Oil could hit $100 this winter and spur global economic crisis: Bank of America

[jazz]

Glorious super cycle underway thanks to the clueless Greta cult. Time for AB to shine.

https://twitter.com/financialpost/status/1443935511941365762

[errolanderson]

Guess Bank of America's $100 headline wanted to 'one-up' Morgan Stanley's dart-in-the-wall of $90 per barrel. Analysis you can bank on . . . .

[sumdumguy]

Not the Age of Aquarius but maybe Age of Alberti. Eastern Canada may self- combust at the thought. Bye

[macdon02]

If you use the same metrics inside the CPI formula that Paul Volcker gawked at in the early 1980s, inflation is running at 14.145%, a real theft purchasing power.


LNG is trading at ~$34/mmbtu for December and January delivery. On an energy-equivalent basis, that equals $197 per barrel of oil equivalent.

It's been said numerous times, "if we elect this guy, it'll ruin the country." All we need is a bond default and the amount of hot money thatll be unleashed will be unimaginable, and it's close, I'm thinking Feb or March the wheels fall off. Front row seats for the collapse of western society. Week of oct 11 should produce a low in metals, a high would negate a buy signal. 16 week duration. Corn lags gold by 18 months

[furrowtickler]

[jazz]

I count half a dozen crises happening all at the same time, maybe even more than that.

I bet our elected idiots lose control of the spinning plates pretty soon. Its going to be epic.

[errolanderson]

$60 oil before $100 all-day-long (IMO), and markets still at-risk of some serious price damage, possibly in October. An interesting start to the 4th quarter . . . .

[WiltonRanch]

$60 oil before $100 all-day-long (IMO), and markets still at-risk of some serious price damage, possibly in October. An interesting start to the 4th quarter . . . .

How so? What specifically do you see that leads you to that assertion?

[errolanderson]

How so? What specifically do you see that leads you to that assertion?

Wilton, instabilty of financial markets and overhanging debt bomb . . . . Commodities can deflate quickly (IMO).

[jazz]

Wilton, instabilty of financial markets and overhanging debt bomb . . . . Commodities can deflate quickly (IMO).

USD inversely coorelated with oil. Some flight to safety happening perhaps.

[errolanderson]

USD inversely coorelated with oil. Some flight to safety happening perhaps.

True jazz, USD trend appears higher yet right now. This is a direct challenge for U.S. exports. Silver absolutely smoked over the past few months. Gold struggles continue.

Loonie could break sharply if crude fails in-part pressured by the rising USD.

[farming101]

.

[farming101]

Crude nearing 7 year high. Low 90's possible on this leg up

[AlbertaFarmer5]

[ATTACH]8805[/ATTACH].

Rig count has become almost meaningless over this period of time.
Productivity per rig and per well has increased so exponentially during the shake era that we can't even compare rig counts to a few years ago and conclude anything, except more rigs will be more production. Less or equal rigs, doesn't mean much.

[furrowtickler]

Less rigs north of here , the steam plants are proving to be very efficient so drill spots are actually down with production way up over traditional wells here
Actually most cold oil well production is virtually shut down now
Steam plant activity has ramped up dramatically NW and north of here the past few years