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PetroChina Co. Ltd. Message Board

  • bill_ander bill_ander Nov 16, 2007 2:18 PM Flag

    Cheap oil and gas a thing of past

    *** Accenture, is the rebranded Arthur Anderson management consultancy.Mark Spelman is their head of Global Strategy and this is his take on oil:

    �With the price of a barrel of oil expected to breach the $100 barrier in the coming weeks, the era of cheap oil is now dead. �

    So e patient, PTR and CEO will take off. Other commodity that have to be shipped in such as aluminum and copper should rise dramatically also. Governments cannot control prices...and people forever. Chinese want to buy HK so somehow they will..now...or later.

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    • AP
      Saudi Minister Discourages Citing Dollar
      Friday November 16, 5:29 pm ET
      By Sebastian Abbot, Associated Press Writer
      Saudi Arabia Seeks to Protect Dollar by Not Mentioning Its Decline in OPEC Declaration


      RIYADH, Saudi Arabia (AP) -- The accidental airing of a closed OPEC session Friday provided a surprise glimpse into a sensitive debate over the weakening U.S. dollar, with Saudi Arabia's foreign minister warning that even talking publicly about the currency's decline could further hurt its value.

      • 1 Reply to billander88
      • The current price drop in all Chinese Stocks, not just PTR probably had nothing to do with the price of oil and gas.

        (1) Correction is due.

        (2) The Commis do not allow people to withdraw more than $60,000 RMB per day from the banks in Shenzhen for 6 months. So, it cut off the flow of money between Shenzhen and HK.

        The HSI had gone down 14.5%, it is or close to the bottom.

    • China (HK ADRs) are still a better play then Brazil and Russia. Russia is unstable in the extreme and Brazil is....well, it's Brazil. PBR had some good run-ups but long term China is the winner, with India a close second.

 
PTR
135.57+1.06(+0.79%)Sep 16 4:02 PMEDT

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