Discussion in 'Current Affairs' started by Ag bullet, Nov 19, 2019.
Means you know oil about to drop
The economy can't handle an oil price that high
Thought this might be relevant.
Renewables are unlikely to meet future demand. Low carbon/carbon neutral fossil fuels are a more interesting play with room for growth.
Of course the elephant in the room is government policy.
I’m thinking producers don’t necessarily need high oil prices to make more profits, they just need to cut production costs or find new markets for products ie increase demand.
Renewables are probably over subscribed from an investment point of view.
Looking at this opportunity again. If the wuhan virus can cause oil price to collapse, it might be a good time to get some? Anyone knows which oil major is in the best position to benefit from hydrogen?
Crazy prices. Xom at $51. 6.5% yield. Still plenty way to fall.
Best thing person can do is look into how much company owe ( big problem to all , they keep rolling until no tomorrow)
Keep eye on news. now they gonna talk about $8 oil then we know time to long
Need to wait till the shale bankruptcies first, then we'll know.
I'd jump all over 8 dollar oil. That would be a gift from the market gods!
The virus is more manageable and less deadly at over 80F. It will end by May/June. Maybe just bring forward the summer holidays? Have it in March instead of July?
Wow just saw this. As expected, once the Americans pull out, the rest will start to fight each other.
Erdogan should have bought the Patriots.
41 is next pivot keep your ears open for news ( they going to say crazy price for oil then we can retest $52) simple Fibonacci tool can point out if you use it right.
MBS is pissed now, will ramp full throttles.
Made my first oil buy in a long time. A 1% stake. Targeting 10% in oil. As usual, hoping for lower prices. Better to DCA down than up.
so why does the bowser price remain stable when oil prices plummet and when oil prices go up the bowser price goes up seconds later?
oh, i get it. price gouging.
i guess a low oil price is bad for climate change. makes it a cheaper form of energy than the renewables they want to transition to.
Price gouging, to an extent.
But don’t forget there’s still quite a bit of oil that was produced at the higher prices of last week that is yet to be sold off. And you can bet your bottom dollar with the lower prices now, the oil companies won’t be selling off the stuff they produced at the higher price, for the current lower price. No business wants to have their margins cut, so they’ll squeeze every last dollar they can out of us before the lower prices are cycled into the market.
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