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**Gordo** · January 14, 2008, 04:15 PM

Re: Oil to $60.....by January?

Originally posted by Jim Nickerson View Post

Not to detract from whatever respect you are due, when I see something like your post above without a link to the source, it strikes me that your post could be a total spoof. Surely I am not the only person who visits iTulip who appreciates posters going to the bit of trouble necessary to put up links to material that is referenced. I'll be damned if I am going to spend my time to go to great lengths to attempt to verify what you have posted.

Thank you.

Sorry about that, Jim.

The cite is Reuters, Chicago Tribune, USA Today, and the Wallstreet Journal. All have basically the same story today.

**Jim Nickerson** · January 14, 2008, 04:28 PM

Re: Oil to $60.....by January?

Originally posted by Gordo View Post

Sorry about that, Jim.

The cite is Reuters, Chicago Tribune, USA Today, and the Wallstreet Journal. All have basically the same story today.

Here is the link http://www.chicagotribune.com/busine...,5744268.story

**Gordo** · January 14, 2008, 05:09 PM

Re: Oil to $60.....by January?

Originally posted by Jim Nickerson View Post

Here is the link http://www.chicagotribune.com/busine...,5744268.story

Actually, the
link is AFP:

GM to make biofuel out of garbage

**BlackVoid** · January 16, 2008, 03:31 PM

Re: Oil to $60.....by January?

This will be a drop in the sea. It is not mentioned in the article, but how much oil can you generate this way?
If it is below 1 MB / day, than it does not change anything. I would be very surprised if this could be scaled up to even 100000 / day. And compare that to a daily consumption of 85 MILLION barrels / day worldwide.

**Spartacus** · January 16, 2008, 04:55 PM

Re: Oil to $60.....by January?

oh, wonderful - all the heavy metals that end up in sewage will now be oxidized in a car engine and pumped into the atmosphere.

perfume, diapers, drano, shoe polish ....

Originally posted by Gordo View Post

Garbage is a start but converting sewage to energy production would make every city sewage plant an energy factory.

**FRED** · January 16, 2008, 04:58 PM

Re: Oil to $60.....by January?

Originally posted by BlackVoid View Post

This will be a drop in the sea. It is not mentioned in the article, but how much oil can you generate this way?
If it is below 1 MB / day, than it does not change anything. I would be very surprised if this could be scaled up to even 100000 / day. And compare that to a daily consumption of 85 MILLION barrels / day worldwide.

Popular Mechanics did a good analysis of this.

To enlarge the image: Got a Mac? Click on the image. Got a PC? Click on this link.

Even Arnold can't overpower the laws of thermodynamics. No way around it. The cars have to get smaller.

**Gordo** · January 16, 2008, 04:59 PM

Re: Oil to $60.....by January?

Originally posted by Spartacus View Post

oh, wonderful - all the heavy metals that end up in sewage will now be oxidized in a car engine and pumped into the atmosphere.

perfume, diapers, drano, shoe polish ....

I don't know too many people who flush shoe polish down the toilet.

**metalman** · January 16, 2008, 06:16 PM

Re: Oil to $60.....by January?

Originally posted by Gordo View Post

Interesting theory below from the Oxylandr web page about the Fed "draining" $18 to $33 Billion from the economy last week in order to prevent oil from going over $100.

January 7, 2008
Watch the Feds watching oil

Posted by theroxylandr under Economics, Finance, Investing, Oil
[9] Comments
Few days ago I�ve posted my little theory that the Feds are conducting the harsh and unusual drain of funds to protect the important psychological barrier of $100 for a barrel oil.
The drain killed the Christmas rally and brought the markets on the verge of the technical breakdown. Today Feds did one final drain and the market, in its eternal stupidity, finally got the massage by sharply dropping the oil below $95.
Now the Feds may finally relax and I expect the increase of funds tomorrow. Then we�ll have the Jan 14 Taffy broo-ha-ha and I think the markets can go up for at least two weeks, because when lunatics get money they buy stocks, recession be damned.
By the end of the month the weight of negative earning surprises will finally take over the market and the rally will be over, but for now the party is on!
And because the recession will be already evident by February - believe me or not - I think that last week we saw the $100 oil for the last time for the next 5 years. Down she goes from now

Update: What I gave you was an optimistic

what part of the word "wrong" does not apply to this forecast?

January 7, 2008... but for now the party is on!

the internets are filled with this asshat theories. "feds drain $$$, oil goes down." silly. oil goes up and down for a dozen interacting reasons in a dynamic so complex that no one can predict it or even explain why a change happened in the past... except over very long periods in the distant past... even then experts will argue for years.

**rabot10** · January 16, 2008, 06:52 PM

Re: Oil to $60.....by January?

Originally posted by metalman View Post

what part of the word "wrong" does not apply to this forecast?

the internets are filled with this asshat theories. "feds drain $$$, oil goes down." silly. oil goes up and down for a dozen interacting reasons in a dynamic so complex that no one can predict it or even explain why a change happened in the past... except over very long periods in the distant past... even then experts will argue for years.

MetalGuy I am growing to really like U, don't tell my wife OK

**Gordo** · January 16, 2008, 07:34 PM

Re: Oil to $60.....by January?

Originally posted by metalman View Post

what part of the word "wrong" does not apply to this forecast?

the internets are filled with this asshat theories. "feds drain $$$, oil goes down."......

Oil dropped to low of $89.35 today. All theories are "asshat" at first.

**Tulpen** · January 17, 2008, 06:46 AM

Re: Oil to $60.....by January?

Originally posted by Gordo View Post

Oil dropped to low of $89.35 today. All theories are "asshat" at first.

I am bearish on oil but yesterday I took a profit. On my DCR trade I made about 40%. At the same time I bought gold around 878. But only short term, I expect a final spike due to "helicopter Ben's" agressive cutting but eventually I think it will drop together with oil.

**Gordo** · January 17, 2008, 09:20 AM

Re: Oil to $60.....by January?

Originally posted by Tulpen View Post

I am bearish on oil but yesterday I took a profit.....

Great work, Tulpen, on a gutsy investment. I wish I could say the same. Still got some time left, though.

**Gordo** · January 21, 2008, 01:45 PM

Oil down to low of $88.67

Crude oil for February delivery declined as much as $1.90, or 2.1 percent, to $88.67 a barrel in electronic trading on the New York Mercantile Exchange. That's the lowest since Dec. 12. It was at $89.09 at 4:10 p.m. London time. The contract expires tomorrow.

Crude Oil Falls as Equities Tumble on US Recession Concerns

**GRG55** · January 21, 2008, 08:46 PM

Re: Oil down to low of $88.67

Originally posted by Gordo View Post

Crude oil for February delivery declined as much as $1.90, or 2.1 percent, to $88.67 a barrel in electronic trading on the New York Mercantile Exchange. That's the lowest since Dec. 12. It was at $89.09 at 4:10 p.m. London time. The contract expires tomorrow.

Crude Oil Falls as Equities Tumble on US Recession Concerns

Eight trading days and about $28 to go to hit that magic $60 in Jan

Crude oil, down about $12 from it's all time high still looks healthier than the ol' stock market today...

**Gordo** · January 21, 2008, 09:25 PM

Re: Oil down to low of $88.67

Originally posted by GRG55 View Post

Eight trading days and about $28 to go to hit that magic $60 in Jan

Crude oil, down about $12 from it's all time high still looks healthier than the ol' stock market today...

Who knows what will happen in these crazy economic times we're experiencing. (Talk of "panic" and Dow Futures down 400 for tomorrow.) It helps that Pres. Bush and Energy Secretary Bodman are "talking the talk". Now, if they would just "walk the walk" and sell a few barrels from the SPR, I'd be in business. I'll give a little stretch to January and take 60 by Feb. 14, when my March puts expire.