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Young Entrepreneur Forums » Lounge » Young Entrepreneur Lounge » Will the Price of Oil Hit $200 per Barrel in the Next 6 Months?



View Poll Results: Will the Price of Oil Hit $200 per Barrel in the Next 6 Months?
Yes 13 61.90%
No 8 38.10%
Voters: 21. You may not vote on this poll

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Old 07-03-2008, 12:31 PM   #1 (permalink)
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Will the Price of Oil Hit $200 per Barrel in the Next 6 Months?

Let's not get political. This is purely for fun, I want to see what you all think. I think it can and will. Vote!

Also, rather than be negative about the fact that gas prices are increasing, it also creates opportunity where others see problems. That's what entrepreneurs are about. Point being, I make more money off a certain website I run the more gas prices increase

I'm sure we can all find a way to take advantage of it. More problems means more ideas and creativity. More thinking outside of the box.

In fact, I would say that if it wasn't for the increase in oil/gas prices, there wouldn't be so much effort going into alternative fuel sources and hybrid technologies.

And lastly, if you do vote yes, then why not invest in it? Lots of people would rather whine and complain when opportunity is staring them right in the face.

But not us, because we're entrepreneurs

Last edited by Hooman; 07-03-2008 at 12:36 PM.
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Old 07-03-2008, 12:44 PM   #2 (permalink)
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Mygallons.com is already taking advantage of it. They have been all over the press this entire week.

Of course if you read their FAQ's and fine print, you realize its not a good deal.
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Old 07-03-2008, 07:28 PM   #3 (permalink)
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I voted yes, because of the rumblings in Iran.
with nearly 40% of the world's oil going through the straight of Hormuz, and Iran pretty much controlling the gateway on that straight, I get the feeling Iran would win any war by default, simply because it will be cheaper for them to throttle oil sales than it is to rebuild their fairly well developed country.

Ahmadinejad might be crazy as a bed bug, but crazy does not equal stupid.
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Old 07-03-2008, 07:46 PM   #4 (permalink)
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Yes.........
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Old 07-05-2008, 03:19 PM   #5 (permalink)
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unfortunately yes becuase of greedy oil people. If only we would drill in our own country
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Old 07-05-2008, 03:51 PM   #6 (permalink)
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watch this crazy video....

YouTube - John McCain's Connection to Big Oil & The Enron Loophole
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Old 07-05-2008, 11:28 PM   #7 (permalink)
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Maybe you can invest some of your economic stimulus check on that. Honestly, I think that was Bush's way of saying "I know I screwed things up but your gas is on me until I get out of office".
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Old 07-06-2008, 01:25 AM   #8 (permalink)
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I'm not 100% sure, but I don't think it will hit $200 that quickly. There have also been comparisons made between the many 'bubbles' of yesteryear (Nikkei index, Nasdaq, the dotCom boom, etc etc) and the current energy crisis. If a 'bubble' occurs, prices are expected to drop over 75%... That would be nice, but I'm not holding my breath!
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Old 07-06-2008, 01:25 AM   #9 (permalink)
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i hope not, but if we think rationally yes it can be....
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Old 07-06-2008, 01:49 AM   #10 (permalink)
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no, i think our economy can't get much worse unless we continue to do surges and make money out of thin air. i may be wrong and out of my league, but you also have to consider the value of our money. because of inflation, $4 now has about the same value of about $2 before the iraq war. we use to have double the value of money of canada, now we are even with canada and much much worse than britain where gas is definately not cheap.
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Old 07-06-2008, 02:24 AM   #11 (permalink)
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No, thats way too much for 6 months. It is almost impossible that will make a gallon of oil around 6.75 or so...Thats is not going to happen. As we get closer to the elections we will see a surge but wont be more than 5 dollars a gallon for a long time. We have just about hit our lowest point in our economy cant get much worse than this. Some optimism is involved in this post though.