rumor is that OPEC is planning cut? If this is true, they are running out of oil. They had no intention of cutting; if they are it means their reservoirs are simply producing less.
this coming Opec meeting will not result in an production cut; they didn't cut while oil was $30. There is no reason to cut now. If there is a cut, WITHOUT OIL SHORTAGE, may suggests they are running out of oil.
concur! Evidence already showed us that they are not willing to cut production despite the price at $30/barrel. OPEC wants to bankrupt most shales and rigs, so that they wouldn't come back on line. You are right, they are looking for the max pain. Had they cut production; they would have left their competitors in business and the oil price would for a long time stay around $70-90/barrel. That day will come when they smell a shortage, they will cut production so bad that buyers will pay over $100/barrel and it will take years before the US can get their shales and rigs back on line.
The chinese and the world are storing all the cheap liquid gold and building inventories. Everyone knows oil will bounce, the only question is when.
YOu can bet that we will see $100/barrel again unless the US has a huge oil reservoir that can control the price. Otherwise, once OPEC smells a shortage, you can bank that they will further cut production to hurt the buyers.
As the result of US shales and rigs, oil price is forced down. OPEC response by not cutting production to force shales and rigs to go out of business. What will happen next? OPEC will massively cut production in oil shortage market which will force the oil price to sky rocket again. Why would they sell liquid gold for $50 when they know they can get it for $100 and over? What will happen to the rigs and shales? They will be forced to come back on line. But it would not be as easy, some can come back on line and others have gone out of business; it is not as easy as turning on the switch. If OPEC strategically manipulate the market, they have full control of the oil price, and they are not going to sell their liquid gold for $50/barrel when they can get $100/barrel. I predict once they smell a shortage, they will massively cut production to hurt the buyers, and oil will massively bounce again and OPEC will have full control of the price again.
OPEC countries heavily relying on oil to survive, none of these guys want to sell "liquid gold" for $50 when they could sell it for $100 and over. They have to realize by now that the oil price has been manipulated by no other than the Americans who placed huge amount of resource and money into fracking and shales. Some of these rigs and shales have gone out of business. So, what will happen next? OPEC will massively cut production to bump oil price. And what will happen to the US shale and rigs? They will be forced to come back on line again, which will require large amount of money and resources to come back on line; it is not as simple as turning on a switch to get the rigs working or shales back on. If OPEC does this every time, they have back the control that determines oil price, not so much the US or the western world who have to react to OPEC.
can you imagine how chaotic it would be for shales and rigs having to make adjustments to OPEC turning up or down their faucets? I expect this to happen. They will cut production so badly that the US will scramble to get their shales and rigs back on line which will cause a lot of manpower and money. Then OPEC will up production again, forcing NON opec to slow down. The chaos and disruptions are means to put NON opec in financial hardships.
either way, once OPEC countries find out that they have been played; they will cut supply to pinch everyone across the globe. Why sell even at $100 when they can sell for $200?
by the time OPEC cuts production, that is when they realize they had been played. Oil will bounce to $200/barrel.
Shales and rigs and the US have been dropping off one by one, claiming to nonprofittability. What if the whole thing was just one big ploy to get the Opec countries to dump oil for cheap. What if oil is actually running dry everywhere across the globe except for several good reservoirs. Now they are blaming fire, civil war, and natural disaster for the lack of production. Get OPEC to dump cheap, put your rigs and shales on hold, then make OPEC run dry. After which you bring back on your shales and rigs, brilliant plan if you asked me.
what does this mean to the world's oil supply? Severe shortage in the future. Currently there are natural disaster in Canada, civil war in Nigeria, and electricity shortage in Venezuela that all contribute to major reduction in oil supply. What if there are more disaster and Saudi can't ramp up their production like they claim they can? major shortage in supply is coming our way.
top saudi officials were involved for funding the 9/11 attacks. Thus, there has always been war between Saudi and the US. The saudi is trying to cripple the US shell businesses which they succeeded by flooding the market with oil but they can't do it below cost. Thus, we found what their bottom was $30/barrel.
their reservoirs are running dry!!! They are suckering investors into empty reservoirs and swindle investors out of billions.
It means their oil reservoirs don't really hold as much oil as they claim and they are looking to sell and sucker investors into their reservoirs which could already be depleted.
I am disappointed that management has not landed anything big and got shafted by SNY sabotage, and the ONLY potential investor currently is some chinese bank. A potential block buster like Afrezza should stay in America and make America great per Trump (not a fan of trump). I am hoping for Google Verily to give AFrezza the publicity that it needs and possibly the biggest sales ever of all drugs.
ONe of a kind. Fast onset and offset in effect, and convenient. TSLA has nice acceleration and fully electric (no needle equivalence to Afrezza). They don't even need to make profits on Afrezza, they just need to have enough sales and publicity with Afrezza to trade at $30 billion market cap.
Tesla is still losing money every year and had only profitted several quarters but for the most part still losing money.
Pickens has been in the industry for a long time, he knows the fluctuations in oil price. Golden Sach just became bullish on oils. I agree that Carl Icanh can sometimes be wrong but he has a huge portollio.
They are in a position for more cash; they need to make some deals quick. With the production increased by 300%; I think they are poised to make some international news. Afrezza works and some testimonials have indicated that it works like your pancreas. With that being said, it's easy to sell Afrezza by loads to any foreign company at discounted prices, of course maintaining some profits, get the words out. The reason why foreign market works is because there is NO need t comply with the FDA restrictions on Pediatric population. I am not saying they should give it to toddlers, but definitely kids 10 yrs older who dislike injections.