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Author Topic: Oil Prices Slump to 11-Year Lows in Asia and Europe  (Read 4105 times)
Pab
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January 23, 2016, 01:55:02 AM
 #41

I think oil will rebound a little,but oil will loose  his mportance with  time
it is the end of some period in human history,everything has his end and new  begining

 
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January 23, 2016, 03:13:17 AM
 #42

My only real fear (besides the usual economic indicator crap) is that it halts the progress of alternative energies. I for one am excited for electrics to take over anything that runs on gas or diesel fuel.

If this means that there will be a bigger move to electric then this is good IMO. Too many technologies powered by electricity have come and gone with no support and some downright killed. Maybe this is a changing of the times. 

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January 23, 2016, 04:36:55 AM
 #43

This whole oil thing is becoming a huge crisis. I still don't even understand why the price of oil is this low. Anyone care to explain?
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January 25, 2016, 11:20:40 AM
 #44

This whole oil thing is becoming a huge crisis. I still don't even understand why the price of oil is this low. Anyone care to explain?

It is supply and demand. There were over invertments in the last few years, too much oil is being produced. So the price drops.

Never invest more than you can afford to loose.
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January 26, 2016, 02:29:16 AM
 #45

You cannot keep 100x profit margins for long, be lucky if you can produce a 1.5x profit margin these days. This was just a market correction that they had it coming for almost a century.

Free market is about free price discovery, not about rigging the oil market via the oil cartel, nor about printed money pumping up the prices.

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January 26, 2016, 01:15:05 PM
 #46

You cannot keep 100x profit margins for long, be lucky if you can produce a 1.5x profit margin these days. This was just a market correction that they had it coming for almost a century.

The profit margins are insanely high for some of the producers (such as Saudi Arabia, Russia, Iraq and Iran). For this group, the cost of production is around $10 to $15 per barrel. Anything above that is profit. But for the high-cost producers such as Venezuela, Brazil, Norway and the United Kingdom, the cost of production ranges from $25 to $60 per barrel. So right now many of them are producing crude at a net loss.

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January 26, 2016, 04:00:52 PM
 #47

While it slumps to 11 year lows in Asia and Europe, the prices of both Petrol and Diesel has increased by 20% in the Middle East due to the Saudi Arabia and Iran crisis. It's increased after such a long time, and it's kind of scary seeing the oil prices increase in oil rich countries. Along with this they've also decided to impose VAT and other taxes on the expatriates.
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January 26, 2016, 04:20:49 PM
 #48

Well it still not a good news for my country. Although Oil's price has decreased, my local oil company ( pertamina ) doesn't want to decrease our fuel price because they still want to cover their loss before Oil's value changed.
But still we hope that our goverment decrease as soon as possible because life got tough but we won't tougher

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January 26, 2016, 05:08:12 PM
 #49

I think oil will rebound a little,but oil will loose  his mportance with  time
it is the end of some period in human history,everything has his end and new  begining

I agree that it may be the end of a period in human history.  A bloody oil period that can give way to other technologies that may not start so many wars. Good riddance. 

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January 26, 2016, 05:32:21 PM
 #50

You cannot keep 100x profit margins for long, be lucky if you can produce a 1.5x profit margin these days. This was just a market correction that they had it coming for almost a century.

The profit margins are insanely high for some of the producers (such as Saudi Arabia, Russia, Iraq and Iran). For this group, the cost of production is around $10 to $15 per barrel. Anything above that is profit. But for the high-cost producers such as Venezuela, Brazil, Norway and the United Kingdom, the cost of production ranges from $25 to $60 per barrel. So right now many of them are producing crude at a net loss.

Market equilibrium

Thats one of the most important concepts of economics. The market will find the mean always if left untouched.

Even with the oil cartels you cannot keep the price too high, and the more you interfere in the market, the worse the crash will be.

Demand for oil probably dropped 20 years ago, but the price didnt reflected it due to cheap money.


Folks the normal profit margin is about +50% <> +100% profit margin at best , and I think the price will remain in that range, unless they start printing again.

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January 26, 2016, 08:09:43 PM
 #51

so confused with oil price this year after slide down, today price slide up a little but other fiat currency is coming strong is different like before after oil price down other fiat currency is coming down like US dollar,euro,yuan,Etc.
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January 31, 2016, 07:40:58 PM
 #52

While it slumps to 11 year lows in Asia and Europe, the prices of both Petrol and Diesel has increased by 20% in the Middle East due to the Saudi Arabia and Iran crisis. It's increased after such a long time, and it's kind of scary seeing the oil prices increase in oil rich countries. Along with this they've also decided to impose VAT and other taxes on the expatriates.

If these expatriates can be paid with bitcoin, they can avoid those taxes. So bitcoin could be popular choice there.
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January 31, 2016, 08:19:57 PM
 #53

i think that it might be a huge investment possibility right now because of that though im afraid that it might drop even more
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January 31, 2016, 08:49:53 PM
 #54

thats sad, though i think it might be a good opportunity to buy it
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February 01, 2016, 05:29:16 AM
 #55

i think that it might be a huge investment possibility right now because of that though im afraid that it might drop even more

This price falling oil gets continued, just due to the surplus availability of oil from the oil wealth countries.
The oil market is with huge stock than the demand so coming days does't hope for increase in price of oil
It can be a investment time for alternative technology




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February 01, 2016, 06:07:34 AM
 #56

The market correction is happening but I am optimistic enough to ponder entry into some oil stocks.
China may be recorrecting but the market has taken enough of a hit that it has some bounce from this range once the supply glut is eaten, remembering 2008 a supply glut can very quickly become a demand glut once enough production is impacted.

Right now its a time for consolidations and the ones that emerge will be the key players for the next oil rally, a structrual change to oil is still unlikely the efficiency we see in alternate energies is still not there and coal is still dirtier so LNG and Nat gas still remain the options for clean energy of the near future.

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February 10, 2016, 02:48:34 PM
 #57

The market correction is happening but I am optimistic enough to ponder entry into some oil stocks.
China may be recorrecting but the market has taken enough of a hit that it has some bounce from this range once the supply glut is eaten, remembering 2008 a supply glut can very quickly become a demand glut once enough production is impacted.

Right now its a time for consolidations and the ones that emerge will be the key players for the next oil rally, a structrual change to oil is still unlikely the efficiency we see in alternate energies is still not there and coal is still dirtier so LNG and Nat gas still remain the options for clean energy of the near future.

It might take a year for the market to consume all the surplus oil. Saudi will keep pumping oil until it kills Iran.

Never invest more than you can afford to loose.
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February 10, 2016, 05:53:56 PM
 #58

I read recently that the oil price could go as low as $16 a barrel, at that price i am sure alot of companies would go under and governments would be on the brink
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February 10, 2016, 06:49:25 PM
 #59

The market correction is happening but I am optimistic enough to ponder entry into some oil stocks.
China may be recorrecting but the market has taken enough of a hit that it has some bounce from this range once the supply glut is eaten, remembering 2008 a supply glut can very quickly become a demand glut once enough production is impacted.

Right now its a time for consolidations and the ones that emerge will be the key players for the next oil rally, a structrual change to oil is still unlikely the efficiency we see in alternate energies is still not there and coal is still dirtier so LNG and Nat gas still remain the options for clean energy of the near future.

It might take a year for the market to consume all the surplus oil. Saudi will keep pumping oil until it kills Iran.
Iran is not a big threat to them, IMO saudis are pumping more and more to kill the fracking industry (which gave the Oil production in US a big boost) and to bother Russia which is more and more present in their region.
Saudis can only count on Oil to survive, so they are under a lot of pressure right now (just look at their government finances).
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February 11, 2016, 08:10:03 AM
 #60

I read recently that the oil price could go as low as $16 a barrel, at that price i am sure alot of companies would go under and governments would be on the brink

When the price go below $16 and stay there over 6 months, many countries will go under, not just many companies. Many banks will also be in trouble.
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