dragr1 wrote: With Goldman Sachs and Boone Pickett both saying that oil will hit $150, then it will. Doesn't matter if it's justified or not, because they said it, it's gonna happen no matter what.
Sadly, I agree. I still think it's in a bubble that continues to swell though - $150 in the coming weeks might just rush it towards popping a bit sooner then later.
It'll probably burst about 48 hours after we get back from our month out west.
what i don't get is how many people don't seem to care that they are pay far too much for fuel and just say whatever. maybe if you reduced your consumtion somewhat the industry would get the message that we are tired of excuses and speculation of why the fuel prices are going up. if you ask me they are just going to continue to rape and pillage till we say enough is enough and thats it.
I wouldn't say we don't "care", but I'm also not going to let it ruin a trip that we've been planning for a year now.
When we get home we'll be firmly planted at local campgrounds for the rest of the season, trust me. If next years gas prices are the same or higher, ditto.
Well, we are leaving for a 2300 mile trip in about 2-weeks. Netting-out the savings cost for air travel, hotel rooms, and restaurants, we still come out ahead with $4 gas.
PrivatePilot wrote: Oil prices are in a bubble that's not substantiated by the current state of the world economy. Even OPEC themselves have said this.
It'll burst eventually.
Agree 100%.
China & India demand? Yes.
Political instability in oil producing nations? Yes.
Is the situation today so different from the past few years that it justifies a chart like we're seeing this month?
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