Long term OIL

[jaysabi]

Oil seems to be inching higher, with US crude supplies declining on a continuous basis.
US supplies seem to be the marginal supplies which move the markets.

http://www.marketwatch.com/story/oil-prices-rebound-ahead-of-us-supply-data-2017-08-22

Since the US is the only market with dependable and transparent numbers on supply and production, it's generally that the larger global oil market moves in conjunction with the most reliable data available, and since the US is reporting down numbers and releasing oil from the strategic reserve due to disruptions by Hurricane Harvey, that's likely why you're seeing oil prices up now.

[Turiettly]

It truly is far better not to choose oil as prolonged expression investment decision.Now, there are many new power source created to substitute oil.I know the use of oil as power fuel is nonetheless substantial. But one particular working day, I'm confident we are going to substitute oil with other resource, since oil is finite in earth.

[jaysabi]

It truly is far better not to choose oil as prolonged expression investment decision.Now, there are many new power source created to substitute oil.I know the use of oil as power fuel is nonetheless substantial. But one particular working day, I'm confident we are going to substitute oil with other resource, since oil is finite in earth.

We won't know we've hit peak oil until after the fact, when the downward trend is clearly established and no foreseeable future events could spike oil consumption back past peak usage. We're probably pretty close in that I would expect us to hit peak oil within 10 years though.

It's interesting to note that when the idea of peak oil was first introduced, the author who created the concept predicted peak oil, based on the history of oil production, would be reached in the year 2000 at 12.5 billion barrels per year. In 2016, world production was 35.4 billion barrels, with slight yearly increases continuing to be projected for the time being: 35.9 billion in 2017, 36.5 billion in 2018.

[deisik]

It truly is far better not to choose oil as prolonged expression investment decision.Now, there are many new power source created to substitute oil.I know the use of oil as power fuel is nonetheless substantial. But one particular working day, I'm confident we are going to substitute oil with other resource, since oil is finite in earth.

We won't know we've hit peak oil until many years after the fact, when the downward trend is clearly established and no foreseeable future events could spike oil consumption back past peak usage. I don't think we're likely at peak oil yet, but we're probably pretty close in that I would expect us to hit peak oil within 10 years.

It's interesting to note that when the idea of peak oil was first introduced, the author who created the concept predicted peak oil, based on the history of oil production, would be reached in the year 2000 at 12.5 billion barrels per year. In 2016, world production was 35.4 billion barrels, with slight yearly increases continuing to be projected for the time being: 35.9 billion in 2017, 36.5 billion in 2018.

In fact, we may never hit peak oil at all

At least, not in the sense the original authors meant it. As far as I remember, they claimed peak oil to come about primarily due to depletion of oil reserves. But we shouldn't forget that the Stone Age didn't end for the lack of stones, and thus the Oil Age might not end because there is more oil around. It could well be the case that we may reach "peak oil" sooner thanks to technological advances rather than due to exhaustion of oil reserves and resources. In that case, we will be able to see and check that moment almost immediately after it happens (or even before)

[guy_wonderful]

Nice LONG trade observed.
Short term, WTI OIL
Current price : 49.37
STOP :            49.18
Target :           50.33 - 50.63
P/F :               5.05 - 7.63

[Mrsmants]

Why oil is continuing to go up, is there any deal created on doha to freeze the production? I think zombies are acquiring once more.

[Hydrogen]

Long term oil might accurately be described as chemical processes which generate gasoline and other hydrocarbon based fuels from waste oil products.

Some might think there's no such thing as "long term oil" as eventually crude oil will reach a where it requires more energy to harvest it from deep wells than the amount of energy the oil itself contains. And the entire process becomes unfeasible. But there are new methods to generate ol byproducts from waste oil. So peak oil may not doom civilization after all!

[phr0stbyt3]

Oil is over man i do agree trump prefers that there are more jobs in mining and oil extraction fields but actually solar energy is expanding at a faster pace. Recently dubai announced a 14 billion $ project for creating the biggest solar panel station just imagine if middle east is supporting solar how is oil a good investment

[deisik]

Oil is over man i do agree trump prefers that there are more jobs in mining and oil extraction fields but actually solar energy is expanding at a faster pace. Recently dubai announced a 14 billion $ project for creating the biggest solar panel station just imagine if middle east is supporting solar how is oil a good investment

So what does it mean exactly?

Does it mean that they are running out of oil? I think that they still have plenty of it, and the primary reason for them investing in solar energy is the demand for electricity to feed the local cities. Solar energy is very limited by the distance it can be transferred at, so it is sort of obvious choice for them (given that they have plenty of sun all year round). And that likely doesn't have anything to do with oil as such (let alone oil running dry) 

[Conevesses1976]

It is far better not to decide on oil as long phrase expense.Now, there are many new strength source created to substitute oil.I know the use of oil as energy gas is nonetheless huge. But 1 working day, I'm sure we'll exchange oil with other useful resource, considering that oil is finite in earth.

[xFiber]

Oil is over man i do agree trump prefers that there are more jobs in mining and oil extraction fields but actually solar energy is expanding at a faster pace. Recently dubai announced a 14 billion $ project for creating the biggest solar panel station just imagine if middle east is supporting solar how is oil a good investment

I agree with you man. I hope solar energy will start to take over in the next decade. Fossil resources like oil take centuries to reform and we're steadily running out of it. I hope to buy an electric Tesla car to support the transition to green energy. I don't know how long you're going on oil but I don't see it being used in the next 20-30 years.

[Lomperd1]

I think that is very logical because we need bitcoin and invest in it and after a long time we have money out of it that is actually how it all works because we always make profit out of it and that is what we all want dont we?

[Mehedi72]

Glad, to see that when people are busy to investment with bitcoin, someone have interested to investing on Oil for makes good profit.  Its a Very good decision to investment with oil for long term because if all people use to investment with bitcoin then who will gonna investment with oil!!  Hope price of oil will pump enough  in future for good profit.  Good luck with oil.. 

[Francer]

Why oil is continuing to go up, is there any offer manufactured on doha to freeze the creation? I believe zombies are purchasing yet again.

[STT]

I agree with you man. I hope solar energy will start to take over in the next decade. Fossil resources like oil take centuries to reform and we're steadily running out of it. I hope to buy an electric Tesla car to support the transition to green energy. I don't know how long you're going on oil but I don't see it being used in the next 20-30 years.

Solar energy has advanced but its still not as cheap as the most easily gained oil production.    The reason oil will still be used in 50 years is similar to how coal is still being used over a century after the peak of the steam power and industrial revolution.  Obviously we do have far more efficient methods of energy production but it still does not completely replace that resource.
Same could be said of nuclear power, its the cheapest energy of all in theory but its very large with tail end risks to its use.  All of these various energy sources has its positives and negatives so they will all exist to some extent still I think.

Oil price rising is not that surprising with the rising tension between two or three nuclear nations.  China has said they will defend PRK if attacked which at least to some extent is a big enough threat to put paid to oil shorts I think.   As well as that some production in Nigeria is offline apparently,   Im not sure on the consumption side but I presume world growth is rising in demand still

[adam1230]

In 20-30 years Oil prices will continue to fall. There are too many regulation on electrical car supports. And Green energy.
Most of Europe countries start to ban diesel cars in short term (5 - 10 years). And this will continue all around the world.
For myself i support green energy too

[flippener]

Absolutely - oil is dying, the industry just doesn't want to admit it yet. Coal has peaked, oil is next as we all go over to electric cars.

[guy_wonderful]

nice through.  just support you and your opinion,  whatever you doing is right. But besides investment in bitcoin ethereum waves and hold tight is also for profitable...

Thanks you.
If to compare bitcoin and oil then oil has typically more trades in a period. but bitcoin long is nice to hold in short periods of mid term trades.

[jaysabi]

It truly is far better not to choose oil as prolonged expression investment decision.Now, there are many new power source created to substitute oil.I know the use of oil as power fuel is nonetheless substantial. But one particular working day, I'm confident we are going to substitute oil with other resource, since oil is finite in earth.

We won't know we've hit peak oil until many years after the fact, when the downward trend is clearly established and no foreseeable future events could spike oil consumption back past peak usage. I don't think we're likely at peak oil yet, but we're probably pretty close in that I would expect us to hit peak oil within 10 years.

It's interesting to note that when the idea of peak oil was first introduced, the author who created the concept predicted peak oil, based on the history of oil production, would be reached in the year 2000 at 12.5 billion barrels per year. In 2016, world production was 35.4 billion barrels, with slight yearly increases continuing to be projected for the time being: 35.9 billion in 2017, 36.5 billion in 2018.

In fact, we may never hit peak oil at all

At least, not in the sense the original authors meant it. As far as I remember, they claimed peak oil to come about primarily due to depletion of oil reserves. But we shouldn't forget that the Stone Age didn't end for the lack of stones, and thus the Oil Age might not end because there is more oil around. It could well be the case that we may reach "peak oil" sooner thanks to technological advances rather than due to exhaustion of oil reserves and resources. In that case, we will be able to see and check that moment almost immediately after it happens (or even before)

Peak oil is a given, it will eventually be achieved. At this point, I agree that peak oil is achieved because of technological innovation, not because of supply exhaustion. While the original authors might have envisioned peak oil being achieved through the latter, I don't think it ultimately matters. Peak oil is peak oil, no matter the cause. We would be able to see or project a drop in oil consumption or production (two different peak oils there) quickly, however it would still likely take years to know definitively that we passed peak oil for both consumption and production as they drop to the point where temporary fluctuations would be unable to push either past the old peak. That's why I said we won't know until years after the fact (with certainty, anyway) since it's not something that can turn on a dime. For several years after the first decline, I would suppose we are still within the ability to surge back past the old peak without vast new improvements to infrastructure. It reckon it would take several years of scaling down for that not to be the case.

[STT]

The only reason for Peak Oil to occur is we no longer rely on oil that much, exploration costs are no longer justified by the price because demand for energy is met elsewhere.   Such as natural gas fracking if we are talking basic energy but the great developments in electric production , storage and usage efficiency since the 70's

We still have the whole of Iraq to release its reserves, we dont see real active production or proper development because its still in a malaise from the last world war.   Any time they can stop building bombs instead of drilling rigs we'll see another figure to mirror Saudi Arabia.   This is not a picture that paints peak oil, rising prices are most likely from weak currency not the actual commodity