Monday 19 May 2008

Will oil be $1000 per barrel before 2020? Or will it not? (Originally written 2008-05-19+)

Monday 19th May 2008, 8:34 p.m. :
Will oil be $1000 per barrel before 2020 ... or will it not?

Will oil go to $1000 per barrel?
Before 2020?
Everything was pointing to that in 2008, including and especially government policies.
It's only a point for discussion. See if it's correct.
I am not so sure now. Note that the link below was at the top of the oil market.

I recommend listening to the first hour of Jim Puplava's 24 May 2008 Financial Sense Newshour at http://financialsense.com/fsn/main.html. Here is the Mp3 - the relevant section on oil is the third quarter from about 40 minutes to 1 hour 3 minutes with Bill Powers and Jim Puplava.

3 comments:

Anonymous said...

If what you've predicted on your gold blog is only half true, then this is true as well.

Why is the "comments" option on your other blog turned off?

Pim said...

Hello. I came here from your 1000gold block. Thank you for the info!

I am wondering (regarding your post on May 5th) whether you meant we have reached the 38.2% move at around $34 or whether we should wait to see if this level will hold or if it will break into a deeper Fibonacci target?

Thank you for your post! Sorry I post this comment in this blog. I couldn't find a way to contact you from your gold blog.

goldintheuk said...

Thanks for the comments John and Pim.

Now the timing of my first post was interesting. It was right at the top of the oil market in May 2008! Right before the credit crunch. The oil rise was slowed by a huge crash from $147 to $32, followed by a much slower rise to $100 or so today in 2013. No new highs since 2008.

Any correspondence to goldintheuk (at) gmail.com