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WTI Crude Oil To Test $65 Level In 2013

Seeking Alpha -- WTI closed November just shy of $89 a barrel, on hopes of an improving economy. I think there is an argument for an improving economy in 2013, but it is just too early to tell how things are going to come together with the economy, and all the ramifications of basically an anti-business and social agenda political leadership of the last four years.

I am not making a political statement that there aren't some benefits to be gained by such governmental policies, more to state the fact that with a lot of the legislative and fiscal policies of the last four years, we have yet to fully understand some of the costs and unintended consequences of these policies like higher taxes, increased healthcare costs, and increased business regulation costs.

So this is an area that remains to be seen ...

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Submitted Dec 02, 2012 By: brbaritone

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honda0105 Champion Author Tallahassee Posts:18,590 Points:1,606,595 Joined:Nov 2008	Message Posted: Dec 5, 2012 3:44:27 AM Ignore honda0105 Report Abuse I'm sure that the article writer has a pretty good crystal ball.
ToolinIt Champion Author Colorado Posts:1,803 Points:884,570 Joined:May 2010	Message Posted: Dec 3, 2012 1:35:38 PM Ignore ToolinIt Report Abuse Whats it matter? It all gets exported anyway.
Jeff4U Champion Author Atlanta Posts:8,733 Points:1,849,445 Joined:Nov 2004	Message Posted: Dec 3, 2012 8:20:53 AM Ignore Jeff4U Report Abuse I suppose there's nothing wrong with having a fantasy.
SkooterG Champion Author Phoenix Posts:1,359 Points:327,835 Joined:May 2012	Message Posted: Dec 3, 2012 1:00:26 AM Ignore SkooterG Report Abuse Ok......
iFueler Champion Author Durham Posts:64,308 Points:175,500 Joined:Nov 2012	Message Posted: Dec 2, 2012 10:40:58 PM Ignore iFueler Report Abuse time will tell
MDTDriver Champion Author California Posts:9,714 Points:2,152,695 Joined:Jul 2006	Message Posted: Dec 2, 2012 10:09:53 PM Ignore MDTDriver Report Abuse We do not have a new president so nothing will change!
blazerbob91 Champion Author Milwaukee Posts:6,125 Points:1,880,270 Joined:Aug 2005	Message Posted: Dec 2, 2012 10:08:27 PM Ignore blazerbob91 Report Abuse Gotta see it to believe it.
cheaper0ON All-Star Author Ontario Posts:968 Points:395,130 Joined:Jan 2012	Message Posted: Dec 2, 2012 10:02:50 PM Ignore cheaper0ON Report Abuse We will see.
joel27nc Champion Author Raleigh Posts:10,522 Points:1,855,445 Joined:Mar 2008	Message Posted: Dec 2, 2012 10:02:06 PM Ignore joel27nc Report Abuse Can we test $40 levels?
Toppers Champion Author Atlanta Posts:8,997 Points:2,467,770 Joined:Mar 2005	Message Posted: Dec 2, 2012 10:02:05 PM Ignore Toppers Report Abuse Just waiting to see how that works!
eomc17 Champion Author Tucson Posts:1,822 Points:134,145 Joined:Mar 2007	Message Posted: Dec 2, 2012 9:57:38 PM Ignore eomc17 Report Abuse Whatever...and gas prices will to to record highs again, just like this year and last year. Big FFFFing deal.
The3rd Champion Author Jacksonville Posts:2,851 Points:826,560 Joined:Jul 2004	Message Posted: Dec 2, 2012 9:54:52 PM Ignore The3rd Report Abuse ooooooooooooooookkkkkkkkkkkk
thunderstruck All-Star Author Chicago Posts:706 Points:731,775 Joined:Apr 2005	Message Posted: Dec 2, 2012 9:54:28 PM Ignore thunderstruck Report Abuse they are 3 occupations where they should only get paid if they are right?
TheHermit Champion Author Maine Posts:3,404 Points:127,030 Joined:May 2012	Message Posted: Dec 2, 2012 9:53:20 PM Ignore TheHermit Report Abuse Mr Bill W is correct
Mr_Bill_W All-Star Author Virginia Posts:566 Points:356,010 Joined:Feb 2012	Message Posted: Dec 2, 2012 9:51:08 PM Ignore Mr_Bill_W Report Abuse Question: What do meterologigists, petroleum prognostication and politicians have in common? Answer: They are three of a hand full of occupations where the individuals holding them can be wrong more often than they are correct and still retain their employment...
bra0712 Champion Author Arizona Posts:3,655 Points:765,870 Joined:Nov 2008	Message Posted: Dec 2, 2012 9:51:03 PM Ignore bra0712 Report Abuse hmmm? we shall see
Is246 Champion Author Albuquerque Posts:1,007 Points:425,045 Joined:Apr 2011	Message Posted: Dec 2, 2012 9:50:56 PM Ignore Is246 Report Abuse It would be good, but lets wait and see.
mstearno Champion Author Dayton Posts:8,048 Points:1,728,210 Joined:Jan 2008	Message Posted: Dec 2, 2012 9:50:37 PM Ignore mstearno Report Abuse don't bet on it
ty58 Veteran Author Akron Posts:320 Points:482,280 Joined:Jun 2011	Message Posted: Dec 2, 2012 9:45:01 PM Ignore ty58 Report Abuse we'll see
gumbyrex Champion Author Fresno Posts:3,281 Points:756,040 Joined:Mar 2011	Message Posted: Dec 2, 2012 9:43:56 PM Ignore gumbyrex Report Abuse I don't think I'll be holding my breath. If it happens great, if not well...
TTQuattro Rookie Author Indiana Posts:72 Points:45,060 Joined:Oct 2012	Message Posted: Dec 2, 2012 9:40:39 PM Ignore TTQuattro Report Abuse what
dan30thz28 Champion Author New Jersey Posts:5,898 Points:1,978,990 Joined:Feb 2006	Message Posted: Dec 2, 2012 9:36:21 PM Ignore dan30thz28 Report Abuse Whatever!
ItsMorph Champion Author Grand Rapids Posts:33,410 Points:3,182,380 Joined:Mar 2004	Message Posted: Dec 2, 2012 9:36:10 PM Ignore ItsMorph Report Abuse
thunderstruck All-Star Author Chicago Posts:706 Points:731,775 Joined:Apr 2005	Message Posted: Dec 2, 2012 9:33:55 PM Ignore thunderstruck Report Abuse Chaka, Chaka, Chaka, Chaka Khan Chaka Khan, Chaka Khan, Chaka Khan Chaka Khan, let me rock you Let me rock you, Chaka Khan Let me rock you, that's all I wanna do Chaka Khan, let me rock you Let me rock you, Chaka Khan Let me rock you, let me feel for you Chaka Khan let me tell you what I wanna do Do you feel for me, the way I feel for you Chaka Khan let me tell you what I wanna do I wanna love you, wanna hug you, wanna squeeze you too Let me take you in my arms Let me fill you with my charms, Chaka 'Cause you know that I'm the one to keep you warm Chaka, I'll make you more than just a physical dream I wanna rock you, Chaka Baby, cause you make me wanna scream
kbierley Champion Author Dayton Posts:10,730 Points:1,415,690 Joined:Nov 2003	Message Posted: Dec 2, 2012 9:30:54 PM Ignore kbierley Report Abuse Test?
Dragnet Champion Author Arizona Posts:15,390 Points:2,905,735 Joined:Jul 2004	Message Posted: Dec 2, 2012 9:27:22 PM Ignore Dragnet Report Abuse Respect is earned not freely given. Obama hasn't earned anything except a gold medal for killing America.
jrsva Champion Author Virginia Posts:9,835 Points:1,610,075 Joined:Jan 2006	Message Posted: Dec 2, 2012 9:23:42 PM Ignore jrsva Report Abuse “Not with the NoBama administration running the country into the ground...” Wayoung and the rest of the right-wingers in GB land: President Barack Obama won re-election by a significant margin. He is your president as well as mine and will be for the next 4 years. Now is the time to stop the childish, disparaging word games with his name and pay respect to the Office of the President, even if you do not like its current occupant. The time will come when someone you approve of will hold this office, at which time you will not appreciate this sort of trash talk.
vcsuksu21 Champion Author Oklahoma City Posts:2,468 Points:704,430 Joined:Dec 2010	Message Posted: Dec 2, 2012 9:22:45 PM Ignore vcsuksu21 Report Abuse That would be nice but I bet the gas price does not go down
abcdMA Champion Author Worcester Posts:7,907 Points:1,571,955 Joined:Nov 2008	Message Posted: Dec 2, 2012 9:21:08 PM Ignore abcdMA Report Abuse A sign of a depressed economy
skybiker Champion Author South Carolina Posts:7,282 Points:1,556,590 Joined:Jul 2008	Message Posted: Dec 2, 2012 9:20:44 PM Ignore skybiker Report Abuse Not with this Prezzy...
SUPERQUACK Champion Author Sacramento Posts:6,106 Points:1,908,580 Joined:Jun 2007	Message Posted: Dec 2, 2012 9:20:42 PM Ignore SUPERQUACK Report Abuse TEST LEVEL ????????????????????????
BigKart All-Star Author Indianapolis Posts:753 Points:222,345 Joined:Apr 2011	Message Posted: Dec 2, 2012 9:20:41 PM Ignore BigKart Report Abuse Fiscal cliff may make for cheaper fuel. Be careful what you wish for.
goodbuy Champion Author Michigan Posts:7,653 Points:1,419,555 Joined:May 2005	Message Posted: Dec 2, 2012 9:18:07 PM Ignore goodbuy Report Abuse Cheap gas would be good.
WebGabe Champion Author Pennsylvania Posts:2,354 Points:493,695 Joined:Jun 2007	Message Posted: Dec 2, 2012 9:15:18 PM Ignore WebGabe Report Abuse There's hard history coming, folks.
jorod55 Champion Author California Posts:1,460 Points:428,700 Joined:Dec 2011	Message Posted: Dec 2, 2012 9:15:16 PM Ignore jorod55 Report Abuse But will gas for the consumer follow?
wayoung56 Champion Author Alabama Posts:2,785 Points:815,310 Joined:Oct 2006	Message Posted: Dec 2, 2012 9:13:31 PM Ignore wayoung56 Report Abuse Not with the NoBama administration running the country into the ground...
JENNYHK Champion Author Chicago Posts:3,626 Points:710,620 Joined:Apr 2011	Message Posted: Dec 2, 2012 9:12:54 PM Ignore JENNYHK Report Abuse I will not hold my breath.
WIPACKERFAN Champion Author Chicago Posts:8,789 Points:1,840,525 Joined:Aug 2005	Message Posted: Dec 2, 2012 9:08:01 PM Ignore WIPACKERFAN Report Abuse OK
petrpuck All-Star Author Hamilton Posts:559 Points:416,210 Joined:Nov 2011	Message Posted: Dec 2, 2012 9:06:31 PM Ignore petrpuck Report Abuse Mmmmmmmmmmmmmmmmmmmmmmmmmm.....................
RAKARWOWSKI Champion Author Chicago Posts:3,985 Points:818,100 Joined:Jan 2011	Message Posted: Dec 2, 2012 9:05:36 PM Ignore RAKARWOWSKI Report Abuse A lot of hot air.
granitestater Champion Author New Hampshire Posts:8,805 Points:1,427,825 Joined:Oct 2008	Message Posted: Dec 2, 2012 9:04:20 PM Ignore granitestater Report Abuse The overhead costs generated by Democrat interference in the general flow of business tends to raise the price of everything...
tspaldi Champion Author Provo Posts:6,008 Points:933,440 Joined:Sep 2010	Message Posted: Dec 2, 2012 9:01:45 PM Ignore tspaldi Report Abuse With the democrats in office I should be getting FREE gas with my FREE healthcare!! And while they are at it pay my mortgage also...
smokinjoe54 Champion Author Ohio Posts:4,703 Points:909,610 Joined:Feb 2010	Message Posted: Dec 2, 2012 9:00:02 PM Ignore smokinjoe54 Report Abuse Keep dropping
mdotson Champion Author Grand Rapids Posts:8,632 Points:1,988,015 Joined:Mar 2004	Message Posted: Dec 2, 2012 8:58:06 PM Ignore mdotson Report Abuse I hope so
rawdog1313 Champion Author Lexington Posts:3,284 Points:1,639,880 Joined:May 2008	Message Posted: Dec 2, 2012 8:56:18 PM Ignore rawdog1313 Report Abuse Congress should Regulate Oil Speculation, but hell that means they would actually be doing something! Damn teabaggers!
Lizzylou Champion Author Stockton Posts:8,818 Points:2,357,285 Joined:Oct 2005	Message Posted: Dec 2, 2012 8:55:34 PM Ignore Lizzylou Report Abuse ME TOO troutbum7
NemoIL Champion Author Illinois Posts:3,010 Points:1,310,195 Joined:Aug 2008	Message Posted: Dec 2, 2012 8:55:28 PM Ignore NemoIL Report Abuse As our economy continues to collapse, prices of crude will continue to decline.
troutbum7 Veteran Author Nevada Posts:306 Points:154,665 Joined:Oct 2012	Message Posted: Dec 2, 2012 8:53:55 PM Ignore troutbum7 Report Abuse I am so confused!
Taurus1 Champion Author Ohio Posts:3,115 Points:1,670,700 Joined:Apr 2006	Message Posted: Dec 2, 2012 8:47:44 PM Ignore Taurus1 Report Abuse Confuses me; I just want to see the price at the pump.
toadNY Champion Author Albany Posts:7,027 Points:1,510,225 Joined:Apr 2008	Message Posted: Dec 2, 2012 8:44:59 PM Ignore toadNY Report Abuse obama said high oil an gas prices are good. it means the economy is doing good.