U.S. Shale Oil Industry Will Bankrupt Saudi Arabia And Claim Victory Against OPEC

[RRogers14]

http://www.oiljobsnd.net/u-s-shale-oil-industry-will-bankrupt-saudi-arabia-and-claim-victory-against-opec/

 

Admin- I figured this was the best spot to post this..didnt see it anywhere else either.. feel free to move or delete as needed

[TexasMike1958]

how will this affect Iraq and the HCL???  Furthermore how will this affect the RV???  It seems to me that the answer is ..... negatively.   But I am definitely not an expert in this.

[SgtFuryUSCZ]

***///

 

...keep an eye on REUTERS... what their masters do will reveal all.

 If those greedy pigs bail, then you know something's up. 

[RRogers14]

how will this affect Iraq and the HCL???  Furthermore how will this affect the RV???  It seems to me that the answer is ..... negatively.   But I am definitely not an expert in this.

That's why I posted this.Maybe Adam and others in the know can chime in on this ..

[VIZIOIRAQI]

First things first OPEC was started by the good old USA and we still hold 12% of it , so I'm not even taking this article seriously what so ever it sounds like just Opinions with lack of knowledge to me . Second of all Saudi is keeping oil supply high dropping oil prices to soon to be record lows on purpose there main goal is to knock out all private sector small players to monopolize the industry. They want to knock out N Dakota and Texas completely and damage the dollar all together. Iraq alone pushed 1 billion barrels of oil in just 2015 Texas & North Dakota together couldn't even do that! Everyone knows that 1/3 of Iraq's Oil containers is sitting at our boarder waiting to hit the market & at the same time Iran's oil is going to be hitting the market in record levels to make up for there loses some time this month. This will bring oil prices down into the Teen's Possibly even as low as 10 dollars per barrel , but I'm thinking some where around 15 to 20 per barrel myself. I hope it hits 10 I'll be buying alot of oil if it even goes to 15-18 . When it goes this low and it will for about a year or so it will break alot of people , but the upside is what it brings to the table for many others . Chances of a life time again to make 400% to 700% of your money back . Reuters and OPEC are saying 70 per barrel in 2017 but Saudi is saying no higher than 45 to 50 ever again so we shall see how this play's out!

[yota691]

America exported the first shipment of oil after the abolition of the prohibition as long as 40 years

January 1, 2016

 

 

 

 

US oil

Our economy / Washington

The United States exported the first shipment of oil after the lifting of the ban on the export of "black gold", imposed 40 years ago, according to the agency "Bloomberg", on Friday, January 1st.

According to the Agency, the oil tanker, a subsidiary of "ConocoPhillips" American started from the city of Corpus Christi (Texas) to a Italian ports. The shipment will go to the Swiss Dutch company "Vitol", which is one of the largest companies in the world in the field of oil trade.

She explained, "Bloomberg" that the United States will provide "Vitol" one shipment of hydrocarbons, at least in the next few days.

The "Wall Street Journal" magazine, earlier, that the United States intends to ship about 600 million barrels of oil from the Houston station, in the southern part of the state of Texas in the first week of January.

It is worth mentioning that the oil embargo was adopted in 1975, during the energy resulting from the conflict in the Middle East crisis. The American companies, since then, the export of refined oil products only, including gasoline. Supporters say lifting the ban, it will return positive results on the US economy, in light of the growth of oil production in the United States conditions. Strangely, opponents see the resumption of the export of oil, that will serve the interests of big energy companies at the expense of the interests of consumers.

[yota691]

The United States exported the first shipment of oil in 40 years

Economy and Tenders

 Since 01.03.2016 at 08:59 (GMT Baghdad)

Follow-up - the balance of News

The United States exported the first shipment of oil after the abolition of the prohibition as long as forty years, as reported by Bloomberg News.

According to the agency, the oil truck belonging to the company "ConocoPhillips" the American left the city of Corpus Christi, Texas, headed for one of the Italian ports, where the company "Vitol" Swiss Dutch Ststlv as a vector of oil and condensate.

Bloomberg noted that the United States will supply oil shipment and at least one of the company "Vitol", which is one of the largest specialized trade oil companies, in the coming days.

The newspaper "Wall Street Journal" reported earlier that during the first week of this month, US plans to export about 600 thousand barrels of oil extracted from the stomachs of American territory south of the port of Houston, Texas. Ended 29/4 e