Welcome Guest ( Log In | Register )

13 Pages « < 8 9 10 11 12 > » Bottom

Outline · [ Standard ] · Linear+

 Falling Oil Prices - Where it leaves Malaysia, Not too bad afterall

views
     
stanzai
post Mar 29 2015, 04:59 AM

Getting Started
**
Junior Member
132 posts

Joined: Jan 2008
QUOTE(supersound @ Mar 28 2015, 07:40 PM)
http://www.forbes.com/sites/christopherhel...-gas-companies/
In response for your query, it is until June only.
Get your red wine, popcorn ready thumbup.gif
*
The article is explaining the exact situation in northern america. I can tell you that Shell and BP has already been selling their assets in GOM. Even my boss tells me if the price go up to 100USD tomorrow it wont make big difference, because think about it, the crude oil has been hovering at 100US+ for so many years, and every other operating costs has been increasing consistently. So it will still not be profitable for them! unless it is 200USD icon_idea.gif

Yup, lets see how it fairs mate! thanks for the article btw.

stanzai
post Mar 29 2015, 05:04 AM

Getting Started
**
Junior Member
132 posts

Joined: Jan 2008
QUOTE(backspace66 @ Mar 28 2015, 07:51 AM)
allowed to export ultra light oil as more us refineries is already exceeding capacity to refine this.  shale oil is not condensate. the fact is still oil and gas make up 1 percent of US gdp. That is based on published figures, not anyone opinion or wild gueses
*
No one export shale! nobody wants shale. 1%GDP u must be kidding.
Common sense buddy, why do you think crude is so important to US if it is only 1%GDP.
backspace66
post Mar 29 2015, 08:24 AM

Look at all my stars!!
*******
Senior Member
2,133 posts

Joined: Nov 2007


QUOTE(stanzai @ Mar 29 2015, 05:04 AM)
No one export shale! nobody wants shale. 1%GDP u must be kidding.
Common sense buddy, why do you think crude is so important to US if it is only 1%GDP.
*
I suggest u do your math
http://www.eia.gov/dnav/pet/pet_crd_crpdn_adc_mbbl_a.htm

Only around 3 billion bbl of crude produced. Lol. even at 200 usd/ bbl , it is merely 600 billion usd, not much in term of percentage yeah? But they also import crude oil.
Us gdp is around 19 to 20 trillion USD. I do agree in absolute value, the amount seems large, but still too low considering the total gdp of USA. Maybe you can start applying your common sense on this buddy

This post has been edited by backspace66: Mar 29 2015, 08:27 AM
backspace66
post Mar 29 2015, 08:26 AM

Look at all my stars!!
*******
Senior Member
2,133 posts

Joined: Nov 2007


Edited

This post has been edited by backspace66: Mar 29 2015, 08:26 AM
nexona88
post Mar 29 2015, 12:37 PM

The Royal Club Member
*********
All Stars
41,818 posts

Joined: Sep 2014
From: REality

eating popcorn while watching on side sifu2 sekelian argue about US shale oil & world crude price war cool2.gif
SUSsupersound
post Mar 29 2015, 01:38 PM

10k Club
********
Senior Member
11,554 posts

Joined: Aug 2009
QUOTE(stanzai @ Mar 29 2015, 04:59 AM)
The article is explaining the exact situation in northern america. I can tell you that Shell and BP has already been selling their assets in GOM. Even my boss tells me if the price go up to 100USD tomorrow it wont make big difference, because think about it, the crude oil has been hovering at 100US+ for so many years, and every other operating costs has been increasing consistently. So it will still not be profitable for them! unless it is 200USD icon_idea.gif

Yup, lets see how it fairs mate! thanks for the article btw.
*
When economy poor, high oil price don't do any good also.
It may go up till 100 or 200, but no support it will collapse faster.
SUSMNet
post Mar 29 2015, 02:29 PM

10k Club
********
All Stars
11,954 posts

Joined: May 2007



time to buy XLE

https://www.spdrs.com/product/fund.seam?ticker=XLE
AVFAN
post Mar 29 2015, 07:00 PM

20k VIP Club
*********
All Stars
24,037 posts

Joined: Nov 2010
QUOTE(nexona88 @ Mar 29 2015, 12:37 PM)
eating popcorn while watching on side sifu2 sekelian argue about US shale oil & world crude price war  cool2.gif
*
u r the smart one! onlookers have clarity of mind, so they say! thumbup.gif

seriously, i take stan's comment here at heart. for 2 reasons - gom is currently desperate for cash to continue the plunder legacy... and their track record of being not forthcoming with truthful facts. so, buy or sell anything u deem fit. sweat.gif
QUOTE(stanzai @ Mar 29 2015, 04:59 AM)
I can tell you that Shell and BP has already been selling their assets in GOM.
*
nexona88
post Mar 29 2015, 09:46 PM

The Royal Club Member
*********
All Stars
41,818 posts

Joined: Sep 2014
From: REality

QUOTE(AVFAN @ Mar 29 2015, 07:00 PM)
u r the smart one! onlookers have clarity of mind, so they say! thumbup.gif

seriously, i take stan's comment here at heart. for 2 reasons - gom is currently desperate for cash to continue the plunder legacy... and their track record of being not forthcoming with truthful facts. so, buy or sell anything u deem fit. sweat.gif
*
yes, desperate for cash & I can really sense it.. I bet those on streets also feel it..

stanzai comment is also good.. He have 1st hand experience because he currently in O&G sector while most of us only hear stories or from research icon_rolleyes.gif

pustapazik
post Mar 29 2015, 10:00 PM

Getting Started
**
Junior Member
181 posts

Joined: Jun 2011


QUOTE(nexona88 @ Mar 29 2015, 12:37 PM)
eating popcorn while watching on side sifu2 sekelian argue about US shale oil & world crude price war  cool2.gif
*
tongue.gif

This post has been edited by pustapazik: Mar 29 2015, 10:02 PM


Attached thumbnail(s)
Attached Image
stanzai
post Mar 30 2015, 01:23 AM

Getting Started
**
Junior Member
132 posts

Joined: Jan 2008
QUOTE(backspace66 @ Mar 29 2015, 08:24 AM)
I suggest u do your math
http://www.eia.gov/dnav/pet/pet_crd_crpdn_adc_mbbl_a.htm

Only around 3 billion bbl of crude produced. Lol. even at 200 usd/ bbl , it is merely 600 billion usd, not much in term of percentage yeah? But they also import crude oil.
Us gdp is around 19 to 20 trillion USD. I do agree in absolute value, the amount seems large, but still too low considering the total gdp of USA. Maybe you can start applying your common sense on this buddy
*
That is why some of the forumers say misleading. Crude oil you are talking is just part of the O&G sector. The figures u highlighted are just only the upstream. What about mid stream and down stream?

How can Houston turn to be the 4th largest city in the States without O&G? I think 1%GDP cant turn a place to a city right buddy? dont tell me fishing indusrty?

No one will call the crude oil black gold for no reason when you think about it. anyways thanks for the source.
stanzai
post Mar 30 2015, 01:24 AM

Getting Started
**
Junior Member
132 posts

Joined: Jan 2008
QUOTE(AVFAN @ Mar 29 2015, 07:00 PM)
u r the smart one! onlookers have clarity of mind, so they say! thumbup.gif

seriously, i take stan's comment here at heart. for 2 reasons - gom is currently desperate for cash to continue the plunder legacy... and their track record of being not forthcoming with truthful facts. so, buy or sell anything u deem fit. sweat.gif
*
QUOTE(nexona88 @ Mar 29 2015, 09:46 PM)
yes, desperate for cash & I can really sense it.. I bet those on streets also feel it..

stanzai comment is also good.. He have 1st hand experience because he currently in O&G sector while most of us only hear stories or from research  icon_rolleyes.gif
*
QUOTE(pustapazik @ Mar 29 2015, 10:00 PM)
tongue.gif
*
Damn guys, I also going to grab my popcorns. drool.gif
stanzai
post Mar 30 2015, 01:26 AM

Getting Started
**
Junior Member
132 posts

Joined: Jan 2008
QUOTE(supersound @ Mar 29 2015, 01:38 PM)
When economy poor, high oil price don't do any good also.
*
This i 101% agree. please tell our BNM analysts.
SUSsupersound
post Mar 30 2015, 11:31 AM

10k Club
********
Senior Member
11,554 posts

Joined: Aug 2009
QUOTE(stanzai @ Mar 30 2015, 01:26 AM)
This i 101% agree. please tell our BNM analysts.
*
You see, all the so-called financial expert/analysts are hired to cheat and mislead people. Who is their boss? Insurance companies, trust fund sellers are their rice bowl controller.
Will they tell the fact?
Even with weaken rm against all the currency in the world, what the BNM's top person says? Still says it is ok.
http://www.thestar.com.my/News/Nation/2015...bigger-concern/
While another person that can use this excuse to increase the price.
So, who to trust?
AVFAN
post Mar 30 2015, 12:47 PM

20k VIP Club
*********
All Stars
24,037 posts

Joined: Nov 2010
QUOTE(supersound @ Mar 30 2015, 11:31 AM)
You see, all the so-called financial expert/analysts are hired to cheat and mislead people. Who is their boss? Insurance companies, trust fund sellers are their rice bowl controller.
Will they tell the fact?
Even with weaken rm against all the currency in the world, what the BNM's top person says? Still says it is ok.
http://www.thestar.com.my/News/Nation/2015...bigger-concern/
While another person that can use this excuse to increase the price.
So, who to trust?
*
this is actually a national disease, been festing for years: deny-blame someone else-so all is good.
not just rm but education, crime, illegals, road deaths, budget deficit, household debt... the list is very long.
becos of that, nothing ever changes, no improvement, no will to face reality, pretend all is good.
the world moves on, but many things n people here do not.
who to trust...? trust no one! laugh.gif
SUSsupersound
post Mar 30 2015, 12:58 PM

10k Club
********
Senior Member
11,554 posts

Joined: Aug 2009
QUOTE(AVFAN @ Mar 30 2015, 12:47 PM)
this is actually a national disease, been festing for years: deny-blame someone else-so all is good.
not just rm but education, crime, illegals, road deaths, budget deficit, household debt... the list is very long.
becos of that, nothing ever changes, no improvement, no will to face reality, pretend all is good.
the world moves on, but many things n people here do not.
who to trust...? trust no one! laugh.gif
*
Everything fails, but I don't want to talk those as that will go off topic whistling.gif
AVFAN
post Mar 30 2015, 05:36 PM

20k VIP Club
*********
All Stars
24,037 posts

Joined: Nov 2010
new closing low, i believe.

Jan 29 2015
usd44.50
3.6375
Feb 4 2015
usd52
3.564
Feb 11 2015
usd50
3.60
Feb 18 2015
usd54
3.595
Mar 4 2015
usd51
3.6475.
Mar 10 2015
usd49.60
3.705
Mar 18 2015
usd44.12
3.709
usd46.13
3.6725
Mar 19 2015 7pm
usd45.34
3.708
Mar 27 2015 7pm
usd50.55
3.687
Mar 30, 2015 5pm
usd 48.10
3.713


This post has been edited by AVFAN: Mar 30 2015, 05:36 PM
pustapazik
post Apr 1 2015, 12:58 AM

Getting Started
**
Junior Member
181 posts

Joined: Jun 2011


Let see how it close tonite.


Attached thumbnail(s)
Attached Image
stanzai
post Apr 1 2015, 08:06 AM

Getting Started
**
Junior Member
132 posts

Joined: Jan 2008
Guys popcorn masuk angin.. strong resistance around USD55~ for brent and USD47~ for WTI. How did the Iran nuclear talk fair?
Anyways, seems like Iran will benefit regardless of the outcomes.
pustapazik
post Apr 1 2015, 08:52 AM

Getting Started
**
Junior Member
181 posts

Joined: Jun 2011


QUOTE(stanzai @ Apr 1 2015, 08:06 AM)
Guys popcorn masuk angin.. strong resistance around USD55~ for brent and USD47~ for WTI. How did the Iran nuclear talk fair?
Anyways, seems like Iran will benefit regardless of the outcomes.
*
Wanna grab new pack but the que so long la bro. Lol. They will not attack Iran. Yemen no need reminder letter can straight attack. Hmmmm. Currently drop a bit. Let see how strong is the support lvl


Attached thumbnail(s)
Attached Image

13 Pages « < 8 9 10 11 12 > » Top
 

Change to:
| Lo-Fi Version
0.0218sec    0.47    6 queries    GZIP Disabled
Time is now: 29th March 2024 - 12:49 PM