High Oil Prices to Spur Hybrid Sales

[gugaplex]

Unbelievable demand for hybrids will cause auto makers (especially Japanese) to pump out these cars. In a few years (3-4), most new car purchases will be hybrids, thereby lowering global demand for oil as a whole. This change will be a monumental shift for oil prices/demand, and we will all talk about the time when oil traded for $70-80 a barrel.

You'll see....

 

[chump]

What will it cost me for you to formally write that down and post it to my wife BEFORE she buys this piece of s....t that does 0-60 in less time than it takes for me get sick from writing the cheque ?

 

[oatman]

So what happened to hybrid development in the 70s when oil prices were higher than now in real terms?
Your time scale is over optimistic.

 

[counter_violent]

So what happened to hybrid development in the 70s when oil prices were higher than now in real terms?
Your time scale is over optimistic.

Gugaplex also thinks gold is coming off the top..... likes to catch falling knives and other such craziness

 

[gugaplex]

Gugaplex also thinks gold is coming off the top..... likes to catch falling knives and other such craziness

Yeah, it looks like it is coming off the top. As well as oil.

 

[chump]

Could I ask this...taking the highest price from this current year exactly at what price would you make your prediction that the highest high is in...and for how long would that be...now ,next month ,next year ? I've no aversion to prediction, but it would be informative in terms of trying to assess your prediction exactly what it was you were basing it on assuming your comment "coming off " actually means you think we have seen the high for this commodity.

 

[counter_violent]

Yeah, it looks like it is coming off the top. As well as oil.

We shall see about that !

........expectation from here ref Gold ....price to re-test circa $ 644.00....then a fairly rapid rise back to circa $720.00.....at this point decisions will need to be made.......north / south......

probabilities say north.....probably.! ....I won't be married to it mind.

 

[gugaplex]

We shall see about that !

........expectation from here ref Gold ....price to re-test circa $ 644.00....then a fairly rapid rise back to circa $720.00.....at this point decisions will need to be made.......north / south......

probabilities say north.....probably.! ....I won't be married to it mind.

I must be the only medium-term trader/investor in this forum. Congrats to you for being able to predict the short-term moves of assets! I feel it's generally safer to "marry" a position over a 3-5 year period instead and take out the everyday worries, but to each his own. Good luck.....

 

[sambinho]

Isn't oil is used for a lot more than just filling up one's car?

 

[gugaplex]

Yeah, it always has been as well. The main driver of oil prices is speculation and demand. Most of this demand increase has come from the gas-guzzling SUV's that so many Americans "must" have. Not many new large SUV's being bought any more. Another big driver of demand ofcourse is China and India.

 

[jimbo57]

Yeah, it always has been as well. The main driver of oil prices is speculation and demand. Most of this demand increase has come from the gas-guzzling SUV's that so many Americans "must" have. Not many new large SUV's being bought any more. Another big driver of demand ofcourse is China and India.

what about supply since we have a macro-economic head on?

Seem to remember oil going sub $10 just 7 years ago as OPEC opened the taps. Also seem to remember this was the same reason that Saddam invaded Kuwait as he accused them of driving down the price in 1990 as they opened their own taps

Funny old world!

 

[oatman]

Kuwait were also lifting oil from under Iraqi soil.