Get Used To $100 Crude But Nothing Higher

Forbes ^ | June 1, 2011 | Martin Sosnoff

[Heuristic Hiker]

Nobody in the economic history of the world has projected accurately the price of oil for more than one year ahead. There are just too many variables. Think tanks that monitor the supply and demand for oil worldwide, quarterly revise forecasts and there can be a sizable variance among these academics.

[Heuristic Hiker]

There is a lot in this article about world economic factors that may/or may not affect the price of oil, but not a lot of discussion of the U.S. Economy.

With the way the dollar is sinking and the U.S. economy moving further into the dumps (and unable to splurge on oil) will that help maintain lower oil prices? A silver lining? What happens if/when the economy is in the dumps and oil sky rockets?

[Buckeye McFrog]

between our problems and some even bigger ones looming in China I just don’t see how that can be sustained.

[CowboyJay]

"between our problems and some even bigger ones looming in China I just don’t see how that can be sustained."

Chinese currency revaluation.

[familyop]

The most important crude future stayed at about $100 after the Dow lost over 300 points in two days. The US dollar is in about the same shape, too. So freight fuel will stay high and go higher, along with foreign product prices. The remaining players in the “economy” are secretly begging for more QE, and the politicians for bipartisan favored constituents will facilitate that immediately after the dog and pony show.

[familyop]

As for oil, BTW, see what it does after that dog and pony show is concluded and much more money is created out of thin air.