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Oil
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teeth53
Supreme |
04-Sep-2006 23:21
Yells: "don't learn through life, learn to grow with life " |
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Crude Oil Future Drop Below $69 a Barrel , and
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ten4one
Master |
04-Sep-2006 09:36
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When oil px was @ USD30/b no one would believe that it could hit USD70/b and that was about 3 years ago i think. So now oil px is trading appxm USD75/b and USD100/b is not impossible. There is nothing you could do (especially S'pore). So...the best solution is prepared for the worst and have the best! Cheers!!!!!!!!!!!! |
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teeth53
Supreme |
03-Sep-2006 23:17
Yells: "don't learn through life, learn to grow with life " |
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This a double edged sword and will cause oil pricess to be unstable possible solutions is both must have a win win or even a bigger win for Iran with a face giving solutions to all concerns party and through UN. | |||||||||||||||||
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teeth53
Supreme |
03-Sep-2006 21:38
Yells: "don't learn through life, learn to grow with life " |
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Iran warns of oil price hike if sanctions imposed (CNA News Headline) Quote "Sanctions on Iran and a sudden rise in global oil prices would hurt the economies of the large oil consuming nations," Deputy Foreign Minister Ali Reza Sheikh-Attar was quoted as saying by Iranian news agencies. Don't know in turn if sanctions is imposed on Iran, will he...just wondering how Iran is to receive their oil $$$ to finance their proxy and to continue to foot their interest on..., in turn make it a unstable.... I think it benefit more other oil producing countries like Indo.., Mala.., Vene.. Sadi... Kewi..,Neig.. EU..even Chnia and so on... |
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dxxxxxxd
Member |
03-Sep-2006 10:38
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I agree with ?singaporegal? attitude: Who cares...
Say if you play short term, beware of hurricanes whacking |
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singaporegal
Supreme |
03-Sep-2006 07:57
Yells: "Female TA nut" |
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thanks Livermore! 2010.... that's 3.5 years away. gee... |
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Livermore
Master |
02-Sep-2006 22:26
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Business Times 2 Sept 06 Low oil prices during the 1990s and operating rates of about 75-85% meant there was little incentive to build new refining capacity. Increased economic activity in recent years resulted in some refineries, particularly in the US, operating at 95% capacity which meant that there was limited flexibility to absorb the impact of events such as Hurricane Katrina. This high operating rate stimulated a call for the construction of new refineries. From global capacity of 83 million barrels per day (mbd) in 2004, the Interbnational Energy Agency estimated that capacity needed to be increased to about 93 mbd by 2010 and to 118 million bpd by 2030 in order to bring the industry back to a more comfortable 85% utilisation level. A recent report by the IEA suggests that 11.7 mbd of new capacity will in fact come on stream between 2006 and 2011. As much as 1.25 mbd will come on stream in 2006, but expansion may lag demand between 2006 and 2009 before substantial amounts of new capacioty come on in 2010 and 2011. Chinese capacity expansion is likely to be about 2.5 mbd, nearly 25% of global growth while India plans to add about 2 mbd of new capacity by 2012. I feel 2010 is the most critical year to see the impact of oil product prices when most refineries come on stream. |
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83.00