do you think that oil prices can return to below 50 dollars?
463811
Why not. Just ask Bush to withdraw troops from Iraq.Restore peace .Stop intimidating Iran automatically oil prices will go down to touch below 50. Bush is responsible of all miseries world is facing.
941324
I think the energy market is tired right now, but long-term I can't think of any better place to put your money.  Look at the facts:  already we have to go to the harshest environments to get our oil (like the Gulf of Mexico, the North Sea, and Sakhalin Island).  I don't see any way that we can escape our dependence on oil (although I like all of the boifuels companies).  And finally, some of the world's most important oil fields are very old and their production is declining.\n\nHere is a link on the state of Ghawar, the world's biggest and most import oil field, in Saudi Arabia:\n\nhttp://www.top10traders.com/ViewPost.aspx?postID=78\n\nI would strongly recommend any of the oil service companies, like Nabors (NBR) or Grey Wolf (GW) as good long term investments.\n\nHere is a link to a portfolio from a user called "oil_investor":\n\nhttp://www.top10traders.com/ViewPortfolio.aspx?userID=8\n\nThis portfolio is from http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money.  Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors.  You can also read posts on investing from the best traders, as well as share your own investing ideas.\n\nHere are this month's best traders:\n\nhttp://www.top10traders.com/Top10Standings.aspx\n\nGood luck!
434511
This is just another urban legend floating around.\n\nBoycotting Exxon isn't going to work to bring down prices.  If everyone stopped buying from Exxon and used the other providers, then the other providers would run out of gas pretty quickly due to supply and demand chain effects.  What would happen is that they would buy their gas from Exxon and overall all prices would go up, not down.\n\nFull mythbuster at Snopes.\n\nhttp://www.snopes.com/politics/gasoline/gasout.asp\n\nTo lower gas prices, you have to lower demand, which includes things like carpooling, public transportation, alternative sources of energy, and better milage vehicles.
221912
I would assume they could set the price for oil that they produce at a higher OPEC level, since they would not have to deal with an open market that would drive the price down. But the disadvatage would be that they might not be able to sell as much oil, due to OPEC market restrictions...
85461
I think we will eventually.  For a few reasons:\n1) There finally seems to be enough momentum and interest on the part of consumers for vehicles that consume less gas.  Its no longer a "fringe thing" or a hobby or a "tree hugger" thing.  Every day people are fed up with high gas prices and our dependence on less friendly nations.  The more demand there is from consumers, the more incentive manufacturers will have to make such vehicles.\n2) Gas prices are not coming down significantly anytime soon.  There was a bit on 60 Minutes a few weeks ago where Texas Billionaire investor T. Boone Pickens was discussing investments he was making in Canadian Oil Sands.  He said "We'll never see $1.50 gas again."  I agree.  With the surging demand from countries that are just starting out in their economic growth cycles (India and China), the demand for all petroleum based products is only going to get worse.  This will further push up world oil prices and further infuriate already frustrated consumers of gas.\n3) On the innovation front, Venture Capital firms and others with money to invest are looking for the "next big thing".  The Internet was the fad of the 90's.  Now, looking for a new wave to catch, I'd say a significant amount of money is going into startups looking at ways to reduce our dependence on petroleum.  This could include investments in Fuel Cells, Hydrogen Technologies, Solar Technologies, BioDiesel, etc.  Innovations that come out of these investment efforts should, hopefully, yield some technologies that help the US (and world) consumers break their addiction to oil.
607862
Not in the near future.  It will continue to decrease for the forseeable future.  A decreasing US dollar will help our exports and support the US economy.
595280
My economic knowledge tells me that I hope it goes up up up. My company pays for my gas, and as a resident of Alberta, Canada I stand to share in the wealth that the province brings in from oil revenue royalties. My family got a check for $1600 this last time, but with the current (and rising) oil prices the next one could be much higher. \n\nMaybe people will stop buying stupid SUVs too. I just bought a Honda Civic and it gets great milage. \n\nIf the USA continues to try and clense the world of anti-western democracy govenments (Iran, N. Korea etc.) this trend will continue. If faith in the US dollar doesn't improve, people will continue to invest in commodities like Gold, Silver, and Oil, thus driving the prices up.
84095
We'll spend $6 or $7 a gallon for gas because:\n\n- We're willing to.\n- Supply and Demand will dictate that price or higher.\n\nI saw a segment on 60 Minutes a couple weeks ago about huge reserves of oil in Canada. The reserves reside within soil.
368868
I seriously  doubt that will happen but just adding the oil into the market will bring prices down,but the American military hands are once again tied thanks to American liberal media looking for any excuse to accuse military of anything so called illegal in the eyes of the liberal world and in turn attach it to bush to try and bring him down.meaning military can not do its job and do what it was meant to do(kill,destroy,teach a lesson and make what their boots stand on American)
456895
Not now, wait for it to go down to $62 or so.
1056073
It is a real concern, but whenever someone makes a prediction about when a country of the world will reach peak oil output, they do so with what then is considered a researve.  As the cost of a barrel of oil increases, sources for oil that were once not considered a researve then become on because at that cost it is economically viable to recover it.  With the recent spike in oil prices, North America can now clasify the tar sands in Canada and the oil shales in Colorado oil researves, and that being the case, it is estimated that in the US alone, we now have more economically recoverable oil then Saudi Arabia, the worlds largest exporter.  As the price continues to increase, other marginal sources will become economically viable.  Sooner or later, we will reach a point where there simply isn't enough oil available for any price, but that is still a ways off yet.  I believe that before we reach that point, oil will be more expensive then alternate fuel sources.  Through simple economics, I believe that people will begin using these alternate fuels simply because they are less expensive.  I believe that the high cost of oil will spawn invention and inovation into the energy sector, and I believe that has already begun.  We are working on increasing production of biodiesels and ethenol, and there is increased research into fuel cells and electric autos.  I think the future lies in hydrogen burning technology personally.  We already have engines that burn Hydrogen, but we're still working on the fuel tank dilema.  So, for a long answer, I believe that there is and will be time. I'm looking foward to being put out of buisiness.
332984
Hmmm...Not really sure.\n\nI know that the "price freeze", if instituted by the government, would only apply to the actual sale of gas.  The price of oil COULD continue to rise (the foreign stuff (a LOT)), which would mean less of a profit for the oil companies, who buy the oil & refine it into gasoline.\n\nI can't exactly aswer your question, but a price freeze may not help.
819806
The price went up for us but the cost of crude remained the same.  Today crude costs went down.  Will lower prices follow?  Something smells around here.
409202
no, the more we war with the middle east, the higher prices are gonna go. south america is laughing because they arent gonna sell to us either. we are alienating ourselves. by this, we'll choke off any oil contacts & grind our production, tranportation & economy to a halt. uk isnt gonna back us anymore, we lost any european alies with the last iraq campaign, the saudis have other customers & dont necesarilly need us & irael has always sabbotaged usa, obviously not our friend. we have 20 years of oil at best here at home. china & russia wont buddy up. who do we have left. we're wedging ourselves into a position of having to attack & steal. yeh, the global economy will change in the near future, for the worst.
463011
No, profits are the American way. I doubt you were even born when the oil companies were struggling back in the mid-seventies and early eighties. Aquisitions and mergers have made them some of the strongest American companies.\nThere are now more known oil reserves world wide than ever before. There is also more demand than ever before. Hence oil is over $72 per barrel. We could get all we need from the Canadian oil sand deposits and it would be cheap. But it is being shipped around the world.\nFigure that
877565
What, isn't it just coincidence that it dropped almost a dollar in the three months before the election, and has climbed 20cents or more since the election?\n\nYou think politics might have motivated the oil companies to make people less displeased with the government, on the chance that would help their buddies who are incumbents keep their jobs?\n\nPerish the thought.
30554
No oil prices won't drop and the oil companies will continue making huge profits. Bush has interests in oil companies thats why the prices began climbing, the day he came into office. Katrina was a legit excuse for raising prices so oil companies won't let go of this excuse.