Long term OIL

[busybee7]

i will actually buy some shares because in my opinion sooner or later the price will surely go up because it has never been so down was it? i will invest some money in it for sure

[MoneyChanger]

US is biggest consumer of oil and they must find alternative for fosil fuels, couse they are most responsibility!

[mtnsaa]

i will actually buy some shares because in my opinion sooner or later the price will surely go up because it has never been so down was it? i will invest some money in it for sure

I'm not so sure, there has been plenty of examples like this with other resources, people couldn't believe the price was so low and kept buying and buying an the price kept dropping and dropping. I tend to think that if you buy oil today it will be worth a lot in the next years but I really don't know what the floor currently is so I stay away.

Oil could be replaced by other energy sources, but oil it's not only an energy source, it will still be needed for many things. For example you can't manufacture a car with solar energy, it takes around 5 oil gallons to just make one tire!

[MoneyChanger]

US government deliberately brings price down to crash Russia exporting oil and gas.. Suddenly Iran got permission to export oil..Oil will artificially goes down for some time..Main goal complete control over world oil supply by US.

[Barnabe]

US government deliberately brings price down to crash Russia exporting oil and gas.. Suddenly Iran got permission to export oil..Oil will artificially goes down for some time..Main goal complete control over world oil supply by US.

Some people also say that Saudi Arabia increased its production so Shale Gas industry crashes (because it's more expensive to extract).

[MoneyChanger]

Saudi Arabia oil production is under the US influence. Not to mention they are US protectorate!

[Barnabe]

Saudi Arabia oil production is under the US influence. Not to mention they are US protectorate!

Oil is crucial for Saudi economy (it's almost the only thing they produce). US influence may be important, but the Oil price is what really matters for them.
I think it's safe to say that their interests are more important than the US influence 

[deisik]

US government deliberately brings price down to crash Russia exporting oil and gas.. Suddenly Iran got permission to export oil..Oil will artificially goes down for some time..Main goal complete control over world oil supply by US

Iran has been selling its oil both directly to China and to the West through Russia (technically, Russia has been selling more of its own oil, using Iranian oil domestically). Now Russia says about bringing down the supply of its oil by some 400,000 bpd, which suddenly coincides with the amount of oil that Iran is going to begin selling in the nearest future, lol...

So, by lifting sanctions, the US didn't win anything substantial in an effort to crash Russian economy

[Barnabe]

US government deliberately brings price down to crash Russia exporting oil and gas.. Suddenly Iran got permission to export oil..Oil will artificially goes down for some time..Main goal complete control over world oil supply by US

Iran has been selling its oil both directly to China and to the West through Russia. Now Russia says about bringing down the supply of its oil by some 400,000 bpd, which suddenly coincides with the amount of oil that Iran is going to begin selling in the nearest future...

So with lifting sanctions the US didn't win anything substantial in an effort to crash Russian economy

It's still 400'000bpd worth of money less for Russia

[MoneyChanger]

Saudi don't have a chance !
They must obey US.. If not they will have revolution also, excuse for intervention will be humans rights
 and more cheap oil will flow like oil from terrorist state..

[deisik]

US government deliberately brings price down to crash Russia exporting oil and gas.. Suddenly Iran got permission to export oil..Oil will artificially goes down for some time..Main goal complete control over world oil supply by US

Iran has been selling its oil both directly to China and to the West through Russia. Now Russia says about bringing down the supply of its oil by some 400,000 bpd, which suddenly coincides with the amount of oil that Iran is going to begin selling in the nearest future...

So with lifting sanctions the US didn't win anything substantial in an effort to crash Russian economy

It's still 400'000bpd worth of money less for Russia

You innocently assume that Iran was giving its oil for free?

[MoneyChanger]

How oil price can influence Bitcoin price?
Easy through electricity. Electricity will go down and price of mining will be little cheaper. Cheaper block will influence more hashrate! BTC price will increase!
My opinion.

[MargaretsDream]

How oil price can influence Bitcoin price?
Easy through electricity. Electricity will go down and price of mining will be little cheaper. Cheaper block will influence more hashrate! BTC price will increase!
My opinion.

Price will actually go down because more hashrate increases the supply with increase driving the price down.

[MoneyChanger]

More hashrate more difficulty, more difficulty, price is going up.
Demand is going up..

[MoneyChanger]

Hashrate always starts growing after price goes up..
Bitcoin price has influence on hashrate. Hashrate is always growing up until mining cost hits bitcoin price.

[Amph]

How oil price can influence Bitcoin price?
Easy through electricity. Electricity will go down and price of mining will be little cheaper. Cheaper block will influence more hashrate! BTC price will increase!
My opinion.

Price will actually go down because more hashrate increases the supply with increase driving the price down.

the halving is there for this reason, to reduce the pressure from the miners, which with their margin i don't believe is very high, they are not selling 3600 coins per day

and it's the price that drive the diff up not the opposite

[arbitrage]

Oil is in the hands of few corporations who hides behind US government!
Us government is in service of few families who owns 90% of whole world!
They controlling every aspect of living today not only price of oil!

[RealBitcoin]

I personally think the oil market is done for. It was a huge imbalance in profit margins that needed to be corrected.

The price will probably not go up again, because people barely have enough money these days to use up much oil.

[romero121]

Oil is in the hands of few corporations who hides behind US government!
Us government is in service of few families who owns 90% of whole world!
They controlling every aspect of living today not only price of oil!

This is not true, This is acceptable only for few asian and east asian countries who are the wealth makers through oil. But truely now if it is in service of few families then it shouldn't released the ban over a country recently, which is a downfall for most oil profiters in gulf

[JosNekoKopa]

World is in chaos and confusion right now !
And it is hard to predict anything..