Oil is fucked....it's going to $20 barrel

why else would the yanks sell out Saudi Arabia and let the the sunnis and Shiites fight it out for middle east, because the yanks don't need the oil anymore, because oil will be nothing but a by product to make plastics

I can't begin to even imagine what it's like to be in the mind of adrtho. Russia defaulting, Dutch Football League weaker than the A League, US selling out the Saudis and letting a war ensure because of renewable energy. It's the stuff of Jabberwocky proportions.

Oil is a negative expectation industry.

it is this year :lol: even Halliburton declined 39% in 2Q

opinions are like assholes, everyone has them....but my opinions, i will make money or lose money on them

i never said Dutch Football League is weaker than the A League, i say Dutch Football League is now weaker then MLS

Edited by adrtho: 21/7/2015 03:10:58 PM

that a total opposite to whats Happening Now...there to oil supply, and less demand

Draupnir

how about discuss the topic, and not the man...i know you now like to chance me around and talk about me...i much like to discussed the topic

they are masters of market manipulation, but the it is a very different situation now.

Transport demand is dropping as people want fuel economy or move to EV. They got 20 years left in the transport industry. There will always be a demand for plastics and other chemicals from oil.

Oil can't go lower than the cost of production. Especially with costs increasing because apparently workers think they have rights :lol:

cost of oil production in Saudi Arabia is very cheap, the problem is, Saudi Arabia use all the money to live off...so as demand for oil drops Saudi Arabia will need to increase there supply of oil to make up for less sale prices

it's Russia and other countries where production cost alot



Edited by adrtho: 21/7/2015 03:29:03 PM

Yeh but $20 US a barrel cheap? That's insane. They can't just up production to 5x more to make up for the price dropping from 100 to 20. It doesn't work like that. Like with all mining/production, everything has a floor price.

it's not on a historic inflation oil prices

1998 $11.91 (Inflation Adjusted $17.26)

I don't find those prices relatable TBH. Oil production costs aren't just tied to inflation.

You'd think only the big 6 (BP, Shell, Total, Chevron, Conoco Phillips and Mobil) would be able to survive it if the costs were that low for an extended period. Perhaps the state owned Chinese companies might also survive.

I'm also forgetting state owned companies like Gazprom etc.

There is no topic. It's a conspiracy theory. There's already conspiracy threads.

why do they have to survive? apple market cap is $750 billion ...they all small company compared :lol:

ok, stick to the conspiracy theory and not the man :lol:

what conspiracy theory are we discussing ?

I'm just saying that these companies have the capital to survive long term low prices.

Gazprom 100% fucked :lol: Russia government taken all there free cash, Gazprom stop paying for the gas they buy from Central Asian countries

i'm no expert on what's going to happen to them, who will survive and who will not....i need to do a lot of reading

So why is my 98RON still expensive as tits?

-PB

You need a Costco in Townsville. Still not as cheap as I think you'd like but it's made a huge difference to the gouging petrol stations do with their cycles in the local area.

See if you can guess where the Costco is :lol:

I've recently started using garlic enfused oil. It's fantastic stuff!

buy electronic car, and stop looking at petrol prices

Edited by adrtho: 21/7/2015 08:47:54 PM

And what do I do when the battery goes shit?

-PB

why the battery go shit?..what do you do when your mobile phone battery goes shit?



Edited by adrtho: 21/7/2015 10:11:38 PM

I throw it in the bin and buy a new one.

Batteries for things like a Prius or Camry aren't cheap.

-PB

Because plugging it into a socket fed by burning coal and native Tasmanian forests is wayyyy better....