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Oil opportunity
Comments
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Scotlands folk must be quite relived they didn't listen to Alex Salmonds financial PLanning!0
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You are both right.on that basis you had better bookmark today's BBC news page then
http://www.bbc.co.uk/news/business-35362397
don't know what you do for a living, but the BBC's Economics Correspondent would not agree with your punditry of who is responsible...."The oil price has plummeted 75% since mid-2014 as oversupply, mainly due to US shale oil flooding the market, has driven down the cost of the commodity."
The US want energy independence (from the middle east) and therefore fracking/shale gives them this, and therefore it was full steam ahead. The Saudi's are obviously keen to kill off their competitors (by getting the PoO down to an uneconomical level for shale / high cost producers).
Shales will always come back in to play but only as and when the price rises again.Personal Responsibility - Sad but True
Sometimes.... I am like a dog with a bone0 -
Shales will always come back in to play but only as and when the price rises again.
Don't hold your breath. The US shale boom was built on the politburo's zero cost borrowing bonanza and the subsequent rout in the junk energy bond market in the US has been under way for some time. A lot of people are losing a lot of money in the US energy boom.'We don't need to be smarter than the rest; we need to be more disciplined than the rest.' - WB0 -
Every single time I have thought oil was an investing opportunity I have been wrong. A 5k mistake in total but a lesson learned.0
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But do you doubt that oil is the energy commodity and that at some point, if only through population increases, that demand will increase and at some point exceed supply (not just speculative money but real supply).Don't hold your breath. The US shale boom was built on the politburo's zero cost borrowing bonanza and the subsequent rout in the junk energy bond market in the US has been under way for some time. A lot of people are losing a lot of money in the US energy boom.
There will always be a price point where high cost sources of oil will be re-engaged with.
The oil pulled out of each well is only a percentage of the oil that is in the reserve. The only reason it is not extracted is due to economics. At some point in our future all these sealed / exhausted wells (including high cost shale) will be revisited / re-opened.Personal Responsibility - Sad but True
Sometimes.... I am like a dog with a bone0 -
It is the commodity at present, no dispute. I'm not convinced the age of oil will only end when the last drop has been extracted at massive cost and price though. It will take a long while yet but the moves towards developing alternative energy sources are all well under way and accelerating.'We don't need to be smarter than the rest; we need to be more disciplined than the rest.' - WB0
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Credit-Crunched wrote: »Scotlands folk must be quite relived they didn't listen to Alex Salmonds financial PLanning!
it appears you don't follow scottish politics. support for independence has actually edged up a touch since the referendum.0 -
on that basis you had better bookmark today's BBC news page then
http://www.bbc.co.uk/news/business-35362397
don't know what you do for a living, but the BBC's Economics Correspondent would not agree with your punditry of who is responsible...."The oil price has plummeted 75% since mid-2014 as oversupply, mainly due to US shale oil flooding the market, has driven down the cost of the commodity."
That as well, but right now it's that open effectively is a spent force, because the studies are basically going it alone and their production strategy is working, forcing everyone else to retrench. And it's going on till oil gets to $10 a barrel or less.
Cheers fj0 -
Bought a couple of K's worth of Shell this morning, for the income portfolio. Factored in a large cut in the dividend for safety, when deciding- but still happy to hold.
FYI- also, no idea if this is the bottom or not. Gave up trying to guess these things years ago !!Total - £340.00
wins : £7.50 Virgin Vouchers, Nikon Coolpixs S550 x 2, I-Tunes Vouchers, £5 Esprit Voucher, Big Snap 2 (x2), Alaska Seafood book0 -
grey_gym_sock wrote: »it appears you don't follow scottish politics. support for independence has actually edged up a touch since the referendum.
Yes- there was a move post referendum to the 'yes' side in the two months following the vote- but poling seems to show both sides pretty static now.Total - £340.00
wins : £7.50 Virgin Vouchers, Nikon Coolpixs S550 x 2, I-Tunes Vouchers, £5 Esprit Voucher, Big Snap 2 (x2), Alaska Seafood book0
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