The Oil Price: It went up today!

Some were saying today it is the end of cheap oil and it’s about skyrocket again.

Oh, that's too bad. Can we start blaming Obama again?

US oil workers on largest national strike since 1980.

Best fill up quick I think.

Ah, see, there you go. Everyone knows Obama has the Unions backs so it must be his fault! Thanks for pointing that out.

SA will try to destroy fracking ..if they do ..$4 is back.

http://www.themagiccafe.com/forums/viewt......forum=32

The Big boys have bet trillions on fracking and we all want to hope that it wins. If the milk turns out to be sour, they ain't the kind of pussy to drink it.

Exactly, Magnus. Who cares if we have to rape the planet to keep profits high?

Not Obama.

“After years of talking about it, we are finally poised to control our own energy future. We produce more oil at home than we have in 15 years.“

I hope so. I bought a ton of it.

“But most importantly there is no sign of Opec, or its de facto leader Saudi Arabia, changing policy and lowering its production target of 30m barrels a day. Indeed, Mr Badri said last week that Opec was “not the cause” of the supply glut “so we are not cutting”. Say the Financial Times.

The FT anyway do not seem to think the price is sure to go up yet.

http://www.ft.com/cms/s/0/11740c8e-aab8-......QfshtrOO

Funny, everyone blamed Bush and Cheney when they were in office since they were "Big Oil Guys".

OPEC sees oil prices exploding to $200 a barrel

Right now the oil market is totally focused on finding a bottom for oil prices. However, according to OPEC's Secretary-General Abdulla al-Badri we've already hit bottom. Not only that, but he sees a real possibility that oil prices could explode higher to upwards of $200 per barrel in the future. He's far from the only one that sees a return of triple-digit oil prices.



http://www.usatoday.com/story/money/2015......2800331/

Well, in that case the president has nothing to do with the price of oil!!!

It is about time. I am sick and tired of paying what gasoline is really worth. I was so conditioned to being gouged.

It's a game ... The same people that control the president control the oil ..isn't that it?

One of the big oil companies today is the Muslim Brotherhood which has been controlled by the CIA since the end of World War II: Through their variously named terrorist groups, they are pumping/stealing oil from the Middle East on a grand scale and we are all buying it. One would expect oil output to decrease in places where the trouble is but to the contrary it goes up. Stolen goods are normally half price come to think of it.

Over the past few months, it has been reported that Saudi Arabia's projected budget calls for a $39 billion deficit in 2015 due to the lowered price of oil.

This is manageable for them, because they have foreign reserves of something like $750 billion. Which makes it seem they can withstand a low oil price for many years.

What has been unreported until recently is that Saudi Arabia's officially reported budget EXCLUDES off-the-book military and foreign policy spending. With THAT included, Saudi Arabia's annual budget shortfall with low oil prices is really more like $140 billion.

Plan and invest accordingly.

[Those curious in learning more about this should start a subscription to any reputable business newspaper of their choice.]

I'll have mine shaken, not stirred:
http://www.latimes.com/local/california/......k#page=1

So far I've made 60% on my initial investment.
I followed Warren Buffet's advice: when others are greedy, be fearful. When others are fearful, be greedy.
So when everyone was fearful and panicking about oil plummeting, I purchased cheap oil stocks. Suncor,,Syncrude, etc. And so far, ive earned 60% on my money.
Thank you, Oracle of Omaha.