guy_wonderful (OP)
|
|
December 19, 2015, 06:02:02 AM Last edit: January 25, 2023, 02:41:14 PM by guy_wonderful |
|
You can use a broker, to invest in to cfd contracts on oil futures. No KYC, deposits/withdrawal in bitcoin, low commissions. Oil will rise to 180When topic was made price for UK oil was 36.55 Active predictions :No other trades.Ended predictions : WTI OIL : 49.37 Target : 50.33 - 50.63 STOP : 49.18Short term 20-25 prediction finnished in january 2016 august 2016 SHORT TERM, short at 49.XX TARGET 38 ~ 42 2 midterm 45-50, Price 34.48Update:at feb 25. 16 midterm, target 45-50; Could be reached in 6 months. must see if touch 30-32 first. at update price was 35Midterm predict. ended in 30.05.2016 at 49.50Long term 180 RESULT (WITH CHART): #1, #2 , (19 Dec, 15) Forecast : 20-25, Price 36.55 , Post #1 #3(25 Feb, 16) Forecast : 45-50, Price 34.48 Post #367#4(30 May, 16) Forecast : 38-42, Price 49.39 Post #598#5(30 May, 16) Forecast : 50.33-50.63, Price 49.37 Post #1114Long term prediction could be fullfiled between 2017-2019 Low is at $27.02 , considered like a bottom. ⚖️ The Forum Fund with Obligations ⚖️
|
|
|
|
|
|
"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
ING Bank
Newbie
Offline
Activity: 12
Merit: 0
|
|
December 19, 2015, 06:34:41 AM |
|
So you are fully invested in Oil? Prices are expected to fall further.
|
|
|
|
Enjorlas
|
|
December 19, 2015, 06:47:04 AM |
|
How does one invest in oil?
|
|
|
|
Holliday
Legendary
Offline
Activity: 1120
Merit: 1010
|
|
December 19, 2015, 06:58:24 AM |
|
|
If you aren't the sole controller of your private keys, you don't have any bitcoins.
|
|
|
Cconvert2G36
|
|
December 19, 2015, 07:09:03 AM |
|
The USO oil etf is at all time lows while vultures are circling.
|
|
|
|
criptix
Legendary
Offline
Activity: 2464
Merit: 1145
|
|
December 19, 2015, 07:17:33 AM |
|
Oil? Srsly? LoL
We prolly gonna see sub 40 for the next 5 years.
|
|
|
|
MataKhobRazi
|
|
December 19, 2015, 08:38:28 AM |
|
Oil won't go up these next years because of the economic recession that is preparing and will soon hit the world
|
|
|
|
1Referee
Legendary
Offline
Activity: 2170
Merit: 1427
|
|
December 19, 2015, 10:15:41 AM |
|
Short term (1-2 years) I wouldn't want to invest in oil, no matter how "low" the price may look. Don't forget that Iran is pumping real hard to spoil the market with oil, and I'm sure that won't stop the comming years. The market currently is flooded with oil, and thus the demand/price might tank even further.
|
|
|
|
Magnr
Newbie
Offline
Activity: 56
Merit: 0
|
|
December 19, 2015, 10:23:31 AM |
|
Short term (1-2 years) I wouldn't want to invest in oil, no matter how "low" the price may look. Don't forget that Iran is pumping real hard to spoil the market with oil, and I'm sure that won't stop the comming years. The market currently is flooded with oil, and thus the demand/price might tank even further.
OP could you explain why? I assumed long term demand for oil will slowly drop as the world seeks cleaner forms of energy.
|
|
|
|
pereira4
Legendary
Offline
Activity: 1610
Merit: 1183
|
|
December 19, 2015, 04:46:03 PM |
|
Oil is over. The supply never stops getting bigger, they always discover new places, this is not even the problem. The thing is, more efficient sources of energy will deprecate this asset. Governments will be forced to start strict anti gas cars and push a more clean and environmental friendly agenda if they don't want everyone dead in a couple of decades.
|
|
|
|
oblomov
|
|
December 19, 2015, 05:00:10 PM |
|
Long term, oil will go down. But there could be supply disruptions that drive the price up sharply in the intermediate term.
Resource extraction gets more efficient, and thus the floor price of commodities declines, over time as extraction technology improves.
There is no true support price level (above zero, that is) for a commodity. Remember, in 1998 oil prices bottomed out at $9/bbl. I remember filling my gas tank for less than $15. Gasoline was as low as 65 cents/gal. in some parts of the US.
In the near term, energy prices may go up if there are fears of supply disruptions int he Mideast due to hostilities between Russia and Turkey. Russia has an economic incentive to encourage such fears.
|
|
|
|
guy_wonderful (OP)
|
|
December 19, 2015, 08:57:48 PM |
|
Short term (1-2 years) I wouldn't want to invest in oil, no matter how "low" the price may look. Don't forget that Iran is pumping real hard to spoil the market with oil, and I'm sure that won't stop the comming years. The market currently is flooded with oil, and thus the demand/price might tank even further.
OP could you explain why? I assumed long term demand for oil will slowly drop as the world seeks cleaner forms of energy. w. a. r. that's why
|
|
|
|
johnyj
Legendary
Offline
Activity: 1988
Merit: 1012
Beyond Imagination
|
|
December 19, 2015, 09:04:41 PM |
|
Many countries are phasing out petroleum based cars in coming decades, thus the oil demand will keep going down for decades to come. But due to there are still petroleum based electricity power plants, the demand will not drop that significantly, anyway the power for electric cars still have to come from petroleum
|
|
|
|
dothebeats
Legendary
Offline
Activity: 3640
Merit: 1352
Cashback 15%
|
|
December 19, 2015, 09:06:59 PM |
|
Short term (1-2 years) I wouldn't want to invest in oil, no matter how "low" the price may look. Don't forget that Iran is pumping real hard to spoil the market with oil, and I'm sure that won't stop the comming years. The market currently is flooded with oil, and thus the demand/price might tank even further.
OP could you explain why? I assumed long term demand for oil will slowly drop as the world seeks cleaner forms of energy. w. a. r. that's why You got that right. The tension is heating up right now, and worse, it may eventually lead to another war which you already iterated. :/ Though it could be tied to something else such as economic recession and the global markets taking a beating, but the former is more likely than the latter.
|
. .HUGE. | | | | | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . CASINO & SPORTSBOOK ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | |
|
|
|
The Sceptical Chymist
Legendary
Offline
Activity: 3332
Merit: 6830
Cashback 15%
|
|
December 19, 2015, 09:21:16 PM |
|
How does one invest in oil?
You got the wiki link, so read it, but a decent way to invest is buying stock in oil companies especially if they pay good dividends. OP, let's hope for all our sakes that oil doesn't go as high as $180 anytime soon. Do you remember how high gas prices were back when it was at $150? That makes everything else expensive, not just gas. God bless the oil shorts.
|
. .HUGE. | | | | | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . CASINO & SPORTSBOOK ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | |
|
|
|
Moneyburner
Member
Offline
Activity: 112
Merit: 10
|
|
December 20, 2015, 01:53:30 AM |
|
Oil is big but not that big. Many different forms of energy and alternate products that are replacing oil every day. I'll laugh when OPEC is left in shambles
|
|
|
|
botany
Legendary
Offline
Activity: 1582
Merit: 1064
|
|
December 20, 2015, 02:14:03 AM |
|
There is currently a drop in demand, mainly due to slowdown in China. There is also a supply glut, due to additional production from shale wells in the US. OPEC's strategy is to maintain the oversupply until US shale wells are forced to close down. They expect prices will increase if they manage to do that.
|
|
|
|
Yakamoto
Legendary
Offline
Activity: 1218
Merit: 1007
|
|
December 20, 2015, 02:29:38 AM |
|
A barrel of oil going for $180, that would be amazing for Saudi Arabia, Canada, etc. I somehow doubt that such a price will come to pass in the next 3-4 years, though. The world is on the brink of entering a recession, and there is currently no indication that it will turn around. It seems especially unlikely because the last high we've seen was at about $100. Unless oil is supposed to jump 80% when it returns to its previous record high, I'll be extremely surprised if it passes $150.
|
|
|
|
bryant.coleman
Legendary
Offline
Activity: 3654
Merit: 1217
|
|
December 20, 2015, 02:36:46 PM |
|
Oil will never reach the $50 per barrel mark again, period. Earlier it was difficult to extract crude oil from complex geological formations such as tar sands and shale. But with the advancement of technology, the extraction of crude from these formations can be done at a very reasonable cost (say $30 per barrel). And there are trillions of barrels of tight oil waiting to be extracted.
|
|
|
|
jaysabi
Legendary
Offline
Activity: 2044
Merit: 1115
★777Coin.com★ Fun BTC Casino!
|
|
December 20, 2015, 07:56:41 PM |
|
How does one invest in oil?
You buy futures contracts.
|
|
|
|
|