$200 oil due to Egypt unrest? (paying, dollars, crisis, bill)

[bchris02]

A friend of mine who is in the airline industry and who's livelihood depends greatly on the price of oil says oil might hit $200 in the next month because of this Egypt unrest. Does anybody else think this?

[piyf]

200, doubtful.

[Nayabone]

Won't happen.........

[slackjaw]

$500/barrel by 2010!

[roadrat]

Originally Posted by bchris02

A friend of mine who is in the airline industry and who's livelihood depends greatly on the price of oil says oil might hit $200 in the next month because of this Egypt unrest. Does anybody else think this?

I think it will hit $100.00 soon but not much more.


bill

[mathjak107]

Originally Posted by bchris02

A friend of mine who is in the airline industry and who's livelihood depends greatly on the price of oil says oil might hit $200 in the next month because of this Egypt unrest. Does anybody else think this?

nooooooooooooooooooo.

[Philip T]

Not unless it spills over into Saudi.

Which is not likely, as Egypt's troubles were probably at least partly sponsored by US.

[nyyfanatic85]

Egypt has little oil to speak of. The only way this gains any traction is if the Egyptian crisis becomes a Middle East crisis. Once Mubarak finally steps down, then much of the popular anger will die down as well.

[las vegas drunk]

The main issue will be if the Suiz canal gets shut down. It it does, watch out!

[steel7]

According to a shell station owner in town he says he was told gas is suppose to hit $4.38 gal in ca in 2 months. Right now im paying $3.26 gal. Two dollars too much.