<Is it time to start exploring again? The Oil Drum Another Way of Looking at CERA>

18 comments on Chinese lower their intended purchases

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Halfin on September 13, 2005 - 11:22pm Permalink | Subthread | Comments top
That's got to put more bearish (downward) pressure on the energy markets. I wonder if we might see oil fall back to the $60 range or even the $50's.
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Lars on September 14, 2005 - 3:40am Permalink | Subthread | Parent | Comments top
It will, there will be enough positive reports, temporary flooding of the market (from european reserves) and postponed buying for emergency reservers to ease the market for a while. People will sigh and put away that memory of high prices, turning them into positive consumers again, they will order their new SUV's and take a new low mortgage rate loan and move to that new home far away from where they work.......only to be totally surprised by the next price wave. And who knows, maybe Bush can order the IEA and the rest of the world  once again to send "emergy" oil to keep amarican consumers in control......and maybe not
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Eroie Van Tanstaafl on September 14, 2005 - 9:09am Permalink | Subthread | Parent | Comments top
CERA predicted mid-term oil prices of $40.

Since just 6 years ago, prices were around $20, I'd say that the market may slip further - at least to $50, if not $40.

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18 comments on Chinese lower their intended purchases

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