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Author Topic: What's in $77 oil? Back to Topics
PD

Moderator
Message Posted: Dec 3, 2009 1:30:21 PM

Disclaimer: this post is completely based on my opinion.

While I could jokingly say $76 dollars of today's oil price of $77 is speculation, that wouldn't be quite accurate. No one knows- myself included- what that value may be. However, I'll try to break down the influences behind $77 oil. It would be difficult for me to endorse today's prices as being legitimate, but perhaps I can help you understand what is pressuring oil prices higher, and what is pressuring oil prices lower.


Real issues that have pressured oil prices higher in the last few weeks have included geopolitical concerns (most notably Iran and their nuclear ambitions), (READ MORE!) a strong Euro, and a weak Dollar, to name a few. Factors not proven that...

Visit GasBuddy Blog for full article
REPLIES (newest first) Post a Reply
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4BigBob
Champion Author Madison

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Message Posted: Jan 27, 2013 9:14:21 AM

The same exact thing that was in $25 oil!
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99dakota
Champion Author Providence

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Message Posted: Jan 27, 2013 6:21:24 AM

The same exact thing that was in $25 oil!
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DoggII
Veteran Author Omaha

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Message Posted: Jan 21, 2013 11:24:06 AM

A lot of greed.
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rickfro
All-Star Author San Diego

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Message Posted: Jan 21, 2013 1:50:23 AM

We need to stop buying oil on speculation.
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Vette1967
Champion Author Albany

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Message Posted: Jan 21, 2013 12:55:54 AM

I'm glad I don't drive as much.
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CIWS
Champion Author London

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Message Posted: Jan 18, 2013 4:54:33 PM

We control nothing.
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mfgendron
Champion Author New York

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Message Posted: Jan 17, 2013 12:54:44 AM

We are still being ripped off by oil companies. Enough already.
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GasPriceHelp4u
Champion Author Dayton

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Message Posted: Jan 13, 2013 4:50:43 PM

No reason for oil prices to be so high for the supplies are so plenty!!!
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lesandliz
Sophomore Author New Orleans

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Message Posted: Jan 13, 2013 12:20:18 PM

Let's get back to the 60's prices & full service stations when anyone who wanted a job could get one.
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Mr1lung
Champion Author Phoenix

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Message Posted: Jan 10, 2013 10:37:22 AM

Ok?
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johnwinger
Champion Author Twin Cities

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Message Posted: Jan 10, 2013 9:31:54 AM

oil
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prassu2012
Champion Author Illinois

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Message Posted: Jan 6, 2013 11:45:51 PM

really too hard
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mabrams184
Champion Author Lexington

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Message Posted: Jan 3, 2013 9:26:02 PM

Ass low as it can go.
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BMWer
Champion Author Calgary

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Message Posted: Jan 2, 2013 9:50:34 AM

As we've seen...if the oil price drops...that does not always translate to a drop in the price of gas or diesel.
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Vette1967
Champion Author Albany

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Message Posted: Jan 2, 2013 1:49:34 AM

I'd like to see $2.00 per gallon gasoline too.
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lesandliz
Sophomore Author New Orleans

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Message Posted: Jan 1, 2013 9:24:36 PM

$77 I would love to se it at $77
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Gas4Gore
Champion Author Detroit

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Message Posted: Dec 16, 2012 11:16:25 PM

Huummmmm.
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Donatelo
Champion Author Dayton

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Message Posted: Dec 14, 2012 4:22:16 PM

innovation will come and get us off oil, in a hundred years.
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txrojo2005
Champion Author Austin

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Message Posted: Dec 13, 2012 2:41:09 PM

ok
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txrojo2005
Champion Author Austin

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Message Posted: Dec 12, 2012 11:09:05 AM

ok
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CapriceWagon
Champion Author Washington

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Message Posted: Dec 12, 2012 9:36:28 AM

This is wicked old
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sexylady516
All-Star Author Gary

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Message Posted: Dec 11, 2012 7:21:23 PM

My $3.33 for every gallon of gas
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Donatelo
Champion Author Dayton

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Message Posted: Oct 9, 2012 10:32:31 AM

ok
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99dakota
Champion Author Providence

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Message Posted: Oct 9, 2012 5:33:58 AM

old story
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Donatelo
Champion Author Dayton

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Message Posted: Oct 8, 2012 2:37:25 PM

k
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Derry30
Sophomore Author New Hampshire

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Message Posted: Dec 22, 2009 4:31:06 PM

Hey didn't I just read this one?
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OHMS
Champion Author Orange County

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Message Posted: Dec 21, 2009 2:57:08 PM

lots of prophets.
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lilredbug73
Champion Author Louisiana

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Message Posted: Dec 8, 2009 8:34:46 AM

down to almost $73 overnight. Still way too high
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ENORMS
Champion Author Colorado

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Message Posted: Dec 7, 2009 8:35:50 PM

57 dollars of greed to say the least.
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Martinman
Champion Author Mississippi

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Message Posted: Dec 7, 2009 8:21:57 AM

If this is based entirely upon "opinion", it does NOT qualify as "news", and thus DOES NOT BELONG IN THE RECENT NEWS FORUM, according to this website's submission guidelines.
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BEngr
Champion Author Illinois

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Message Posted: Dec 5, 2009 2:24:29 PM

I think I made a comment on this the other day.
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JoeKR
Champion Author New Jersey

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Message Posted: Dec 5, 2009 1:22:58 PM

A possible U.S. economic recovery, a possible recovery in jobs, and a possible recovery in oil demand may account for future prices of gas at the pump but have no bearing on that price today.
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14of45SSR
Champion Author Saskatchewan

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Message Posted: Dec 5, 2009 1:18:12 PM

This one sounds familiar too! Wasn't this one here yesterday?
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Joeski1
Champion Author New Jersey

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Message Posted: Dec 5, 2009 1:10:15 PM

time for a new article.
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BM4225
Champion Author Atlanta

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Message Posted: Dec 5, 2009 1:08:01 PM

Now if I could only figure how to make a profit on this, I could retire. Then again I would have to watch how much I make, for the Dem's would find a way to tax me into the poor house.
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ironbox_sara
Champion Author Albany

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Message Posted: Dec 5, 2009 1:07:06 PM

Save your gas bag we're getting screwed.
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BNSF733
Champion Author Chicago

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Message Posted: Dec 5, 2009 1:05:10 PM

Was this article here before?
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mmene
Champion Author Houston

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Message Posted: Dec 5, 2009 12:47:08 PM

Seems like most articles on speculation focus on when speculation increases prices. No one asks when oil was at $30 last year how much speculation had dropped the price below its true price. Truth is that speculation can make prices swing away from its natural price - in either direction. A speculator can make money on prices going either up or down.
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72_Monte
Champion Author Twin Cities

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Message Posted: Dec 5, 2009 12:46:52 PM

What say we get back to posting NEWS here? Hmmm, Patrick??

Create another front page section for these blog postings.
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PrepHermit
Champion Author New Jersey

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Message Posted: Dec 5, 2009 12:46:46 PM

While the explanation is nice, it doesn't make me any happier.
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AcuraTSX
Champion Author Ohio

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Message Posted: Dec 5, 2009 12:41:08 PM

How do you define profit vs greed?
Or would some have us believe all profit is greed?
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us412
Champion Author Arkansas

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Message Posted: Dec 5, 2009 12:40:38 PM

Like you said, one man's opinion. Make that two.
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nimpy
Champion Author Indianapolis

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Message Posted: Dec 5, 2009 12:36:35 PM

This was posted yesterday
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hatterasjack
Champion Author South Carolina

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Message Posted: Dec 5, 2009 12:34:30 PM

Hey didn't I just read this one?
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HailstormCA
Champion Author San Diego

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Message Posted: Dec 5, 2009 12:28:22 PM

Say story, different day.
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arnerator
Champion Author Seattle

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Message Posted: Dec 5, 2009 12:28:13 PM

No surprises there. We are paying for speculation and manipulation.
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Lengas
Champion Author Gary

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Message Posted: Dec 5, 2009 12:27:03 PM

Old speculation
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mazdaboy
Champion Author Portland

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Message Posted: Dec 5, 2009 12:25:14 PM

More like $76.9 dollars is speculation.
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DarthDadJr
Champion Author Virginia

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Message Posted: Dec 5, 2009 12:22:29 PM

All this talk about what is a "fair price" is bogus -- None of us know what the true cost of production is. True, some of the price has been affected by speculation, but greed -- come on, greed is integral part of capitalism.
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headhog
Champion Author Indiana

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Message Posted: Dec 5, 2009 12:22:20 PM

BAsic economics says that the accurate price is the price at which the seller sells and the buyer buys.
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