Chitchat all about OPEC and Oil

[krafty]

http://www.bloomberg.com/gadfly/interactives/2016-how-opec-won-the-battle-and-lost-the-war/#slide-1

 

[krafty]

haha...lmfao.


OPEC HASN'T REACHED NEW OIL SUPPLY AGREEMENT: DELEGATE
OPEC AGREES TO APPOINT NIGERIAN CANDIDATE FOR SEC-GEN: DELEGATE
OPEC MEETING ENDS!

As Bloomberg notes, OPEC will stick to its policy of unfettered oil production after members failed to agree on new output ceiling, according to a delegate at mtg in Vienna.

http://www.zerohedge.com/news/2016-06-02/oil-drops-after-opec-fails-reach-oil-freeze-agreement

 

[krafty]

that is it! $50 per barrel max and it will last throughout the year.

 

[frenchbriefs]

No problem if oil drops to $28,can always buy more.it is impossible to go wrong longing oil.time to work harder and save more money.$100 oil is inevitable.

 

[gingerlyn]

More than a year ago, many economists said Russia would go bankrupt with this cheap oil price.
all wrong!!! russia is surviving and getting stronger!

 

[krafty]

No problem if oil drops to $28,can always buy more.it is impossible to go wrong longing oil.time to work harder and save more money.$100 oil is inevitable.

ah french, dun be too sure. there are many upcoming alternatives to oil, the trend now is going green. and technology advancement may change the reliance on oil after all. just ask a reliable broker for his views on oil, he will say the same.