. However, gas prices would continue to rise to pay for the new refineries. IMO.

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keithsan
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gas prices are bull.....

http://www.nypost.com/business/22624.htm

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blueranger
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there are giant companies churning out
methonal and vegie oil already...ADM..

A fertlizer factory in cincinatti just converted
over to make Biodiesel... so professionally made
biodiesl and methonal is no big deal.. the
price just has to be right..

the arabs know this so they won't let the price
go to high...

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keithsan
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more 100 is bull...

http://yahoo.smartmoney.com/aheadofthecurve/index.cfm?story=20050401&afl=yahoo

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cruz
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very good article...

quote:
Originally posted by keithsan:
more 100 is bull...

http://yahoo.smartmoney.com/aheadofthecurve/index.cfm?story=20050401&afl=yahoo


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timberman
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I find it rather curious that the $105 per barrel story came out at a time that oil was starting to decline. Someone had a personal interest in seeing it rise again. Perhaps large clients getting caught in at the top? Who knows but it smells to high heaven. Did anyone consider what our economy would be with gas at $1.25. Just think, we are sending $1.00 per gallon out of our economy elsewhere. What a difference that $1.00 would make in investment and profit.
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glassman
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quote:
Originally posted by timberman:
I find it rather curious that the $105 per barrel story came out at a time that oil was starting to decline. Someone had a personal interest in seeing it rise again. Perhaps large clients getting caught in at the top? Who knows but it smells to high heaven. Did anyone consider what our economy would be with gas at $1.25. Just think, we are sending $1.00 per gallon out of our economy elsewhere. What a difference that $1.00 would make in investment and profit.

this is very common...
the media almost always yells BULL the loudest right at the top...


unfortunately? i am not convinced that we should expect oil to go back below 45$...
the 1st gulf war was not about US being nice guys in white hats and freeing Kuwait...we stopped Sadam from taking over the mid-east and we "did the right thing".
we are in a different situation right now, but we got a good deal on oil for what? 10+ years as a result...

the articles about gasoline being plentiful are news to me, the fact that oil is plentiful is not...
i think we WILL see some more big spikes in oil prices before it's over....

it is very difficult to tell if oil is high because we are trying to squeeze China or they are trying to squeeze US.....

"More than a billion Chinese are joining the oil market," says Bo Lin, an energy specialist at the Asian Development Bank. "How can prices go down?"

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keithsan
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if oil dropped tomorrow, think the trend line is about 46. so, it will take a while to hit the trend line and bounce back up. IMO. oil is to strong to go below it..... so 45 is not in the near future, agreed.
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Lucy Lastic
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orig posted by Sgt. Steiner :                   
------------------------------------------------------------------------
Hey Keith keep in mind you don't need 20 gallons of water to get back and forth to work for a week. I hate that analogy.
------------------------------------------------------------------------

well, Sgt, keep this in mind too: without gas, you figure out another way. without water, you die.

On a daily basis, the people of the United States, directly and indirectly, use more than 380 billion gallons of water, or approximately 1,668 gallons per person.

you may say that most of that is tap water, and doesn't cost the same as purified drinking water. true but.. lets revisit this topic again in a coupl'a decades. the last century was all about oil. and this one will be all about water. (oil, shmoil!)

water trivia: http://www.chesapeake.va.us/services/depart/pub-util/h2o-conserv/tips-misc.html

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Lucy Lastic
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2nd thought - that site's not the best. there are others. google...
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Phrogger
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quote:
Originally posted by Lucy Lastic:

On a daily basis, the people of the United States, directly and indirectly, use more than 380 billion gallons of water, or approximately 1,668 gallons per person.

you may say that most of that is tap water, and doesn't cost the same as purified drinking water. true but.. lets revisit this topic again in a coupl'a decades. the last century was all about oil. and this one will be all about water. (oil, shmoil!)

So what are you saying Lucy? I just spend the last 2 1/2 years going back and forth to Iraq kicking Hadji's ass because of OIL. And now I have to worry that I will be sent to the North Pole and get it on with an Eskimo over an ICE CUBE.
NEWS ALERT!!!
Short sun tan oil and long on freeze dried foods and cold weather gear.

Just kiddin' with you. The fact is, I do not buy any of this 'world-wide shortage of water' eco-warrior BS. I grew up in a state with 10K lakes and now live next to the biggest puddle in the world - there is plenty of water. We may have to pay to have it made safe to drink... Wait, we already do that. Besides, if the best Hollywood can do is "Ice Pirates" and "Water World"...well.

One last thing, are you saying that tap water is NOT safe to drink? Hmmm...

Good luck to all.

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"You cannot play them all, so pick good ones and play them well."

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Lucy Lastic
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phrogger:
quote:
The fact is, I do not buy any of this 'world-wide shortage of water' eco-warrior BS. I grew up in a state with 10K lakes and now live next to the biggest puddle in the world - there is plenty of water.


very convincing!

seems like what you're saying is: "i don't want to believe it so i won't." unfortunately, the worlds most reputable scientists are ... Not in agreement with you.

it's a no-brainer really. water is a precious, *finite* resource. since the dawn of the petro-chemical era (a minute ago, in planetary time,) industry is poluting this irreplaceable basic life-need. we are diminishing it while our need for it grows. (as our population grows.) (thank god for tsunamis and wars...)

phrogger:
quote:
One last thing, are you saying that tap water is NOT safe to drink? Hmmm...

some's worse than others. arizona i think is the worst. they have jet fuel in theirs. the purified water business is huge in arizona.

the SW is going to be in big trouble first, in this country .
san diego pipes their water in from way up north. they don't have any of their own. (Chinatown's a good movie!)

if it's all bs, why are companies furiously trying to crack de-salinization? your logic : "i grew up around a lot of lakes!" is hilarious.

"belch" (cracks open another miller high life..)

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<blueranger>
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everything is finate but if you make a list
of finate things water falls at the bottom of
the list even below dirt...

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keithsan
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seems like oil banged off resistance today....doesn't break it again, might get a nice little break.... [Smile]
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Lucy Lastic
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blueranger:
quote:
everything is finate
everything is NOT finite. if we wanted more trees we could designate space, and then plant seeds, and raise more trees. we cannot do that with water.

blueranger:
quote:
but if you make a list
of finate things water falls at the bottom of
the list even below dirt...

what is it that puts one thing above another on this list of yours? in short, what are you saying?
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keithsan
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quote:
Originally posted by keithsan:
seems like oil banged off resistance today....doesn't break it again, might get a nice little break.... [Smile]

gotta love resistance...
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