Will oil really hit $200?

January 7, 2008
Back to TopCommentsE-mailPrintBookmark and Share
Bloomberg carried a story today saying some of the hottest oil investments are options on the New York Mercantile Exchange to buy oil for $200 a barrel. Presumably at least some investors think oil prices are going to double.

Weâ??ve already seen oil prices nearly double in just the past year.

Are these investors crazy, or are they crazy like a fox? Which direction do you think prices will go?

Read the story.
ADVERTISEMENT
  • Norm,
    Oil is a limited resourse that has been in high demand for decades. One day it will run out and I'm guessing one day $300 a barrel could be an average price.

    dwf
  • These Wall Street futures traders need a reality check. This is plain and simple a form of intellectual terrorism, all just to support the greed of a select few.

    Someone sneezes too hard in Nigeria and futures prices instantly shoot up in New York.
    Makes me sick. There's a 'good ol boys club' in New York that needs to be prosecuted for price fixing, using scare tactics and other nonsense to inflate prices to absurd levels.

    This isn't a real market, it is and has been artificial for quite some time now.

Post a comment to this blog

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT
ADVERTISEMENT