Oil $20 by Easter 2009

**Snick** · 12-05-2008, 03:20 PM

My bet is $35

**bbb2k2** · 12-05-2008, 03:46 PM

My bet is around $50. OPEC (and others) will do something is the prices continue to fall.

**Dieter** · 12-05-2008, 03:56 PM

Me more into the prizes of oily´s....

But me think also around 50$ .....

Dieter

**pacman** · 12-05-2008, 04:04 PM

20 bucks seems low, but the world economy is going to hell in a handbasket - I'll settle for $25.

**rossco** · 12-05-2008, 05:38 PM

40/45

If the price falls there will be intervention by producers and speculators - as per normal.

As 'easy' resources are exploited the Oil companies need to maintain a higher level to exploit more expensive fields.

**Tomcat** · 12-05-2008, 06:12 PM

If it fell to 20 bucks ill bet 20 bucks that the tanks will out on the streets in Moscow thats if they aint out before Easter...

By Easter i guess around 65 USD...but i wont be putting my house on it

**terryw** · 12-05-2008, 07:49 PM

Todays Daily Telegraph is predicting $25 by the early summer.

My sister in law is Russian and she is predicting civil unrest in Russia by the middle of next year. Apparently the government budget is based on a price of $95 a barrel.

**BlueBallz** · 12-05-2008, 09:32 PM

That goes for Iran as well. They were planning for it to be around AT LEAST $90. They already have big problems. Would be rather interesting to see some civil unrest there!

BE CAREFUL OUT THERE!!

**jimslim** · 12-05-2008, 10:19 PM

Well I hope so ........

I just paid £210 for 500 litres to keep my feet warm at night for a few months

**Snick** · 12-05-2008, 10:35 PM

(BlueBallz @ Dec. 06 2008,03:32) That goes for Iran as well. They were planning for it to be around AT LEAST $90. They already have big problems. Would be rather interesting to see some civil unrest there!

That is all I want for christmas

**TiaoLang** · 12-05-2008, 11:58 PM

$20/$25 - I do hope not, but it is a strong possibility.

The Arabs would be very happy at this price, they make a profit at $2 a barrel.

But, the Canadians need the price at a minimum of $60 a barrel to break-even fom the Oil Sands.

Venezuala will continue to make a profit at $10ish a barrel.

The price of oil is all dictated by demand and supply. If the oil price remains low then we are all struggling as this dictates a recession. Price high, demand is high, economy is strong.

So, do you want a crap global economy, or 'cheap' fuel?

Whichever way, somebody is making a tidy profit - $70 a barrel is reasonable.

Regards.

Tiao

**ciobha** · 12-06-2008, 01:52 AM

Whatever it falls to, us mugs in Britain and Ireland will still be paying way over the odds for a tank of petrol,and heating oil!

**azza33** · 12-06-2008, 02:55 AM

not a bad call... 1st half 2009 is gonna be an ugly bitch!

**TiaoLang** · 12-06-2008, 05:03 AM

Ciobha,

Current price of unleaded is approximately 89p a litre, VAT has reduced to 15%, fuel duty has been frozen for a while now.

Current gross profit margin at retail are approximately 2-3 pence per litre.

Duty rate is approx 50 pence per litre.

Exchange rates to the dollar are at a 4 year low.

Free schools and health service in the UK.

Do the maths !!!!!!!!!!!!!

Regards.

Tiao

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Oil $20 by Easter 2009