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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:18,643 Points:1,611,470 Joined:Nov 2008	Message Posted: Dec 5, 2012 4:44:27 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:888,945 Joined:May 2010	Message Posted: Dec 3, 2012 2:35:38 PM Ignore ToolinIt Report Abuse Whats it matter? It all gets exported anyway.
Jeff4U Champion Author Atlanta Posts:8,767 Points:1,855,070 Joined:Nov 2004	Message Posted: Dec 3, 2012 9:20:53 AM Ignore Jeff4U Report Abuse I suppose there's nothing wrong with having a fantasy.
SkooterG Champion Author Phoenix Posts:1,359 Points:329,335 Joined:May 2012	Message Posted: Dec 3, 2012 2:00:26 AM Ignore SkooterG Report Abuse Ok......
iFueler Champion Author Durham Posts:64,433 Points:181,225 Joined:Nov 2012	Message Posted: Dec 2, 2012 11:40:58 PM Ignore iFueler Report Abuse time will tell
MDTDriver Champion Author California Posts:9,734 Points:2,157,345 Joined:Jul 2006	Message Posted: Dec 2, 2012 11:09:53 PM Ignore MDTDriver Report Abuse We do not have a new president so nothing will change!
blazerbob91 Champion Author Milwaukee Posts:6,155 Points:1,885,620 Joined:Aug 2005	Message Posted: Dec 2, 2012 11:08:27 PM Ignore blazerbob91 Report Abuse Gotta see it to believe it.
cheaper0ON All-Star Author Ontario Posts:993 Points:400,005 Joined:Jan 2012	Message Posted: Dec 2, 2012 11:02:50 PM Ignore cheaper0ON Report Abuse We will see.
joel27nc Champion Author Raleigh Posts:10,552 Points:1,861,295 Joined:Mar 2008	Message Posted: Dec 2, 2012 11:02:06 PM Ignore joel27nc Report Abuse Can we test $40 levels?
Toppers Champion Author Atlanta Posts:9,022 Points:2,472,645 Joined:Mar 2005	Message Posted: Dec 2, 2012 11:02:05 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 10:57:38 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:2,876 Points:828,435 Joined:Jul 2004	Message Posted: Dec 2, 2012 10:54:52 PM Ignore The3rd Report Abuse ooooooooooooooookkkkkkkkkkkk
thunderstruck All-Star Author Chicago Posts:711 Points:736,150 Joined:Apr 2005	Message Posted: Dec 2, 2012 10:54:28 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:128,230 Joined:May 2012	Message Posted: Dec 2, 2012 10:53:20 PM Ignore TheHermit Report Abuse Mr Bill W is correct
Mr_Bill_W All-Star Author Virginia Posts:566 Points:359,760 Joined:Feb 2012	Message Posted: Dec 2, 2012 10:51:08 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:3,675 Points:770,520 Joined:Nov 2008	Message Posted: Dec 2, 2012 10:51:03 PM Ignore bra0712 Report Abuse hmmm? we shall see
Is246 Champion Author Albuquerque Posts:1,019 Points:428,710 Joined:Apr 2011	Message Posted: Dec 2, 2012 10:50:56 PM Ignore Is246 Report Abuse It would be good, but lets wait and see.
mstearno Champion Author Dayton Posts:8,080 Points:1,734,140 Joined:Jan 2008	Message Posted: Dec 2, 2012 10:50:37 PM Ignore mstearno Report Abuse don't bet on it
ty58 Veteran Author Akron Posts:320 Points:486,030 Joined:Jun 2011	Message Posted: Dec 2, 2012 10:45:01 PM Ignore ty58 Report Abuse we'll see
gumbyrex Champion Author Fresno Posts:3,311 Points:761,240 Joined:Mar 2011	Message Posted: Dec 2, 2012 10:43:56 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 10:40:39 PM Ignore TTQuattro Report Abuse what
dan30thz28 Champion Author New Jersey Posts:5,923 Points:1,983,965 Joined:Feb 2006	Message Posted: Dec 2, 2012 10:36:21 PM Ignore dan30thz28 Report Abuse Whatever!
ItsMorph Champion Author Grand Rapids Posts:33,452 Points:3,188,105 Joined:Mar 2004	Message Posted: Dec 2, 2012 10:36:10 PM Ignore ItsMorph Report Abuse
thunderstruck All-Star Author Chicago Posts:711 Points:736,150 Joined:Apr 2005	Message Posted: Dec 2, 2012 10:33:55 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 10:30:54 PM Ignore kbierley Report Abuse Test?
Dragnet Champion Author Arizona Posts:15,417 Points:2,910,710 Joined:Jul 2004	Message Posted: Dec 2, 2012 10:27:22 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:9,866 Points:1,615,135 Joined:Jan 2006	Message Posted: Dec 2, 2012 10:23:42 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:2,478 Points:708,280 Joined:Dec 2010	Message Posted: Dec 2, 2012 10:22:45 PM Ignore vcsuksu21 Report Abuse That would be nice but I bet the gas price does not go down
abcdMA Champion Author Worcester Posts:7,937 Points:1,577,905 Joined:Nov 2008	Message Posted: Dec 2, 2012 10:21:08 PM Ignore abcdMA Report Abuse A sign of a depressed economy
skybiker Champion Author South Carolina Posts:7,308 Points:1,561,465 Joined:Jul 2008	Message Posted: Dec 2, 2012 10:20:44 PM Ignore skybiker Report Abuse Not with this Prezzy...
SUPERQUACK Champion Author Sacramento Posts:6,136 Points:1,913,780 Joined:Jun 2007	Message Posted: Dec 2, 2012 10:20:42 PM Ignore SUPERQUACK Report Abuse TEST LEVEL ????????????????????????
BigKart All-Star Author Indianapolis Posts:776 Points:227,100 Joined:Apr 2011	Message Posted: Dec 2, 2012 10:20:41 PM Ignore BigKart Report Abuse Fiscal cliff may make for cheaper fuel. Be careful what you wish for.
goodbuy Champion Author Michigan Posts:7,678 Points:1,424,530 Joined:May 2005	Message Posted: Dec 2, 2012 10:18:07 PM Ignore goodbuy Report Abuse Cheap gas would be good.
WebGabe Champion Author Pennsylvania Posts:2,379 Points:498,570 Joined:Jun 2007	Message Posted: Dec 2, 2012 10:15:18 PM Ignore WebGabe Report Abuse There's hard history coming, folks.
jorod55 Champion Author California Posts:1,485 Points:433,675 Joined:Dec 2011	Message Posted: Dec 2, 2012 10:15:16 PM Ignore jorod55 Report Abuse But will gas for the consumer follow?
wayoung56 Champion Author Alabama Posts:2,815 Points:821,260 Joined:Oct 2006	Message Posted: Dec 2, 2012 10:13:31 PM Ignore wayoung56 Report Abuse Not with the NoBama administration running the country into the ground...
JENNYHK Champion Author Chicago Posts:3,651 Points:715,495 Joined:Apr 2011	Message Posted: Dec 2, 2012 10:12:54 PM Ignore JENNYHK Report Abuse I will not hold my breath.
WIPACKERFAN Champion Author Chicago Posts:8,814 Points:1,845,400 Joined:Aug 2005	Message Posted: Dec 2, 2012 10:08:01 PM Ignore WIPACKERFAN Report Abuse OK
petrpuck All-Star Author Hamilton Posts:559 Points:420,060 Joined:Nov 2011	Message Posted: Dec 2, 2012 10:06:31 PM Ignore petrpuck Report Abuse Mmmmmmmmmmmmmmmmmmmmmmmmmm.....................
RAKARWOWSKI Champion Author Chicago Posts:4,010 Points:822,975 Joined:Jan 2011	Message Posted: Dec 2, 2012 10:05:36 PM Ignore RAKARWOWSKI Report Abuse A lot of hot air.
granitestater Champion Author New Hampshire Posts:8,836 Points:1,432,700 Joined:Oct 2008	Message Posted: Dec 2, 2012 10:04:20 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:6,035 Points:938,415 Joined:Sep 2010	Message Posted: Dec 2, 2012 10:01:45 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:4,728 Points:914,485 Joined:Feb 2010	Message Posted: Dec 2, 2012 10:00:02 PM Ignore smokinjoe54 Report Abuse Keep dropping
mdotson Champion Author Grand Rapids Posts:8,661 Points:1,992,990 Joined:Mar 2004	Message Posted: Dec 2, 2012 9:58:06 PM Ignore mdotson Report Abuse I hope so
rawdog1313 Champion Author Lexington Posts:3,319 Points:1,645,830 Joined:May 2008	Message Posted: Dec 2, 2012 9:56:18 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 9:55:34 PM Ignore Lizzylou Report Abuse ME TOO troutbum7
NemoIL Champion Author Illinois Posts:3,035 Points:1,315,170 Joined:Aug 2008	Message Posted: Dec 2, 2012 9:55:28 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:158,040 Joined:Oct 2012	Message Posted: Dec 2, 2012 9:53:55 PM Ignore troutbum7 Report Abuse I am so confused!
Taurus1 Champion Author Ohio Posts:3,140 Points:1,676,425 Joined:Apr 2006	Message Posted: Dec 2, 2012 9:47:44 PM Ignore Taurus1 Report Abuse Confuses me; I just want to see the price at the pump.
toadNY Champion Author Albany Posts:7,057 Points:1,516,075 Joined:Apr 2008	Message Posted: Dec 2, 2012 9:44:59 PM Ignore toadNY Report Abuse obama said high oil an gas prices are good. it means the economy is doing good.