Sep 27 2016, 10:38 PM
QUOTE(AVFAN @ Sep 27 2016, 07:27 PM)
well, we have this situation:
.. saudi pushed production to record highs.
.. saudi has enough reserves to burn a few usdbil everyday for a few more years for its economy.
.. iran and iraq not back to pre-sanction production levels.
.. libya and nigeria still battling rebels to get back to normal production.
.. venezuela on verge of economic collapse, algeria struggling.
.. russians know everything and what else is happening, what next to come.
.. americans go easy - shale is there, forever, to be used whenever whenever required.
.. >3bil bbls in excess crude now sitting on land or water, drifting, buying time, incurring costs.
.. China's mystery oil stockpiles could be a 'wildcard' for markets
so, what to expect?
.. saudi's "i will cut or freeze" will not impress the rest as they are not stupid, will not fall for bait.
.. venezuela and algeria will keep talking up the price - that's all they have been doing and can do - with some success, so far.
.. big oil cos., refineries, traders, hedge funds will need to adjust.
we will see the same farcical circus over and over until... crude goes <40 again for a while.
then, all will wake up and shelve their selfish motives, get on with it.
but will not be very successful since shale, nuclear and other alternative energies will be there.
in short, the glorious days of mighty petro$ and obscene money throwing is over. just like kodak went bankrupt when the digital age came.
*** above is just my observation, not liable for any action that failed as a result.
Source: http://www.cnbc.com/2016/09/27/chinas-myst...markets-sp.html.. saudi pushed production to record highs.
.. saudi has enough reserves to burn a few usdbil everyday for a few more years for its economy.
.. iran and iraq not back to pre-sanction production levels.
.. libya and nigeria still battling rebels to get back to normal production.
.. venezuela on verge of economic collapse, algeria struggling.
.. russians know everything and what else is happening, what next to come.
.. americans go easy - shale is there, forever, to be used whenever whenever required.
.. >3bil bbls in excess crude now sitting on land or water, drifting, buying time, incurring costs.
.. China's mystery oil stockpiles could be a 'wildcard' for markets
so, what to expect?
.. saudi's "i will cut or freeze" will not impress the rest as they are not stupid, will not fall for bait.
.. venezuela and algeria will keep talking up the price - that's all they have been doing and can do - with some success, so far.
.. big oil cos., refineries, traders, hedge funds will need to adjust.
we will see the same farcical circus over and over until... crude goes <40 again for a while.
then, all will wake up and shelve their selfish motives, get on with it.
but will not be very successful since shale, nuclear and other alternative energies will be there.
in short, the glorious days of mighty petro$ and obscene money throwing is over. just like kodak went bankrupt when the digital age came.
*** above is just my observation, not liable for any action that failed as a result.
Quote
And the effect towards Asian markets.
you don't have income tax? If got income tax, just give them income tax no with proof.
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