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01-14-2016, 11:01 PM
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#26
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I contribute to threads in the offtopic forum
Join Date: Jun 2006
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Quote:
Originally Posted by dasuperstar
PS I will time deposit the money to gain interest as well  |
consider your time and what you will earn.
if its less than $1 (a realistic situation in this interest rate environment), is it even worth your time?
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01-20-2016, 05:18 PM
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#27
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ninja edits your posts without your knowledge
Join Date: Jan 2004
Location: Vancouver
Posts: 14,997
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Quote:
Originally Posted by koukimonst3r
Well, the barrel of oil right now is $31, apparently by the end of the year it will be roughly $50. That's here in Fort McMurray anyway.
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I'd like to take things that won't happen for $500, Alex.
The globe is FLOODED with oil (especially with Iran now able to sell to global markets). There is no chance that oil will be back up to $50.
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01-20-2016, 05:26 PM
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#28
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(7125 Viewing)
Join Date: Oct 2009
Location: Vancity
Posts: 707
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Quote:
Originally Posted by CRS
I'd like to take things that won't happen for $500, Alex.
The globe is FLOODED with oil (especially with Iran now able to sell to global markets). There is no chance that oil will be back up to $50.
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It will be at 25ish or even lower  by the end of 2016
I'm hoping that I'm wrong.
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01-21-2016, 12:55 AM
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#29
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My homepage has been set to RS
Join Date: Jun 2008
Location: Nowhere
Posts: 2,294
Thanked 848 Times in 392 Posts
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Quote:
Originally Posted by CRS
I'd like to take things that won't happen for $500, Alex.
The globe is FLOODED with oil (especially with Iran now able to sell to global markets). There is no chance that oil will be back up to $50.
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Never say never.
Just because Iran is pumping out a bunch of oil now doesn't mean they will continue to do so forever. Maybe they are like the Saudis, just keep pumping that stuff out to bankrupt the Global companies then decrease output, thereby, raising prices?
I also don't see 50/bbl, but then again, how many foresaw 142 bbl last time around?
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01-21-2016, 01:35 PM
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#30
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(7125 Viewing)
Join Date: Oct 2009
Location: Vancity
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01-22-2016, 05:31 AM
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#31
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I contribute to threads in the offtopic forum
Join Date: Jun 2006
Location: not vancouver
Posts: 2,642
Thanked 1,941 Times in 765 Posts
Failed 532 Times in 202 Posts
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Quote:
Originally Posted by dasuperstar
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if it goes down 10, then goes up 1... headlines are "dollar goes up!!!"
it's net 9 down, oil is at $29...
A couple years ago it was at par, oil at $100. some perspective is needed.
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