The king of SA is 91 and in the hospital, he holds the ship, when he steps down, they will be falling over each other to up prices. Next year xom will fly 10 bucks in two weeks, BEEN WARNED SHORTS
CARACAS, December 30. /TASS/. The US is conducting an oil war to destroy Russia and Venezuela, the latter country’s President Nicolas Maduro said on Monday.
One more objective pursued by Washington is to destroy OPEC, he said.
“A real oil war is underway,” he said. “Its goal is to destroy Russia, to drive Russia into a collapse as a global power and President Obama admitted the fact in a radio interview today.”
U AINT SEEN NOTHING YET, EXXON WILL RULE
The oil game begins
Look at a one year daily candlestick chart of xom.
Xom was down 5 of the last 6 trading days and is still trading higher than the first down day.
We call this the bait, the shorts think they have taken the momentum, yet they are being suckered, then comes the massive buy orders.
Large corperations hate what shorts do, so they will turn their heads to the shorts slauaghter.
The boys told me the identical chart and set-up is going to happen to GE, like xom, they pay a high div...
More reason for the shorts to shiitt when the stock flies.
At 100 the firms will reverse and drive the stock to 85, and the game begins again. TRUST ME
learn from the big desks
the chart says 50 rsi, flip a coin 30 or 70, but this turd is the perfect short setup. This stock will be the golden egg in 6 months, but I will tell you the big desks are letting the short postion build while they get rid of their short positions. Once cleared, the charge will bounce this stock tp 100 and the big brokerage firms will laugh at all the shorts covering, the best is when a client calls for advice as xom is heading to 100 and the client is short.
1. ER-EI energy return- energy investment is going up, cheap oil is becoming more scarce around the world, easy stuff has been found..
2. We are still in a commodity supercycle, third world countries are just starting to grow, forget little blibs...
3. Monetary stimulative will increase, hard assets like oil will go up.
4. Smart money is still there, shorts are decreasing positions...
5. OPEC will cut in the next 3 months...
6. Production in fracking and shale production is slowing around the world. People do not want the polution in their back-yards...
7. Shale boom has peaked, yes peaked look at the charts, the pros have..
8. Geopolitical risks are increasing, look at Putin...
9. Solar and wind projects have been put on hold and gas picked instead, once in place, the gas will be there for decades..
10. 20 million new homes added world wide and 14 million cars added to the planet, a slow down, but still growing.
More third world countires need plastic, cosmetics, you name it, oil is in it. India is becoming a plastic throw away counrty like us, include the increase in plastic from china, well, more oil my boy.... Just look in your home and it is made with oil, even the key-board on your computer... More plastic bumbers in cars, not chrome, wake up.
Billionares will do any thing to keep oil high
WRONG, if oil producing nations go into ressesion, it will take the world with it.
Oil will level off at 72.56, for it to be lower and have global stability, all salaries and homes and the economoy will have to be reduced by 25%. GOLD IN NOTHING, OIL IS THE GLOBAL CURRENCY.
End of story, economics 101, IF oil stays at 50 or lower, knock 25 percent in value off the home you are living in and then your boss will ask you for you to take a pay cut. DO YOU think the rich around the world want a 25% haircut.....
ALGIERS, Algeria (AP) — Algeria's oil minister on Sunday called on OPEC to cut production and raise the price of oil, which has plunged dramatically in the last six months.
In a cabinet meeting Tuesday, President Abdelaziz Bouteflika for the first time expressed concern over the "worrisome" situation and made vague promises of cost-cutting.
The first of such austerity measures came Saturday when Prime Minister Abdelmalek Sellal said there would be a freeze on public sector hiring in 2015. Some 60 percent of the jobs in the country come from the government.
Major infrastructure projects, such as public transportation in Algiers and highways in the countryside are also expected to be put on hold.
Long flush with money from its gas and oil exports, Algeria operates an extensive welfare state.
Subsidies, which amount to 21 percent of the country's annual economic output, cover electricity and many foodstuffs. Gasoline is the cheapest in North Africa.
The government also subsidizes education and provides housing. Social unrest, even before the scattered protests of the Arab Spring, was effectively bought off with higher wages and promises of housing — all funded by the bountiful oil receipts.
NEW YORK, Dec 23 (Reuters) - Some major U.S. airlines including Delta and Southwest are rushing to finance losing bets on oil and revamp fuel hedges as tumbling crude prices leave them with billions of dollars in losses, according to people familiar with the hedging schemes.
In theory, airlines are among the top beneficiaries of a six-month slump that halved crude prices to five-year lows. Oil is the biggest variable cost for airlines, often representing a third or more of their total operating expenses.
But now, carriers such as Delta Air Lines and even Southwest Airlines , known for a successful hedging program that locked in cheap fuel prices before they rose a decade ago, see some of the benefits of cheap fuel eaten away by hedging costs.
That is largely because they have used common but risky hedging strategies, among them a "costless collar": selling financial options that pay off when oil prices fall and using the proceeds to buy protection against soaring costs when prices climb, according to three people familiar with the programs.
The two carriers have been moving quickly to strategize how to meet demands from brokers and banks for additional collateral to cover potential losses from a strategy that made perfect sense just six months ago, those people said. The airlines have also held a series of meetings that included airline executives, brokers and consultants, according to the people, who declined to be named because of the sensitive nature of the discussions.
With oil prices tumbling faster and further than anyone had anticipated, the collar hedges left the airlines with insurance against high costs they no longer need and on the hook for protection they sold against a further slide, with potential liabilities on the rise.
ABU DHABI, Dec 23 (Reuters) - Arab OPEC producers expect global oil prices to rebound to between $70 and $80 a barrel by the end of next year as a global economic recovery revives demand, OPEC delegates said this week in the first indication of where the group expects oil markets to stabilise in the medium term.
I LOVE SHORTS, THEY MAKE US RICH
xom brass knows a mini mini ice age will cause prices to rocket in the next 20 years
Do your dd on how global warming really works, the big boys had their meeting, and they know