I am not sure if keeping oil prices down is due to oversupply or more political games.
All your scenarios will be obsolete if OPEC stop pumping oil and other oil companies will follow. Lower oil is bad for everyone but China!
If the issue is hugh oil inventory, OPEC and other oil companies should stop pumping more oil.
I am sure the demand is still high as India and China are going to be the biggest importers of oil.
borrowing billion dollars a day to keep the oil prices down. For each dollar they are losing, China is making twice as much! Not very smart!!
Not to mention millions of jobs lost and industries destroyed!
How long before Saudis realize that by losing billion dollars a day the joke is on them!
Only China is winning here.
Over the last 12 months due to OPEC stupid actions, million jobs has been lost around the world.
GS plays it both ways as usual. They short the stock and then hype it!
I never trust them after what they did in 2008!
Tot is a great company. Saudis are losing billion dollars a day to artificially manipulate the market and keep the prices low. I don't believe the oil glut. Market the rigged and if you are patient you can double your money in a year.
The simple answer:
Market is rigged. Oil being this low doesn't make sense. Why do Saudis are losing billion dollars a day to keep the oil price down?. OIl workers are losing their jobs by thousands in USA and Europe so the Arabs could prove a point that they are in charge?
are being hyped everyday and commodities which people's lives are depended on are being trashed?
Not to mention their decent dividend.
Something is wrong with this picture. We need oil to travel, drive, eat, but we don't need FB to survive!
Arabs have no talent but to depend on playing games with oil prices. Soon their stupid games are going to back fire in them. Oil is clack gold and is here to stay forever!