Considering the coming elections?
2006-09-17 12:37:41 · 11 answers · asked by Naazneen D 1 in Business & Finance ➔ Investing
i think it will until midterms, then it will rise so fast we wont know what happend, like 82% of oil companies profits in the us go to republicans and they r thinking that they will keep their jobs if the prices go down
2006-09-17 12:40:31 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I expect the price of oil could easily drop quite a bit more. And I don't think the coming elections have anything to do with it.
An energy analyst who was one of the first to predict several years ago that there would be an increase in the price of oil is now suggesting the possibility of $15 oil.
http://seattletimes.nwsource.com/html/businesstechnology/2003257679_oilconsumers14.html
We live in interesting times.
2006-09-17 12:59:33 · answer #2 · answered by TJ 6 · 0⤊ 0⤋
There may be some artificial manipulation for the upcoming elections. However, I heard a pundit talking about how a lot of suppliers had bought up large amounts of reserves to prepare for hurricane season disasters; and now they have surplus, which is why the current prices are dropping.
2006-09-17 12:46:55 · answer #3 · answered by Anonymous · 0⤊ 0⤋
http://oil-profits.org/ has some interesting charts tracking the price of crude oil. There seems to be strong support around 60.
2006-09-17 14:21:13 · answer #4 · answered by phx_oil 2 · 0⤊ 0⤋
Why is "expenses" capitalized? What does "coming down because of the fact some days" propose? because of the fact the "trouble-free to extract" oil has been quite lots depleted, crude oil expenses are in user-friendly terms going to upward thrust interior the destiny. As oil is a finite source (takes tens of millions of years to be produced for sure), expenses are extremely on no account going to circulate down. Oh, and a attainable (a minimum of for my area) reason as to why the U. S. gasoline expenses variety so wildly, it in all probability has to do with gasoline being so low fee in assessment to the the remainder of the worldwide. In different words, the oil agencies are making vast money everywhere different than for the U. S., so as that they could desire to guard tight administration on expenses interior the U. S.. They maximum possibly are raking interior the money in the different areas of the worldwide, so rises in crude oil expenses do no longer impact those different markets as lots.
2016-10-15 02:43:35 · answer #5 · answered by Anonymous · 0⤊ 0⤋
God I hope so but I don't think that we will see much change at the pumps Due to the oil companies here in America price gouging us so they can make an extra billion here and there. As we know that they don't make enough now.
2006-09-17 12:49:45 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Yes, right now the smart money( big money) flow out of the energy sector and rotate to consumer cyclical. The next support area will be 50-55
2006-09-17 17:32:07 · answer #7 · answered by Hoa N 6 · 0⤊ 0⤋
Yes, I think it'll fall a little further. After that, we'll see how well support holds up!
2006-09-17 12:52:08 · answer #8 · answered by Yada Yada Yada 7 · 0⤊ 0⤋
Yes , i really think so.. today is 63 and opec is announcing to reduce production.. it should hovor around 60
2006-09-17 14:07:19 · answer #9 · answered by myshop258 l 2 · 0⤊ 0⤋
As long as G. W. keeps his mouth shut and doesn't over-commit us to the middle east.
2006-09-18 06:40:07 · answer #10 · answered by ajherden 3 · 0⤊ 0⤋