New oil shares skyrocket prices big time.

[SoulcreatorGod]

All you do us sell a share of oil at now's cost, then the countries save up billions of dollars not pumping out oil.

CIA may stop outlook but they can't stop demand.

So demand and oil dries up sending prices throw the roof.

Oil barrels cost $45 now $250 dollars in 3 weeks time..... Then $550+.

[fiulpro]

All you do us sell a share of oil at now's cost, then the countries save up billions of dollars not pumping out oil.

CIA may stop outlook but they can't stop demand.

So demand and oil dries up sending prices throw the roof.

Oil barrels cost $45 now $250 dollars in 3 weeks time..... Then $550+.

I do not understand what you are trying to day exactly here but the oil barrels won't cost as much as 550$ since most of the time there are countries where oil gets imported from the high oil producing countries so the price has to be maintained at a stable value which does mean that the government would try their best to balance out the price of if such kind of market manipulation comes into play.

Right now after 2020 we did see a lot of correction in the market and right now the 45$ is a good price to buy , it will go high for sure but 550$ per barrel ? It depends on the country and also the situation too.

But more or so this much fluidity won't be there since government won't let such things happen. You should even be happy if you get 200% back. Plus demand can be stopped since there are companies looking for much greener alternatives.

The hydro power is now going to be used in cars too and that's amazing I think. The oil is going to become obsolete in the future.

[jacafbiz]

All you do us sell a share of oil at now's cost, then the countries save up billions of dollars not pumping out oil.

CIA may stop outlook but they can't stop demand.

So demand and oil dries up sending prices throw the roof.

Oil barrels cost $45 now $250 dollars in 3 weeks time..... Then $550+.

All these conspiracy theory abut CIA influencing the price of oil, if I am correct, US want the price of oil to come down and there are reason the price of oil has been suppressed for some time, the demand is low and the new countries are discovering oil and keep pumping it. US has little to do with oil price for now, it is better the Saudi and Opec cabal plus Russia, this are the people dictating the price for now

[bekti3]

not too surprising, because Saudi Arabia as the largest oil supplier has announced that it will save oil for the long term. so that the barrel oil savings are estimated to run out in 30 years. The current soaring price will be a different pillar, the supply is getting thinner from year to year while the continuous demand asks them to provide more supplies to various countries, especially the United States which is no longer able to prepare oil reservoirs.

[crzy]

We heard a huge down price of Oil last year due to the market recession on many countries and of course because of the pandemic, now that the economy are slowly coming back, we can expect the surge for the usage of Oil and as expected the price will rise again just like before.

The oil is still one of the important goods that can drive the economy up, even if there's a lot of invention with the renewable energy, I still believe that Oil will last longer and its price will continue to rise, the demand also will continue to grow over time.

[yhiaali3]

I do not think that the price of a barrel of oil will reach $ 550 at some point because this would cause a global crisis in terms of the most used energy. Personally, I do not rule out that the CIA is manipulating the prices of oil stocks, and it is also certain that the United States is trying to control more sources of oil In the world, but if the price of a barrel of oil reached such levels, it would be an economic disaster for many of the world's oil-importing countries.

[stompix]

CIA may stop outlook but they can't stop demand.

I thought they can't stop thunderbird 
Are you sure it's not the NSA doing all the outlook thingies?

Oil barrels cost $45 now $250 dollars in 3 weeks time..... Then $550+.

Then $1780, then $67 123, and then three million per gallon of gas.
By the time a barrel of oil hits $100, you have between 5 to 10 million barrels of production that have been shut down till now that will come back online and make the price return to the 50-60$ area.
If by some freak alignment of all the galaxies in the world the price would jump to $200 you will see such a  decline in demand there will simply be no more people buying it, a lot will leave their cars and take public transport, delivery companies will switch en mass to electric or if impossible they will raise the price to an extent it will affect orders and people will stop doing that also.

Are you going to pay 10$ per mile for a cab? Nope, so less consumption, less demand, lower price.

[Kittygalore]

We heard a huge down price of Oil last year due to the market recession on many countries and of course because of the pandemic, now that the economy are slowly coming back, we can expect the surge for the usage of Oil and as expected the price will rise again just like before.

There won't be a big surge in the prices in oil any time soon, AFAIK it will continue to slump because a lot of renewable energy source and green fuels are being developed. There will still be a surge because there are still third world countries and most green fuel cars are still expensive for a low income earner.

The oil is still one of the important goods that can drive the economy up, even if there's a lot of invention with the renewable energy, I still believe that Oil will last longer and its price will continue to rise, the demand also will continue to grow over time.

I would like to disagree with you on this one, yes the price will go up but I do not think that oil prices will continue to rise, it might reach a flat line someday because renewable energy while still expensive is being continually developed to be used to replace oil dependent industries, that time is still not arriving but when it comes, oil will definitely suffer. I do not think that CIA is involved in this conspiracy of oils, these kinds of things are blatant in nature like Foreign Aid by US in Middle Eastern countries, there is a reason why there is Persian Gulf War, it is not the annexation of Kuwait, it is the oil.

[Arkann]

If we adhere to the opinion that the CIA controls oil prices, then I am sure that it is unprofitable for America, as well as for its special services, to raise high world oil prices, since the high oil price strengthens the position of opponents, which the United States has quite a few in Asia. and also Russia.

[Ozero]

If we adhere to the opinion that the CIA controls oil prices, then I am sure that it is unprofitable for America, as well as for its special services, to raise high world oil prices, since the high oil price strengthens the position of opponents, which the United States has quite a few in Asia. and also Russia.

Yes, it is not profitable for the United States to see oil rise in price. Large oil reserves are owned by political opponents of the United States - Iran, Iraq, Russia and others. Therefore, the oil price will continue to be artificially restrained and is one of the levers of pressure as applied sanctions to individual countries. In addition, developed countries, and especially Europe, have taken a course towards a gradual reduction in the use of oil and gas in order to reduce the harmful effects of emissions of their combustion products and further climate change on the planet. Therefore, the demand for its oil and gas should decrease.

[Reid]

We heard a huge down price of Oil last year due to the market recession on many countries and of course because of the pandemic, now that the economy are slowly coming back, we can expect the surge for the usage of Oil and as expected the price will rise again just like before.

This is true.
But I doubt the oil price surge to come back even with the economy going back to the way it used to be.
Many employees now do prefer the WFH basis especially computer-based jobs.
I did and I noticed that most of my neighbors are now doing the same.
Cars just being used to buy necessities and that's it. Stuck at home again for another 2 weeks before they will go out again.

They could just be making strategies saying they are reserving the oil for future needs but IMO, they are just creating FUD.

[YOSHIE]

Yes, in the last few days it can be said that the price of oil has been very boiling because Saudi Arabia has limited production and in addition, the supply / reserves in the superpower are running low, if this continues, in the next one or two months from the price per barrel of $ 51, it could be a bigger possibility and in addition to the increase in the price of Brent oil, it has already reached $ 54 per barrel.

But the market is still stable, hopefully several Arab countries and Russia yesterday failed to agree on an agreement, in this second meeting it can improve and Arab will continue to produce as usual.
Unfortunately the effects of all of this, the commoners have an impact, let alone the current pandemic.

[Gozie51]

Oil barrels cost $45 now $250 dollars in 3 weeks time..... Then $550+.

At $250 is already leading to economic instability and $500 will be a big problem to the world economy. Many will think the oil producing nations will benefit more but I don't think so.
The worst is it will have multiple effect because none oil producers are going to also make increase of their local product in exchange to cushion the oil increase which will skyrocket transportation both sea, land and air. It will surely be a big problem to humanity if oil increase without proper option or substitute.

[Cynthiajia0]

Most modern commodities, including oil, are priced in U.S. dollars. If the U.S. dollar depreciates, then the commodities priced for it should appreciate, so oil will rise.