RE:Oil price Parabolic Come on, don't play silly games. A higher oil price means more revenue for oil companies and the relationship is not linear.
Curtailed demand happens at about $120 according ot the experts, but because the supply is constrained, that would only prevent oil from moving even higher than $120, though it would take a few months to settle out there. Before that, a spike to $150 or beyond is a very real possibility.
Economics 101.
Realdude wrote: This oil price increase is just more bad news for oil stocks. I know all you pumpers are feeling the same, but you all just whistling by the graveyard afraid to voice your deepest fears. Oil needs to stay elevated between $85-90. That's it. No more. Demand destruction and over supply by many countries will start up if oil stays above $95 ish. My views are based on historical facts. And history repeats itself for those who have forgotten.