Skip to comments.John Kilduff: Oil To $100 In The Next Six Months
Posted on 01/12/2010 11:36:08 AM PST by blam
John Kilduff: Oil To $100 In The Next Six Months
Jan. 12, 2010, 1:45 PM
Last week, we reported that former CIBC World Markets Inc. chief economist, Jeff Rubin had predicted the price of oil to reach $100 by the end of 2010.
On Monday, CNBC contributor John Kilduff sliced Rubin's prediction in half, claiming that oil will hit $100 a barrel in the next six months, thanks in part to a humming Chinese economy, Business And Media reports.
When Kudlow asked whether the U.S. should look to windmills in the Nantucket sound to provide a new power source, Kilduff stated he opposes the idea, and mentioned a huge oil discovery in the Gulf of Mexico Tuesday morning.
(Excerpt) Read more at businessinsider.com ...
They do this every time they have an election they must win. Up goes oil and it's all ‘those big oil pubbies fault!’
and people fall for it every time.
Its our President and all of his rich Texas oil buddies. (sarc) No, wait a minute that was the excuse the left used with the last President. Hmmmmmm how can we pin this on Bush?
Is China’s economy really humming? Who’s buying their products if we are in recession still?
Since oil is priced in $$, we have no one to blame but our central bankers, Congress and the President for inflating these $$.
And our leaders sit there debating the helthcare bill with 35% approval and a $2T price tag. The country is on a suicide mission .... :-(
It has been theorized that when gas gets to $11 a gallon, our entire world economy will grind to a halt because it will no longer be economically feasible to bring goods to market. The entire mechanism will simply cease to operate.
I think the true number is closer to $7 to $9 a gallon, but hey, I'm an optimist.
Those of us who are within walking distance of a ghetto will feel the sharp pangs of "social justice" first, but ultimately we will all suffer from the massive crime wave/killing spree that is sure to follow.
“thanks in part to a humming Chinese economy,”
Old School econ. Price swings are now determined by commodity indexes and hedge fund investing patterns. They are starting to park their money in commodities again.
1) Get away from population centers
2) Carefully examine the demographics of where you’re getting away to.
3) Of course, arm up and bloat.
” The country is on a suicide mission .... :-(”
That’s their plan. I guess they think they will survive the aftermath, I don’t think it will go well for them.
We are sitting on zillions of barrels of oil and tons of natural gas and coal deposits that will last for centuries and the Kenyan Bozo is all orgasmic over windmills. Beware, Bambi, the wrath of the people is coming your way soon.
A) Send the females to grandma's in Bloomington (a tiny town south of Victoria, teeming with illegals) because grandma has many, many guns and several responsible male family members close by;
B) Barricade neighborhood to create choke points that limit ingress/egress; set up both static defenses and roving patrols outside the wire.
C) Take in all comely females from nearby Rice U; create breeding program so as to repopulate the earth with my seed.
No wait, that last one is from my NUCLEAR WAR plan A. Never mind; ignore that last one.
We are headed toward a major contraction in econmic activity where the staple of our economy, oil, is priced above what the market can withstand.
And all so Bernanke/Krugman, Keynesians both of them, can try out their pet economic theories ......
Im on the fence between Canada ....or Aliyah. I think Aliyah.
Yeah, but what’s your “zombie plan”?
The price of a gallon of gas is up almost 100% since Barack Hussein took power.
Let’s see the State Run Media report that.
I’m thinking more like $50 when the weather warms up and the Obama Double-Dip kicks in...
They probably don't know the words...
You'd probably do best to move north into the German held territory. Fredericksburg comes to mind.
“They do this every time they have an election they must win. Up goes oil and it’s all those big oil pubbies fault!”
True, not sure it will work this time though with the dims being in charge and all.