Long term OIL

[guy_wonderful]

[botany]

Looks like the oil glut brought about by US shale oil is finally coming to an end. A combination of factors, including OPEC production cuts, disruption in Venezuela have contributed to the same.

https://www.bloomberg.com/news/articles/2018-04-13/opec-near-mission-accomplished-as-oil-glut-vanishes-iea-says

[criptix]

Looks like the oil glut brought about by US shale oil is finally coming to an end. A combination of factors, including OPEC production cuts, disruption in Venezuela have contributed to the same.

https://www.bloomberg.com/news/articles/2018-04-13/opec-near-mission-accomplished-as-oil-glut-vanishes-iea-says

I dont think so, should price rise more oil rigs will be turned on in the US again.

Production cuts do not really help - except that it profits us shale oil producers.

[guy_wonderful]

There is no war between North Korea and co anymore. North Korea became an opened and democratic country.

The war is over.

SHORT   Knowing that fact I believe that oil will fall by 2to3 bucks today, by evening.

[guy_wonderful]

it's not toooo late jet.

[kusach01]

Oil prices are falling, so investment in oil is not so popular now.  And it really hurts the budget of those countries that live mainly at the expense of oil sales.

[xxxRaidysxxx]

Opec won't reach the agreement with large players, and we will see that the prices will fall up to 25 dollars next year. Look at their track record. Oil will strongly fail.

[Vaniaevergarden]

I think the Saudis can go at this maybe another year before it really causes them issues,there are cracks but nothing they can not fix once oil returns. Their big issue is they are trying to run new players into the ground and the States is one of those players. So they thought they could screw with the States and now in return Iran is getting green light at expense to the Saudis.

[EnricoGomez]

I would say there is not a great future for oil.
Oil is quite hard to find, people may evsn start war for it. Modern technology is developing without concerning the resources for oil as it does have quite a lot of disadvantages and bad effects on the environment which people are starting to put notice into.

[STT]

There is no war between North Korea and co anymore. North Korea became an opened and democratic country.

The war is over.

SHORT   Knowing that fact I believe that oil will fall by 2to3 bucks today, by evening.

Thats just one piece of news and neither country or even the region is a great supply of oil.   The overall context for a rise in oil right now is dollar weakness ongoing, apparent inflation and also the decline of an OPEC member and their oil production has been true for maybe a year now.  Venezuela has maybe the largest proven reserves in the world but problems with efficency and refinement, overall difficulties in even paying the staff of oil production companies means their production has been falling.

Also there is the OPEC cuts ongoing which have a longer term effect on available supply.

[Dimid]

Oil rises in price on Friday as the timing of US participation in the agreement on Iran's nuclear program approaches. Since the beginning of the week, oil prices have also shown growth
In recent weeks, the price of oil has kept close to a record level since the end of 2014 on fears that the US can withdraw from the Joint Comprehensive Plan of Action - the agreement on the Iranian nuclear program concluded in 2015. In this case, the return of restrictions on the export of Iranian oil is likely, which could lead to a fuel shortage on the world market.
According to experts, if sanctions are imposed, Iran will reduce oil supplies by about 500 thousand barrels per day in the current year.
Additional support for the oil market is provided by statements by OPEC and Russia about the intention to continue limiting oil production to reduce world reserves of this fuel.

[gandhe83]

Oil rises in price on Friday as the timing of US participation in the agreement on Iran's nuclear program approaches. Since the beginning of the week, oil prices have also shown growth
In recent weeks, the price of oil has kept close to a record level since the end of 2014 on fears that the US can withdraw from the Joint Comprehensive Plan of Action - the agreement on the Iranian nuclear program concluded in 2015. In this case, the return of restrictions on the export of Iranian oil is likely, which could lead to a fuel shortage on the world market.
According to experts, if sanctions are imposed, Iran will reduce oil supplies by about 500 thousand barrels per day in the current year.
Additional support for the oil market is provided by statements by OPEC and Russia about the intention to continue limiting oil production to reduce world reserves of this fuel.

I think there is no future for oil.
Oil is hard to find people can start the war for it. Modern technology is developing at the same time that involves the resources for oil. However, there are many disadvantages and negative impacts on the environment that directly affect the market as well as all other activities of the country.

[runway]

Long-term investment is only for those who do not have much time. Those who do not know much about crypto investment. people do not have the characteristics of investors. In addition, I found that day-to-day investment was more profitable.

[Hold good]

I do not like long-term investment. This is not very profitable and unsafe. If I have time I will trade day, and if I do not have much time then I will withdraw money because I do not like long term investment.

[Deubila]

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.

So the main purpose of the long term? Are you saying here the price of oil is rising fast, the resource is running out?

[Koadharber]

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.

So the main purpose of the long term? Are you saying here the price of oil is rising fast, the resource is running out?

Just a simple economics subject brother- Law of supply and demand. Its just normal for a certain commodity or resources to tend up to rise its price when the supply becomes scarce.
Talking about oil, it isn't really still on the state where the supply is scarce but rather there are some aspects that sources have been hold up. Just like what happened on Iran or Iraq- not quite sure though in last year when they do already freed out their oil supply which causes for the price decrease of oil in the entire market.

[STT]

The oil itself isnt rare but there is a cost of production and refinement that goes with it as well as cost to transport and supply.  Thats all part of it, plus cost of labour rising to do all those things.  Its partly tied to strength of US dollar and perceptions of future supply.
Presently Venezuela is failing in its production which meant the OPEC cuts were perhaps more effective then had been anticipated, Saudi Arabia did increase back some of its production to compensate but other countries also fail to deliver as much as they could because of ongoing civil war.   As well as that the World does have growth and rising energy requirements so there is always larger demand, its very likely the case that investment is not as high as it should be long term excluding fracking which is a shorter term boost afaik.

[Camorra Dev]

It is very strange to see that topic here on the forum which is dedicated to the cryptocurrency topic, lol. I'm wondering how the old cries would relate to the cryptocurrency and would we be able to buy oil for using our Bitcoins.

[mark 5]

"A few years" might be optimistic. Iran's sanctions have been lifted, so that's a lot of new oil coming on the market. Saudi's are slashing prices to maintain market share, but I don't see any reason to believe this is just a temporary circumstance and not the new normal.

[pro army]

We could say it here this one disaster in 100 years but if you are planning to drive electric cars and to ban oil for good, you'll need a thousands of new nuclear plants all over the world. So probability for disaster will rise rapidly.