http://ogj.pennnet.com/articles/article_display.cfm?Section=ONART&C=GenIn&ARTICLE_ID=224510&p=7 (from the Oil and Gas Journal) Quote: " HOUSTON, Apr. 1 -- March trade in the energy futures market went out like a lion with a strong price increase after equity analysts at Goldman Sachs Group Inc., New York, predicted that crude could spike to $105/bbl. The team headed by analyst Arjun Murti on Mar. 31 hiked its "super spike" estimate to $50-105/bbl, from $50-80/bbl previously, because of continued unexpected strength in world oil demand and economic growth, especially in the US and China. The group also said retail gasoline prices could hit $4/gal during the multi-year "spike" period until high prices force a reduction in oil consumption. -snip-" Something tells me the market for stinkboats might be going down if this happens..
Goldman Sachs predicts $105 barrel: =$ 6.00 gal
- Thread starter Donald6441
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Gotta love those SAILS
Last year a friend paid $250 to fill his tank (gas), I've used 17 gal. of diesel in 3 seasons. I sailed the boat everyday the first year i got it and last year we were out at least 3 days a week plus weekends. The river's going to be a lonely place this summer with all the powerboats gone.
Last year a friend paid $250 to fill his tank (gas), I've used 17 gal. of diesel in 3 seasons. I sailed the boat everyday the first year i got it and last year we were out at least 3 days a week plus weekends. The river's going to be a lonely place this summer with all the powerboats gone.
$500 Catalina Weekend
A friend who owns a recent 34' twin gas power boat spent that for a three-day trip to Catalina. Most of that was for fuel. (I think he said he used 140 gallons. It is selling for over $3/gal at the fuel dock.) He would love to unload it and buy a sailboat if he can get out from under it. And, that's now. RD
A friend who owns a recent 34' twin gas power boat spent that for a three-day trip to Catalina. Most of that was for fuel. (I think he said he used 140 gallons. It is selling for over $3/gal at the fuel dock.) He would love to unload it and buy a sailboat if he can get out from under it. And, that's now. RD
that realy sucks..
$450 in fuel? most of our sail boats wont use that much gas in their lifetime..
$450 in fuel? most of our sail boats wont use that much gas in their lifetime..
I think the market has already sloooowed
for powerboats (and sail too somewhat.) Take a look at any of the mags or brokers' web sites, everythings says major price reduction, motivated seller, make offer, etc. Around me nothing power has moved in a long, long time, (except of course for the mega yachts....if you're paying a captain $100k already, what's a little more in fuel....) BTW, if the prices climb that high, think how it's going affect the rest of our economy. Not sure we're prepared for this one...
for powerboats (and sail too somewhat.) Take a look at any of the mags or brokers' web sites, everythings says major price reduction, motivated seller, make offer, etc. Around me nothing power has moved in a long, long time, (except of course for the mega yachts....if you're paying a captain $100k already, what's a little more in fuel....) BTW, if the prices climb that high, think how it's going affect the rest of our economy. Not sure we're prepared for this one...
On the Hook Anyway
We struggle to consume a full tank of diesel per season! Glad we bought our Catalina 30!
We struggle to consume a full tank of diesel per season! Glad we bought our Catalina 30!
Much larger implications
$100 oil has much larger implications that just the cost of filling your fuel tank. Remember back to the 1970's with the oil crisis. Inflation, loss of markets, major downturn in the economy, very high interest rates, value of boats crashed.... Funny how when the price started to rocket up it was just a short term thing because of the Iraq war. Now its due to increasing global demand...
$100 oil has much larger implications that just the cost of filling your fuel tank. Remember back to the 1970's with the oil crisis. Inflation, loss of markets, major downturn in the economy, very high interest rates, value of boats crashed.... Funny how when the price started to rocket up it was just a short term thing because of the Iraq war. Now its due to increasing global demand...
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