Shell to cut 2,800 jobs

[krafty]

Shell said the cuts were in addition to previously announced plans to reduce its own headcount and contractor positions by 7,500 worldwide.

http://www.channelnewsasia.com/news/business/shell-to-cut-2-800-jobs/2346070.html

 

[krafty]

Oil Prices and Global Growth

In short, oil prices were not quite as consequential for global growth in 2015 as seemed likely at the beginning of the year. And strong reserve positions and relatively conservative macroeconomic policies have enabled most major producers to weather enormous fiscal stress so far, without falling into crisis. But next year could be different, and not in a good way – especially for producers.

Read more at https://www.project-syndicate.org/c...by-kenneth-rogoff-2015-12#OwJApV14dQgVbUAv.99

 

[winnipegjets]

So, I should short oil next year?

 

[po2wq]

Shell said the cuts were in addition to previously announced plans to reduce its own headcount and contractor positions by 7,500 worldwide ...

lidat ... wil dey n up n m-t shell? ...

 

[krafty]

So, I should short oil next year?

no idea, dun think it's good idea to short oil at this juncture, oil production around $45++ per barrel, i think if it go lower, many many casualties. deflation is no.1 killer. more likely, i am expecting a rebound next year. US probably give up their fight with OPEC controlled by saudis. then, this arabs will push up the oil price again. next year, US got presidential election, if they let oil price to slip again, their own economy will deteriorate.

 

[Scrooball (clone)]

no idea, dun think it's good idea to short oil at this juncture, oil production around $45++ per barrel, i think if it go lower, many many casualties. deflation is no.1 killer. more likely, i am expecting a rebound next year. US probably give up their fight with OPEC controlled by saudis. then, this arabs will push up the oil price again. next year, US got presidential election, if they let oil price to slip again, their own economy will deteriorate.

That's why u are a cab driver! If u don't short now, u wanna wait till $30 then start?