could it easily hit $200 a vat by next year or the year after? next what?
Answers: I don't see $200. Then again I didn't think we would be at $100 for another couple of years all the same.
Right now in attendance are a lot of reason oil is this lofty... part of it is that the dollar is worth closely less overseas, so the family who sell the grease need more dollars only to get what they be getting two months ago. (The Dollar is down because interest rates are low, and interest rates are low because if the Fed does not keep interest rates low the housing bubble will procure a whole lot worse and that could rationale a recession... so don't look for that part of the grease price to change any time soon.) About $30 per cask of the price is speculation... people trying to play the grease futures markets. Mostly though it is tight supply, and the biggest quantity is fear of tighter supply.
Supply right very soon is tight. China and Inda are industrializing, they went capitlaist, individuals there are making money, and they are buying cars and jeeps, and things that use gas...(what you surmise people contained by Asia LIKED riding bycycles to work any more than we do?... they did it because they were poor, ...duh!). So constraint for the world oil supply go up BIG time in the recent past 10 years... but have you see any new drilling within the US? NO... the GOP even gave up on trying to get hold of permission to drill surrounded by Alaska through Congress... you think Hillary and Pelosi will ever permit THAT come up to a vote? In an election year? The enviros would waste them!!
So all the trial drilling as been done surrounded by places like Asia, where on earth the envormnentalists can't shut things down like they can here. Of course that grease tends to stay surrounded by Asia, but that is another story...
The big concern though is fear... since we can't drill for grease off of California (there is a LOT of grease off the California coast... the enviros of late sue and protest and get law past so we can't acquire it) we spent the past 50 years drilling for it contained by places like Saudi Arabia, Nigeria, Iran, Venezuela, Iraq. You will sense that none of those places is particularly stable right immediately. The fear is that if something go wrong in one of those places (say Iran get the bomb and a major mid-east time of war starts, or there is a civil time of war in Venezuela, or Nigeria) afterwards those places won't be able to pump any more grease, and supply will be nowhere near adequate and then the price will skyrocket. (This is where on earth the speculators come in... if they buy grease now and hold on till something happen then they can put on the market at a profit... but LOTS of people are trying to do that, adjectives at the same time, and they are adjectives bidding against each other for a finite suppy of grease, so speculation helps drive the price up.)
Real world... the style to get the price down is to put more grease on the market. The Enviromentalists won't allow drilling surrounded by ANWAR, or off the east coast, or sour the west coast, or off of Florida, or within any of the HUGE areas of the west that Clinton put off margins to drilling when he was president.
This will nick about two or three years after Congress finally lift some of the drilling bans... (the companies will own to get the lease, build the rigs, drill the wells, set up piplines to seize the stuff to refieries, and get go-ahead from the enviornmental authorities to expand the refineries...) so it won't relief short term... but if Congress have had the brains to allow drilling contained by ANWAR back when Bush be pushing for it in 2003 and 2004 you wouldn't hold $97 a barrel grease right now... it wouldn't be $30, but it sure as heck wouldn't be at $97! Probably be $10 to $15 a container lower I'd guess.
So, real world, nil is going to happen to drop grease prices till Congress opens up more areas to drilling. That won't begin till after the Election at the soonest... and if the Republicans loose the election it won't crop up then any.
If you are watching CNBC you will see that the profits for big oil, while still righteous, are down considerably from where they be last year. As the price of the gasoline and heat oil they market goes up, folks use less, (and the grease companies get lots of fruitless publicity) so they are eating deeply of the current price increases. Prices will go up but the refiners are also drinking a lot of the current elevated price of crude. Not because they are particularly nice, but because they will deal in a lot smaller quantity gas at $5.00 a gallon than they do at $2.85 (thats what we pay here within Houston). Be ready to settle up more at the pump, but not as much as you could be.
Yes, you can quit driving a vehicle. One less equals smaller quantity demand.
Ok i requirement to know this speedily!?
Answers: I don't see $200. Then again I didn't think we would be at $100 for another couple of years all the same.
Right now in attendance are a lot of reason oil is this lofty... part of it is that the dollar is worth closely less overseas, so the family who sell the grease need more dollars only to get what they be getting two months ago. (The Dollar is down because interest rates are low, and interest rates are low because if the Fed does not keep interest rates low the housing bubble will procure a whole lot worse and that could rationale a recession... so don't look for that part of the grease price to change any time soon.) About $30 per cask of the price is speculation... people trying to play the grease futures markets. Mostly though it is tight supply, and the biggest quantity is fear of tighter supply.
Supply right very soon is tight. China and Inda are industrializing, they went capitlaist, individuals there are making money, and they are buying cars and jeeps, and things that use gas...(what you surmise people contained by Asia LIKED riding bycycles to work any more than we do?... they did it because they were poor, ...duh!). So constraint for the world oil supply go up BIG time in the recent past 10 years... but have you see any new drilling within the US? NO... the GOP even gave up on trying to get hold of permission to drill surrounded by Alaska through Congress... you think Hillary and Pelosi will ever permit THAT come up to a vote? In an election year? The enviros would waste them!!
So all the trial drilling as been done surrounded by places like Asia, where on earth the envormnentalists can't shut things down like they can here. Of course that grease tends to stay surrounded by Asia, but that is another story...
The big concern though is fear... since we can't drill for grease off of California (there is a LOT of grease off the California coast... the enviros of late sue and protest and get law past so we can't acquire it) we spent the past 50 years drilling for it contained by places like Saudi Arabia, Nigeria, Iran, Venezuela, Iraq. You will sense that none of those places is particularly stable right immediately. The fear is that if something go wrong in one of those places (say Iran get the bomb and a major mid-east time of war starts, or there is a civil time of war in Venezuela, or Nigeria) afterwards those places won't be able to pump any more grease, and supply will be nowhere near adequate and then the price will skyrocket. (This is where on earth the speculators come in... if they buy grease now and hold on till something happen then they can put on the market at a profit... but LOTS of people are trying to do that, adjectives at the same time, and they are adjectives bidding against each other for a finite suppy of grease, so speculation helps drive the price up.)
Real world... the style to get the price down is to put more grease on the market. The Enviromentalists won't allow drilling surrounded by ANWAR, or off the east coast, or sour the west coast, or off of Florida, or within any of the HUGE areas of the west that Clinton put off margins to drilling when he was president.
This will nick about two or three years after Congress finally lift some of the drilling bans... (the companies will own to get the lease, build the rigs, drill the wells, set up piplines to seize the stuff to refieries, and get go-ahead from the enviornmental authorities to expand the refineries...) so it won't relief short term... but if Congress have had the brains to allow drilling contained by ANWAR back when Bush be pushing for it in 2003 and 2004 you wouldn't hold $97 a barrel grease right now... it wouldn't be $30, but it sure as heck wouldn't be at $97! Probably be $10 to $15 a container lower I'd guess.
So, real world, nil is going to happen to drop grease prices till Congress opens up more areas to drilling. That won't begin till after the Election at the soonest... and if the Republicans loose the election it won't crop up then any.
If you are watching CNBC you will see that the profits for big oil, while still righteous, are down considerably from where they be last year. As the price of the gasoline and heat oil they market goes up, folks use less, (and the grease companies get lots of fruitless publicity) so they are eating deeply of the current price increases. Prices will go up but the refiners are also drinking a lot of the current elevated price of crude. Not because they are particularly nice, but because they will deal in a lot smaller quantity gas at $5.00 a gallon than they do at $2.85 (thats what we pay here within Houston). Be ready to settle up more at the pump, but not as much as you could be.
Can you mix different makes/types and grades...
Yes, you can quit driving a vehicle. One less equals smaller quantity demand.
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