What You Should Know About What's Happening in Iraq Right Now

there will be no war...they are just making a mountain out of a molehill...few attacked oil field, come on, they are just like pirates attacking the vessels in our malacca straits. but i was disappointed that yellen said that fed wants tokeep rate low, dovish sentiment...:kma:
 
there will be no war...they are just making a mountain out of a molehill...few attacked oil field, come on, they are just like pirates attacking the vessels in our malacca straits. but i was disappointed that yellen said that fed wants tokeep rate low, dovish sentiment...:kma:

so US spent 10 years fighting a bunch of pirates of the carribean?
 
US will gain if oil price does go up, US will be a major oil and gas exporter with the amount of reserve they have.

Oil reserves in the United States - Wikipedia, the free encyclopedia
Proven oil reserves in the United States were 26.5 billion barrels (4.21×109 m3) as of 2011, excluding the Strategic Petroleum Reserve. The 2011 data represent a 39% increase in proved reserves since 2008.[1] The Energy Information Administration estimates US undiscovered technically recoverable oil resources to be an additional 198 billion barrels

http://www.eia.gov/countries/regions-topics.cfm?fips=SCS

As the USGS assessment did not examine the entire area, undiscovered resources could be greater. In November 2012, the Chinese National Offshore Oil Company (CNOOC) estimated the area holds around 125 billion barrels of oil and 500 trillion cubic feet of natural gas in undiscovered resources, although independent studies have not confirmed this figure.

East China Sea U.S. Energy Information Administration (EIA)
www.eia.gov/countries/regions-topics.cfm?fips=ECS Cached
The EIA estimates that the East China Sea has between 60 and 100 million barrels of oil (mmbbl) in proven ... their reserve figures. Only the ... East China Sea gas
ISIS was train by the US, US has been creating wars all over ME just to disrupt future oil and gas price, it is not really about dictators.
The pivot to SEA, there wasn't much of a problem till US announce they are going to contain China and all of a sudden you have lot of tension within SCS and ECS.
 
Oil companies run by Jewish want to keep oil prices high, so have to keep creating news of oil disruption to keep prices high.

Oil supply is infinite as many countries actually have oil below. Its supply is manipulated.
Agree with chuckyworld, US has lots of oil. It didn't explore till now as it wanted to deplete oil in other countries first and when prices were low.
 
same for china, they deplete the coal from australia and indonesia, they themselves produce the most coal,

buy energy companies...:p

Oil companies run by Jewish want to keep oil prices high, so have to keep creating news of oil disruption to keep prices high.

Oil supply is infinite as many countries actually have oil below. Its supply is manipulated.
Agree with chuckyworld, US has lots of oil. It didn't explore till now as it wanted to deplete oil in other countries first and when prices were low.
 
same for china, they deplete the coal from australia and indonesia, they themselves produce the most coal,

buy energy companies...:p

Krafty, sidetrack, congrats on holland making it to round of 16!
 
Oil companies run by Jewish want to keep oil prices high, so have to keep creating news of oil disruption to keep prices high.

Oil supply is infinite as many countries actually have oil below. Its supply is manipulated.
Agree with chuckyworld, US has lots of oil. It didn't explore till now as it wanted to deplete oil in other countries first and when prices were low.

If oil prices crash below 80, Canada's state welfare system will collapse.
 
Please show stat, that the welfare system will collapse, in the 80's oil boom was over in Alberta, did not see collapse of the welfare system.

http://en.wikipedia.org/wiki/1980s_oil_glut

Here history of oil price
http://www.wtrg.com/prices.htm

In the late 80s, my good friend Ambrose Miranda, decided to leave Canada with me because Canada would be bankrupted within a generation if commodity/resource prices kept dropping. Even Gold dived during this period. If oil prices is <US$80, canada would be like greece.

Ambrose is an economist, and he can give you all the stats to explain that we were so troubled over Canada's top-notch state welfare system when the oil prices collapsed. paiseh mi not good in writing economic essays like ambrose.
 
In the late 80s, my good friend Ambrose Miranda, decided to leave Canada with me because Canada would be bankrupted within a generation if commodity/resource prices kept dropping. Even Gold dived during this period. If oil prices is <US$80, canada would be like greece.

Ambrose is an economist, and he can give you all the stats to explain that we were so troubled over Canada's top-notch state welfare system when the oil prices collapsed. paiseh mi not good in writing economic essays like ambrose.

That doesn't explain how the welfare system will collapse, just because Ambrose leave mean Canada will collapse?
The burst in Alberta oil sector 80's, did Canada welfare system collapse?, just don't pull something out of the air without stat back up, show you oil price up and down history, in the 80's did the welfare system collapse NO it did not.

Commodities has up and down, oil is not the only commodities Canada have.
 
That doesn't explain how the welfare system will collapse, just because Ambrose leave mean Canada will collapse?
The burst in Alberta oil sector 80's, did Canada welfare system collapse?, just don't pull something out of the air without stat back up, show you oil price up and down history, in the 80's did the welfare system collapse NO it did not.

Commodities has up and down, oil is not the only commodities Canada have.

Don't angry leh. He really my friend, he very humorous and chatty too. I really pinpoint someone who knows canada so well to explain things clearly if you are interested to know more. He was president of Canadian Alumni Singapore.

PS: Ambrose is the best local economist for your questions. But if you sound so angry when you discuss economic questions with him, he would ask you to find out yourself.
 
What is there to be angry about, just a discussion.

No one can predict accurately 100%, an economist just try to predict as close as possible but not all the time what they predict will be correct.

Canada is not perfect , but we do make the most of it.

Sorry I have no idea who he is, thanks for the reply, you have a good day.....:)
 
i made a mistake...gold shot up yesterday nite, i incurred losses...i thought that the situation in iraq was not serious, apparently, i was too rash, my gold position shorted last 2 weeks ago until i close this morning when i woke up. losses incur 2k...:(
 
i made a mistake...gold shot up yesterday nite, i incurred losses...i thought that the situation in iraq was not serious, apparently, i was too rash, my gold position shorted last 2 weeks ago until i close this morning when i woke up. losses incur 2k...:(

Don't worry dear leader, you made more from World Cup so far. Cannot be 100% profitable trades, overall profitable ok liao.
 
Back
Top