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Oil to jump to $US105 (pg. 4)
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| josh4 |
| quote: | Originally posted by Renegade
Wow, you can be really mean when you're on the defensive. :( |
* stops swinging his stick around violently *
* frowns:(, smiles:D *
* repeats the stick swinging *
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Yes, I know. Consider this your baptism. |
:haha:
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Hey, you'd smell too if you never showered. :mad: |
* pats his head endearingly *
* wipes hand on jeans * |
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| occrider |
| quote: | Originally posted by josh4
You immediately started defending your opinions about the political issue and Snopes. I wasn't trying to refute them. I'm sorry you got a "negative assessment" from my comments, you should have asked for clarification first. I don't have any evidence people should be wary in trusting Snopes' and don't necessarily think they shouldn't. I think its interesting that today's world has progressed to the point where a website holds such caliber with separating veracity from bunkum.
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Duly noted. Sorry I couldn't help you out with your toilet paper situation ... |
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| LiquidX |
| isnt he one of the COR posters?!?!!... and he calls this forum crap? lol I laugh... well, as we were saying.. RESEARCH on FREAKING TECHNOLOGY>> !!! I was looking for the new Honda Accord Hybrid... it's got a V6 engine, looks good, good performance.. but 30 grands ?!?!?!.. Jeezusss. !! .. The next is the Prius but MAN thats for my granpa kind of car, although it saves a load of gas... I guess I'll end up with the Acura RSX manual .. but if gas keeps going up like that, Id be forced to a Prius :whip: .. Im not that rich to afford my long trips to school like that! |
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| josh4 |
| quote: | Originally posted by LiquidX
isnt he one of the COR posters?!?!!... and he calls this forum crap? lol I laugh... well, as we were saying.. RESEARCH on FREAKING TECHNOLOGY>> !!! I was looking for the new Honda Accord Hybrid... it's got a V6 engine, looks good, good performance.. but 30 grands ?!?!?!.. Jeezusss. !! .. The next is the Prius but MAN thats for my granpa kind of car, although it saves a load of gas... I guess I'll end up with the Acura RSX manual .. but if gas keeps going up like that, Id be forced to a Prius :whip: .. Im not that rich to afford my long trips to school like that! |
Do you ever have moments when everyone in a room will just stare at you after you say something and you don't know why? |
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| zig |
| quote: | Originally posted by LiquidX
isnt he one of the COR posters?!?!!... and he calls this forum crap? lol I laugh... well, as we were saying.. RESEARCH on FREAKING TECHNOLOGY>> !!! I was looking for the new Honda Accord Hybrid... it's got a V6 engine, looks good, good performance.. but 30 grands ?!?!?!.. Jeezusss. !! .. The next is the Prius but MAN thats for my granpa kind of car, although it saves a load of gas... I guess I'll end up with the Acura RSX manual .. but if gas keeps going up like that, Id be forced to a Prius :whip: .. Im not that rich to afford my long trips to school like that! |
Well with the Prius and Acura at about 20,000 dollars each i guess putting petrol into the car shouldnt be much of a problem if you can afford the car in the first place.....seems like a lot of money for a car if your a student................... |
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| St_Andrew |
| quote: | Originally posted by zig
Well with the Prius and Acura at about 20,000 dollars each i guess putting petrol into the car shouldnt be much of a problem if you can afford the car in the first place.....seems like a lot of money for a car if your a student................... |
america is all about the cars! :toocool: |
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| zig |
| quote: | Originally posted by St_Andrew
america is all about the cars! :toocool: |
or rich students.......:D |
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| Dunya |
| quote: | Originally posted by malek
Oil to jump to $US105: analyst
April 01, 2005
From: Reuters
A LEADING investment bank has warned oil could hit $US105 per barrel, which would spread ruin through the US stock market, analysts said overnight.
Since the start of the year, oil has risen more than 25 per cent to near $US56 a barrel. Overnight, Goldman Sachs issued research saying oil markets have entered a "super-spike" period that could see prices go as high as $US105.
Goldman also raised its 2005 and 2006 New York Mercantile Exchange crude price forecasts to $US50 and $US55, respectively, from $US41 and $US40. A Reuters poll showed that analysts on average expected a mean price for 2005 of $US45.49 a barrel.
The analysts revised their super-spike range to $US50-$US105 per barrel from $US50-$US80 previously, noting demand and economic growth in the United States and China especially.
While oil companies benefit from rising crude prices, airlines have warned of fuel costs.
Airline industry analyst Robert Mann said the consequences of oil reaching $US105 would be so disastrous to the US economy that it is difficult to isolate the airline industry within that scenario.
"It's bigger than that," he said. "I think it would ruin the economy. It would be catastrophic."
However, Tom Bentz, an analyst at BNP Paribas Commodity Futures Inc., said $US100 oil "is possible, but anything is possible.
I hope its not a 1st of April joke... |
I hope it will go on.. |
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| occrider |
At this point, the price is driven purely by speculation. I predict there will be a correction some time in the next few months.
http://money.cnn.com/2005/04/12/mar....reut/index.htm
The airline industry will be fine because most of them, the smart ones at least, have hedged their fuel costs by buying futures contracts. This is what Southwest did for example.
As an interesting side note, you can already see a noticeable market reaction to the high gas prices even though the prices are not that bad from a historical perspective:
http://money.cnn.com/2005/04/11/Aut...prius/index.htm
If 80% of the US market doubles in fuel efficiency you can bet that would generate noticeable downward pressures on oil prices. |
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| zig |
| quote: | Originally posted by occrider
At this point, the price is driven purely by speculation. I predict there will be a correction some time in the next few months.
http://money.cnn.com/2005/04/12/mar....reut/index.htm
The airline industry will be fine because most of them, the smart ones at least, have hedged their fuel costs by buying futures contracts. This is what Southwest did for example.
As an interesting side note, you can already see a noticeable market reaction to the high gas prices even though the prices are not that bad from a historical perspective:
http://money.cnn.com/2005/04/11/Aut...prius/index.htm
If 80% of the US market doubles in fuel efficiency you can bet that would generate noticeable downward pressures on oil prices. |
Ye your probably correct....but as regards hedgeing of airline fuels, they can only be hedged so far into the future, and fuel prices have been high now for quite a while, and no point in hedgeing at very high prices for the months down the road, its really the airlines that hedged sufficiently before the current spike that have fared best, other airlines are feeling the pinch and chargeing fuel surcharges, the rest will follow if prices remain high much longer. |
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| occrider |
| quote: | Originally posted by zig
Ye your probably correct....but as regards hedgeing of airline fuels, they can only be hedged so far into the future, and fuel prices have been high now for quite a while, and no point in hedgeing at very high prices for the months down the road, its really the airlines that hedged sufficiently before the current spike that have fared best, other airlines are feeling the pinch and chargeing fuel surcharges, the rest will follow if prices remain high much longer. |
I believe a few of the carriers are hedged throughout 2005, with some being hedged (or working on hedging) into 2006 and 2007. The big carriers will take another hit as they are the least hedged, but I think that enough of the discount carriers are hedged well enough to avoid oligopical pricing.
http://www.purchasing.com/article/CA444966.html
A more likely scenario is that another big inefficient airline will be weeded out which will provide greater market share to the leftover contenders. Another reason why I'm somewhat unconcerned with airline prices is that they've been flying with fewer and fewer empty seats this year. I dunno, we'll see. |
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| malek |
ok its down to around 50$ a barrel, with as it seems, plenty of stocks........:rolleyes:
hmmm another organized massive scam. |
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