New Oil Shock Ahead As $100 Spike Looms

[beltman713]

If prices spike to over $100 a barrel, what makes them think they prices would then quickly fall to between $30 and $50 a barrel, lower than the $72 a barrel that it is now?

[Gold9472]

If prices spike to over $100 a barrel, what makes them think they prices would then quickly fall to between $30 and $50 a barrel, lower than the $72 a barrel that it is now?

You mean... who's to say that after the summer, $100 a barrel will go back down to where it should be?

[somebigguy]

I don't know but my oil stocks will be through the roof!!

Enjoy your SUVs putzes!!!

Or, maybe consider getting Smart .

[beltman713]

You mean... who's to say that after the summer, $100 a barrel will go back down to where it should be?

Exactly. It's $72 a barrel now, without an attack on Iran. Also, what if they totally cut off their oil to us? This article was using a partial cut off as their scenario, weren't they?

[Gold9472]

Exactly. It's $72 a barrel now, without an attack on Iran. Also, what if they totally cut off their oil to us? This article was using a partial cut off as their scenario, weren't they?

"Sieminski argues that with the world consuming some 85 million barrels of oil a day, a supply disruption of 2 million barrels a day (60 per cent of Iran's exports) 'can only be rebalanced through an extraordinary rise in prices.'"