to fall for market manipulators who are telling people oil will go down to 10. Really? who will pump at that price. There is only 2mil bbl oversupply, that will be gone in one day if oil falls before 35 because there will be a massive shutdown in production. Also, since new capital is not being spent on developing new rigs, there is going to be a big supply issues within a year as old wells stops producing oil
this is just pure manipulation staged by GS, MS and other wall street criminals. Supplies are falling fast, demand going up yet crude continue to slide.
well when oil was 55-60 a few months ago, we were paying 3/gal for the same shiat. It is big oil robbing us. As far I can see, taxes hasn't gone up on gas in CA in the last two months.
So rates have been low for years and years, can't she wait one more year? Sure now their buddies banks don't need free money after looting us for 8 years so why not fffk over us. US economy is linked with global economy. So the point is is responsible only for US economy is absurd. US companies sell a lot in local currencies worldwide. This will make them noncompetitive. See what happened to Apple. IPhone have become so expensive worldwide, noone is buying. People are buying local phones that are 6 times cheaper
while the whole world is keeping the rates same or even lowering, by talking about raising the rates, Yellen has made dollar so strong. US business is suffering due to this. Talk about the timings, once banks are out of the wood, all of a sudden these fools like Yellen wants to raise rates. Look at the world economy you biach.
lots of fools shorted hoping CHK would crash after earnings. Turned out CHK declared blasting earnings with maintained production even when rig count has fallen to less than half. That mean cost is going to be half in next Qs. Nat Gas prices are not falling like crude and huge demand in Nat Gas sector. In july itself, demand from power plants up 16%.
It is trading at 65 and paying dividend.
We are running 1-2% surplus and OPEC production is peaking. Iraq and Lybia produced less oil last month and SA exported less due to increased internal consumption. IRAN has no present capacity to produce more. They can only add 300-400 bbl. But if sanctions are lifted, their internal demand will also skyrocket and most of this oversupply will be consumed internally. All these doom and gloom is based on false data being spread by criminal hedge funds who are heavily short in oil
No these are all our own people. Wall street manipulators who are throwing doom and gloom stories. SA is actually upbeat about oil price recovery. Its the wall street that keep saying that oil is going to zero.
They have heavily shorted oil and now throwing negativity as if nobody is needing and using oil anymore. No such news coming from anywhere in the world. The fact is that the oversupply is only 1-2% and production is falling worldwiide. Demand is expected to go up 1-2% next year. These doom and gloom theories are all made up by shorts.
and oil has gone up with that. so if china goes up 5% today, oil will go up over a point.
Oil will be over 100 once they manage to shut down some small shale players here. Once demand exceed 1mil bbl the supply, crude will be above 100. This is exactly what it was last year. Demand was just 1 mil more than supply and crude was 120.
Hang in there. The way these manipulators work, they will first see if enough retail shorts are in the game. The manipulators will then switch position quickly and drill hole into retail short bottoms.
just watch how wall street works
among shorts. Shorts are on a very dangerous grounds. Trying to wait for a few more pennies will cost them big. This slide is artificial.