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China Ressesion soon?, petro kill them...
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dr2k3
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 May 11 2008, 02:42 PM
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QUOTE(Brotherjoe @ May 11 2008, 02:35 PM) China is not the culprit. American are.. Do you think it is practical to use a 4500cc car on town driving? That what americans are doing.. those are rich people only doing....US local oil price is base on global market price....i dont think everyone will use/afford a 4500cc car what do you think about those country that has oil subsidies? like our own country.....they think oil is cheap....some even think oil price is controlled by government.....they waste even more when things are cheap people tend to waste more QUOTE Pls  CHINA...bring down the oil price... only OPEC country able to bring down the oil price This post has been edited by dr2k3: May 11 2008, 02:46 PM |
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dr2k3
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May 11 2008, 06:15 PM
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QUOTE(zamans98 @ May 11 2008, 04:08 PM) OPEC said NO to increase in production. So, kiss good bye for $100 or less for oil. If oil hits 130 next few days, AirAsia should be a good bet, no? the chances of drop below 100 is very slim if they wanna control until like that..... but if oil really drop it will drop very fast.....and quite low...just don't know when |
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dr2k3
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May 12 2008, 07:34 PM
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QUOTE(cherroy @ May 12 2008, 03:40 PM) Basically, yes. Mainly because at current situation, supply is steady and stagnant (there is no shortage worldwide, just no extra signficantly supply for near term), but demand is fluctuating big time especially from China and futures market speculators, also inflation factor. So the only way to bring down the crude relied on demand side aka US and China, not OPEC. erm...i still think if OPEC want the price to come down they can do much easier than those speculator....no matter what, they r still the one producing the oil...all they need to do is increase the production and dump as much supply as possible....but i doubt that will happen its the same as currency...right now ECB is dumping the euro preventing them to go any higher...from 1.6++ euro/usd now bcome 1.54... |
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dr2k3
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May 12 2008, 08:59 PM
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QUOTE(cherroy @ May 12 2008, 08:55 PM) Oil is not like currency that you can print and dump into the market to suppres the price. -->> USD scenario. There is not much spare capacity at the moment mainly because when oil was around USD10-20, nobody has the financial incentive to find new oil field or built new oil rig to dig more oil. At current moment, a lot of oil field are in max production situation already. It is somehow like tap water, if your house water pipe is 1/2 inch then there is a max amount that pipe can supply you the quantity of water in one day. OPEC suffer the price dip when oil price was USD10-20, so they don't want to overly produce just to suppress the oil price, also who don't want to sell higher price if could and more $$$ in the pocket. Just my opinion.  heh true true....water tap...nice example... quite sad also...dont know when will alternative fuel source will be available.....we r kinda like slave to oil This post has been edited by dr2k3: May 12 2008, 09:03 PM |
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