I think I said this before
Now I say it again, crude is crude, USD is USD, rm is rm.
All of them does not have any relation to each other.
Price/rate changing is because someone are speculating it.

Yes, increasing debt is the only reason.

Oil price will reach $150 by end 2019, TCSS by me
Just because is billionaire does not means can bullshitting around

Saudi won't reduce output
This is the fact.

We need war
But seriously, Yemen does not block the major sea road unlike Arabian Gulf areas. So buying from Saudi to far East won't really affected. More on speculation

KSA cannot buy diamond liao, so need to speculate the bloody price

Don't worry, petroleum industry in Iraq are pro ISIS
So the production won't be affected. ISIS also knows that, if bomb that area, they will have nothing after they managed to take over total government control in Iraq.
So if you were to ask my opinion, it won't have much impact to the price.

Nope, this is the thing KSA won't do as they will lose out the market share later on.

For me, in between US and KSA, I prefer US to lose on this battle(of flooding the oil market).
Remember, US with their QE for few times already making them going to broke, so the shale oil is their last bet.

To produce shale oil, the fuel used, amount of waste gas(methane) generated will be a lot. So is not just cost of money, cost of creating more waste included.
The future lies to OPEC's hand now. But then OPEC are run by a bunch of alligators, so they may cut production to protect their interest. Still KSA refuse to do so, not much worry for this for the time being. We only need to worry if KSA come out with statement that they will reduce output. That will be nightmare to us.
US are waiting for this. And the price will shoot up to USD200 when this really happens.

For consumer, low oil price always good.
But for government's stand point, it is no good.
That's why they tried to flood the market with their low margin oil. Sell cheap, gain more market then raise back the price. The difference will be their net margin
Even the not so clever KSA also can see this. You think they are not hear sick because of low oil price? Across the Middle East, all are starting to cancel mega projects.
Not to mention smaller scale companies even started the retrenchment process.

I predict rm3.75 for next month
But 1MDB's debt due on end of the month also, so may strike rm3.80 also

My facts are simply and easy :
If oil contribution to KSA and US's GDP are low, why both of them die die want to flood the market and refuse to reduce production?
Or you are telling me that they want to do charities
US technically already long bankrupt while KSA is just another greedy businessman
So you reply more on telling they are doing charity

You mean those published rubbish
I read those, it still can't deny the fact that US bankrupt already
Maybe you can show me the fact on why both of them refuse to reduce output, this will help clear the doubts.
But I doubt you able to show that

People in Middle East? Come to 1 of those country and you will know how good they are
They are playing poker right now, see who surrender first.
Like oil price low, some are trying to keep them on ship tanker. but then it is risk also, like leaking to sea due to corrosion.
So is like you say, it won't last long.
OPEC knows that they can't lose out their market share to US, but they are not united going against their common enemy, US
So, this is what happen now, people are getting jobless.

For ME fellows, they already gain from the past, so they won't worry much.
But then now they are heart sick also, for every barrel sold, they are making much lesser profit.
Now US are keep on importing oil and at the same time exporting shale oil, this is to secure more market share.
And once they secured more market share, they will sell back the oil they imported with much higher price.
Like with average price they got was USD45, if they sell it out at USD200, how much they are making?
That's why some speculate the price will reach USD200 last time. Those speculators are paving the way for this.
But they never expect that KSA never get shaken by this
So, this is it. Now what can really affect the price of oil is war and is started.

This post has been edited by supersound: Mar 27 2015, 10:09 PM

I think I said it before : Yemen is not situated at strategic location. If Yemen is located like Singapore, today the price will touch USD70

Building a storage tank take 1-2 years.
They will use tanker instead, cheaper but then the question is, how much more they can continue store the oil?

Both are in pain already, just don't want to show.
As now reaching spring in most countries, demand for fuel will be lesser.
So, it will be very fast to see the effect.

Nope, I'm considering current economy, politics, securities as a whole.
Is not wild guess but logical thinking.
Why they need to publish rubbish? It is for misleading people.
No doubt US can print money, but they still need to clear the debts.
Is like us, 2 years back Jib Gor says we will not breach 52% debt over GDP, then suddenly it is increased to 55%

http://www.forbes.com/sites/christopherhel...-gas-companies/
In response for your query, it is until June only.
Get your red wine, popcorn ready