# The "Oil Prices" thread. **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [March 10, 2008, 10:44am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739 "2008-03-10T10:44:58Z")\ **Posts on this page:** 20\ **Page:** 11
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [April 21, 2008, 7:07am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/201 "2008-04-21T07:07:49Z")
> [@Avatar](#): > > Why do you guys think that the dollar has hit its “low”, and why would you think that an interest rate cut will bolster the USD? [http://money.cnn.com/2008/04/18/markets/thebuzz/index.htm?postversion=2008041811](http://money.cnn.com/2008/04/18/markets/thebuzz/index.htm?postversion=2008041811) ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [April 21, 2008, 7:23am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/202 "2008-04-21T07:23:43Z")
> [@Avatar](#): > > Why do you guys think that the dollar has hit its “low”, and why would you think that an interest rate cut will bolster the USD? Well as a short explination and not knowing how much you know it is hard to explain but i will say it like this. The US economy has suffered terribly due to the home loan and credit crisis, this has resulted in haulted spending and growth and caused a lot of trouble in the financial sector among others resulting in a weakened economy and a weakened dollar. If you look at most of this quarters reports they are still - but not anywhere near as bad as last quarter indicating that we are on our way back up which will bring the dollar with it driving down oil prices. ---
**Author:** ![Avatar](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/avatar/32/5076_2.png) [@Avatar](https://forums.speedlife.net/u/Avatar)\ **Post date:** [April 21, 2008, 7:26am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/203 "2008-04-21T07:26:56Z")
I don’t see it. I know opinions are like assholes, but I worked exclusively in fx trading for about 2 years before I started my mba. That article just doesn’t sit well with me. ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [April 21, 2008, 7:35am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/204 "2008-04-21T07:35:53Z")
Well you are right that it is only opinion and i believe the turn around might not be here just yet but i also believe that the US economy isnt just going to wither up and die son i dont worry about it too much. In the end if it is hitting $117 while our dollar is tanked and economic growth is minimal then i believe WHEN we stabilize it will come back down. It just isnt something i will lose sleep over…besides eventually we will have to cut our dependancy on oil…right? But like you say it is all opinion now and only time will tell. ---
**Author:** ![JoesTypeS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joestypes/32/7190_2.png) [@JoesTypeS](https://forums.speedlife.net/u/JoesTypeS)\ **Post date:** [April 21, 2008, 7:36am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/205 "2008-04-21T07:36:50Z")
Has an interest rate cut ever resulted in an increase in the value of the dollar? ---
**Author:** ![Avatar](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/avatar/32/5076_2.png) [@Avatar](https://forums.speedlife.net/u/Avatar)\ **Post date:** [April 21, 2008, 7:40am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/206 "2008-04-21T07:40:01Z")
I’m still confident in the US economy, but with the election in the fall and all the other variables it’s just a bit too uncertain to make accusations like continued dollar strength in over the next 6 months. And, generally, fed rate cuts do not help the greenback. If you lower interest rates you lower demand for the currency. ---
**Author:** ![Avatar](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/avatar/32/5076_2.png) [@Avatar](https://forums.speedlife.net/u/Avatar)\ **Post date:** [April 21, 2008, 7:40am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/207 "2008-04-21T07:40:47Z")
> [@JoesTypeS](#): > > Has an interest rate cut ever resulted in an increase in the value of the dollar? Sure, if it’s the BOE or ECB that was doing the cutting 😉 ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [April 21, 2008, 8:03am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/208 "2008-04-21T08:03:52Z")
I’m likely going to start shorting oil after the next rate cut, with money I can afford to lose. If that bet doesn’t pay off the US economy is likely fucked anyway, so i’ll go down with it. ---
**Author:** ![Avatar](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/avatar/32/5076_2.png) [@Avatar](https://forums.speedlife.net/u/Avatar)\ **Post date:** [April 21, 2008, 8:09am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/209 "2008-04-21T08:09:20Z")
I’m just hoping that employment will rebound in 3 years so I can get a job. I’m going to have a lot of debt to pay off so I kinda like inflation. ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [April 21, 2008, 8:11am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/210 "2008-04-21T08:11:03Z")
> [@Joe](#): > > I’m likely going to start shorting oil after the next rate cut, with money I can afford to lose. If that bet doesn’t pay off the US economy is likely fucked anyway, so i’ll go down with it. Word i am taking similar investing strategy if the economy goes dowm well start me on fire and ill be a blaze of glory. ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [April 21, 2008, 8:17am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/211 "2008-04-21T08:17:03Z")
> [@JoesTypeS](#): > > Has an interest rate cut ever resulted in an increase in the value of the dollar? It’s all about speculation. If the speculation is it’s the last cut then yes, I could see the dollar going up. The old buy low theory. ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [April 21, 2008, 8:20am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/212 "2008-04-21T08:20:51Z")
> [@cougarspeed](#): > > Word i am taking similar investing strategy if the economy goes dowm well start me on fire and ill be a blaze of glory. according to point and laugh economics i believe I am obligated to provide a nelson ha-ha on that. ---
**Author:** ![j\_espo1](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/j_espo1/32/7291_2.png) [@j\_espo1](https://forums.speedlife.net/u/j_espo1)\ **Post date:** [April 21, 2008, 8:32am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/213 "2008-04-21T08:32:55Z")
> [@JayS](#): > > Wanna make a wager on that? $50 says we don’t see $5/gal regular unleaded here in WNY in 2008. > > Most indications are that the dollar has hit rock bottom and has started to recover. The fed will probably make a 1/4 point cut at their next meeting and then hold, which should cause the dollar to start climbing. EU economists are signaling they are going to have to start cutting rates as well, which will also help the dollar. The dollar has been gaining on the Yen and started gaining on the Euro at the end of last week. > > As the dollar climbs oil will go down. 1 half way decent terror attack on a pipline, or tanker, or a huge hurricane through the Gulf and prices will skyrocket. If Al-queda or some other terrorist group wanted to make a statement right now they could really make a big one. ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [April 21, 2008, 8:40am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/214 "2008-04-21T08:40:09Z")
> [@Joe](#): > > according to point and laugh economics i believe I am obligated to provide a nelson ha-ha on that. Yes but not because i am on fire but because i will be poor at which time i will follow with my point and laught because you are riding it down to so you will be poor as well. WAIT we would bth be poor so neither of us will be pointing or laughing we will hav to find one of them commies that put all of their money toward oil and metals to laugh at us. ---
**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\ **Post date:** [April 21, 2008, 8:42am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/215 "2008-04-21T08:42:40Z")
oh, you can laugh & point at each other all that you want to… becuase no one cares what the poor do amongst the poor. ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [April 21, 2008, 8:43am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/216 "2008-04-21T08:43:55Z")
> [@j\_espo1](#): > > 1 half way decent terror attack on a pipline, or tanker, or a huge hurricane through the Gulf and prices will skyrocket. If Al-queda or some other terrorist group wanted to make a statement right now they could really make a big one. So take my bet. Either you honestly think it’s going to happen or you’re no better than the media. ---
**Author:** ![j\_espo1](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/j_espo1/32/7291_2.png) [@j\_espo1](https://forums.speedlife.net/u/j_espo1)\ **Post date:** [April 21, 2008, 8:54am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/217 "2008-04-21T08:54:46Z")
> [@JayS](#): > > So take my bet. Either you honestly think it’s going to happen or you’re no better than the media. i honestly think it will happen. i meant $5 a gallon for 93 octane. ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [April 21, 2008, 9:51am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/218 "2008-04-21T09:51:52Z")
> [@j\_espo1](#): > > i honestly think it will happen. i meant $5 a gallon for 93 octane. If it’s the station at Millersport and N.Forest maybe because that asshole is a whole dollar higher for super than regular. I really doubt 93 hits $5 at many stations though. That would mean regular is around 4.70-4.80. ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [April 21, 2008, 10:01am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/219 "2008-04-21T10:01:51Z")
> [@JayS](#): > > If it’s the station at Millersport and N.Forest maybe because that asshole is a whole dollar higher for super than regular. > > I really doubt 93 hits $5 at many stations though. That would mean regular is around 4.70-4.80. yeah, the new one, what is that dude’s deal? I did a quick drive-through when i saw that but I felt like going in there and asking for the owner, to give him a piece of my mind. ---
**Author:** ![j\_espo1](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/j_espo1/32/7291_2.png) [@j\_espo1](https://forums.speedlife.net/u/j_espo1)\ **Post date:** [April 21, 2008, 10:09am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/220 "2008-04-21T10:09:45Z")
> [@JayS](#): > > If it’s the station at Millersport and N.Forest maybe because that asshole is a whole dollar higher for super than regular. :bigclap: someone needs to do something about that. [Previous page](https://forums.speedlife.net/t/the-oil-prices-thread/44739.md?page=10) [Next page](https://forums.speedlife.net/t/the-oil-prices-thread/44739.md?page=12)