mixan
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Activity: 966
Merit: 1000
TRUMP IS DOING THE BEST! MAKE AMERICA GREAT AGAIN!
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January 02, 2016, 12:51:12 AM |
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Delhi in India is trying to curb the situation of being the pollution capital of the world by not allowing cars with certain license plate numbers (odd & even) to not drive on certain days in the month. I think oil will not matter in 15 years as we will have electric cars by then and the only thing that will need gas is your bar-b-que and lawnmower  |
The parasite hates three things: free markets, free will, and free men.
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EdenHazard
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Activity: 2674
Merit: 1048
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January 02, 2016, 06:57:02 AM |
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Oil will rise to 180When post was made price for UK oil was 36.55 Targets:Short term 20-25Long term 180 Long term prediction could be fullfiled between 2017-2019 i wonder how you know about oil price movement?how about now,is oil price have touch 180?or still 36.55? if oil is a good comodity to trade,where i can trade it? |
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Bananana
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January 02, 2016, 07:23:23 AM |
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Oil will rise to 180When post was made price for UK oil was 36.55 Targets:Short term 20-25Long term 180 Long term prediction could be fullfiled between 2017-2019 i wonder how you know about oil price movement?how about now,is oil price have touch 180?or still 36.55? if oil is a good comodity to trade,where i can trade it? I dont think oil will touch 180 ever again, company is slowing shifting the technology to electric, solar and battery. |
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Razick
Legendary
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Activity: 1330
Merit: 1003
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January 05, 2016, 10:06:30 PM |
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Oil? Srsly? LoL
We prolly gonna see sub 40 for the next 5 years.
Yeah. I wouldn't really invest in oil if I were you. Bitcoin is definitely a better option if you want to invest in something. Even investing in gold is better than investing in oil. Like what the hell, who invests in oil. I don't want to put all my eggs in one basket though. I have stocks, bonds, bitcoin, oil and cash. In general I believe equities are superior to commodities because equities represent productive capacity whereas commodities are closer to gambling, BUT, energy is very important, and right now we have a lot of it. I think of owning oil as a hedge against high gas prices in the future. If oil stays low, I'll benefit from paying less at the pump. If it goes up, I'd sell my oil and use the proceeds to cover higher fuel prices. Full disclosure: I sold my USO shares because they have a high expense ratio due to roll costs. USO's fall has been about double that of oil based on the price 10 years ago. It's not a big deal short term, but I don't know how long I'd have to hold. I'd rather own an equity that represents productive capacity with a positive yield. |
ACCOUNT RECOVERED 4/27/2020. Account was previously hacked sometime in 2017. Posts between 12/31/2016 and 4/27/2020 are NOT LEGITIMATE.
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technology2015
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Activity: 39
Merit: 0
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January 05, 2016, 10:34:42 PM |
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Oil will rise to 180When post was made price for UK oil was 36.55 Targets:Short term 20-25Long term 180 Long term prediction could be fullfiled between 2017-2019 i wonder how you know about oil price movement?how about now,is oil price have touch 180?or still 36.55? if oil is a good comodity to trade,where i can trade it? I dont think oil will touch 180 ever again, company is slowing shifting the technology to electric, solar and battery. i agree with you oil will not touch 180 but its price will rise. |
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2legit2
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January 05, 2016, 11:03:26 PM |
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i think its better invest into bitcoin than in some kind of oil shares
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AncilVTwo
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January 06, 2016, 12:17:38 AM |
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How does one invest in oil?
lol this was what i was wondering, an average person can't just go out and stock up on oil lol. it would prolly be a fire hazard. |
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strongman9999
Newbie
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Activity: 11
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January 06, 2016, 12:27:28 AM |
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Iran and Saudi Arabia problems can change oil price
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Ch3wbacca
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January 06, 2016, 04:14:19 PM |
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We hear about renewable energy a lot in the media recently, however these technologies are far from being mainstream like BTC. They will take 15-20years before even 30-35% energy is utilized from solar energy. This should prove that Oil is infact cheap right now, I agree that oil may remain devalued for some more years to come, but it will most likely be $50 or more during that time. Oil might go to $25 short term but regardless if you are a long term investor, oil the holy grail right now and it won't lose its use for a decade to come.
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PM me if you wish for me to advertise you
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HarizDB
Member
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Activity: 98
Merit: 10
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January 06, 2016, 07:39:32 PM |
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The recent tensions between Saudi Arabia and Iran could set a spark on the price of oil. On the other side, the price of oil has felt so rapidly the last 3-4 months, that it really should rise up on the near future. The low price of oil increases the demand of oil, and whit Western countries getting back on track, the need of oil increases. The members of OPEC must also have an interest in seeing the oil prices rise - lower oil prices equals lower profits.
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NorrisK
Legendary
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Activity: 1946
Merit: 1007
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January 06, 2016, 11:49:33 PM |
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The recent tensions between Saudi Arabia and Iran could set a spark on the price of oil. On the other side, the price of oil has felt so rapidly the last 3-4 months, that it really should rise up on the near future. The low price of oil increases the demand of oil, and whit Western countries getting back on track, the need of oil increases. The members of OPEC must also have an interest in seeing the oil prices rise - lower oil prices equals lower profits.
OPEC wants low prices until American companies have permanently shut down a significant amount of mining operations. They want to permanently harm their competitors. Price will likely go much lower still. Demand is still much lower than production, Iran can start producing a lot more when they want and now Russia is also pumping more than before. |
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Yakamoto
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Activity: 1218
Merit: 1007
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January 07, 2016, 12:07:49 AM |
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The recent tensions between Saudi Arabia and Iran could set a spark on the price of oil. On the other side, the price of oil has felt so rapidly the last 3-4 months, that it really should rise up on the near future. The low price of oil increases the demand of oil, and whit Western countries getting back on track, the need of oil increases. The members of OPEC must also have an interest in seeing the oil prices rise - lower oil prices equals lower profits.
OPEC wants low prices until American companies have permanently shut down a significant amount of mining operations. They want to permanently harm their competitors. Price will likely go much lower still. Demand is still much lower than production, Iran can start producing a lot more when they want and now Russia is also pumping more than before. Most countries would love to force out any competitors it has, and when you have groups of people such as the Saudi Royal family able to prop up their businesses for as long as they need, it is entirely possible for them to keep the value low for as long as they need. This could benefit them for a long time if they successfully pull this off. |
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botany
Legendary
Offline
Activity: 1582
Merit: 1064
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January 07, 2016, 01:51:48 AM |
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The recent tensions between Saudi Arabia and Iran could set a spark on the price of oil. On the other side, the price of oil has felt so rapidly the last 3-4 months, that it really should rise up on the near future. The low price of oil increases the demand of oil, and whit Western countries getting back on track, the need of oil increases. The members of OPEC must also have an interest in seeing the oil prices rise - lower oil prices equals lower profits.
OPEC wants low prices until American companies have permanently shut down a significant amount of mining operations. They want to permanently harm their competitors. Price will likely go much lower still. Demand is still much lower than production, Iran can start producing a lot more when they want and now Russia is also pumping more than before. Yup. The fight is all about market share. If American companies had joined the OPEC cartel, then maybe the Saudis would have not been so keen to continue pumping crude.  |
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guy_wonderful (OP)
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January 07, 2016, 02:57:19 PM |
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price reached 32.20
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deisik
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Activity: 3444
Merit: 1280
English ⬄ Russian Translation Services
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January 07, 2016, 02:59:11 PM |
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price reached 32.20
Chinese traders closing their positions in panic |
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chokesir
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Activity: 196
Merit: 100
fastdice.com The Worlds Fastest Bitcoin Dice
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January 07, 2016, 03:18:00 PM |
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Interesting OIL I haven't hear such a thing.
I am just interested to have that, but I don't have enough knowledge about it so better I am just going to do bitcoin.
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LiteCoinGuy
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Activity: 1148
Merit: 1010
In Satoshi I Trust
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January 07, 2016, 06:39:29 PM |
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Oil will rise to 180When post was made price for UK oil was 36.55 Targets:Short term 20-25Long term 180 Long term prediction could be fullfiled between 2017-2019 i share your view. the recession is just starting, 20-25 USD is realistic. |
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AtheistAKASaneBrain
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January 07, 2016, 06:44:33 PM |
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As the china bubble bursts oil will follow, I don't see how it can recover, maybe if Saudi Arabia and Iran start getting confrontational with each other and somehow the price goes up, other than that it all points down.
Then again, who I am to predict the oil market, it's probably one of the most manipulated out there, and id rather stay all-in in Bitcoin because Bitcoin has in-built features that are ready for the future and desirable long term. Oil is not desirable long term, as technology will move on from it.
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deisik
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Activity: 3444
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English ⬄ Russian Translation Services
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January 07, 2016, 06:50:55 PM |
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Then again, who I am to predict the oil market, it's probably one of the most manipulated out there, and id rather stay all-in in Bitcoin because Bitcoin has in-built features that are ready for the future and desirable long term. Oil is not desirable long term, as technology will move on from it.
You don't buy oil in real barrels, you mostly buy oil futures (or options, for that matter) which expire at a set date |
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