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How high or low do you think oil will go?

So, how high do you think oil prices will be at the end of the year. Do you think they'll drop because of lessened demand and the rally is because of speculators or do you think they'll rise because of the drop in the dollar and the recession is near an end?

Answer Question

Asked by smalltowngal at 12:27 PM on Jun. 4, 2009 in Politics & Current Events

Level 1 (-9 Credits)
Answers (4)
  • Going up during the summe for travel - down fall- up winter- down spring - up summer (Its a cycle) But they wont go way,way down again for a long time. So use those grocery store coupons to take off extra money.

    Answer by Anonymous at 12:35 PM on Jun. 4, 2009

  • These moves aren't just normal summer increases though. It's either speculators, the falling dollar, or people think the economy is improving and demand will increase. The question is will they tank because demand ends up not being there or continue to increase if the dollar drops more or demand increases.

    Answer by smalltowngal at 12:58 PM on Jun. 4, 2009

  • Is that before or after cap and trade? If after, it will be up over $100 a barrel soon after implemented . $4-6 gas here we come. The rise now is speculators bettin gthe price will go up because it is summer. Well, it is a big circle, they speculate because it is summer so it goes up

    Answer by itsmesteph11 at 2:13 PM on Jun. 4, 2009

  • The end of this year? As high as the prospectors want? Realy $3. Next year 5 after that $10 inflation will be outta control by then.

    Answer by Ibelongtojesus at 8:30 AM on Jun. 5, 2009

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