Oil could crash to $10 a barrel, warn investment bank bears

Thrugelmir

kinger101 wrote: »

I heard on the news this morning that Iran is looking to increase it's output now that sanctions are being lifted. This will add to the downward pressure on oil prices.

Indonesia is coming on stream as well.

Generali

purch wrote: »

Generali is going to have to think of a new signature.

At the rate it's going it'll be true in 6 months :eek:

It's done. Chooks have rights too you know.

FWIW, I don't see $10/bbl as likely for the POO. Never say never though.

padington

Should increase London property prices.

Lower inflation, low interest rates, cheaper fuel, more tourists, cheaper imports, more money chasing safe havens more than ever.

HornetSaver

I tend to think of the crude oil price as litres, and there are ~159 litres in a barrel. Even $30 a barrel equates to about 13p a litre. With widescaIe fracking I think that's sustainable medium term*, but sooner or later oil companies will have to start tapping more expensive deposits to maintain capacity (for comparison the North Sea would strike me as upper mid range on the cost scale - offshore isn't cheap but the infrastructure is good and conditions not too extreme).

* of course Saudi Arabia's policy of trying to undercut the cold war powers whilst annoying Iran could completely change that.

Graham_Devon

padington wrote: »

Should increase London property prices.

Is there anything that doesn't raise London house prices in your world?

I heard Peter the taxi bloke from up the road just invested in a new taxi. Should see house prices rise.

Mistermeaner

Bizarrely I was looking at properties in wood green today. No influence from here, impartially looking for affordable property with good transport links and found myself clicking round wood green on right move.

Asked a London pal for his view: "sh it hole" apparently

cells

Graham_Devon wrote: »

Is there anything that doesn't raise London house prices in your world?

I heard Peter the taxi bloke from up the road just invested in a new taxi. Should see house prices rise.

capital cities are drawing in more of the national wealth of their nations (and the globe) as a second wave of urbanisation kicks in. That trend will probably overpower most other things

I think if government and planning policy permitted it London could grow to 20 million people over the next 40 years.

Graham_Devon

cells wrote: »

I think if government and planning policy permitted it London could grow to 20 million people over the next 40 years.

Glad I won't be living there then.

Mistermeaner

Graham_Devon wrote: »

Glad I won't be living there then.

Need to build up then or London will be in Scotland soon.

Generali

Mistermeaner wrote: »

Need to build up then or London will be in Scotland soon.

The Green Belt is looking increasingly anachronistic.