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OIL GIANT WARNS: Crude Could Crash To $30
Financial Post businessinsider.com ^ | 11-30-2014 | Claudia Cattaneo, Financial Post; Myles Udland

Posted on 11/30/2014 6:03:03 PM PST by blam

click here to read article


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To: blam

Massive deflation followed by massive inflation.


21 posted on 11/30/2014 6:30:22 PM PST by ryan71 (The Partisans)
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To: Karl Spooner

We should definitely see a bounce at the 2007 low of $50.


22 posted on 11/30/2014 6:31:16 PM PST by DrGunsforHands
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To: Husker24

It would be nice if you could lock in the low prices by purchasing the fuel today.


23 posted on 11/30/2014 6:32:46 PM PST by Blood of Tyrants (Good Muslims, like good Nazis or good liberals, are terrible human beings.)
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To: blam; thackney; Smokin' Joe

Possible...??


24 posted on 11/30/2014 6:33:06 PM PST by gaijin
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To: Karl Spooner

Commodities do not drag each other down.

All commodities are soft due to the ongoing economic slide in Europe.
.


25 posted on 11/30/2014 6:33:08 PM PST by editor-surveyor (Freepers: Not as smart as I'd hoped they'd be)
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To: Sawdring

Silly question: what ticker or symbol can I give to get a good real silver price?


26 posted on 11/30/2014 6:34:31 PM PST by gaijin
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To: gaijin

http://online.wsj.com/mdc/public/page/2_3028.html?category=Other&subcategory=Metals&contract=Silver%2520Comp.%2520-%2520COMEX&catandsubcat=Other%7CMetals&contractset=Silver%2520Comp.%2520-%2520COMEX


27 posted on 11/30/2014 6:36:50 PM PST by thackney (life is fragile, handle with prayer.)
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To: DrGunsforHands

Probably. But definitely at 5.00 pb. I learned my lesson about them daggers.


28 posted on 11/30/2014 6:37:04 PM PST by Karl Spooner
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To: The_Media_never_lie

actually it bodes well for the economy. consumers and businesses will benefit from lower transportation costs.


29 posted on 11/30/2014 6:38:18 PM PST by plain talk
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To: gaijin

http://www.investing.com/commodities/silver. Very good site for real-time data.
Also, SLV is a large silver ETF that follows the price of silver.


30 posted on 11/30/2014 6:39:19 PM PST by DrGunsforHands
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To: I am Richard Brandon

The price of crude is supposed to be about 80% of the price of a gasoline.

It’s $2.85 here. (last I checked)


31 posted on 11/30/2014 6:39:28 PM PST by ROCKLOBSTER (Celebrate "Republicans Freed the Slaves Month")
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To: blam

As much as I like paying less for gas, be aware, this is all about OPEC, particularly our ‘pals’ the Saudis, driving down the price, in order to put US production, via fracking, out of business. Once this happens, the price will shoot up, like a rocket.

Thanks.


32 posted on 11/30/2014 6:41:04 PM PST by jttpwalsh
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To: I am Richard Brandon
I paid $2.27 a gallon at a Shell station near Houston today.

But I had to pump my own gas.

33 posted on 11/30/2014 6:41:04 PM PST by willgolfforfood
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To: I am Richard Brandon

Gas prices fall to $2.50 a gallon.
Fuel surcharges will disappear (but customers may have to complain in some cases
And yes heating oil will be cheaper.

The Iranians and the Venezuelans riot since their governments cannot sustain their spending levels at $40 to $50 a barrel. I am not sure it drops to $30.00 but possible.
$40 to $50 seems more likely.


34 posted on 11/30/2014 6:41:25 PM PST by Maine Mariner
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To: gaijin
I like Kitco's. the spot price on the bottom is tonight's action.
35 posted on 11/30/2014 6:41:37 PM PST by Sawdring
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To: ryan71
Massive deflation followed by massive inflation.

Yet somehow this will be all President Cruz's fault.

36 posted on 11/30/2014 6:46:08 PM PST by Rodamala
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To: DrGunsforHands

I put a few bucks into SLV two weeks ago. I’ve been in the black a couple of days since.

No matter. It will go back up. When? When the paper money house of cards crumbles under its own weight.

All my physical silver is at a cost basis of about $15. I don’t plan on ever selling it except if I have to buy basic necessities to survive.


37 posted on 11/30/2014 6:52:11 PM PST by ChildOfThe60s ((If you can remember the 60s.....you weren't really there)
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To: blam
Happy Days Are Here Again by Frisco Players, 1930
https://www.youtube.com/watch?v=vsgJPQzmdnc

We Can Live On Love by Billy Hays and his Orient Cafe Orchestrra, 1931
https://www.youtube.com/watch?v=Tecq_hADWoY


38 posted on 11/30/2014 6:53:51 PM PST by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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To: ROCKLOBSTER
The price of crude is supposed to be about 80% of the price of a gasoline.

When has it ever been at 80%?

GASOLINE PUMP COMPONENTS HISTORY
http://www.eia.gov/petroleum/gasdiesel/gaspump_hist.cfm

39 posted on 11/30/2014 6:58:27 PM PST by thackney (life is fragile, handle with prayer.)
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To: Blood of Tyrants

You can. It’s called futures. Southwest Airlines has used them to keep costs down.


40 posted on 11/30/2014 6:59:21 PM PST by Defiant (How does a President reverse the actions of a dictator?)
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