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Death Bed Globalist Says Oil Price $152-$200 per Barrel within 5 Months

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Comments

  • I had to open my PM's to read a reply to my doubt on this story to find the source is a Baptist Evangelist.

    :shakes head:
  • It is going to get cold this winter

    Are you lindsey williams? :D
  • Asheron
    Asheron Posts: 1,229 Forumite
    edited 13 January 2011 at 7:06PM
    Oil price closes in on $100 a barrel as global demand continues to rise

    The prospect of $100-per-barrel oil hove into view yesterday, as crude prices rose almost to within a dollar of the psychologically important level last seen more than two years ago.

    http://www.independent.co.uk/news/business/news/oil-price-closes-in-on-100-a-barrel-as-global-demand-continues-to-rise-2183108.html
    As an investor, you know that any kind of investment opportunity has its risks, and investing in Stocks or Precious Metals is highly speculative. All of the content I post is for informational purposes only.
  • purch
    purch Posts: 9,865 Forumite
    edited 13 January 2011 at 7:20PM
    Futures still in backwardation.

    In fact they are lower today than yesterday.

    Trust Ash to be late with the doom.

    You need to keep up with the news lad.

    https://www.theice.com/productguide/ProductDetails.shtml?specId=219
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • Asheron
    Asheron Posts: 1,229 Forumite
    Purch you cyber bully :(:)
    As an investor, you know that any kind of investment opportunity has its risks, and investing in Stocks or Precious Metals is highly speculative. All of the content I post is for informational purposes only.
  • Batchy
    Batchy Posts: 1,632 Forumite
    it probably will go high to 160 plus... then promptly come back down to $60-$70
    Plan
    1) Get most competitive Lifetime Mortgage (Done)
    2) Make healthy savings, spend wisely (Doing)
    3) Ensure healthy pension fund - (Doing)
    4) Ensure house is nice, suitable, safe, and located - (Done)
    5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)
  • I reckon oil will soon be more expensive than gold and silver bullion.

    I wonder how many houses I could have bought now if I had laid down £50k of oil back in the 40's and 50's when it was cheap and when it was before I was born? Damned baby boomers, they have squirelled away all of the oil while we younger generations have to make do with chip pan oil!!! Grrr :mad:
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