Archived material Access restricted Article
Rantburg

Today's Front Page   View All of Wed 05/27/2009 View Tue 05/26/2009 View Mon 05/25/2009 View Sun 05/24/2009 View Sat 05/23/2009 View Fri 05/22/2009 View Thu 05/21/2009
1
2009-05-27 Arabia
Saudi king sees fair oil price at $75-80: report
Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.
Posted by Fred 2009-05-27 00:00|| || Front Page|| [1 views ]  Top

#1 Fair to who?
Posted by Richard of Oregon 2009-05-27 00:23||   2009-05-27 00:23|| Front Page Top

#2 Him, of course.
Posted by Redneck Jim 2009-05-27 04:58||   2009-05-27 04:58|| Front Page Top

#3 While last year's bubble was largely speculation which collapsed when the big banks also collapsed and the invisible hand of the market did its own margin call in the absence of government regulators, this time around I think we're seeing money finding its haven in commodities. Too much is being held because no one is going back big time into stocks and bonds when the American government nationalizes the assets and then uses it as rewards for its political backers. However, the money can't just sit either, so its being pumped into something that will still have demand and the Chinese don't look like they're going on a oil diet anytime soon.
Posted by Procopius2k 2009-05-27 07:40||   2009-05-27 07:40|| Front Page Top

#4 Well, maybe another bow will lower that estimate.
Posted by Kelly 2009-05-27 14:05||   2009-05-27 14:05|| Front Page Top

#5 The energy minister for Qatar had a different opinion in April. His reasoning seemed reasonable to me.
Posted by Seafarious 2009-05-27 14:21||   2009-05-27 14:21|| Front Page Top

#6 Over the next few years (5, 10, 20?) oil prices will almost certainly increase faster than inflation. The supply is finite, and given enough time, the demand is not. Two problems: 1) You have to own the oil, not oil companies or leases or whatever - where would you keep it? 2) If the prices go up too much the governments of the world will either confiscate your oil or define what your 'fair' profit is (no doubt it will be less than inflation.)
Posted by Glenmore 2009-05-27 20:54||   2009-05-27 20:54|| Front Page Top

23:54 Albemarle Jese4554
23:46 3dc
23:41 Aussie Mike
23:34 bgrebel
23:18 alec
23:07 CrazyFool
23:06 CrazyFool
22:45 Cornsilk Blondie
22:41 Cornsilk Blondie
22:38 Redneck Jim
22:35 Redneck Jim
22:28 Frank G
22:18 Deacon Blues
22:06 Frank G
22:05 Frank G
21:58 Redneck Jim
21:42 newc
21:40 DarthVader
21:38 Glenmore
21:30 Eric Jablow
21:27 Whiskey Mike
21:24 JosephMendiola
21:22 Frank G
21:19 Enver Pheger7551









Paypal:
Google
Search WWW Search rantburg.com