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Oil & Gas Prices Dropping!!

usarmy

By usarmy,
in Dinar Rumors

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gymrat76541 Newbie

gymrat76541

Posted
Posted

The Saudi's are keeping the oil prices low to drive out the shale oil in the USA & the sand oil in Canada. Also to hurt Iran & Russia! Once enough oil companies go into bankruptcy or the Saudi's money reserves can not longer sustain the loses - they will cut production & drive up the prices again!

 

Meanwhile - we wait! :(

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skeetdog Grand Master

skeetdog

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Posted

...My guess is they'll let it get up to around 40 to 45 bucks a barrel and hold it there until ''gymrat's '' post has it's reckonin'...In this price range it'll still have the cause-n-effect mentioned by ''gymrat'' but will stabilize the Iraqi economy and put their budget in perspective... 

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eburt Contributor

eburt

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I thinks it does not matter if the oil and gas prices is high or low.....I'm not buying that - Iraq had all the time in the world to pass the HCL law when gas prices was stable over the last couple of years and made other excuses for not passing the HCL - Let's say if the oil and gas is back to were it was at the beginning of the year do you think they would have pulled the trigger?  What happened when GOI stated the HCL would be in to 2016 budget? Have not heard anything on that......Not trying to be negative but, I think Iraq needs a new GOI and CBI that would stop talking and be about action and stop making excuses.  Just my :twocents:

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DWitte Newbie

DWitte

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Posted (edited)

How come you say if it doesn't happen in a certain time frame it will never happen?  Of course it will.  Haven't people been saying that forever?  Or at least as long as we've been in this investment?  I won't even claim two cents on this, I'll just take one.

Edited by DWitte
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Dinarian64 Newbie

Dinarian64

Posted
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oil-price.net has WTI Crude Oil trading at $32.78 and Brent Crude Oil trading at $35.10 . With a one year trend price of $37 a barrel. Gold is back in the $1219.80 range. Gosh I hope gold goes back down to the $1100 neighborhoodjust after the IQD RV's?

Why do you want good to go back down???

Most of the US, South America, Canada, Africa, and Middle Eastern countries say that they will break even at around $50 per barrel. OPEC/Saudi's can product oil much cheaper for profit because theirs to easily & cheaply accessed. No exploration, pumping, or shipping cost.

And less environmental description as the area is already decimated by their burning wells and the blight of war - versus tearing up pristine rainforest or deep ocean drilling and spilling

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davis411 Experienced

davis411

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How come you say if it doesn't happen in a certain time frame it will never happen?  Of course it will.  Haven't people been saying that forever?  Or at least as long as we've been in this investment?  I won't even claim two cents on this, I'll just take one.

can i have the other 1 cent

little short this week

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BJinMontreal Newbie

BJinMontreal

Posted
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Why do you want good to go back down???

And less environmental description as the area is already decimated by their burning wells and the blight of war - versus tearing up pristine rainforest or deep ocean drilling and spilling

Drop in gold price after RV equates to more gold in one's safe!!

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  • 1 month later...
usarmy Apprentice

usarmy

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I never said that there will never be an RV, I said there won't be an RV in 2016!!  But, if there is that would be awesome! I have been on this ride for many years and not much would excite me more than to see an RV, I just don't see it happening in 2016!

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  • 3 weeks later...

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