Bank projects oil will hit $150 by year's end

maxdemo · Feb 28, 2008

Bank projects oil will hit $150 by year's end

ABU DHABI — The price of crude oil was expected to skyrocket to $150 per barrels over the next few months.
An analysis by Saxo Bank said the price of oil would continue to rise sharply in 2008. The analysis said inflation as well as growing demand would fuel the rise in global prices.

Saxo, the specialized investment bank headquartered in Denmark, said gold would hit $1,000 per ounce as the price of all precious commodities would rise. The analysis linked the movement of oil and gold.

X-Files · Feb 28, 2008

$150...is a wet dream

:missingte

Doug · Feb 28, 2008

not much of a stretch on Gold, since it is about $960 now.

$150 oil would be very bad.

maxdemo · Feb 28, 2008

get ready for $4.00 a gallon gas by summer in some parts of the USA

fhmesq44 · Feb 28, 2008

maxdemo said:
get ready for $4.00 a gallon gas by summer in some parts of the USA

I paid $3.65 the other day

Whoson1st · Feb 28, 2008

What's silver doing ? Have a lot of old silver dollars been saving for a rainy day, which may come quicker than I thought.

MIMS · Feb 28, 2008

Ugh, 18-24 months ago I scoffed at $100 oil in the short term, so who knows these days

Doug · Feb 28, 2008

Whoson1st said:
What's silver doing ? Have a lot of old silver dollars been saving for a rainy day, which may come quicker than I thought.

Silver near $20 an ounce. Silver dollars trade higher than melt.

<table border="0" cellpadding="0" cellspacing="0"><tbody><tr><td colspan="3" valign="top">[FONT=Verdana, Helvetica]Silver Coin Melt Value Calculation[/FONT]
[FONT=Verdana, Helvetica]Submitted at 13:03:37 CST on February 28, 2008.[/FONT]

</td> <td rowspan="6">

</td></tr><tr><td colspan="3">[FONT=Verdana, Helvetica]Values Entered:

[/FONT]</td></tr><tr><td>[FONT=Verdana, Helvetica]Quantity:[/FONT]</td><td>[FONT=Verdana, He<br>lvetica]100[/FONT]</td></tr><tr><td>[FONT=Verdana, Helvetica]Coin Type:[/FONT]</td><td>[FONT=Verdana, Helvetica]1921-1935 Peace Dollar[/FONT]</td></tr><tr><td>[FONT=Verdana, Helvetica]Silver Price: [/FONT]</td><td>[FONT=Verdana, Helvetica]$19.64 / troy ounce[/FONT]</td></tr><tr><td colspan="3">
</td></tr></tbody></table>
[FONT=Verdana, Helvetica]Answer:

[FONT=Verdana, Helvetica]Total silver value is $1519.06.

[/FONT][/FONT]

Brock Landers · Feb 28, 2008

Silver and Gold are NOT at all time highs when you factor in Inflation, Neither is the price of gas at the pump, that was in 1980/81.

though we are getting close..

Doug · Feb 28, 2008

Silver isn't close, it was near $50 circa 1980. It is much higher than it has been anytime since 1980. It was around $6-8 for a long time.

Budworth22 · Feb 28, 2008

Doug said:
Silver isn't close, it was near $50 circa 1980. It is much higher than it has been anytime since 1980. It was around $6-8 for a long time.

Might be a pullback at some point.

Doug · Feb 28, 2008

Budworth22 said:
Might be a pullback at some point.

perhaps. There is a lot of it around that people will part with for a high price, as 1980 showed. Most all of it ever mined is around in some form of coinage,jewelry,silverware,etc.

It used to get consumed in photographic uses.

PokerKingJim · Feb 28, 2008

Gas prices are going to continue to rise. There's no end in sight. We'll yearn for the good ole days when it was $3 a gallon

Whoson1st · Feb 28, 2008

Doug said:
Silver near $20 an ounce. Silver dollars trade higher than melt.

<table border="0" cellpadding="0" cellspacing="0"><tbody><tr><td colspan="3" valign="top">[FONT=Verdana, Helvetica]Silver Coin Melt Value Calculation[/FONT]
[FONT=Verdana, Helvetica]Submitted at 13:03:37 CST on February 28, 2008.[/FONT]

</td> <td rowspan="6"> </td></tr><tr><td colspan="3">[FONT=Verdana, Helvetica]Values Entered:

[/FONT]</td></tr><tr><td>[FONT=Verdana, Helvetica]Quantity:[/FONT]</td><td>[FONT=Verdana, He<br>lvetica]100[/FONT]</td></tr><tr><td>[FONT=Verdana, Helvetica]Coin Type:[/FONT]</td><td>[FONT=Verdana, Helvetica]1921-1935 Peace Dollar[/FONT]</td></tr><tr><td>[FONT=Verdana, Helvetica]Silver Price: [/FONT]</td><td>[FONT=Verdana, Helvetica]$19.64 / troy ounce[/FONT]</td></tr><tr><td colspan="3">
</td></tr></tbody></table>
[FONT=Verdana, Helvetica]Answer:

[FONT=Verdana, Helvetica]Total silver value is $1519.06.

[/FONT][/FONT]

Most of mine are Eisenhower Uncirculated 1971. Still in the plastic covering from the mint. (Received as Gifts) Are they worth less than the Peace Dollars, of which i have some also and older ones. Pretty coins.

Doug · Feb 28, 2008

They would have to carry the S mintmark to be 40% silver, about $6 melt value, possibly worth a bit beyond that if exceptionally attractive gem examples, but they all are uncirculated or proof, so they have to extra nice.

They are actually not that rare.

http://www.pcgs.com/prices/PriceGuideDetail.aspx?c=31

Brock Landers · Feb 28, 2008

Is Bush for real?!

Analysts have said that gasoline could reach $4 a gallon by this spring, due to strong demand and a change in formulation, among other reasons.
When taking the question about the $4 milestone, Bush told the reporter, "That's interesting. I hadn't heard that."
In other areas of energy policy, the president repeated his support for both renewable sources and conservation.
Bush also criticized Congress, which is considering an $18 billion tax increase for large oil companies.
"All that's going to do is make the price even higher," he said. "We ought to be encouraging investment in oil and gas close to home if we're trying to mitigate the problems we face."

Woody0 · Feb 28, 2008

Brock Landers said:
Bush...said. "We ought to be encouraging investment in oil and gas close to home if we're trying to mitigate the problems we face."

Totally wrong approach. need to be encouraging new technology e.g.

http://www.firstsolar.com/

Brock Landers · Feb 28, 2008

Woody0 said:
Totally wrong approach. need to be encouraging new technology e.g.

http://www.firstsolar.com/

i don't think this fool has had a right approac on ANYTHING, his administration has been a comedy of errors.

Whoson1st · Feb 28, 2008

No Multi-Millionaire (Of which I guess all candidates are) relate to "Joe Public"?
Answer--They can't. Bush another poor little Rich kid! What was his comment about Kenneth Lay of Enron--""poor old Kenny boy" or something close to that!

MIMS · Feb 28, 2008

Whoson1st said:
No Multi-Millionaire (Of which I guess all candidates are) relate to "Joe Public"?
Answer--They can't. Bush another poor little Rich kid! What was his comment about Kenneth Lay of Enron--""poor old Kenny boy" or something close to that!

Who?

Bank projects oil will hit $150 by year's end

And if the Road Warrior says it, it must be true..

fbi

Rx God

And if the Road Warrior says it, it must be true..

Woah, woah, Daddy's wrong, Mommy's right.

New member

Timetoplay (by the rules)

Rx God

Cui servire est regnare

Rx God

Back from the Ban

Rx God

Respect My Steez

New member

Rx God

Cui servire est regnare

New member

Cui servire est regnare

New member

Timetoplay (by the rules)

Forum statistics

Share this page