Long term OIL

[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!!!!

Meet the first hydrogen-electric semi-truck, Nikola One



According to the company's data, this truck features six electric motors, each wheel being powered by its own motor. The car is expected to operate in the range of up to 1,200 miles, and the company is going to manufacture around 5,500 such trucks by 2020. Since hydrogen cells are hard to come by, the company is also planning to build over 360 hydrogen stations in the US and Canada (which other hydrogen-powered cars can use as well). It is estimated that one truck should take approximately 15-20 minutes to refill...

And I guess the truck name comes from Nicola Tesla

[Sithara007]

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

Actually, the US no longer needs to seize the petroleum assets in the middle east and Africa. The shale oil production in the US has risen to such an amount that now the country ranks among the top 3 producers of crude oil in the world. And with the crude oil prices rising to $55 per barrel, I expect the American producers to increase their output.

[nemgun]

It is funny to see that people still believe that Trump will bomb countries because of OIL price. USA doesn't need this to rise OIL if they wanted to. The US local oil market is made of hundreds of extraction companies, it is one of the reasons why the impact of OPEC's decision can be wiped out by the US extractors, they can't be regulated, and it is generaly considered that the cost for 1 US oil barrel is around 30-40 $, it means that even in the actual price range, they can make fine benefits.
The US external strategy is "constant" and can't change because a president decided it, stop thinking that presidents can do what they want, the most important point that most of you ommited is : How much a daech oil barrel costs ? Generally it is half of the market price. The next important question is, how big is the oil's black market ? Because every country who produces OIL in the world, a member of OPEC or not, sells OIL barrels in the black market, and no one really knows how much barrels are sold daily.
Regarding daech, you must know that the most important customers of their oil are latin american countries, feeded by Turquish traders.
Once you add all of this parameters, you can easily understand why the price ifn't fluctuating as it should do when an OIL producer is at war.

[deisik]

It is funny to see that people still believe that Trump will bomb countries because of OIL price. USA doesn't need this to rise OIL if they wanted to. The US local oil market is made of hundreds of extraction companies, it is one of the reasons why the impact of OPEC's decision can be wiped out by the US extractors, they can't be regulated, and it is generaly considered that the cost for 1 US oil barrel is around 30-40 $, it means that even in the actual price range, they can make fine benefits.
The US external strategy is "constant" and can't change because a president decided it, stop thinking that presidents can do what they want, the most important point that most of you ommited is : How much a daech oil barrel costs ? Generally it is half of the market price. The next important question is, how big is the oil's black market ? Because every country who produces OIL in the world, a member of OPEC or not, sells OIL barrels in the black market, and no one really knows how much barrels are sold daily.
Regarding daech, you must know that the most important customers of their oil are latin american countries, feeded by Turquish traders.
Once you add all of this parameters, you can easily understand why the price ifn't fluctuating as it should do when an OIL producer is at war.

Daech will soon be irrelevant altogether

And their smuggling of oil through Turkey seems to have come to an end finally. Besides, I don't quite understand why every oil producing country should necessarily sell oil in the black market. I don't ask you which countries are doing this, but I would still like to know whom are they selling this oil and why they can't sell it in the open. Namely, who are these oil black market consumers after all?

[nemgun]

It is funny to see that people still believe that Trump will bomb countries because of OIL price. USA doesn't need this to rise OIL if they wanted to. The US local oil market is made of hundreds of extraction companies, it is one of the reasons why the impact of OPEC's decision can be wiped out by the US extractors, they can't be regulated, and it is generaly considered that the cost for 1 US oil barrel is around 30-40 $, it means that even in the actual price range, they can make fine benefits.
The US external strategy is "constant" and can't change because a president decided it, stop thinking that presidents can do what they want, the most important point that most of you ommited is : How much a daech oil barrel costs ? Generally it is half of the market price. The next important question is, how big is the oil's black market ? Because every country who produces OIL in the world, a member of OPEC or not, sells OIL barrels in the black market, and no one really knows how much barrels are sold daily.
Regarding daech, you must know that the most important customers of their oil are latin american countries, feeded by Turquish traders.
Once you add all of this parameters, you can easily understand why the price ifn't fluctuating as it should do when an OIL producer is at war.

Daech will soon be irrelevant altogether

And their smuggling of oil through Turkey seems to have come to an end finally. Besides, I don't quite understand why every oil producing country should necessarily sell oil in the black market. I don't ask you which countries are doing this, but I would still like to know whom are they selling this oil and why they can't sell it in the open. Namely, who are these oil black market consumers after all?

Daech is still a greath threat to the whole muslim regions, do not forget their strong presence in lybia, you may be shocked in the next months.
Their smuggling can't be ended, it is like if you wanted to close a river's road, the will simply find another way.
Every oil producing country member of OPEC sells amounts of oil berels outside of the legal circuits because all of them produces a lot more then what they declare, usually it is a bonus who goes to the ones who rule the country, in a complete opacity.
They can't sell it in open market because the amount of oil sold by every country is decided politicaly, rising oil production is a geopolitical decision.
The oil black market consumers are :

- Latine america countries.
- African countries.
- North korea.
- UE countries.

Think about it, who would buy an oil barrel at 100$ while he can get if for 50$ ?

[blackstone]

Prices of oil is falling day by day . And full time investment in it would be too much foolish .well then i would suggest u to invest in some startups , why not inbest in bitcoins.it is the future.and people are moving towards Renewable sources of energy .

[jaysabi]

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

Fat chance. War will increase the price of oil, and "bombing oil producers to hell" will destroy critical infrastructure needed to extract and transport oil. Not to mention it would further destabilize the region in areas that are presently stable.

[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!!!!

Meet the first hydrogen-electric semi-truck, Nikola One



According to the company's data, this truck features six electric motors, each wheel being powered by its own motor. The car is expected to operate in the range of up to 1,200 miles, and the company is going to manufacture around 5,500 such trucks by 2020. Since hydrogen cells are hard to come by, the company is also planning to build over 360 hydrogen stations in the US and Canada (which other hydrogen-powered cars can use as well). It is estimated that one truck should take approximately 15-20 minutes to refill...

And I guess the truck name comes from Nicola Tesla

This is interesting, especially the range of 1200 miles. However, I'm skeptical of fuel cell technology. Companies have been promising this technology forever, but it's never been cheap enough to be a viable alternative. I don't anticipate t becoming so for the trucking industry either. Natural gas is a far easier, cheaper, and likely technology, and there are already companies in the US serving that emerging trend, including Clean Energy Fuels, and Westport engines. Natural gas is already viable as a fuel alternative, and cheaper than diesel even in this repressed oil price environment.

[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!!!!

Meet the first hydrogen-electric semi-truck, Nikola One

According to the company's data, this truck features six electric motors, each wheel being powered by its own motor. The car is expected to operate in the range of up to 1,200 miles, and the company is going to manufacture around 5,500 such trucks by 2020. Since hydrogen cells are hard to come by, the company is also planning to build over 360 hydrogen stations in the US and Canada (which other hydrogen-powered cars can use as well). It is estimated that one truck should take approximately 15-20 minutes to refill...

And I guess the truck name comes from Nicola Tesla

This is interesting, especially the range of 1200 miles. However, I'm skeptical of fuel cell technology. Companies have been promising this technology forever, but it's never been cheap enough to be a viable alternative. I don't anticipate t becoming so for the trucking industry either. Natural gas is a far easier, cheaper, and likely technology, and there are already companies in the US serving that emerging trend, including Clean Energy Fuels, and Westport engines. Natural gas is already viable as a fuel alternative, and cheaper than diesel even in this repressed oil price environment.

Hydrogen is also a natural gas

And I'm almost certain that they are using liquid hydrogen, not hydrogen fuel cells (judging by the time it takes to refill one truck, i.e. 15 minutes). As I get it, no fuel cells could possibly provide this range of operation for a semi-truck with six powerful electric motors. Hydrogen is the best fuel available out there which could be burned...



So we can just sit and wait till one of these hydrogen stations spectacularly blows up in flames

[criptix]

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!!!!

Meet the first hydrogen-electric semi-truck, Nikola One

According to the company's data, this truck features six electric motors, each wheel being powered by its own motor. The car is expected to operate in the range of up to 1,200 miles, and the company is going to manufacture around 5,500 such trucks by 2020. Since hydrogen cells are hard to come by, the company is also planning to build over 360 hydrogen stations in the US and Canada (which other hydrogen-powered cars can use as well). It is estimated that one truck should take approximately 15-20 minutes to refill...

And I guess the truck name comes from Nicola Tesla

This is interesting, especially the range of 1200 miles. However, I'm skeptical of fuel cell technology. Companies have been promising this technology forever, but it's never been cheap enough to be a viable alternative. I don't anticipate t becoming so for the trucking industry either. Natural gas is a far easier, cheaper, and likely technology, and there are already companies in the US serving that emerging trend, including Clean Energy Fuels, and Westport engines. Natural gas is already viable as a fuel alternative, and cheaper than diesel even in this repressed oil price environment.

Hydrogen is also a natural gas

And I'm almost certain that they are using liquid hydrogen, not hydrogen fuel cells (judging by the time it takes to refill one truck, i.e. 15 minutes). As I get it, no fuel cells could possibly provide this range of operation for a semi-truck with six powerful electric motors. Hydrogen is the best fuel available out there which could be burned...



So we can just sit and wait till one of these hydrogen stations spectacularly blows up in flames

Hydrogen doesnt exist as a natural gas.
The process of making hydrogen cost more energy then it can produce by being burned.

And it is probaly compressed hydrogen gas. Liquid hydrogen has to be cooled under 21 kelvin.

Hydrogen is therefore less of an energy source but more of a energy transporter.
The future could be renewables/fusion --> hydrogen

[IIOII]

Hydrogen doesnt exist as a natural gas.
The process of making hydrogen cost more energy then it can produce by being burned.

And it is probaly compressed hydrogen gas. Liquid hydrogen has to be cooled under 21 kelvin.

Hydrogen is therefore less of an energy source but more of a energy transporter.
The future could be renewables/fusion --> hydrogen

Of course. But even using hydrogen as a form of energy storage to fuel cars would be a significant steps towards using less oil. Indeed, one of the problems with renewable energy is that it often is excessively available in times of low demand (for example wind energy). So using unconsumed excess energy to produce hydrogen makes a lot of sense.

But it will be a long way before the whole car industry is running on electricity/hydrogen.

[Shady]

Oil surely is looked at trouble in the short term by most people. As always, getting into any investment early will raise suspicion but most, if not all can be turned into a rewarding experience.

No matter how many doubt something be the one jumping in early... Just like with Bitcoin.

[MMA]

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.

yes no doubt that the availability of crude oil is continuously decreasing and not doubt that a time is coming when there will be no oil in this world therefore the replacement of oil is necessary, but i think already in the backward countries there is shortage of electricity, they how can they replace electricity for oil. it will was a big problem for them.

[deisik]

Hydrogen is also a natural gas

And I'm almost certain that they are using liquid hydrogen, not hydrogen fuel cells (judging by the time it takes to refill one truck, i.e. 15 minutes). As I get it, no fuel cells could possibly provide this range of operation for a semi-truck with six powerful electric motors. Hydrogen is the best fuel available out there which could be burned...

So we can just sit and wait till one of these hydrogen stations spectacularly blows up in flames

Hydrogen doesnt exist as a natural gas

Does it exist as an unnatural gas? 90% of the whole Universe consists of it. If something is to be called natural, hydrogen unreservedly is at the top

yes no doubt that the availability of crude oil is continuously decreasing and not doubt that a time is coming when there will be no oil in this world therefore the replacement of oil is necessary, but i think already in the backward countries there is shortage of electricity, they how can they replace electricity for oil. it will was a big problem for them.

People are talking about peak oil since early 1970s if not earlier

But oil is still sticking around, and it doesn't seem like the availability of it is continuously decreasing if we look at the price of crude oil. Really, if it has been less and less available, then why do we have average prices for the last year almost 3 times lower than they were a few years ago? If there is shortage in something, its price usually surges, right? On the other hand, consumption of crude oil is also gradually increasing (though not as fast as before), so you can't say either that the prices are low because no one is any longer interested in it. How come?

[buwaytress]

Hydrogen is also a natural gas

And I'm almost certain that they are using liquid hydrogen, not hydrogen fuel cells (judging by the time it takes to refill one truck, i.e. 15 minutes). As I get it, no fuel cells could possibly provide this range of operation for a semi-truck with six powerful electric motors. Hydrogen is the best fuel available out there which could be burned...

So we can just sit and wait till one of these hydrogen stations spectacularly blows up in flames

Hydrogen doesnt exist as a natural gas

Does it exist as an unnatural gas? 90% of the whole Universe consists of it. If something is to be called natural, hydrogen unreservedly is at the top

yes no doubt that the availability of crude oil is continuously decreasing and not doubt that a time is coming when there will be no oil in this world therefore the replacement of oil is necessary, but i think already in the backward countries there is shortage of electricity, they how can they replace electricity for oil. it will was a big problem for them.

People are talking about peak oil since early 1970s if not earlier

But oil is still sticking around, and it doesn't seem like the availability of it is continuously decreasing if we look at the price of crude oil. Really, if it has been less and less available, then why do we have average prices for the last year almost 3 times lower than they were a few years ago? If there is shortage in something, its price usually surges, right? On the other hand, consumption of crude oil is also gradually increasing (though not as fast as before), so you can't say either that the prices are low because no one is any longer interested in it. How come?

Some reasons that the price isn't peaking as expected:

1. While availability is decreasing, current supply is outstripping demand (output has not decreased as oil producers did not want to give in to price) so stockpiles are growing.
2. The prices of 3 years ago were inflated and due for huge correction. It's a traditional pattern.
3. Alternative energy is cropping up. There are already some evidence that oil will no longer be used by some developed countries in future.

P.S. Sorry deisik for the code mistake in earlier post. Appreciate your fixing of it =)

[iamTom123]

Oil can rising next year but it may not be skyrocketing. Producing countries are now struggling to pump up the price on the global market and they may succeed a little but it would not be dramatic unless something will happen that can shake the foundations of the global economy. 

[deisik]

People are talking about peak oil since early 1970s if not earlier

But oil is still sticking around, and it doesn't seem like the availability of it is continuously decreasing if we look at the price of crude oil. Really, if it has been less and less available, then why do we have average prices for the last year almost 3 times lower than they were a few years ago? If there is shortage in something, its price usually surges, right? On the other hand, consumption of crude oil is also gradually increasing (though not as fast as before), so you can't say either that the prices are low because no one is any longer interested in it. How come?

Some reasons that the price isn't peaking as expected:

1. While availability is decreasing, current supply is outstripping demand (output has not decreased as oil producers did not want to give in to price) so stockpiles are growing.
2. The prices of 3 years ago were inflated and due for huge correction. It's a traditional pattern.
3. Alternative energy is cropping up. There are already some evidence that oil will no longer be used by some developed countries in future.

The question is not about why the price of crude oil isn't peaking as expected, while it doesn't even grow let alone peaking, and it is not clear according to whom it is expected to be peaking, either. The question is essentially about oil running dry, but since the consumption is still growing (though slowly) and as you say yourself current supply is outstripping demand (which also grows just because consumption directly determines it), this should necessarily imply that the availability of crude oil cannot possibly be decreasing by any means...

I fixed the formatting for you, and I hope you will fix it in your post too

[buwaytress]

People are talking about peak oil since early 1970s if not earlier

But oil is still sticking around, and it doesn't seem like the availability of it is continuously decreasing if we look at the price of crude oil. Really, if it has been less and less available, then why do we have average prices for the last year almost 3 times lower than they were a few years ago? If there is shortage in something, its price usually surges, right? On the other hand, consumption of crude oil is also gradually increasing (though not as fast as before), so you can't say either that the prices are low because no one is any longer interested in it. How come?

Some reasons that the price isn't peaking as expected:

1. While availability is decreasing, current supply is outstripping demand (output has not decreased as oil producers did not want to give in to price) so stockpiles are growing.
2. The prices of 3 years ago were inflated and due for huge correction. It's a traditional pattern.
3. Alternative energy is cropping up. There are already some evidence that oil will no longer be used by some developed countries in future.

The question is not about why the price of crude oil isn't peaking as expected, while it doesn't even grow let alone peaking, and it is not clear according to whom it is expected to be peaking, either. The question is essentially about oil running dry, but since the consumption is still growing (though slowly) and as you say yourself current supply is outstripping demand (which also grows just because consumption directly determines demand), this necessarily implies that the availability of crude oil cannot possibly be decreasing by any means...

I fixed the formatting for you, and I hope you will fix it in your post too

Thanks for fixing the formatting... I unwittingly left out some lines I think!

One explanation is that price is really determined by those willing to buy it, and less and less the cartels like OPEC.

1. Now if consumers know for a fact that stockpiles are growing, they can just keep putting quotes for the low prices that can guarantee these stockpiles ship out.
2. Oil has to be cheap to compete with alternative energy... biofuel is increasingly getting cheaper, while oil exploration is increasingly costlier. Oil price has to be attractive to buyers who have growing list of alternative options now.
3. Scarcity plays a factor but only if the commodity retains value. Bitcoin, for example, has a max limit of coins and potentially when all have been mined, each satoshi becomes pricier. But if, and only if, people continue to value bitcoin. Theoretically if DOGE is a better (and limitless) alternative, for example, then bitcoin is not worth its price. In the case of oil, it can no longer be the commodity it once was. It is still highly valuable to developing economies but it is not unforeseeable that in 50 years, the developed world will no longer need oil. Today, already, some economies are planning to completely wean off oil dependency.

This isn't to say oil cannot again hit 100$. It's still fast to produce and there is ready tech to use it quickly and on massive scales. The pattern of history shows that oil must peak again, just not now.

[deisik]

The question is not about why the price of crude oil isn't peaking as expected, while it doesn't even grow let alone peaking, and it is not clear according to whom it is expected to be peaking, either. The question is essentially about oil running dry, but since the consumption is still growing (though slowly) and as you say yourself current supply is outstripping demand (which also grows just because consumption directly determines demand), this necessarily implies that the availability of crude oil cannot possibly be decreasing by any means...

I fixed the formatting for you, and I hope you will fix it in your post too

Thanks for fixing the formatting... I unwittingly left out some lines I think!

One explanation is that price is really determined by those willing to buy it, and less and less the cartels like OPEC.

1. Now if consumers know for a fact that stockpiles are growing, they can just keep putting quotes for the low prices that can guarantee these stockpiles ship out.
2. Oil has to be cheap to compete with alternative energy... biofuel is increasingly getting cheaper, while oil exploration is increasingly costlier. Oil price has to be attractive to buyers who have growing list of alternative options now.
3. Scarcity plays a factor but only if the commodity retains value. Bitcoin, for example, has a max limit of coins and potentially when all have been mined, each satoshi becomes pricier. But if, and only if, people continue to value bitcoin. Theoretically if DOGE is a better (and limitless) alternative, for example, then bitcoin is not worth its price. In the case of oil, it can no longer be the commodity it once was. It is still highly valuable to developing economies but it is not unforeseeable that in 50 years, the developed world will no longer need oil. Today, already, some economies are planning to completely wean off oil dependency.

This isn't to say oil cannot again hit 100$. It's still fast to produce and there is ready tech to use it quickly and on massive scales. The pattern of history shows that oil must peak again, just not now.

So you are essentially claiming that the price of crude oil is determined by the buyers, i.e. it is a buyers market on the whole, right? But this just means that there is a lot of supply which is in direct contradiction with the claim that the availability of oil is decreasing. In fact, how on Earth it can be decreasing if its supply outstrips demand? Personally, I would rather consider this fact as an evidence that oil becomes more available, and since it is more available while demand for it is increasing as well, we can't claim either that this increase in availability is only relative, not absolute...

What do I miss in my considerations?

[criptix]

Hydrogen is also a natural gas

And I'm almost certain that they are using liquid hydrogen, not hydrogen fuel cells (judging by the time it takes to refill one truck, i.e. 15 minutes). As I get it, no fuel cells could possibly provide this range of operation for a semi-truck with six powerful electric motors. Hydrogen is the best fuel available out there which could be burned...

So we can just sit and wait till one of these hydrogen stations spectacularly blows up in flames

Hydrogen doesnt exist as a natural gas

Does it exist as an unnatural gas? 90% of the whole Universe consists of it. If something is to be called natural, hydrogen unreservedly is at the top

yes no doubt that the availability of crude oil is continuously decreasing and not doubt that a time is coming when there will be no oil in this world therefore the replacement of oil is necessary, but i think already in the backward countries there is shortage of electricity, they how can they replace electricity for oil. it will was a big problem for them.

People are talking about peak oil since early 1970s if not earlier

But oil is still sticking around, and it doesn't seem like the availability of it is continuously decreasing if we look at the price of crude oil. Really, if it has been less and less available, then why do we have average prices for the last year almost 3 times lower than they were a few years ago? If there is shortage in something, its price usually surges, right? On the other hand, consumption of crude oil is also gradually increasing (though not as fast as before), so you can't say either that the prices are low because no one is any longer interested in it. How come?

Just show us a place where you can win natural hydrogen gas lol

Deisik you are just stupid stop telling bs.

Or are you talking about mankind driving to the next proto planetary nebula?