Forum Message

Topic: Re:Re:Re:Re:Re:Re:Now the oil price has crashed, their silence is deafening.
Posted by: Sebastian Smeck
Date/Time: 24/12/14 16:37:00

Fracking is a no go and the whole shale oil scene is just a hype.

Markets will bounce and $20 oil will not happen. Look back when oil spiked up to 150, everyone was callin $200 oil and we quickly traded back down to $80.

Like any commodity it is based on supply and demand and right now we are at a point where production is high and the demand is not quite about but refineries were running at record capacity due to a low cost base.

You have to remember as well that other than just crude most of this product gets refined into gasoil, diesel, jet fuel etc basically your middle of the barrel products.

Do we still have some room the downside? certainly but the picture can quickly change, if we see some issues where refinery production is cut off and we do not find as much product coming into the market then the over production will quickly find a home.


Entire Thread
TopicDate PostedPosted By
OIL Prices16/12/14 22:37:00 Julian Pavey
   Re:OIL Prices16/12/14 22:49:00 Janine Jarvis
      Re:Re:OIL Prices17/12/14 09:05:00 Huw Burford-Taylor
         Re:Re:Re:OIL Prices17/12/14 10:21:00 Will Watson
            Re:Re:Re:Re:OIL Prices17/12/14 10:34:00 Guy Lambert
         And renewables17/12/14 15:08:00 Ken Munn
            Re:And renewables17/12/14 15:17:00 Jonathan Bingham
      Re:Re:OIL Prices17/12/14 09:31:00 Susan Kelly
         Re:Re:Re:OIL Prices17/12/14 10:26:00 David Cuss
            Re:Re:Re:Re:OIL Prices18/12/14 11:51:00 Sam Hearn
               Re:Re:Re:Re:Re:OIL Prices18/12/14 11:54:00 Sam Hearn
                  Re:Re:Re:Re:Re:Re:OIL Prices18/12/14 12:00:00 Will Watson
                  Re:Re:Re:Re:Re:Re:OIL Prices18/12/14 12:00:00 Carl Wynne
   Re:OIL Prices18/12/14 12:55:00 Sebastian Smeck
      Re:Re:OIL Prices18/12/14 13:10:00 Julian Pavey
         Now the oil price has crashed, their silence is deafening.23/12/14 12:35:00 Sam Hearn
            Re:Now the oil price has crashed, their silence is deafening.23/12/14 13:09:00 Huw Burford-Taylor
               Re:Re:Now the oil price has crashed, their silence is deafening.23/12/14 13:23:00 Julian Pavey
                  Re:Re:Re:Now the oil price has crashed, their silence is deafening.23/12/14 13:41:00 Huw Burford-Taylor
                     Re:Re:Re:Re:Now the oil price has crashed, their silence is deafening.23/12/14 13:52:00 Sam Hearn
                        Re:Re:Re:Re:Re:Now the oil price has crashed, their silence is deafening.23/12/14 13:58:00 Huw Burford-Taylor
                           Re:Re:Re:Re:Re:Re:Now the oil price has crashed, their silence is deafening.24/12/14 16:37:00 Sebastian Smeck
                              Re:Re:Re:Re:Re:Re:Re:Now the oil price has crashed, their silence is deafening.24/12/14 17:24:00 Peter Millman
                              Re:Re:Re:Re:Re:Re:Re:Now the oil price has crashed, their silence is deafening.29/12/14 09:03:00 Huw Burford-Taylor

Forum Home