Bad News: Crude Oil

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TFWFalcon

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Crude oil is stubborn keep push high price. I expect during Memorial day could hit above three bucks per gallons of gas. <------------That is SUX. :pissed:

Post from my trader platform chart here.
crudeoil.jpg
 
That charts i forget add some. in 2005 hit highest price was 70.XX. As today(April 13th) hit 68.XX see candlestick bar last at right.
already hit 70 this early morning but pull back to 68.
 
TFWFalcon, can you explain what is the line below the red and green range boxes?

I understand the boxes signify the high and low for each period, but what does the line show? A historical average?
 
i know! I heard it will be 3 dollars per gallon for sure and it will RAISE up more than 3 dollars per gallon that make me so MAD! Now im considering about getting a hybird or using ethonel corn to replace the gas.. (? i think i have spell it wrong but u know what im talking about)..
 
No wonder the oil companies got greedy because of posting high profit after the Hurrance Katrina occurred.
 
Endymion said:
TFWFalcon, can you explain what is the line below the red and green range boxes?

I understand the boxes signify the high and low for each period, but what does the line show? A historical average?
Click to expand...

Red is bear
Green is bull
Line is moving average (21days)
 
LisaMarie said:
i know! I heard it will be 3 dollars per gallon for sure and it will RAISE up more than 3 dollars per gallon that make me so MAD! Now im considering about getting a hybird or using ethonel corn to replace the gas.. (? i think i have spell it wrong but u know what im talking about)..
Click to expand...

yeah that one ethonel corn is call E85. Start product in minnesota and will spread out other states in future. I met lady who is work at car dealer that she said 10% growth per year use for E85 gas.

E85 is mixing corn and gas (75%corn and 25% gas)
here link
http://www.e85fuel.com/e85101/faqs/e85.php
 
Crude oil is not an unlimited or renewable resource, though... the less of it, the more money it'll cost... I'm assuming..

I heard that it's $8 per gallon in UK. Want to trade that $3 for $8? ;)

Hm, just playing devil's advocate. :lol:
 
Liza said:
Crude oil is not an unlimited or renewable resource, though... the less of it, the more money it'll cost... I'm assuming..
...
Click to expand...

Yep, that is the case as with any limited resource.

Drat that Reagan had to say (paraphasing) "There is plenty of oil for a long time!" He certainly didn't help the US making that statement! We might have been in a lot better shape now but then again maybe not. Americans can procrastinate with the best of 'em.
 
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