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Started By
Message
$200/barrel in future?
Posted on 2/3/15 at 2:26 pm
Posted on 2/3/15 at 2:26 pm
8
Posted on 2/3/15 at 2:33 pm to TigerSaint1
I saw that also. They went from saying we will never see $100/barrel to it will be over $200/barrel.
My Opinion: They are messing with us bad!!!!
My Opinion: They are messing with us bad!!!!
Posted on 2/3/15 at 2:34 pm to TigerSaint1
When WWIII starts sure.
Posted on 2/3/15 at 2:37 pm to JayDeerTay84
absent something really, really stupid (which is always possible halfway around the globe) I'd imagine it will settle in a range of $65 to $80 before the year is complete and ought to trade in that range for a couple of years....simply an opinion taken from watching and reading
Posted on 2/3/15 at 2:42 pm to Spec1
quote:
My Opinion: Lot of people just flinging shite, and hoping their particular fling sticks, so they can be hailed as 'geniuses'
Nothing more to really see here, it seems.
Posted on 2/3/15 at 2:44 pm to TigerSaint1
quote:
Read this article yesterday and wanted some opinions?
opinion: not remotely possible without war anytime soon
oil gets anywhere near $100 again, everyone starts drilling like mad, soviets, shale areas, Venezuela, etc.
the premise 'The Secretary-General said that, "if you don't invest in oil and gas, you will see more than $200"' will never occur.
Posted on 2/3/15 at 3:17 pm to Ole War Skule
quote:
the premise 'The Secretary-General said that, "if you don't invest in oil and gas, you will see more than $200"' will never occur.
I agree, I also agree that once the smaller ops get priced out the market and the major players ride this dip out the market will correct itself. It is also why I think majority of these downstream refineries need to be on the front end of this change. Most of these mega-project/expansions might get put on hold due this, but these projects can take 2.5-5 years to complete and there is no telling how high prices can be by then. So I would assume why not be on the front end of this for multiple reason. 1) not getting into a bid war over labor force when everyone else decides to pull the trigger on their projects. 2) have your unit operating when the production increases. Also this does not only factor oil refineries, but also plastic plants and GTL projects that have been put on hold due to the slimmer margins of the price between NG and Crude Oil.
Posted on 2/3/15 at 3:31 pm to TigerSaint1
If it is not already obvious I know precious little about the O/G industry but I've wondered about OPEC's recent stance and its seeming desire to throttle US production...I've wondered, is their aim oil or to stall the encroachment of natural gas on a global scale, of which they seemingly have precious little of as compared to the US...simply an observation from a non-O/G industry person
Posted on 2/3/15 at 3:52 pm to TigerSaint1
Business Insider is shite. It is the elite daily of finance. Form your own opinions.
Posted on 2/3/15 at 4:04 pm to TigerSaint1
We can only hope 
Posted on 2/3/15 at 4:05 pm to stringer_bell
quote:
Business Insider is shite
the story is valid and was picked up by every major news source about what an OPEC official said. the fact that BI ran it does not mean it is without merit.
Posted on 2/3/15 at 4:05 pm to stringer_bell
quote:
Form your own opinions
I did, read two post above yours.
Posted on 2/3/15 at 4:08 pm to TigerSaint1
Sorry, just tired of these click-bait articles with ridiculous headlines. You guys probably know the industry better than the BI contributors.
Posted on 2/3/15 at 4:15 pm to stringer_bell
quote:
Sorry, just tired of these click-bait articles with ridiculous headlines. You guys probably know the industry better than the BI contributors.
No hard feelings, and yes I do work in this industry but more than likely will not feel any effects of this downturn.Posted on 2/3/15 at 4:27 pm to TigerSaint1
quote:
wanted some opinions?
It's a stupid article
Posted on 2/3/15 at 5:10 pm to TigerSaint1
I think the article is valid. He is saying that if you have knee jerk reactions to the market and shut everything down every time prices dip, you could eventually have a shortage that causes prices to sky rocket. Makes since to me. As far as setting a price on that sky rocketing, no one knows. Would a business rather lay a bunch of people off and lay low for a few years so it could have record profits and be villains when/if a shortage does happen, or lose money now to have a more stable market...that's above my pay grade.
Posted on 2/3/15 at 6:49 pm to TigerSaint1
What we are likely to see in the short term and maybe some long term (if economies don't heat back up) is extreme volatility. The reason is that the american oil barrel has become or been appointed the swing barrel, meaning that US production will be at the price controls and will have to cut production to raise prices. The problem is that US production isn't state production like SA. When SA cuts production to support price it doesn't ramp up production as soon as price makes drilling wells economic. In the US the low price will cut production which will raise prices but as soon as prices get high enough to make drilling/wells economic all of these independent companies are going to get right back after it....and prices will drop again. You see it now with nat gas.
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