Long term OIL

[nikitano]

Why oil is continuing to go up, is there any deal manufactured on doha to freeze the production? I consider zombies are buying again.

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[guy_wonderful]

WTF 

[doomloop]

Why oil is continuing to go up, is there any deal manufactured on doha to freeze the production? I consider zombies are buying again.

Not really I mean it does not have any concern with the things of the bitcoin because the value and the importance of the bitcoin is increasing more by the high demand and the low bitcoin price, in the present age all the things are getting expensive and the value of the things is increasing more and more so I would like to buy the bitcoin and to become the pat of the bitcoin for the long time it is all about the investors and the value of the things.

[jaysabi]

Solar panels are becoming way more efficient, its very good in remote areas.   In USA I saw an article on production in Nevada which as you know is desert like with alot of sunlight.  So many people started producing energy they were competing with the state owned energy company and so the government has clamped down on this wanton capitalism and is taxing it heavily to try and stop any further usage of sunlight for power.   No warning on the taxes, many have thousands in costs and are unable to recover that against taxable profit as a business would be able to

It's a bit worse than that. Solar City was a big installer and operator in Nevada and was hurt badly by Nevada's policies regarding solar power. The commissioners who are charged with determining fees and such were basically throwing a huge bone to the traditional power generators (not state-owned though, the largest electric utility in the state is actually owned by Warren Buffet's Berkshire) by enacting fees that target people with solar panels. The fees were hefty too, a monthly charge that eliminated all the cost advantages of having solar panels, and in some cases, even more making it worse to use solar power. The worst part is they refused to grandfather in anyone who already had solar panels, so it wasn't just on a go-forward basis. In response to the policy and rule change, Solar City pulled out of the state and laid off all their Nevada workers.

[Hishand]

It is greater not to select oil as extended time period expense.Now, there are many new strength useful resource designed to change oil.I know the use of oil as power fuel is nevertheless substantial. But a single working day, I am sure we are going to exchange oil with other source, considering that oil is finite in earth.

[kirilld]

Why oil is continuing to go up, is there any deal made on doha to freeze the production? I believe zombies are getting again.

[Theb]

Oil being finite is not the problem, as far humans and the next hundred years its infinite.   Its only the cost to discover and extract that would discourage its use, also it could just be less efficient then new forms of electric power.

Nuclear power is already more efficient then oil but many other things are not (vs Saudi oil costs), however oil is not as clean to use at point of burning.   It makes alot more sense to have all electric use in major cities of the world, if anything we are behind in that as a feasible scenario.   
The electric also requires some oil usage for production but the emissions would be outside cities.  There is also an increasing case for use of solar panels, the main reason is always efficiency and solar is now better performance to price.

Long term oil will be replaced but I do not believe it will run out.   Many areas of the world are still not used.

I essentially agree with what you say

As the saying goes, the Stone Age didn't end for the lack of stones, and it is pretty much the same with oil. That said, I can't quite agree with your optimism (if I can call it that) in respect to solar panels. They may become cheap and efficient (on their own) but they are not very useful where most electricity is consumed. I mean the best part of Europe, the US and Canada where there is not enough sunshine to make them a viable solution. So with solar panels we are still inevitably stuck with the issue of efficient power transmission over long distances. You simply can't raise voltage infinitely to diminish the loses due to resistance of the wires, and until there are major breakthroughs in superconductors or similar technologies, solar energy will continue to remain a marginal source of power for most of the industrialized world

Finding new oil is not the problem here. They are actually freezing the production of their oil both Russia and Saudi as what they are calling it an overproduction making the price cheaper and giving us an oversupply of oil making the price to go up again. Another thing that is causing this is the pushing of other renewable energy making oil companies maker there move to make more profit until there is still a working oil powered machines.

[pavelv3]

It really is greater not to select oil as long term investment.Now, there are numerous new strength useful resource designed to replace oil.I know the use of oil as vitality gasoline is nonetheless massive. But one particular working day, I'm certain we'll exchange oil with other resource, considering that oil is finite in earth.

[criptix]

With technolgy from 10 years ago.

Just google Desertec

[CooIbubbIe]

Why essential oil is continuing to go up, is there any deal made on doha to freeze the production? I believe zombies are purchasing again.

[guy_wonderful]

Oil soo wants to go even higher after this growth.
current price is 63.88 ,brent

targets, clearly are, 69-76.

although I cannot see best stops lvl's right now. long term, looks like that we will hit 120 next year. That's would look like a growth for 10 weeks in a row. (10 week bars)

[Darkrulerx]

Yes it is an investment like long term oil i would suggest that people who are investing just keep them keep your oil because when a lot of buyers will come to you that oil will be sold in huge amounts and you will get a lot of it.

[guy_wonderful]

price will go down in the long run once we changeover away from oil

after they make a hyperloop, when air transport will become needless. Sure, there will be a difference. Until then, buy oil.

[mifanmuzny]

In my perspective bitcoin is far more better than oil investment

[criptix]

Oil soo wants to go even higher after this growth.
current price is 63.88 ,brent

targets, clearly are, 69-76.

although I cannot see best stops lvl's right now. long term, looks like that we will hit 120 next year. That's would look like a growth for 10 weeks in a row. (10 week bars)

On what facts do you base your prediction?

For me it seems that oil demand will be stable while supply will increase for 2018.

[Sithara007]

Oil soo wants to go even higher after this growth.
current price is 63.88 ,brent

targets, clearly are, 69-76.

although I cannot see best stops lvl's right now. long term, looks like that we will hit 120 next year. That's would look like a growth for 10 weeks in a row. (10 week bars)

It is not going to go far beyond $60 per barrel. Right now the majority of the shale oil producers in the United States are in profit. They are likely to increase the rig count, and thereby the crude oil output. Once again a crude oil glut will be there in the markets and it will push the prices well below $40 per barrel.

[ask]

I am short on oil from 64 USD and waiting to go under 50 USD in few months. I use leverage so this is a risky trade.
But my stop loss is just near to 70 USD I am sure i will get some profit from this trade.

[bossgucci]

Hahaha yes you can compare bitcoin with oil because america wants it so badly and also it is something that grew so fast like oil the price of it grows so fast there are differences like you can only get oil in the Arabian part and you can get bitcoin everywhere, anywhere and anytime.

[panganib999]

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.

I think we could classify oil as natural resources in which its stock on our earth is quite limited so if people would want to establish a business in relates to oil, petrol or any other natural resources problems may rise in stock and circulation in terms of movement of its availability in the market. If people want to increased or hold its price it can be possible but the problem is people need oil on a short term it means people could not have it as a process because it is needed in electricity, and transportation.

[Canday]

It truly is far better not to select oil as extended expression expense.Now, there are many new power source produced to substitute oil.I know the use of oil as strength gas is still substantial. But one particular day, I'm sure we are going to exchange oil with other source, because oil is finite in earth.