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GasBuddy News Article

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"Forget Peak Oil - Oil Will Crash to $50", says one investor

GasBuddy Blog -- It's not often you read predictions of falling oil prices but self-made multi-millionaire trader and investor Vince Stanzione is betting on lower oil prices in the next 5 years and a boom in U.S. oil & gas production that will give the American economy a well-needed boost that could see the country not only being totally energy independent but an actual net exporter by 2020 - too good to be true? A recently issued report by a trading company sheds some light on the perhaps drastic prediction.

Before dismissing the call as crackpot, Stanzione is well-known for his contra financial calls such as the one he made in September 2011 that the Dow Jones would bounce back and hit a new high in 2013, which currently looks on track and stands...


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Submitted Sep 30, 2012 By: PD
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Author Topic: "Forget Peak Oil - Oil Will Crash to $50", says one investor Back to Topics
REPLIES (newest first) Post a Reply
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FaithAlone
Champion Author Rio Grande Valley

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Message Posted: Jan 3, 2013 10:43:51 AM

Donatelo, we don't export our oil. It's currently against federal law to do so.
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Donatelo
Champion Author Dayton

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Message Posted: Jan 3, 2013 9:28:11 AM

why we export our oil is beyond me.
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rwsb30
All-Star Author Dayton

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Message Posted: Jan 3, 2013 1:32:07 AM

I can hardly wait.
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Gas4Gore
Champion Author Detroit

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Message Posted: Jan 2, 2013 10:38:00 PM

Nuh.
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indyjim
Champion Author Indianapolis

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Message Posted: Dec 27, 2012 8:27:51 AM

Oil may crash to $50, but gas prices will remain high thanks to the lack of attention by our legislators.
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99dakota
Champion Author Providence

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Message Posted: Dec 27, 2012 4:53:08 AM

Remember peak oil?
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Southwpg
Rookie Author Winnipeg

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Message Posted: Dec 15, 2012 2:30:46 PM

We need a drop in gas prices. Its not even fun to drive anymore.
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Chem60
Champion Author Tallahassee

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Message Posted: Dec 15, 2012 8:34:30 AM

I find it hard to believe.
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skidsteer85xt
Champion Author Indiana

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Message Posted: Dec 5, 2012 11:10:19 PM

i think you could b right.
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gasokie
Champion Author Oklahoma

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Message Posted: Dec 5, 2012 7:06:03 PM

Scrooge
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Gas4Gore
Champion Author Detroit

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Message Posted: Dec 5, 2012 5:46:19 PM

I won't bet on it.
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coffeebrake1015
Champion Author Florida

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Message Posted: Dec 4, 2012 6:13:14 PM

we will see it go down to $1,59.
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rickfro
All-Star Author San Diego

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Message Posted: Dec 1, 2012 8:47:45 PM

I hope so. I'd love to see $2/gal gas again.
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Snowchoux
Champion Author Missouri

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Message Posted: Dec 1, 2012 10:31:14 AM

I hope in my lifetime.
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heydano67
Champion Author California

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Message Posted: Nov 30, 2012 4:01:45 PM

Would love to see this sooner
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txrojo2005
Champion Author Austin

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Message Posted: Nov 29, 2012 2:45:14 PM

Five years. I may be dead by then.
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dockersbin
Veteran Author North Carolina

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Message Posted: Nov 29, 2012 11:47:11 AM

Not holding my breath but if it means lower gas prices, bring it on!
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Vette1967
Champion Author Albany

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Message Posted: Nov 28, 2012 12:35:18 AM

Okay...we're waiting.
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Romey08
Champion Author Virginia

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Message Posted: Nov 26, 2012 8:39:06 PM

Only if Congress do not resolve the fiscal cliff and we fall back in a deeper recession along with the rest of the world
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DeserTBoB
Champion Author California

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Message Posted: Nov 26, 2012 3:13:05 PM

This guy's nuts. Crude will NEVER AGAIN hit $50 or lower.
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rickfro
All-Star Author San Diego

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Message Posted: Nov 25, 2012 3:12:59 PM

Let's hope so.
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dockersbin
Veteran Author North Carolina

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Message Posted: Nov 23, 2012 10:55:45 AM

Ride the wave!
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4wheel
Champion Author Pittsburgh

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Message Posted: Nov 23, 2012 7:37:58 AM

Dont hold your breath!
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VomVom
Champion Author Calgary

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Message Posted: Nov 22, 2012 2:37:26 PM

The first Peak Oil projection was proposed by M King Hubbert in 1956 but was based on recovery and production technologies back at the time. With advancement in technologies, new Peak Oil curves should be produced.
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VomVom
Champion Author Calgary

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Message Posted: Nov 22, 2012 2:37:18 PM

The first Peak Oil projection was proposed by M King Hubbert in 1956 but was based on recovery and production technologies back at the time. With advancement in technologies, new Peak Oil curves should be produced.
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DeserTBoB
Champion Author California

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Message Posted: Nov 22, 2012 12:08:22 PM

Stanzione is a con artist/market manipulator. Not gonna happen, folks. When crude falls on the world market, China will simply snap it up to drive spot market prices higher. As to Stanzione's "market prediction?" Yeah, right...he and about 5,000,000 other "analysts" said the same, exact thing.
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BeeDee53
All-Star Author Ontario

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Message Posted: Nov 22, 2012 10:54:44 AM

99 dakota is right on! I was told the water level in lake Erie was going to be too low for ship navigation by the 70s, by the late 80s there were lakeside cottages being washed out by high water.

The experts program their computers with current trends, and add variables that they consider likely. This is why weather forecasts are only considered accurate for 5 days in the future.

There is SOME junk science out there, and some predictions on the economy and energy are way off. How many news items have you heard that begin with " Economists were suprised"? Some predictions are later proven so totally false that one begins to think they are propaganda meant to condition us to being exploited by Wall street.
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99dakota
Champion Author Providence

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Message Posted: Nov 22, 2012 9:47:55 AM

Peak oil one year, lots of oil a few years later. Global cooling alarms in the 70's, global warming alarms a decade or two later. The "experts" really are not that expert after all...
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TOOMUCH
Sophomore Author Toronto

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Message Posted: Nov 19, 2012 4:28:24 PM

whistling in the wind
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gasokie
Champion Author Oklahoma

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Message Posted: Nov 19, 2012 1:50:44 PM

I think he might be right. As we increase domestic energy production oil prices will trend down.
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steelydawn
Rookie Author Winnipeg

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Message Posted: Nov 19, 2012 12:16:34 PM

We need better energy efficient/hybrid cars. Electric cars need to be made more efficient in cold weather and the batteries need to last longer and have better guarantees. Forcing the population with old, gas gusler's to buy more energy efficient cars would be a bonus.
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ktyson13
Champion Author Maryland

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Message Posted: Nov 19, 2012 10:42:47 AM

Try 10 dollars!
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Donatelo
Champion Author Dayton

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Message Posted: Nov 16, 2012 10:04:56 AM

increase in natural gas use should also help.
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99dakota
Champion Author Providence

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Message Posted: Nov 16, 2012 5:28:52 AM

RIP Peak Oil
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Vette1967
Champion Author Albany

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Message Posted: Nov 15, 2012 12:26:38 AM

It's only a matter of what that translates into gasoline cost per gallon that counts.

[Edited by: Vette1967 at 11/15/2012 1:27:43 AM EST]
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benjy
Champion Author Chicago

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Message Posted: Nov 14, 2012 9:36:15 PM

be still my heart...
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bady777
All-Star Author Edmonton

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Message Posted: Nov 14, 2012 10:10:33 AM

Let's hope
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99dakota
Champion Author Providence

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Message Posted: Nov 14, 2012 5:25:37 AM

RIP Peak Oil!
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CapriceWagon
Champion Author Washington

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Message Posted: Nov 13, 2012 4:14:14 PM

Still Waiting
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omega_jeff
Veteran Author Oakland

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Message Posted: Nov 12, 2012 12:12:45 PM

Predictors predicting
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drpepperTX
Champion Author Texas

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Message Posted: Nov 12, 2012 11:46:39 AM

When will this crash begin?
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wayne2nd
Rookie Author Champaign

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Message Posted: Nov 12, 2012 10:16:25 AM

50 dollar oil would be awesome.
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rickfro
All-Star Author San Diego

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Message Posted: Nov 11, 2012 7:01:18 PM

Let's hope.
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benjy
Champion Author Chicago

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Message Posted: Nov 11, 2012 11:36:17 AM

I like this guy...
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hjbreese
Rookie Author Fort Worth

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Message Posted: Nov 10, 2012 6:08:42 PM

Bring on the cheap stuff! I would love to "hit the road again".
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six_ball_man
Champion Author Rochester

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Message Posted: Nov 10, 2012 2:36:01 PM

great! I could use some $1.50 gas
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Donatelo
Champion Author Dayton

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Message Posted: Nov 10, 2012 11:13:45 AM

ok
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Donatelo
Champion Author Dayton

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Message Posted: Nov 9, 2012 9:26:29 AM

ok
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gasokie
Champion Author Oklahoma

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Message Posted: Nov 7, 2012 5:34:43 PM

Lots of luck with that hopeful thought. We could be energy independent OK but the world price of oil will still influence domestic oil which may be a good thing in the big picture. But I think oil will steady out at about 80 bucks by then...depending on the diminishing value of the dollar.
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MrLefty0706
Champion Author Chicago

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Message Posted: Nov 6, 2012 11:46:43 PM

Would like to see the price go below $80 a barrel.
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