Oil to Plunge Below $25 Next Year, Merrill Lynch Says

Discussion in 'News / Current Events' started by Revmitchell, Dec 5, 2008.

  1. Revmitchell

    Revmitchell
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    Crude oil prices may crash below $25 a barrel next year and gas prices could fall below $1 a gallon if the global recession spreads to China, an energy analyst and CEO said Thursday.


    More Here
     
  2. rbell

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    I'm skeptical of all forecasts. I remember in August hearing doom and gloom--some said $200 per barrel; I remember one guy saying $500.

    Having said that...if these (OP) were right, it would be good stuff!
     
  3. Revmitchell

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    This is based on whether or not Chine continues to reduce its oil consumption.
     
  4. webdog

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    I wouldn't be sad.
     
  5. just-want-peace

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    With all the prognosis', good and/or bad, just remember who is the real power behind the "mover's & shakers"!

    Prov. 21:1 (NIV) The king's heart is in the hand of the LORD;
    he directs it like a watercourse wherever he pleases.
     
  6. windcatcher

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    Please look at this video.....about 10 mins each.
    Note: it was posted on UTube July 11, 2008......
    When gas was about $4 /gal.

    http://www.youtube.com/watch?v=bILuDBp5528&feature=related this is intro.....skip to next if limited by time.
    http://www.youtube.com/watch?v=8f8b3AGHyfo&feature=related
    http://www.youtube.com/watch?v=7wHa3S_AqYY&feature=related
    http://www.youtube.com/watch?v=LyFm4MJBEsA&feature=related
    http://www.youtube.com/watch?v=fsGxArCZ4S4&feature=related

    One thing he is wrong about is the winner of the election and he doesn't represent that he is a prophet....only that he tells what he was told by insiders: [I think here about Balam....so the Christian should be cautious about receiving as fact, any 'message' delivered as a futurist plan...... regardless of the sincerity.] But, if one follows how the chief players in business and politics started rolling over in endorsements in the summer and fall..... then it was almost as obvious to me as the nose on my face who the makers and shakers of political power planned to elect.

    This same person, on a recent broadcast, has made a statement that those who can afford to travel to visit loved ones should take advantage of this opportunity now: Between the probablity of the continued crash to the economy, food shortage, natural and man-made disasters..... and the advice given him by 'insider' information... he firmly believes that this time next year... it will make little difference how low prices go on gas or products..... people will find it hard to come up with the cash for living.


    [off topic]
    I'm already sharpening my hoe and greasing it for gardening this spring: The few chickens I raised from day old chicks, were killed by a stray dog on election day....but I plan on trying another brood, if i get a chance at some more...this time put into place a better premises protection system. It takes about 5 months before they come into egg production. Any stray in the future will face the 410 shotgun with game shot. To heck with the animal cruelty laws which protect a dog against the food for myself and neighbors! (Yes.... I'd already given away more dozens of eggs than I had as singles on my table!) Also, just purchased a pressure canner for home food storage......... could not find 'made in USA'...... had to settle for 'made in China'. Hope it holds up! God bless.
     
    #6 windcatcher, Dec 5, 2008
    Last edited by a moderator: Dec 5, 2008
  7. targus

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    Hope it's not made from lead!
     
  8. convicted1

    convicted1
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    Date of this post: 12/5/08; poster now "banned".

    Price of oil hasn't gotten below $41.00, or I think that's about as low as it has gotten........bad prognosticators, if you ask me. sheesh!
     
  9. mandym

    mandym
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    Why was this important?
     
  10. billwald

    billwald
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    All you pure capitalism free market Republicans should short oil and get rich. Then you will have the last laugh - at least at me.
     

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