if i am not wrong, the shale producers in the US  cost is 25-30. maybe they still can last for a wee while.

one more thing, tsla lately has been v volatile, swings of 5-10% is common. its now -11% !

Imagine this: Oil now is cheaper than a barrel of processed mineral water.
Might as well close shop and just sell mineral water to earn more money. 

looking back (or forward?), netflix could be a faster money growing site since early 2015.'what a  chart!

Imagine this: Oil now is cheaper than a barrel of processed mineral water.
Might as well close shop and just sell mineral water to earn more money. 

problem is, no country want to store mineral water. So it's hard to get enough demand if all oil companies change to sell mineral water. 

I know in US, the state of California... they need water badly. With the severe drought (wild fires and El Nino), water shortage and rationing, bottled water also very expensive.  Plenty of demand there.  I was at ball game park.. they charge US $5 for bottled water... 

some starts fishing energy stocks....where will be oil bottom this round? 

as oil price continue to fall in the last few days, i notice the oil/energy etf's stopped falling or slowed in the decline.

not much more to fall? or waiting to fall off a cliff?
crude now bouncing around 44.50 after falling 1.3%.

taking a breather, resume fall to 42 next week?

exactly, that's the tricky part. Are we about to see a clif or the fall has exhausted? That's the question raised when movement slows. A billion dollar question.

back to broad market. Is it bull or bear it seems now? 

things are really dropping now. look at that sune, now -4.5 or -19% !!! so scarry to view it on screen.

latest...
chinese gomen spent 900b yuan to prop the chinese market for last 2 months.
still planning 1 trillion to support the market.

what time is the non farm job report n any idea of the outcome? + or  -? wage rates?

UPDATE 1-Malaysia reserves fall below $100 bln as ringgit slumps

"I won't say there is panic now but we are quite close," Amy Yuan Zhuang, a senior analyst at Nordea Markets in Singapore, said prior to announcement of end-July reserves.
"The falling FX reserves could be a sign that BNM is trying to limit the ringgit's losses," she said, adding that meant investors could not exclude the possibility of some form of capital controls being imposed.
In a note prior to the release, Societe Generale said that if reserves fall toward $90 billion, BNM is "likely to 'let it go'."
Societe Generale revised its ringgit forecast for the third quarter to 4.1000 from 3.8000.
http://www.cnbc.com/2015/08/07/reuters-ame...git-slumps.html