Oil Prices 2009

[SamplerDoc]

With a high of $147 a barrel last July and a current price in the low $40's, where do you think we will end the first part of 2009 per barrel?

Will this price reflect a worldwide slowdown?
Will it cause a further slowdown?

Surprisingly many items remain priced high reflecting the $140 plus price pb............. will those prices finally drop?

[f0xxee]

It better stay in the 40's or I am an unemployed rig pig.

[Stogie]

Fifth option... between 40 and 50.

[Torurot]

70-79 theoildrum.com is a useful site

[dummy_plug]

(Stogie @ Jan. 26 2009,11:24) Fifth option... between 40 and 50.

Same same

[terryw]

$80 - $89.99. The price will start rising in the second half of the year as some of the stronger economies (UK excluded) start to recover from the Recession

[daveduke007]

Who gives a fuck, Ive booked my Flight already  

[SamplerDoc]

(terryw @ Jan. 28 2009,02:51) $80 - $89.99. The price will start rising in the second half of the year as some of the stronger economies (UK excluded) start to recover from the Recession

I would say that is a very bright outlook.

Perhaps the world comes out of the slow and stalled economies phase sometime in mid 2010

[katoeylover]

Oil is up and down like a fucking yoyo at the moment;

Yesterday up $5 to $46, £ up 7c

Today down $4 - £ down 2c


Someone, somewhere is making a fortune

[mirimark]

I don't know too much about this stuff but I just saw Jessica Alba on the O'Riely Factory. She colored her hair Jet Black and Straightend.

I've never seen her Look so Hot before.

But anyhow, I feel by the end of the First Quater we will be at $60.00 a barrel.

[SamplerDoc]

Could be right , we are at just over 50 with 2 weeks till the 1Q ends

[Anthony_Mustang]

I reckon in the $40 - $50 mark for the next 6 months at least. Since we are coming into the Northern Spring summer there will less demand for heating fuel from Europe and North America. China's growth is still relatively weak next to what has been the norm for them over the past few years.

Although at present almost anyone trying to predict what is going to happen even more than a few weeks or even a few day's out is asking to be made a fool of real quick.