SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Augustus Gloop who wrote (16334)12/12/2014 11:45:00 PM
From: Davy Crockett1 Recommendation

Recommended By
Hawkmoon

  Respond to of 33421
 
... just a wild guess... looking at the charts... methinks $30.00 US.

Two problems
- not enough demand

- too much supply

= fracking and lack of demand in China and everywhere else has completely changed the picture.

I'm glad that the oil sheiks are no longer in control

Regards,
Davy

edit:
Unfortunately the US and everyone else is importing the scariest scenario = DEFLATION

Where's Helicopter Ben? Gone when we need him most. At least he had some ideas... did some research into the Great Depression.

Say what you will about Ben...

I don't think Janet Yellen is up to the job...

Another freakin' academic... just we need



To: Augustus Gloop who wrote (16334)12/13/2014 3:00:56 PM
From: Hawkmoon1 Recommendation

Recommended By
Davy Crockett

  Read Replies (1) | Respond to of 33421
 
I saw a report the other day saying that the BTU equivalent of NatGas to a Barrel of Oil is around $23/bbl..

They cited this as one reason that oil prices are critically overvalued (at least in the US)..

More and more trucking fleets are seeing the value in switching over to CNG..

Hawk