Long term OIL

[bitba.org]

Well, i thik now is time to start some little long position. If hold 30$ oviously! 

[1713999723]

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[1713999723]

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[1713999723]

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[botany]

Brent near 30

And it's getting better.Morgan Stanley, Goldman Sachs and RBS have already predicted prices below the $30 range for this year and now Standardd Chartered goes a bit further and believes a low of $10 is not unlikely!!WOW!!!

http://www.telegraph.co.uk/finance/oilprices/12094394/Oil-price-could-fall-to-10-a-barrel-warn-investment-bank-bears.html

Let us not forget that Goldman Sachs hit headlines with their prediction of crude at $200/barrel not so long ago. Prices will pick up as the global economy recovers, but nobody can be sure when that will happen.
Right now, we just have to watch the data from China.

Their "predictions" are based on a full-fledged war between Iran and Saudi Arabia, with missiles hitting major oil producing and processing facilities in both countries, which happen to be close to the coastal line of the Persian Gulf

I'm curious if they could secretly agree on "attacking" each other to boost oil prices

I was talking about predictions made 4-5 years ago, when crude was on an upward trend, hovering around the $130/barrel mark.
http://www.nytimes.com/2008/05/21/business/21oil.html?_r=0
Analysts thought that this trend would continue for ever.

[jaysabi]

Brent near 30

And it's getting better.Morgan Stanley, Goldman Sachs and RBS have already predicted prices below the $30 range for this year and now Standardd Chartered goes a bit further and believes a low of $10 is not unlikely!!WOW!!!

http://www.telegraph.co.uk/finance/oilprices/12094394/Oil-price-could-fall-to-10-a-barrel-warn-investment-bank-bears.html

Let us not forget that Goldman Sachs hit headlines with their prediction of crude at $200/barrel not so long ago. Prices will pick up as the global economy recovers, but nobody can be sure when that will happen.
Right now, we just have to watch the data from China.

Their "predictions" are based on a full-fledged war between Iran and Saudi Arabia, with missiles hitting major oil producing and processing facilities in both countries, which happen to be close to the coastal line of the Persian Gulf

I'm curious if they could secretly agree on "attacking" each other to boost oil prices

I was talking about predictions made 4-5 years ago, when crude was on an upward trend, hovering around the $130/barrel mark.
http://www.nytimes.com/2008/05/21/business/21oil.html?_r=0
Analysts thought that this trend would continue for ever.

And just how in 2008 when $30 oil was unimaginable, now we have the reverse where $130 oil is unimaginable. People have short memories and have the tendency to think that the current situation is going to last forever, but oil is cyclical. One thing I would bet on is that oil is not going to stay this low forever.

[deisik]

And just how in 2008 when $30 oil was unimaginable, now we have the reverse where $130 oil is unimaginable. People have short memories and have the tendency to think that the current situation is going to last forever, but oil is cyclical. One thing I would bet on is that oil is not going to stay this low forever.

Rephrasing a well-known adage, it doesn't need to stay that low forever, it just needs to stay low longer than you can stay solvent, lol

[oHnK]

I think long term oil will be under 20 dollars because there is still excess oil reserves like those in US and demand for oil from China which continues to decline.

[guy_wonderful]

For those who was asking how oil investing works..

#From the journal #
It's great time to invest in to oil. Why? There is no risk involved and also will give a great return.
WHY
I'm about to buy a specific amount of barels when price will reach right point.

I have $11k at a bank acc, which at price $20/b allows me to go long for 500 barels. That's also is a leverage 1:1*
(Money managment): Position based on the fact that price will never fall under $1/b ("haha")

When price wil reach predicted $180 I will earn difference of $160, which means $160 x b500 = $80k

Theoreticaly costs will be from $100 to $2400 as a broker fees.

And then just pay %25 in taxes.

Your broker (if not very very good one ) will ask you for a margin, a sum which will support your 500 barrels position. A sum of $800 will be enought. Interesting. Some "brokers" dont asks for a margin , trader pays loses after, ussualy, in 24 hours. And trader can just give an order to buy/sell for  ANY ammount position, of oil barels for exemple. That's how people trade at so called "pits" on big exchanges.

That how works this great, non risk involved trading, this "price circle" hapens just once in "very long time".
Dont miss this time
DOnt hestitate to pm if any more questions occurs.  

*in theory, of course 1:1 leverage technicaly isnt an leverage at all.
But that would be 1:14 leverage to the margin ($800)

[deisik]

That how works this great, non risk involved trading, this "price circle" hapens just once in "very long time".
Dont miss this time
DOnt hestitate to pm if any more questions occurs

You forget about contango, young padawan

[MyBTT]

You really think that the price of oil will reach $180 in 2017-3019??  I really doubt that it will reach that.

[justspare]

You really think that the price of oil will reach $180 in 2017-3019??  I really doubt that it will reach that.

I also really doubt that the price of oil will go that high this quickly. Maybe it will reach $80, but that's it.

[expert4knowledge]

Who wants to invest in oil? That's pretty stupid. The oil price now is shit.

Invest when there is blood inthe streets it is said.
Right now there's a battle in the oil industry going on. No one knows how long this will continue.But one day it will end.And prices will react. So there will be people speculating for a future price increase.If this is wise or smart is a different question.

It seems risky, because of environmental issues oil  consumption will decrease in near future.

[expert4knowledge]

You really think that the price of oil will reach $180 in 2017-3019??  I really doubt that it will reach that.

I think it will not reach that value and the good price for oil will be something around 30 $ unless something like a big war happens.

[deisik]

Oil below zero, wtf

Seems to be a fake news, but nevertheless... The price of North Dakota Sour oil, a high-sulfur lower-end blend, turned negative when the refining firm Flint Hills required the oil producers to pay them 0.5$ per barrel for processing that blend...

[bryant.coleman]

You really think that the price of oil will reach $180 in 2017-3019??  I really doubt that it will reach that.

Definitely not in 2017. May be in 2037. But by then, the United States Dollar will be worth much less, than it is today. The reason is that the oil prices will remain in $30-40 levels, as long as the shale oil production continues in the United States. And according to reliable reports, the shale oil production will remain in place for the next 20 or 30 years.

[tolikkk]

and that the probability of the bottom level , but my memory is already exhausted , talking about 29-30$ per barrel, and that the formulas of the world economies of the 90s, as I appear to require migration and the probability of oil prices, adjusted for the present, but not to be more mover economies, which , thanks to them, but manipulation for 50 years in 10-fold increased financial volume, and that just as the value of land can play an essential role in development, and the need to Mature and balance and redistribution, and mnogogrannost and so on, and that's probably oil, 50 years remaining on the ground, but the understanding of oil under water and the feasibility of extraction and economic miscalculations of options and the adjustment of the global economy under those or other periods of development or under certain development area, I think the option of national collective management is more acceptable to mankind and how much by the way the right oil in the first place we are talking about the retention of the levers of development by all participants of the global development, I think, although

[BTCBinary]

The Oil industry has seen better days. We are now watching an industry shift. The electricity industry is growing and surpassing the Oil industry. It will be extremelly important to leave the Oil has our preferred fuel if we want to decrease our polution levels

[bryant.coleman]

The Oil industry has seen better days. We are now watching an industry shift. The electricity industry is growing and surpassing the Oil industry. It will be extremelly important to leave the Oil has our preferred fuel if we want to decrease our polution levels

Electricity is much more economical than gasoline to run automobiles. But the issue is that the Lithium batteries, used to store electricity are very expensive. And the Lithium reserves around the world are fast depleting as well. If the technology can progress on this sector, then it might become possible to completely replace gasoline for running the automobiles.

[deisik]

Electricity is much more economical than gasoline to run automobiles. But the issue is that the Lithium batteries, used to store electricity are very expensive. And the Lithium reserves around the world are fast depleting as well. If the technology can progress on this sector, then it might become possible to completely replace gasoline for running the automobiles.

Electric cars are as old as internal combustion engine cars. To substitute the latter with the former would require a major technological break-through in electricity storage, like, for example, an internal combustion engine itself had been to a steam engine...

Lithium batteries don't cut it, by neither price nor capacity

[Ernstew]

What do you mean by "long term"? For decades, yes. For centuries, probably a lot less as a fuel, although for airplanes it might still make sense.

[sana54210]

The Oil industry has seen better days. We are now watching an industry shift. The electricity industry is growing and surpassing the Oil industry. It will be extremelly important to leave the Oil has our preferred fuel if we want to decrease our polution levels

Electricity is much more economical than gasoline to run automobiles. But the issue is that the Lithium batteries, used to store electricity are very expensive. And the Lithium reserves around the world are fast depleting as well. If the technology can progress on this sector, then it might become possible to completely replace gasoline for running the automobiles.

Yes the electricity is more economical than gasoline to run automobiles and the depletion of oil is more faster that the depletion of lithium as lithium require only one time purchasing and can be recycled. Also through solar panel, the automobile driving becomes free of cost.

[expert4knowledge]

The Oil industry has seen better days. We are now watching an industry shift. The electricity industry is growing and surpassing the Oil industry. It will be extremelly important to leave the Oil has our preferred fuel if we want to decrease our polution levels

Electricity is much more economical than gasoline to run automobiles. But the issue is that the Lithium batteries, used to store electricity are very expensive. And the Lithium reserves around the world are fast depleting as well. If the technology can progress on this sector, then it might become possible to completely replace gasoline for running the automobiles.

Nowadays electricity is not economical neither for auto owners nor for auto manufacturers. But to prevent pollution we can use them and trends suggest it will be used much more and oil consumption will decreases.