Oil just hit USD51.64/barrel a while ago.......

[johnny333]

Will bus and mrt fares be reduced soon ? It means a lot to us ordinary citizens.:o

Do you think Temsaek i.e. the Lees care anything about the "lesser mortals" of Spore

If they reduce the fares it will only be until after the GE & then everything will go up again.

 

[lifeafter41]

A new 2015 year, is oil continuing to trend down towards USD40..........??

Just noted oil is continuing its downward trend.
It is now at USD47.50........

At the rate it is going, we will see USD40 before end Jan 2015.

 

[danielsim]

Heng Arh! Din Pump yesterday.

Waiting it to fall again!!

Honestly, even if prices fall, the pump prices hardly fall by a lot. So no point waiting and waiting/

 

[nvwxcs]

good news for Dow Jones

 

[krafty]

quoted from KJ-RP:

Perfectly rational that Saudis want to sell as much oil as possible now even if it means driving prices down to their marginal cost of production. The cost of fracking will continue to fall, the price of solar energy will likely continue to decline exponentially obeying Moore's Law. Longer term better fission reactors and fusion energy is waiting in the wings. If the. Saudis expect oil prices to be lower in future then they should sell as much as possible today

http://www.wsj.com/articles/oil-prices-extend-declines-1420523070

 

[SteveAustin]

Dow Jones has been on the uptrend.

 

[Satyr]

Do you think Temsaek i.e. the Lees care anything about the "lesser mortals" of Spore

If they reduce the fares it will only be until after the GE & then everything will go up again.

Temasek is more worried about how their investments in Oil companies will fare . ( hint.....not good).

Rig builders will also be screwed.