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Oil Pricing

F

frenchbriefs

Alfrescian (Inf)
Asset
krafty said:
oil will retain its value and will never cease as the main source of energy. i think you all reading too much science fiction.:biggrin:
Click to expand...

soon we will become a mad max world.a world where mankind and civilisation has degenerated into a bunch of savage warring tribes scattered across a vast desert battling for the last remaining reserves of oil and gasoline in the world.

[video=youtube;UvlIFVgdn1Q]https://www.youtube.com/watch?v=UvlIFVgdn1Q[/video]
 
Alamakinky

Alamakinky

Alfrescian (Inf)
Asset
If I pok kai I will see MP and say I am not sophisticated trader and ask for my money back.


winnipegjets said:
You buy two barrels of oil when it goes to the low thirties, store in your HDB flat (no storage cost incurred). Then sell it when it reaches forties again. You can do that a few times in a year. If you are gung ho enough, then use OPM to increase your bet.

Caveat: If you pok kai, don't come after me.
Click to expand...
 
krafty

krafty

Alfrescian (Inf)
Asset
krafty said:
oh my god...:(


http://www.channelnewsasia.com/news/business/draft-doha-agreement-woul/2703332.html


The freeze would last until Oct. 1 this year, and producers would meet again in October in Russia to review their progress in engineering "a progressive recovery of the oil market", the draft reads.
Click to expand...



fuck the reporters! gave me a scare...:o


http://www.zerohedge.com/news/2016-04-16/draft-doha-oil-freeze-agreement-leaked


To summarize:

Iran will be absent as it wants no part of a production freeze
Saudis have confirmed no production freeze unless Iran also freezes
A gentleman-like agreement to cap production until October (or another 5 months of headline-driven algo stop hunts higher) at what are already record production levels for the top oil producing nations.
No enforcement mechanism.
We fully expect the algos to fall for it again, especially with an early momentum jolt higher courtesy of 1 or 2 central banks.
 
A

Ash007

Alfrescian
Loyal
frenchbriefs said:
not in the short term,but it could be running out soon though,im pretty sure we have past peak oil already.alternative energy is the future.india is taking a step in the right direction building alternative energy farms.
Click to expand...

Nuclear is the way to go. Unless there is a massive production of Thorium reactors, oil would be safe. Most "plastics" including your car tyre is made from oil as well. So its not only an "energy" resource.
 
W

winnipegjets

Alfrescian (Inf)
Asset
Alamakinky said:
If I pok kai I will see MP and say I am not sophisticated trader and ask for my money back.
Click to expand...

Your MP will ask you to join John Tan's team. John Tan is leader of one of the PAP's blackops unit. His most successful operation so far is the savage raping of Amos. John Tan is a pedophile.
 
W

winnipegjets

Alfrescian (Inf)
Asset
krafty said:
Doha Oil Freeze Talks Said Delayed Amid Changes to Draft Accord

http://www.bloomberg.com/news/artic...ks-to-oil-freeze-ultimatum-as-iran-stays-home


i am buying the markets to crash tomorrow if not i will castrate myself!:biggrin:
Click to expand...

Get your knife ready :biggrin:

The oil market is trading based on rumours. Oil went up by 5 percent because of rumours that the oil ministers would arrive at a deal. On Friday, rumours say it won't be done ...down by 4 percent.
I go contrarian to expectation.
 
W

winnipegjets

Alfrescian (Inf)
Asset
krafty said:
fuck the reporters! gave me a scare...:o


http://www.zerohedge.com/news/2016-04-16/draft-doha-oil-freeze-agreement-leaked


To summarize:

Iran will be absent as it wants no part of a production freeze
Saudis have confirmed no production freeze unless Iran also freezes
A gentleman-like agreement to cap production until October (or another 5 months of headline-driven algo stop hunts higher) at what are already record production levels for the top oil producing nations.
No enforcement mechanism.
We fully expect the algos to fall for it again, especially with an early momentum jolt higher courtesy of 1 or 2 central banks.
Click to expand...

Saudis are just happy to cap at current level ...they want to kill the American shale and stop more Canadian oil sands investments.
 
Asterix

Asterix

Alfrescian (Inf)
Asset
I think another sage said the same thing but in a different way ........ like the stock market had predicted ten of the previous five recessions ......... I suppose the same applies to predictions of economic boom .........

[video=youtube;REhg_bv7srM]https://www.youtube.com/watch?v=REhg_bv7srM[/video]
 
krafty

krafty

Alfrescian (Inf)
Asset
what a day! wti crashed in the asian market and ended up higher in the european and us market. i see oil price slipping again today.


but i am not sure if fed will bring in the cards to hike rate in april or june???

Since Dec FOMC Hike, everything is now awesome:

Dow +3.2% (Dow Earnings -3.5%)
Inflation - CPI up from 0.6% YoY to 0.9% YoY, Core CPI up from 2.0% YoY to 2.2% YoY
Unemployment Rate U6 down from 9.9% to 9.8%, U3 5%, Initial Claims down from 285k to 253k
China Stocks +17% in last 2 months
China FX vol -4pts to 7.6% in 2 months


how do you analyse the situation?
 
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