Long term OIL

[guy_wonderful]

investing in oil is good idea .but u should not invest it more than 30 years from now .because 50 percent of the energ resources in the world would depend on renewable resources and the cars would all be electric cars and electric stations would be installed in quite a few place .

the truth is that oil will be in deemand FOREVER.  "tesla" is just a HOAX.
AND one general reason WHY. Simply cuz oil - is one of the cheapest available energy sources on planet!!!!
Really crazy people will base their production businesses, factories, on something more expensive than already existing cheap power sources.
One day oil could be replaced even with another cheaper energy source - nuclear. But for obvious reasons not soon.

Electric cars could be good for some consumers who dosen't care about their money or, very suggestible by advertising or, motivated by a fashion but that's a niche which will never reach a masses.

P.S.
Want to go green? go LPG

[1714828122]

1714828122

[1714828122]

1714828122

[1714828122]

1714828122

[1714828122]

1714828122

[deisik]

investing in oil is good idea .but u should not invest it more than 30 years from now .because 50 percent of the energ resources in the world would depend on renewable resources and the cars would all be electric cars and electric stations would be installed in quite a few place .

the truth is that oil will be in deemand FOREVER.  "tesla" is just a HOAX.
AND one general reason WHY. Simply cuz oil - is one of the cheapest available energy sources on planet!!!!
Really crazy people will base their production businesses, factories, on something more expensive than already existing cheap power sources.
One day oil could be replaced even with another cheaper energy source - nuclear. But for obvious reasons not soon

Burning oil for producing energy is one of the craziest ideas that I ever heard

I'm not even speaking about it being one of the cheapest energy sources available altogether. I'd rather say it is one of the most expensive ways to produce energy (I guess burning natural gas would be a better idea overall). More expensive would likely be burning banknotes, and I don't mean Zimbabwean dollars. Nuclear has already been around for half a century, and it looks like this source of energy is shrinking now. If you mean nuclear fusion, it is still in a far too distant future to be of any relevance now

[jondeen707]

!!!BUY!!! Guy Wonderful bets on OPEC's agreement to cut a production, which will be announced today. Oil then could raise for 6-8 dollars by evening. It will be hot day baby, anyway.

Then STEP 2 oil will trade between 60-80 whole next year.  Enough cheap oil.

The price is indeed going up as we speak

[STT]

That was a good tip, not sure that qualifies as long term oil discussion though       I sold some oil company shares as I agree its a good rumour type run up in price but that doesnt mean the actual price is higher after any agreement.   The devil being in the detail of what happens.   Longer term Im not expecting oil to spike especially outside of currency weakness, very long term dollar declines and the nominal figure for oil is above 100 I imagine

[guy_wonderful]

yup yup , that was another great day. Time to stay out of market. Because it's unpredictable anymore.
Price grew just for $3.8 instead of $6-$8 expected.

Market is a dead fish.
Any small comments could make a big difference.
I would rather say SELL instead of BUY in current situation.

[Mario274]

investing in oil is good idea .but u should not invest it more than 30 years from now .because 50 percent of the energ resources in the world would depend on renewable resources and the cars would all be electric cars and electric stations would be installed in quite a few place .

the truth is that oil will be in deemand FOREVER.  "tesla" is just a HOAX.
AND one general reason WHY. Simply cuz oil - is one of the cheapest available energy sources on planet!!!!
Really crazy people will base their production businesses, factories, on something more expensive than already existing cheap power sources.
One day oil could be replaced even with another cheaper energy source - nuclear. But for obvious reasons not soon.

Electric cars could be good for some consumers who dosen't care about their money or, very suggestible by advertising or, motivated by a fashion but that's a niche which will never reach a masses.

P.S.
Want to go green? go LPG

electric cars will never occupy a large segment of the market. They are an alternative car view. Big oil companies will not allow this. Oil - is a product that will be popular for many years. Therefore, investing in it profitable

[guy_wonderful]

investing in oil is good idea .but u should not invest it more than 30 years from now .because 50 percent of the energ resources in the world would depend on renewable resources and the cars would all be electric cars and electric stations would be installed in quite a few place .

the truth is that oil will be in deemand FOREVER.  "tesla" is just a HOAX.
AND one general reason WHY. Simply cuz oil - is one of the cheapest available energy sources on planet!!!!
Really crazy people will base their production businesses, factories, on something more expensive than already existing cheap power sources.
One day oil could be replaced even with another cheaper energy source - nuclear. But for obvious reasons not soon.

Electric cars could be good for some consumers who dosen't care about their money or, very suggestible by advertising or, motivated by a fashion but that's a niche which will never reach a masses.

P.S.
Want to go green? go LPG

electric cars will never occupy a large segment of the market. They are an alternative car view. Big oil companies will not allow this. Oil - is a product that will be popular for many years. Therefore, investing in it profitable

Alternative what? I dont understand! Or it's an alternative how to spend more money on something useless or what "supposed" to be cool? That's what I thought about.
No. I could liked the idea. The first car which Apple would produce either electric or fuel I would like to be first who bought it, just because it's fits perfect with a phone!!! AHAHA

[nemgun]

Here are fresh news : http://www.nytimes.com/2016/09/29/business/energy-environment/opec-agreement-oil-prices.html?_r=0
They finally found an agreement :

- Oil production will be reduced by 1.2Mil barrels.
- Iran will rise its production to 3.8Mil barrels instead of 4Mil.
- They want to stabilise the price around 60$.

It is great news for economies who rely entirely on oil, however, i am still worried about schist oil production price, selling price. This kind of oil costs a lot more to produce, it was fine some years ago when the Brent was higher than 100$, but now the exploitation of schist oil is just a waste of time and money. I would like to know what you think about it, because i think that the 60$ goal have something to do with schist oil.

[deisik]

Here are fresh news : http://www.nytimes.com/2016/09/29/business/energy-environment/opec-agreement-oil-prices.html?_r=0
They finally found an agreement :

- Oil production will be reduced by 1.2Mil barrels.
- Iran will rise its production to 3.8Mil barrels instead of 4Mil
- They want to stabilise the price around 60$.

It is great news for economies who rely entirely on oil, however, i am still worried about schist oil production price, selling price. This kind of oil costs a lot more to produce, it was fine some years ago when the Brent was higher than 100$, but now the exploitation of schist oil is just a waste of time and money. I would like to know what you think about it, because i think that the 60$ goal have something to do with schist oil

It is a great news for American and Canadian shale oil producers as well

And until they are taken out of the equation somehow, OPEC's dreams may never come true. The only thing that could save oil long term is increased consumption, not OPEC's decreased production. If the world economy continues to stagnate, the consumption is not going to increase any time soon, so higher prices beyond usual market volatility are unlikely. Even the current price seems to have a lot of speculative component in it

[el kaka22]

investing in oil is good idea .but u should not invest it more than 30 years from now .because 50 percent of the energ resources in the world would depend on renewable resources and the cars would all be electric cars and electric stations would be installed in quite a few place .

But to me I think investment in oil is still a good idea, no doubt that car will start using electric resourses, but  I think the importance of oil cannot be decrease yes, as the resource of oil are decreasing from time to time therefore the supply will reduce and the demand will increase and so the price of oil will also increase so much, therefore to me investment in oil is not a bad idea.

[nemgun]

investing in oil is good idea .but u should not invest it more than 30 years from now .because 50 percent of the energ resources in the world would depend on renewable resources and the cars would all be electric cars and electric stations would be installed in quite a few place .

But to me I think investment in oil is still a good idea, no doubt that car will start using electric resourses, but  I think the importance of oil cannot be decrease yes, as the resource of oil are decreasing from time to time therefore the supply will reduce and the demand will increase and so the price of oil will also increase so much, therefore to me investment in oil is not a bad idea.

Oil still have a bright future, you are all forgetting some of the most important points here :

1- Renewable resources are expensive to process.
2- 80% of the countries in the world are called "3rd World".
3- Only the "G21" is concerned by the renewable energy, and it is just 21 countries.
4- The cheapest energy is provided by oil (electric central, cars, manufactures ... )
5- The actual investments will feed the market for decades.

That's why oil market will exist for a long time, and his importance if far from dropping. Let's say that G21 decides not use any more OIL, and then ? There will always be 80% of the world to consume it, and because of how capitalism works the G21 will return to its usage because of the lowered price. So you should carefully understand the OIL ecosystem and consumption before thinking that the "world" will turn green. I know a lot of countries who can't even imagine living without OIL. G21 is the exception, not the rule.

[Sithara007]

It is a great news for American and Canadian shale oil producers as well

And until they are taken out of the equation somehow, OPEC's dreams may never come true. The only thing that could save oil long term is increased consumption, not OPEC's decreased production. If the world economy continues to stagnate, the consumption is not going to increase any time soon, so higher prices beyond usual market volatility are unlikely. Even the current price seems to have a lot of speculative component in it

There are still chances out there for an increase in the consumption. For example, the oil consumption in India has steadily increased for the past 2-3 years. Africa is another region, where an increase can take place.

[deisik]

It is a great news for American and Canadian shale oil producers as well

And until they are taken out of the equation somehow, OPEC's dreams may never come true. The only thing that could save oil long term is increased consumption, not OPEC's decreased production. If the world economy continues to stagnate, the consumption is not going to increase any time soon, so higher prices beyond usual market volatility are unlikely. Even the current price seems to have a lot of speculative component in it

There are still chances out there for an increase in the consumption. For example, the oil consumption in India has steadily increased for the past 2-3 years. Africa is another region, where an increase can take place.

Small increases of local consumption can happen anywhere across the globe, but how much they will affect the total consumption? It is large consumers like China and the US that matter, and their economies seem to be slowing down (whatever we are being told to the contrary). On the other hand, the price of crude oil going down could itself contribute to increased consumption, though the demand for oil is usually considered not very elastic on the whole...

That is, it doesn't change much with even severe price fluctuations

[Multipulty]

Fluctuations in global crude oil prices have always been the focus of the economic and financial news. The higher crude oil prices rise, the more positive is the economic outlook for petroleum exporters. In contrast, countries dependent on petroleum imports suffer to varying degrees from those same higher prices as import bills increase. Estimates for the price per barrel for crude oil from leading financial and multilateral institutions are thus closely monitored by governments, investors, and consumers alike.

[jaysabi]

investing in oil is good idea .but u should not invest it more than 30 years from now .because 50 percent of the energ resources in the world would depend on renewable resources and the cars would all be electric cars and electric stations would be installed in quite a few place .

the truth is that oil will be in deemand FOREVER.  "tesla" is just a HOAX.
AND one general reason WHY. Simply cuz oil - is one of the cheapest available energy sources on planet!!!!
Really crazy people will base their production businesses, factories, on something more expensive than already existing cheap power sources.
One day oil could be replaced even with another cheaper energy source - nuclear. But for obvious reasons not soon.

Electric cars could be good for some consumers who dosen't care about their money or, very suggestible by advertising or, motivated by a fashion but that's a niche which will never reach a masses.

P.S.
Want to go green? go LPG

Tesla is a hoax how? Oil is finite. One thing for certain is there will be a day where oil can no longer power the world economy. That may be 70 years in the future, or it may be longer. But a transition to alternative fuel for transportation is eventually necessary. Electricity is the most likely replacement for large-scale energy consumption. Tesla is not a hoax. It's just the first attempt at wide availability for the future of transportation power.

[Sithara007]

Small increases of local consumption can happen anywhere across the globe, but how much they will affect the total consumption? It is large consumers like China and the US that matter, and their economies seem to slowing down (whatever we are being told to the contrary). On the other hand, the price of crude oil going down could itself contribute to increased consumption, though the demand for oil is usually considered not very elastic on the whole...

That is, it doesn't change much with even severe price fluctuations

No doubt that the consumption in China is going down, mostly as a result of the tough environmental regulations. But traditionally, the United States has been a high-oil consuming nation. If the lower gasoline prices are going to prevail for another year or two, then we might see an increase in the oil consumption there.

[jaysabi]

Small increases of local consumption can happen anywhere across the globe, but how much they will affect the total consumption? It is large consumers like China and the US that matter, and their economies seem to slowing down (whatever we are being told to the contrary). On the other hand, the price of crude oil going down could itself contribute to increased consumption, though the demand for oil is usually considered not very elastic on the whole...

That is, it doesn't change much with even severe price fluctuations

No doubt that the consumption in China is going down, mostly as a result of the tough environmental regulations. But traditionally, the United States has been a high-oil consuming nation. If the lower gasoline prices are going to prevail for another year or two, then we might see an increase in the oil consumption there.

Oil consumption in China is not going down. It is still rising, and will continue to rise. http://www.eia.gov/outlooks/steo/report/global_oil.cfm

Those projections are the November 2016 short term energy outlook from the EIA. It shows an actual increase in oil consumption by China and the world as a whole that is projected to continue rising presently.

[mindrust]

Oil prices are going up and it will be going up. When it goes up high enough, it will create a war where the oil producers will be bombed to hell.

If you watched Trump's early videos, he is definetely disgusted by the high oil prices. On the other hand; Saudi's, Iranians, Russians, the other Arabs have no other choice but sell their oil from the higher price. If they dont do that they cant simply survive for long.

The War is coming

[deisik]

Oil prices are going up and it will be going up. When it goes up high enough, it will create a war where the oil producers will be bombed to hell.

If you watched Trump's early videos, he is definetely disgusted by the high oil prices. On the other hand; Saudi's, Iranians, Russians, the other Arabs have no other choice but sell their oil from the higher price. If they dont do that they cant simply survive for long.

The War is coming

I don't mind if Trump nukes Riyadh

On the other hand, why would he want to do that if there are already 4 US military bases deployed in Saudi Arabia with thousands of personnel, and they could just take control over the oil drilling rigs there? Bombing Iran or Russia? More power to him, but I think he should first start bombing shale oil producers somewhere in North Dakota or Texas. Though it seems that the war is no longer on the agenda. Hillary lost the elections after all, didn't she?

[BlockEye]

Oil prices are going up and it will be going up. When it goes up high enough, it will create a war where the oil producers will be bombed to hell.

If you watched Trump's early videos, he is definetely disgusted by the high oil prices. On the other hand; Saudi's, Iranians, Russians, the other Arabs have no other choice but sell their oil from the higher price. If they dont do that they cant simply survive for long.

The War is coming

I don't mind if Trump nukes Riyadh

On the other hand, why would he want to do that if there are already 4 US military bases deployed in Saudi Arabia with thousands of personnel, and they could just take control over the oil drilling rigs there? Bombing Iran or Russia? More power to him, but I think he should first start bombing shale oil producers somewhere in North Dakota or Texas. Though it seems that the war is no longer on the agenda. Hillary lost the elections after all, didn't she?

I agree. Trump will not bombed any country just for oil because this actually a waste of resources. America has control on oil market in middle east. They will just focus on countering terrorism especially isis that terrorizing the middle east that affects economy there