Fools stop falling for GS sponsored manipulation of crude. Last week long contracts stood double than short contracts. These manipulators are telling people that crude will go down while they are buying long contracts big time and dumping short contracts.
we all know oil wells don't continue to pour out crude forever and without continued capex, it is just a matter of six months or so before the so called 2 mil/bbl a day oversupply is gone. Remember demand has been going up too and at present world consumes 91mn bbl /day. 2 mil bbl/day is a not a huge oversupply. It can be gone in a month once old wells start to produce less.
AND we all know oil wells don't continue to pour out crude forever and without continued capex, it is just a matter of six months or so before the so called 2 mil/bbl a day oversupply is gone. Remember demand has been going up too and at present world consumes 91mn bbl /day. 2 mil bbl/day is a not a huge oversupply. It can be gone in a month once old wells start to produce less.
Regardless, with significant cost reduction is producing oil in the US, most oil companies will survive even at 45/bbl. Average cost of crude production is less than 30/bbl. There are some shale fields where it is more costly but most of them are still cheaper than 30/bbl
more than 7 mil bbl in one week despite refineries off line. that 2mil bbl worldwide oversupply that is being used by market manipulators to crash crude is just fake.
Nat Gas sells for over 4 in Asia. If there is one investment right now, it is nat gas stocks.
yes SOROS is a fool. Don't know how he managed to make billions from stocks. But wait, why are coal stocks souring today after the report that Nat Gas inventories are low? SOROS news is not new.
Iran is no news. It is already factored. But the fact is Iran has no capacity to add to supply. With removed sanctions, their internal consumption will eat away anything more they produce. Iran will have more supply only in 2018 if they start to invest in drilling now. This whole Iran thing is just overblown by Goldman criminal
ISIS is after SA. ISIS will not rest until they capture corrupt SA. SA is peeing in pant right now. What Goldman is not telling people that due to war, SA is consuming a large quantity of its crude production internally, hence exporting less and less month by month.
Yes thats what I am looking at. There is only 1% oversupply. US inventory going down, OPEC produced less in July vs June and they have no further capacity to produce more. Demand is expected to go up 1% in a year. It is Goldman and other shorts that are creating doom and gloom based on lies.
dollar is already strong, it will turn even stronger. no one will be buying from US companies in the world. Foreign companies will do top business worldwide using their weak currencies. Will permanently damage US economy.
US production is a part of global supplies. It is falling and so is OPEC production. Just check Jun to July figures of OPEC. All this doom and gloom is being spread by criminals like goldman. It is not based on facts