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Oil back down to below $50???
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AK_Francis
Supreme |
11-Dec-2007 10:02
Yells: "Happy go lucky, cheers." |
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Crude oil price will decline once US economy sees Light! How much it dips, can't tell now as market and global security, especially the oil export county, will determine the market price. Nonetheless, as for local, you will not loose out if you buy in SPC after Chinese New Year. Its devidend pay out in Apr 2008 would be 40 cents and above owing to extra earning from Oil Plant in Indon and China. This yr Apr SPC paid 35 cents dividend, I made some Beer money over 35 lots of SPC bought in Feb 07. Cheers, have a happy X'mas and New Yr. |
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Livermore
Master |
11-Dec-2007 09:22
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One just needs to do a comparisons to determine if or when oil price will go below US$50. What was the situation when oil price was at near maybe US$40? Back then China was not yet the 4th largest economy i the world. But now it is. Conditions have all changed.Thus it would take a long time before oil price goes below US$50. But if global economy slows down, oil price is likely to come down.... |
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baseerahmed
Master |
11-Dec-2007 09:12
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Trends Affecting Oil Price http://www.minyanville.com/articles/index.php?a=15154 |
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Livermore
Master |
09-Dec-2007 09:33
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If people in the oil industry had seen the demand for oil increasing from China and India, they would have invested before the oil boom. When oil price was low, construction cost was low. Now if you wish to invest on building refineries or further oil exploration, be prepared to pay much more. Materials, wages etc have all gone up a lot. When supply does not keep up with demand and investment, oil price will stay high. Just like climate change. Now when people start to see the changes in the world, people start to take action..... |
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jackjames
Elite |
09-Dec-2007 08:43
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very funny. |
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baseerahmed
Master |
09-Dec-2007 01:08
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hahaha ! it's sunday .. and something light ... Bush is from Texas, and their family business is oil . Cheney is from oil-drillling services .. what can we expect ? After their terms , they need money to live happily ever after. Therefore tried to takeover oil fields abroad one way or another.. did not seem to work , therefore played up the oil price to hit the jackpot .. remember Level 3 quotes are accessible only to market makers ?... everyone just followed the leader .. the arabs are also happy .. who wouldn't want the free extra money ? ... so, that the deception for u ! conspiracy theory no.8719583...hahaha !
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Henry$$$
Senior |
08-Dec-2007 23:42
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We have to get use of high oil price life style for future. Drop below US$50 quite unlike at least for this 1-2 yrs. --------------------------------------- Pls visit my blog at http://www.henryhts.multiply.com for stock information update. Thanks! |
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jackjames
Elite |
08-Dec-2007 23:34
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OPEC will control the price in the range from USD 70 - USD 80 per barrel from now on.. However, everything is possible. Do you know what's the oil price like exactly in the past 15 years? you will be shock to see the oil price by yourself.. 1990s USD 30, from 1991s-2003s, the oil price is fluctuating at price of USD 19- USD 30 , it didn't even hit USD 40 per barrel until year 2004 and so on... okay, now ask yourself a question, why the oil price is only USD 28 max during the past 12 years? you think oil price will stay USD 90 for the remainding 10 years ? nah... don't be silly. it will drop for sure, USD 90 is way too high for oil price, come on, don't tell me the world are using 200% more oils than the previous years annual usage... oil price is a trick.. and I will love to enter the oil related stock big time if it drop below USD 60. |
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Livermore
Master |
08-Dec-2007 23:27
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Oil below US$50? I think wait long long... |
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Nostradamus
Supreme |
08-Dec-2007 20:04
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Oil prices had surged to nearly US$100/barrel, mainly on speculation and geopolitical risks. We are in a period of substained high oil prices. It could fall by around 25% on removal of those. Already some geopolitical risks have reduced.
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davidheng
Member |
12-Nov-2007 13:09
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CNN link:http://edition.cnn.com/BUSINESS/ |
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greatshafter
Member |
12-Nov-2007 00:22
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URL Link Proof---> Pls goto bloomberg website and check it out. It should still be available for the next 24 hrs. |
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jennlsk
Member |
11-Nov-2007 23:02
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Can you provide the URL link? |
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davidheng
Member |
11-Nov-2007 22:49
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CNN reported yesterday huge amount of oil discovered off coast of brazil. Same channel also interviewed some people who said there is no shortage of oil for now and high prices are speculative these days. On the other hand business times online has a article that says there is a shortage and price hike is demand driven especially from China and India industrial growth. This is perplexing so lets wait and see,... 
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greatshafter
Member |
11-Nov-2007 21:39
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Sorry , Here is the link to that Bloomberg story.... http://www.bloomberg.com/apps/news?pid=20601087&sid=aMeTSRD5w0j0&refer=home |
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greatshafter
Member |
11-Nov-2007 21:29
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I was reading this article on Bloomberg today titled "Airbus Wins $31 Billion Aircraft Order From Emirates ". In it it says how Emirate started with 2 leased aircraft in 1985 and currently has 110 planes in service with another 112 ordered. It also goes to say that Arab Air carriers (which includes all the arab airlines such as ethiad/emirates/etc) are going to increase there air craft from 500 in 2006 to 900 by 2015. If you read the article in detail you will find out the costs that they are talking about. Here is the interesting question. If Oil is scarce I am sure the shiekhs who own that land (who also happen to own the airlines) would know about it. So if that is the case, and knowing full well that Developed nations will goto war to get oil (which we have seen recently with Mr.Bush and gang) and considering the time it would take for the cost of an air craft to break even, isnt it kind of stupid to order and invest in so many oil gussling aircraft unless you knew for a FACT that oil supplies would atleast last for the next 50 years? Btw, Am sure most of you'll would say that air craft fleets need to be replaced periodically. I agree. But what this article states is that it is gona increase from 500 to 900.....NOT replaced. Anyways, its worth to look into the story. If any of you do get around to that, pls do share the infor. It would result in cheaper prices for us all. |
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