What's your prediction? Where will prices go and when?
11 replies (most recent on top)
It will end with our common people paying the price (higher and higher energy cost) for political/ideological ploy. Justice anyone?
@2xgt Oil is like a stock right now. It goes up for 3-4 days then down for one day. Stocks are doing the inverse.
Heading for some tough times.
Oh well, oil is falling fast starting today, why oh why, my investments! UAE and others started to increase production that soon and then bam, OPEC is happy. So all bets on oil prices below are off the table now.
Puttin takes Ukrainian.
China takes Taiwan
NATO and the US will not do anything or they will start WW3. This would look similar to nukes and China / Russia cutting others off which will cripple the rest of the world more then them. Through this war it will come apparent that the Western Central Bank is not needed and the US will loose all of the power we gained in WW2.
That’s my guess but maybe our president can give them a firm talking to and get them to behave. Wish he would talk to all these criminals in the US and get them to behave.
Joe will be serving Putin's head on a plate for Thanksgiving dinner. Then a barrel of crude will fall 70% to 50 dollars a barrel as the US will be in a brief recession. 2023 will be build back better. Just sayin' my predictions.
Russian citizens will suffer and starve.
Putin will not care.
Renewables finally take root and flourish. We will thence live in peace where the only competition will be who can do better unto his fellow man. Of course the radiation will render most people sterile and zombies will rise and eventually eat everyone. Sigh!
- Russian oil might be diverted to China but it will not be shut off
- Iranian oil will come on additional 3M/d in 4-6 months
- Permian will add likely 1-2 M/d in 6 months
- Venezuela will add at least 1 M/d as sanctions are relaxed
If oil hits $200 sell your grandmas shoes and buy some year end sell options as oil will be tanking by then
Many analysts are predicting about $150 for WTI next week and $200 by end of March. Nobody wins this war, well, with the exception of the oil investors and corporations. Time to buy a lot of energy indices if you haven't yet. And then immediately sell once the war is over, because I am sure, oil price will have a nose dive.
The outcome will be exacetely as the USA and NATO planned, this is what will play over next 24 months:
- Ukraine does not matter, the war and bleeding of Russia is imporant
- Russia will be exausted soon (war + sanctions)
- There will be a popular backlash in Russia, despots removed, democracy stages a comeback
- US and Russia form an alliance to go after China, this will go on for the next 75 years
Expect more of this, we are ready:
The U.S. Department of Energy has approved the twelfth exchange of 2,700,000 barrels of crude oil for release to ExxonMobil from the nation's Strategic Petroleum Reserve, the department said in a statement on Monday.
The move was part of the Biden administration's approval for such releases authorized in November 2021 as part of a larger effort to boost the U.S. fuel supply, it added.