Free Republic
Browse · Search
News/Activism
Topics · Post Article


1 posted on 12/31/2012 6:36:26 AM PST by thackney
[ Post Reply | Private Reply | View Replies ]


To: thackney

Pump prices reflect this also here in Baltimore County,MD


2 posted on 12/31/2012 6:45:05 AM PST by stevecmd
[ Post Reply | Private Reply | To 1 | View Replies ]

To: thackney

It is a known ploy of the hustler to make varying predictions, and then to highlight one that came true while ignoring the others; the simplest is the cold-caller who tells half the prospective clients a stock will go up, and the other half that it will go down, and then calls back the correct half.

This article illustrates that one does not actually have to predict correctly to succeed.

I don’t have the obvious expertise that this writer does, but I also successfully failed to predict the price of Crude Oil on December 31, 2012. I’m simply not writing an article to mention it.

I predict that by December of 2013, there will be a price of oil.


3 posted on 12/31/2012 7:02:32 AM PST by CharlesWayneCT
[ Post Reply | Private Reply | To 1 | View Replies ]

To: thackney

One of a long chain of trends which Obama had absolutely nothing to do with (but which will rebound to his benefit, and for which he’ll take full credit)


4 posted on 12/31/2012 7:21:10 AM PST by Buckeye McFrog
[ Post Reply | Private Reply | To 1 | View Replies ]

To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks thackney.
Back in September, with Brent crude oil prices sitting a little above $110, I predicted that Brent would drop to $100 or below by the end of November. While prices made an initial move in this direction, unrest in the Middle East and the weakening dollar (among other catalysts) have brought Brent crude back up to $110 at year-end... over the course of 2013, I expect growing supplies (and relatively stagnant demand) to pull Brent prices down below $100. The critical driver is the opening up of new transport capacity to move U.S. inland crude to the coasts in order to replace imported crude, which will in turn pressure Brent prices. This will allow the U.S., and the rest of the world by extension, to take advantage of rapidly growing domestic production that thus far has had trouble getting to market... the last Weekly Petroleum Status Report of 2012... For the week ended December 21, U.S. crude production totaled 6.984 million bpd (barrels per day), more than 1.1 million bpd above the comparable period last year. For the full year, production has averaged 6.22 million bpd, up nearly 600,000 bpd over last year. While some commentators have worried that the "shale boom" is peaking, production figures do not support that view.

5 posted on 12/31/2012 7:21:55 AM PST by SunkenCiv (Romney would have been worse, if you're a dumb ass.)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: thackney

This article talks about the oil commodity but fails to address the us dollar commodity used to purchase the oil. If our US budget deficits continue to explode, our currency could be halved in value, causing the price of oil to double.

It simply isn’t just a supply and demand discussion.


7 posted on 12/31/2012 7:56:48 AM PST by kingcanuteus
[ Post Reply | Private Reply | To 1 | View Replies ]

To: thackney

Silliness. Cushing prices will rise, not the other way around. Our domestic crude is priced way too low compared to the rest of the world.


8 posted on 12/31/2012 8:34:44 AM PST by gotribe
[ Post Reply | Private Reply | To 1 | View Replies ]

To: thackney
" While some commentators have worried that the "shale boom" is peaking "

For some reason I would have thought that this sentence would have been worthy of them saying " Experts " instead of " Commentators " , but I was mistaken.
These commentators ? who are they ? or are they more of the run of the mill so called liberal commentator experts ?
Main Stream Media giving us more of the crap sandwich ?
Or is this so called " Commentator " Matt Damon ?

From the plains of Texas where there is plenty of this resource, and no, not Texas Tea, it's COW CRAP .
Yup, these so called commentator's opinion is nothing more than Cow Crap.
9 posted on 01/01/2013 5:07:36 PM PST by American Constitutionalist
[ Post Reply | Private Reply | To 1 | View Replies ]

To: thackney
I'm instantly suspect of anyone, especially a male anyone, using a hyphenated surname.

Call it a reactionary streak.


14 posted on 01/01/2013 5:32:34 PM PST by tomkat
[ Post Reply | Private Reply | To 1 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson