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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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FaithAlone Champion Author Rio Grande Valley Posts:10,411 Points:1,922,705 Joined:Jun 2006	Message Posted: Jan 3, 2013 11:43:51 AM Ignore FaithAlone Report Abuse Donatelo, we don't export our oil. It's currently against federal law to do so.
Donatelo Champion Author Dayton Posts:1,129 Points:295,245 Joined:Apr 2011	Message Posted: Jan 3, 2013 10:28:11 AM Ignore Donatelo Report Abuse why we export our oil is beyond me.
rwsb30 All-Star Author Dayton Posts:559 Points:112,680 Joined:Jul 2008	Message Posted: Jan 3, 2013 2:32:07 AM Ignore rwsb30 Report Abuse I can hardly wait.
Gas4Gore Champion Author Detroit Posts:2,436 Points:426,800 Joined:Jan 2010	Message Posted: Jan 2, 2013 11:38:00 PM Ignore Gas4Gore Report Abuse Nuh.
indyjim Champion Author Indianapolis Posts:10,111 Points:2,322,355 Joined:Jul 2006	Message Posted: Dec 27, 2012 9:27:51 AM Ignore indyjim Report Abuse Oil may crash to $50, but gas prices will remain high thanks to the lack of attention by our legislators.
99dakota Champion Author Providence Posts:8,127 Points:2,175,925 Joined:Oct 2006	Message Posted: Dec 27, 2012 5:53:08 AM Ignore 99dakota Report Abuse Remember peak oil?
Southwpg Rookie Author Winnipeg Posts:32 Points:281,625 Joined:Oct 2008	Message Posted: Dec 15, 2012 3:30:46 PM Ignore Southwpg Report Abuse We need a drop in gas prices. Its not even fun to drive anymore.
Chem60 Champion Author Tallahassee Posts:3,837 Points:815,975 Joined:Oct 2010	Message Posted: Dec 15, 2012 9:34:30 AM Ignore Chem60 Report Abuse I find it hard to believe.
skidsteer85xt Champion Author Indiana Posts:3,667 Points:189,850 Joined:Oct 2012	Message Posted: Dec 6, 2012 12:10:19 AM Ignore skidsteer85xt Report Abuse i think you could b right.
gasokie Champion Author Oklahoma Posts:3,450 Points:1,327,140 Joined:May 2007	Message Posted: Dec 5, 2012 8:06:03 PM Ignore gasokie Report Abuse Scrooge
Gas4Gore Champion Author Detroit Posts:2,436 Points:426,800 Joined:Jan 2010	Message Posted: Dec 5, 2012 6:46:19 PM Ignore Gas4Gore Report Abuse I won't bet on it.
coffeebrake1015 Champion Author Florida Posts:1,258 Points:281,860 Joined:May 2012	Message Posted: Dec 4, 2012 7:13:14 PM Ignore coffeebrake1015 Report Abuse we will see it go down to $1,59.
rickfro All-Star Author San Diego Posts:685 Points:329,345 Joined:Nov 2008	Message Posted: Dec 1, 2012 9:47:45 PM Ignore rickfro Report Abuse I hope so. I'd love to see $2/gal gas again.
Snowchoux Champion Author Missouri Posts:1,003 Points:145,635 Joined:Sep 2012	Message Posted: Dec 1, 2012 11:31:14 AM Ignore Snowchoux Report Abuse I hope in my lifetime.
heydano67 Champion Author California Posts:1,681 Points:360,460 Joined:Feb 2012	Message Posted: Nov 30, 2012 5:01:45 PM Ignore heydano67 Report Abuse Would love to see this sooner
txrojo2005 All-Star Author Austin Posts:770 Points:482,135 Joined:May 2011	Message Posted: Nov 29, 2012 3:45:14 PM Ignore txrojo2005 Report Abuse Five years. I may be dead by then.
dockersbin Veteran Author Virginia Beach Posts:407 Points:262,635 Joined:May 2006	Message Posted: Nov 29, 2012 12:47:11 PM Ignore dockersbin Report Abuse Not holding my breath but if it means lower gas prices, bring it on!
Vette1967 Champion Author Albany Posts:5,982 Points:1,278,925 Joined:Jun 2009	Message Posted: Nov 28, 2012 1:35:18 AM Ignore Vette1967 Report Abuse Okay...we're waiting.
Romey08 Champion Author Virginia Posts:6,311 Points:1,436,490 Joined:Apr 2008	Message Posted: Nov 26, 2012 9:39:06 PM Ignore Romey08 Report Abuse Only if Congress do not resolve the fiscal cliff and we fall back in a deeper recession along with the rest of the world
DeserTBoB Champion Author California Posts:1,349 Points:203,125 Joined:Aug 2012	Message Posted: Nov 26, 2012 4:13:05 PM Ignore DeserTBoB Report Abuse This guy's nuts. Crude will NEVER AGAIN hit $50 or lower.
rickfro All-Star Author San Diego Posts:685 Points:329,345 Joined:Nov 2008	Message Posted: Nov 25, 2012 4:12:59 PM Ignore rickfro Report Abuse Let's hope so.
dockersbin Veteran Author Virginia Beach Posts:407 Points:262,635 Joined:May 2006	Message Posted: Nov 23, 2012 11:55:45 AM Ignore dockersbin Report Abuse Ride the wave!
4wheel Champion Author Pittsburgh Posts:19,160 Points:2,744,665 Joined:Sep 2005	Message Posted: Nov 23, 2012 8:37:58 AM Ignore 4wheel Report Abuse Dont hold your breath!
VomVom Champion Author Calgary Posts:3,857 Points:1,627,080 Joined:May 2007	Message Posted: Nov 22, 2012 3:37:26 PM Ignore VomVom Report Abuse 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.
VomVom Champion Author Calgary Posts:3,857 Points:1,627,080 Joined:May 2007	Message Posted: Nov 22, 2012 3:37:18 PM Ignore VomVom Report Abuse 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.
DeserTBoB Champion Author California Posts:1,349 Points:203,125 Joined:Aug 2012	Message Posted: Nov 22, 2012 1:08:22 PM Ignore DeserTBoB Report Abuse 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.
BeeDee53 Sophomore Author Ontario Posts:135 Points:138,145 Joined:May 2012	Message Posted: Nov 22, 2012 11:54:44 AM Ignore BeeDee53 Report Abuse 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.
99dakota Champion Author Providence Posts:8,127 Points:2,175,925 Joined:Oct 2006	Message Posted: Nov 22, 2012 10:47:55 AM Ignore 99dakota Report Abuse 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...
TOOMUCH Sophomore Author Toronto Posts:189 Points:19,535 Joined:Jul 2003	Message Posted: Nov 19, 2012 5:28:24 PM Ignore TOOMUCH Report Abuse whistling in the wind
gasokie Champion Author Oklahoma Posts:3,450 Points:1,327,140 Joined:May 2007	Message Posted: Nov 19, 2012 2:50:44 PM Ignore gasokie Report Abuse I think he might be right. As we increase domestic energy production oil prices will trend down.
steelydawn Rookie Author Winnipeg Posts:32 Points:1,135 Joined:Jun 2011	Message Posted: Nov 19, 2012 1:16:34 PM Ignore steelydawn Report Abuse 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.
ktyson13 Champion Author Maryland Posts:1,546 Points:399,350 Joined:Aug 2010	Message Posted: Nov 19, 2012 11:42:47 AM Ignore ktyson13 Report Abuse Try 10 dollars!
Donatelo Champion Author Dayton Posts:1,129 Points:295,245 Joined:Apr 2011	Message Posted: Nov 16, 2012 11:04:56 AM Ignore Donatelo Report Abuse increase in natural gas use should also help.
99dakota Champion Author Providence Posts:8,127 Points:2,175,925 Joined:Oct 2006	Message Posted: Nov 16, 2012 6:28:52 AM Ignore 99dakota Report Abuse RIP Peak Oil
Vette1967 Champion Author Albany Posts:5,982 Points:1,278,925 Joined:Jun 2009	Message Posted: Nov 15, 2012 1:26:38 AM Ignore Vette1967 Report Abuse 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]
benjy Champion Author Chicago Posts:8,609 Points:1,791,460 Joined:Nov 2003	Message Posted: Nov 14, 2012 10:36:15 PM Ignore benjy Report Abuse be still my heart...
bady777 All-Star Author Edmonton Posts:865 Points:298,510 Joined:Jul 2011	Message Posted: Nov 14, 2012 11:10:33 AM Ignore bady777 Report Abuse Let's hope
99dakota Champion Author Providence Posts:8,127 Points:2,175,925 Joined:Oct 2006	Message Posted: Nov 14, 2012 6:25:37 AM Ignore 99dakota Report Abuse RIP Peak Oil!
CapriceWagon All-Star Author Washington Posts:949 Points:481,770 Joined:Feb 2008	Message Posted: Nov 13, 2012 5:14:14 PM Ignore CapriceWagon Report Abuse Still Waiting
omega_jeff Veteran Author Oakland Posts:436 Points:245,060 Joined:Jun 2012	Message Posted: Nov 12, 2012 1:12:45 PM Ignore omega_jeff Report Abuse Predictors predicting
drpepperTX Champion Author Texas Posts:8,964 Points:755,135 Joined:Apr 2011	Message Posted: Nov 12, 2012 12:46:39 PM Ignore drpepperTX Report Abuse When will this crash begin?
wayne2nd Rookie Author Champaign Posts:13 Points:27,185 Joined:Feb 2012	Message Posted: Nov 12, 2012 11:16:25 AM Ignore wayne2nd Report Abuse 50 dollar oil would be awesome.
rickfro All-Star Author San Diego Posts:685 Points:329,345 Joined:Nov 2008	Message Posted: Nov 11, 2012 8:01:18 PM Ignore rickfro Report Abuse Let's hope.
benjy Champion Author Chicago Posts:8,609 Points:1,791,460 Joined:Nov 2003	Message Posted: Nov 11, 2012 12:36:17 PM Ignore benjy Report Abuse I like this guy...
hjbreese Rookie Author Fort Worth Posts:13 Points:34,060 Joined:Jun 2009	Message Posted: Nov 10, 2012 7:08:42 PM Ignore hjbreese Report Abuse Bring on the cheap stuff! I would love to "hit the road again".
six_ball_man Champion Author Rochester Posts:8,558 Points:1,395,020 Joined:Oct 2007	Message Posted: Nov 10, 2012 3:36:01 PM Ignore six_ball_man Report Abuse great! I could use some $1.50 gas
Donatelo Champion Author Dayton Posts:1,129 Points:295,245 Joined:Apr 2011	Message Posted: Nov 10, 2012 12:13:45 PM Ignore Donatelo Report Abuse ok
Donatelo Champion Author Dayton Posts:1,129 Points:295,245 Joined:Apr 2011	Message Posted: Nov 9, 2012 10:26:29 AM Ignore Donatelo Report Abuse ok
gasokie Champion Author Oklahoma Posts:3,450 Points:1,327,140 Joined:May 2007	Message Posted: Nov 7, 2012 6:34:43 PM Ignore gasokie Report Abuse 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.
MrLefty0706 Champion Author Chicago Posts:1,454 Points:353,785 Joined:Apr 2012	Message Posted: Nov 7, 2012 12:46:43 AM Ignore MrLefty0706 Report Abuse Would like to see the price go below $80 a barrel.