Skip to comments.
Why oil prices just stampeded into bull-market territory
MarketWatch ^
| Aug 18, 2016
| Myra Saefong
Posted on 08/18/2016 4:42:04 PM PDT by BlackVeil
click here to read article
Navigation: use the links below to view more comments.
first 1-20, 21-31 next last
I would not call it a bull market - oil has gone up to $50 before, and then fell back to $40. Still, the market is rising, and the days of big falls seem to be over. When oil really rises in price, it will be fast and high - that is the nature of commodities.
1
posted on
08/18/2016 4:42:04 PM PDT
by
BlackVeil
To: BlackVeil
Isn’t it great to know the American consumer has a fracking boom in his back pocket just in case.
That is unless the opec who*e gets elected.
To: hardspunned
U talkin’ ‘bout the Chief Muzzie Sis?
3
posted on
08/18/2016 4:57:49 PM PDT
by
Paladin2
(auto spelchk? BWAhaha2haaa.....I aint't likely fixin' nuttin'. Blame it on the Bossa Nova...)
To: BlackVeil
BFD, my tactical auto fuel reserve still has ~3 months left. Well psst Labor Day and the peak of the Wild Weather in the Gulf period.
4
posted on
08/18/2016 5:02:53 PM PDT
by
Paladin2
(auto spelchk? BWAhaha2haaa.....I aint't likely fixin' nuttin'. Blame it on the Bossa Nova...)
To: BlackVeil
Thnx though, someone has to step up to replace thakney..
5
posted on
08/18/2016 5:04:52 PM PDT
by
Paladin2
(auto spelchk? BWAhaha2haaa.....I aint't likely fixin' nuttin'. Blame it on the Bossa Nova...)
To: BlackVeil
a couple of hurricanes in the Gulf of Mexico would help.
To: BlackVeil; All
“When oil really rises in price, it will be fast and high - that is the nature of commodities.”
Yep. I’m predicting it goes through the ROOF to coincide with the BRUTAL Winter we in the Upper Midwest are predicted to have this coming season.
“Barrack 0bama Hates White People of Western European Heritage!”
*SNORT*
7
posted on
08/18/2016 5:06:12 PM PDT
by
Diana in Wisconsin
(I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
To: BlackVeil
8
posted on
08/18/2016 5:07:08 PM PDT
by
Paladin2
(auto spelchk? BWAhaha2haaa.....I aint't likely fixin' nuttin'. Blame it on the Bossa Nova...)
To: Diana in Wisconsin
“Death to Americans!” - Hussein
9
posted on
08/18/2016 5:08:12 PM PDT
by
Paladin2
(auto spelchk? BWAhaha2haaa.....I aint't likely fixin' nuttin'. Blame it on the Bossa Nova...)
To: BlackVeil
It’s a mistake to think that domestic can’t be brought back into production.
10
posted on
08/18/2016 5:09:30 PM PDT
by
Sirius Lee
(If Trump loses, America dies)
To: Paladin2
We’re topped off and First On The List for additional Propane this season. The problem will be, with the massive snow predicted, can the supplier GET to us?
We shall see, though I’d hate to have to burn Granny’s rocker for warmth! ;)
They’re predicting, ‘The Winter of 1976’ all over again for us.
Again, We Shall See.
11
posted on
08/18/2016 5:10:05 PM PDT
by
Diana in Wisconsin
(I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
To: Paladin2
Pretty much! He’s got his; Ef the rest of us!
*SPIT*
12
posted on
08/18/2016 5:10:57 PM PDT
by
Diana in Wisconsin
(I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
To: Diana in Wisconsin
More blankets. Plus when it’s cold, the sun is out during the day. Solar energy is there for the taking, especially after all the trees are dropped...
13
posted on
08/18/2016 5:13:40 PM PDT
by
Paladin2
(auto spelchk? BWAhaha2haaa.....I aint't likely fixin' nuttin'. Blame it on the Bossa Nova...)
To: Paladin2
They say he has a brother named Frackney.
To: Paladin2
is he no longer here?
15
posted on
08/18/2016 5:18:25 PM PDT
by
Chode
(You Owe Them Nothing - Not Respect, Not Loyalty, Not Obedience, NOTHING!)
To: BlackVeil
The sad thing is that little of this movement is based on market fundamentals. Such is the world of ZIRP and central bank market manipulation.
Dollar strength, short coverings, pure speculation, all play a much bigger part in the price than production / supply / demand.
On the positive side, oil gets back to $60+ the rig count is going to go back up. It’s already increasing. One thing left out of this article, there is a lot of oil being stored offshore in tankers. Partly of necessity and party because the owners are hoping for higher prices before they have to unload. Also, some of the “draw downs” are not really so, just oil being moved to a different quadrant of the US - only the draw is getting reported.
16
posted on
08/18/2016 5:27:01 PM PDT
by
ChildOfThe60s
(If you can remember the 60s, you weren't really there....)
To: BlackVeil
Texas will have weathered the storm if it goes over $50. God bless our frackers who have learned how to stay in business at below $35/bbl. They are heroes.
To: BlackVeil
18
posted on
08/18/2016 5:56:01 PM PDT
by
Salvation
("With God all things are possible." Matthew 19:26)
To: BlackVeil
Just in time for Labor Day.
19
posted on
08/18/2016 6:00:28 PM PDT
by
aomagrat
(Gun owners who vote for democrats are too stupid to own guns.)
To: Paladin2; thackney
“thackney....”
I really, really miss his input. I wish he’d come back.
20
posted on
08/18/2016 6:42:53 PM PDT
by
VMI70
Navigation: use the links below to view more comments.
first 1-20, 21-31 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson