Long term OIL

[STT]

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'm certain oil and engines burning oil derived products will still be around one hundred years similar to now.   My reasoning is that Coal peaked a very long time ago in the steam or industrial age before world war one but to this day we still find a use for it and it is unique.

Coal is actually the most dense (common) form of energy you can transport.  It also burns quite slow and unrefined so it has negatives but also some positives that never went away.  The same will be true of oil which can be transported to remote destinations and can actually be refined to a large extent.   I dont believe it was ever that suitable to be burned within large cities so hopefully this will change in favour of electric perhaps.

Long term Oil wont likely spike in price as predicted by some but it wont decline a massive amount either.   The base line of world population growth means this is unlikely.   However we are seeing a shift to newer technology like solar panels and efficient light batteries, there is still a long way to go and that can easily take decades to occur.   Even in the western richest countries it will be a long time, globally a century is a reasonable estimate for oil to still be in use imo

[criptix]

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'm certain oil and engines burning oil derived products will still be around one hundred years similar to now.   My reasoning is that Coal peaked a very long time ago in the steam or industrial age before world war one but to this day we still find a use for it and it is unique.

Coal is actually the most dense (common) form of energy you can transport.  It also burns quite slow and unrefined so it has negatives but also some positives that never went away.  The same will be true of oil which can be transported to remote destinations and can actually be refined to a large extent.   I dont believe it was ever that suitable to be burned within large cities so hopefully this will change in favour of electric perhaps.

Long term Oil wont likely spike in price as predicted by some but it wont decline a massive amount either.   The base line of world population growth means this is unlikely.   However we are seeing a shift to newer technology like solar panels and efficient light batteries, there is still a long way to go and that can easily take decades to occur.   Even in the western richest countries it will be a long time, globally a century is a reasonable estimate for oil to still be in use imo

Oil was a cheap energy source like coal in the past.
Coal is still one of the main energy supply of a lot of nations - the cost is low because environmental and health problems are not visible in the beginning.

Oil is much more widely used as just an energy supply - it is used to make plastics.
It seems that most easy oil sources are getting depleted in the midterm.

[CryptoKyddie]

One day oil will run out. At the moment it works on a cicular basis: up down with the economy. Its a quality investment and more predictable than crypto. Im thinking have you invested in renewables: solar, water etc?

[bristlefront]

Both oil and gold are non renewable resources. I speculate that oil will increase price because it will be in-demand in the future since there are only few source of oil left like gold.

[sumangs]

Oil can increase in demand in the future like gold which is also a limited resources. They most likely increase in price because in the future they are near depletion.

[guy_wonderful]

MY FUND OPENS IT'S DOORS
CHECK IT COMMENT IT INVEST IT
https://bitcointalk.org/index.php?topic=2529903

[lestariptr]

For the long term, Faisyal estimates, oil prices will not be far from the current position. As OPEC demand and policy levels are able to keep oil steady. "The Arabs say the world supply of the oil market is almost balanced, so this is pretty good," Faisyal added. For that, Fasiyal predicts, tomorrow (12/10), oil price is still in the strengthening trend in the range of US $ 50.30-US $ 52.30 per barrel and US $ 48.30-US $ 54.50 per week.
Oil reserves are expected to fall this week down, could help keep prices, Faisyal concluded.

[Esiunin]

The cost of the reference Brent oil grade in 2018 will fluctuate in the range of 45-55 dollars per barrel.
Previously, Novak predicted that the cost of oil in 2017 will fluctuate at a level of 50-60 dollars per barrel. Stabilization of prices in the region of $ 50-55 per barrel has a positive effect on the fuel and energy sector and allows for long-term investment.

[Emem29]

How does one invest in oil?

You buy futures contracts.

I think. Oil is over. The supply never stop getting bigger, they always discover new places for new and more supply for oil, this is not even the problem, the thing is, more efficient sources of energy will deprecate this asset. You can compare bitcoin with oil because america wants it so badly and also it is something that grew so fast like oil.

[donnie.darko]

there is a fierce competition ongoing between Saudi Arabia and Russia for the market share. The Saudis tried to hijack the acquisition of Essar Oil by Rosneft, by offering a better deal.

[djangocoin]

While there is an abundance of oil out there and we are able to go deeper and find more deposits i think the time of oil is nearing its end. The world seems to be going renewable/green and coupled with the oil crash i don't see oil going up a whole lot (certainly not back to it's overinflated ath).

[bitcoinisbest]

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.

Oil is obviously produced in few countries and are exported to other countries. If this countries stop exporting or create monopoly it may be a problem while with bitcoin it is not the case as its widespread among different geographical areas and can be bought and sold within minutes and not like oil.

So if considered as an investment cypto currencies will be a huge gainer than compared to oil.

[geopolisch]

there is a fierce competition ongoing between Saudi Arabia and Russia for the market share. The Saudis tried to hijack the acquisition of Essar Oil by Rosneft, by offering a better deal.

I think from last 5 years oil prices are going to be down and down still there is no hope to for the rise in the prices of oil. That’s why people now withdrawing their money from oil sector and they are investing in bit coin. Oil prices are down because of some reasons I think the innovation of electric cars also reduced the demand of oil and after the innovation shill gas and hybrid technology they also effect in the prices of oil may that’s why its prices gone down. Oil prices are no more stable. 

[mstfprcn]

The US joining OPEC is counter to its foreign policy objectives in the Middle East, and would require a large degree of centralized planning in the oil market domestically. Those are just two of the simplest reasons the US will never join OPEC.

[yohaneshs]

Oil prices fell today, with Brent falling back below 70 USD per barrel and now it's touch support area in 68 USD at 22 march and january. crude oil price traded with strong negativity yesterday to settle near the key support 64.20, as the price keeps its stability above it until now.
Same like oil, crypto is bearish yesterday and try to bullish today.

[Dimid]

Bidding in the US ended in a fall and the technical picture became completely contradictory - a double bottom can be transformed into the disclosure of the falling flag and then we are waiting for another 5-6% drop in the S&P 500 index. In Asia there is also a decline that continues in Russia. The trade war breaks up into the fronts of bilateral negotiations, but expectations of increasing pressure on Russia and Iran by the US are becoming increasingly intrusive.

[Dimid]

The Ministry of Energy of the United States published data according to which the country's oil reserves for the week ended March 23 increased by 1.6 million barrels. After the release of the data, the oil accelerated the decline.

[obadia]

Market has to stay between 30 usd to 90 usd (30 usd is the cost of taking it and shipping it at the lowest ranges, 90 USD is the price a which most Canadian, shitty Siberian and off-shore platforms start producing again). Any time you go near to one of these values it is a fair bet you ll make some money.

[scrototeabaggins]

in fact the oil price is increasing from time to time. and the reason is the scarcity of oli. the natural resources of oil are now decreasing from time to time and that is the reason the price of natural resource is increasing.

[guy_wonderful]

Short term (1-2 years) I wouldn't want to invest in oil, no matter how "low" the price may look. Don't forget that Iran is pumping real hard to spoil the market with oil, and I'm sure that won't stop the comming years. The market currently is flooded with oil, and thus the demand/price might tank even further.

OP could you explain why?

I assumed long term demand for oil will slowly drop as the world seeks cleaner forms of energy.

w. a. r.

that's why