tag:blogger.com,1999:blog-5235419263414453422.post7734043888304693525..comments2024-02-23T01:30:06.101-08:00Comments on Early Warning: Oil/Gas PricesStuart Stanifordhttp://www.blogger.com/profile/07182839827506265860noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-5235419263414453422.post-9150710015357950232011-08-11T07:42:53.679-07:002011-08-11T07:42:53.679-07:00Stuart, Your chart shows that the rule of thumb I ...Stuart, Your chart shows that the rule of thumb I have used for a while is not far off the mark:<br />Retail Gas Price (gal) = 1/42 X Oil Price (brl) + $1.Exhausted_Aukhttps://www.blogger.com/profile/16724847867511724067noreply@blogger.comtag:blogger.com,1999:blog-5235419263414453422.post-24341353235577333122011-08-10T17:05:29.835-07:002011-08-10T17:05:29.835-07:00I think we end up with big problems if the price o...I think we end up with big problems if the price of oil continues to drop.<br /><br />In view of the unrest in the ME KSA has increased its social spending. I cannot locate the source data (I think it came from a TOD post) if the price drops much below $70 a bbl then the Saudi economy gets squeezed. That may provoke further unrest in the region and disrupt supplies.<br /><br />$70 a bbl oil will also delay tar sands projects as this is close to the threshold price for SAGD projects.<br /><br />So a low oil price results in increased near term demand but creates a future supply choke point that will drive the price higher.BOPhttps://www.blogger.com/profile/08397257436471166836noreply@blogger.comtag:blogger.com,1999:blog-5235419263414453422.post-45840209922792948232011-08-09T14:12:02.452-07:002011-08-09T14:12:02.452-07:00Prices will go down anywhere between to 10-40 doll...Prices will go down anywhere between to 10-40 dollars per barrel - and global oil production with it...Alexander Achttps://www.blogger.com/profile/16845172528191878930noreply@blogger.comtag:blogger.com,1999:blog-5235419263414453422.post-23376044584357848632011-08-09T13:42:08.122-07:002011-08-09T13:42:08.122-07:00Nymex crude closed at $79.30...Nymex crude closed at $79.30...Stuart Stanifordhttps://www.blogger.com/profile/07182839827506265860noreply@blogger.comtag:blogger.com,1999:blog-5235419263414453422.post-69166091593490141692011-08-09T09:45:28.530-07:002011-08-09T09:45:28.530-07:00Back up to $82.34, or $82.02 according to thestree...Back up to $82.34, or $82.02 according to thestreet.com. $104.20/bbl for Brent. Feds meet and the world rejoices. No riot premium, it seems.KLRhttps://www.blogger.com/profile/00691172491186270514noreply@blogger.com