Started By
Message

re: Saudi and Russia agree to Oil freeze?

Posted on 4/12/16 at 4:52 pm to
Posted by TheIndulger
Member since Sep 2011
19239 posts
Posted on 4/12/16 at 4:52 pm to
quote:

Maybe I'll be able to move from service to operator by the end of the year.


Posted by b-rab2
N. Louisiana
Member since Dec 2005
12576 posts
Posted on 4/12/16 at 6:59 pm to
I can dream, right?
Posted by pr3sg1ad
Hawaii
Member since Feb 2016
145 posts
Posted on 4/12/16 at 8:08 pm to
quote:

I would prefer to not have to use my card twice to fill up my truck again.


Too much truck. Haa nothing to do with prices.
Posted by TheIndulger
Member since Sep 2011
19239 posts
Posted on 4/13/16 at 12:37 am to
You'll be competing with the 1,000 or so that just got shitcanned at chevron last week...
Posted by lsugradman
Member since Sep 2003
8545 posts
Posted on 4/13/16 at 2:57 am to
Its really more like 2000
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12576 posts
Posted on 4/13/16 at 6:30 am to
ouch
Posted by GFunk
Denham Springs
Member since Feb 2011
14966 posts
Posted on 4/13/16 at 11:03 am to
quote:

dabigfella
quote:

Iran said it won't agree and that it intends to increase production to its post sanction levels.


Their operating fields are extremely antiquated from a technological standpoint due to the embargo preventing new tech and new investment in their production/extraction/refinement.

The cost associated with bringing their currently producing fields up to date and then retooling the ones they had off-line due to the embargo will be massive. With the cost artificially low, Saudi is playing a regional political game for control of the ME as Iran was bankrolling problems in Lebanon, Syria and Iraq as well.

SA wants to see them bleed due to those low prices.

Not sure Iran is going to be able to do anything other than sell and earn at way lower, reduced levels over the medium and long-term before they bring their production back up.
Posted by jonboy
Member since Sep 2003
7138 posts
Posted on 4/13/16 at 11:10 am to
quote:

Their operating fields are extremely antiquated from a technological standpoint due to the embargo preventing new tech and new investment in their production/extraction/refinement.



This is correct. They can sell everything they have but based on the terrible shape of their industry it will take years to replace it and they know it. SA has a gun to their heads with this.
Posted by TigerDeBaiter
Member since Dec 2010
10262 posts
Posted on 4/17/16 at 6:00 pm to
Doha meeting a failure. Like I said, this was all smoke and mirrors.
Posted by bayoubengals88
LA
Member since Sep 2007
18915 posts
Posted on 4/17/16 at 6:11 pm to
good, maybe I'll get another chance to make a buck on small drillers and refiners.
Posted by Strannix
District 11
Member since Dec 2012
48904 posts
Posted on 4/17/16 at 6:47 pm to
The freeze levels are glut production
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12576 posts
Posted on 4/17/16 at 6:57 pm to
who you looking at?
Posted by wfallstiger
Wichita Falls, Texas
Member since Jun 2006
11425 posts
Posted on 4/17/16 at 8:03 pm to
Seems to me OPEC has lost the ability to dictate and I don't see that as necessarily a bad thing. They were like a monopoly that held a gun to the head of others. I am grateful for the technological advances at home as that has seemingly defanged the Kingdom...I think they know their world has changed as they are striking security agreements with some pretty interesting folks.
Posted by Odinson
Asgard
Member since Apr 2014
2753 posts
Posted on 4/17/16 at 9:38 pm to
Looks like I'll be shorting tomorrow.
Posted by GREENHEAD22
Member since Nov 2009
19593 posts
Posted on 4/17/16 at 9:51 pm to
Hopefully my waiting will pay off. I have near a dozen limit buys ready for the fall.
Posted by FunroePete
The Big Cheezy
Member since Dec 2012
1531 posts
Posted on 4/17/16 at 10:29 pm to
quote:

I think they know their world has changed as they are striking security agreements with some pretty interesting folks.

Genuinely curious, do you mind linking some articles or expanding on this?
TIA
Posted by bayoubengals88
LA
Member since Sep 2007
18915 posts
Posted on 4/17/16 at 10:33 pm to
ALJ, ATW, and ETE have all been fairly volatile sometimes up to 25-30 percent.
Posted by wfallstiger
Wichita Falls, Texas
Member since Jun 2006
11425 posts
Posted on 4/17/16 at 10:54 pm to
Two suggestions as linking is above my pay grade:

Debka, or if you prefer others

Simply Google Egypt, Israel, Saudi Arabia as there a number of stories about these three. Iran appears to be the common denominator and shared driving force.
Posted by FunroePete
The Big Cheezy
Member since Dec 2012
1531 posts
Posted on 4/17/16 at 11:23 pm to
quote:

Debka

Can you say to what degree of bias I should take with this website?
Thanks

edit: pay wall?
This post was edited on 4/17/16 at 11:30 pm
Posted by wfallstiger
Wichita Falls, Texas
Member since Jun 2006
11425 posts
Posted on 4/18/16 at 7:34 am to
I tend to read it with a cautious eye as it has its own preferences for interpretation. However, I tend to use it as a platform to seek out other reporting sources, hence, my Google suggestion. Is quite interesting as these three, arguably the most influential/powerful in the region are seemingly aligning. Some argue this has to do with Iran to which I agree and attribute to a lack of USA influence to which I disagree. I'm no fan of the POTUS but I do believe this is his fingerprint and I tip my hat
first pageprev pagePage 2 of 3Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram