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**dumadegg** · 04-23-2008, 09:20 AM

Analysts seem like they have no idea what is going on. Some think that Crude will go back down and settle to $80 or $90 a barrel, and some think that it will peak at $125/barrel before it drops. Doesn't seem like it though with how fast oil is going up. There is no news on why it is going up, but it was up well over $1 yesterday and well over $2 today so far. US fuel consumption is down, stock is up, no plants or production going offline, no threats,

So the fact that 169,000 barrels per day have been disrupted in Nigerian due 'terrorism' leading Shell to be unable to meet it's contractual obligations there for the next two months isn't considered a threat or oil going offline? As I mentioned in another thread the small dip in US fuel consumption is meaningless along side the crazy rise in consumption in China the last few months.

04-23-2008, 09:20 AM	#7
dumadegg Join Date Nov 2005 Posts 381 Senior Member	Analysts seem like they have no idea what is going on. Some think that Crude will go back down and settle to $80 or $90 a barrel, and some think that it will peak at $125/barrel before it drops. Doesn't seem like it though with how fast oil is going up. There is no news on why it is going up, but it was up well over $1 yesterday and well over $2 today so far. US fuel consumption is down, stock is up, no plants or production going offline, no threats, So the fact that 169,000 barrels per day have been disrupted in Nigerian due 'terrorism' leading Shell to be unable to meet it's contractual obligations there for the next two months isn't considered a threat or oil going offline? As I mentioned in another thread the small dip in US fuel consumption is meaningless along side the crazy rise in consumption in China the last few months.
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