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Started By
Message
re: Oil falls sharply as U.S. crude inventories rise
Posted on 2/19/15 at 9:11 am to Thib-a-doe Tiger
Posted on 2/19/15 at 9:11 am to Thib-a-doe Tiger
quote:
It's not getting to $20 a barrel
I don't think so either, but Citigroup put out a note a couple weeks back that said it was.
3
Posted on 2/19/15 at 9:18 am to colorchangintiger
I saw that and I don't believe it at all
Posted on 2/19/15 at 9:20 am to Emiliooo
quote:
Same story, different day
The price of oil is super volatile right now because of trading. It won't stabilize until the third of fourth quarter and will rise back in the low 60s. I can't see it breaking into the $70 mark though
Based on a gut feeling, or you used your crystal ball?
Posted on 2/19/15 at 9:23 am to colorchangintiger
quote:
Citigroup put out a note a couple weeks back that said it was
Morgan Stanley and Goldman Sachs as well
Posted on 2/19/15 at 9:23 am to colorchangintiger
quote:
I don't think so either, but Citigroup put out a note a couple weeks back that said it was.
I think they stated it could. They are just putting out sensitivity analysis so they could prepare if the price were to go down that low. Doesn't mean that it will go down to $20
Posted on 2/19/15 at 9:25 am to tigersnipen
quote:
Based on a gut feeling, or you used your crystal ball?
My crystal ball, you don't have one? Sucks for you
Posted on 2/19/15 at 9:26 am to Emiliooo
Bingo. It's a CYA to investors
Posted on 2/19/15 at 9:41 am to TexasTiger1984
quote:
This is an interesting article. Because of cuts in capital expenditure now, we're setting ourselves up for high prices in the future.
It's not going to have the impact they are trying to make you think. They're trying to pump the price of oil. A small break in discoveries when you have been overproducing isn't going to have a significant impact. There's plenty of buffer for when the market stabilizes.
Posted on 2/19/15 at 9:44 am to Emiliooo
So you're gonna buy some UWTI then right
Posted on 2/19/15 at 9:56 am to TheIndulger
I would say right now is as good of time as any to buy and hold oil.
Posted on 2/19/15 at 10:17 am to Jim Rockford
FYI, EIA data said 7.7
Posted on 2/19/15 at 11:11 am to Jim Rockford
Inventories only rose 1/2 as much as the article in OP stated this morning.
LINK
LINK
Posted on 2/19/15 at 1:31 pm to dragginass
quote:
Inventories only rose 1/2 as much as the article in OP stated this morning.
That's because the OP was API. If EIA had been 14 million, there would be all kinds of blow up in the market today. 7 million is still big but 14 would have been unheard of. I also read that storage is the highest in 80 years, I guess the markets missed that one.
Posted on 2/19/15 at 1:41 pm to Thib-a-doe Tiger
quote:
30A crowd
do you get better gas mileage with or without the bumper sticker?
Posted on 2/19/15 at 1:43 pm to Emiliooo
quote:
buy and hold oil.
Gonna store mine in the Cloud.
Posted on 2/19/15 at 2:10 pm to Thib-a-doe Tiger
quote:
Enjoy the cheap gas now, it's going to cost that much more in the future
Tell me more..
Posted on 2/19/15 at 2:26 pm to swanny297
Capital projects are being put on hold at the value of today's dollar. Inflation will take its toll and those projects will cost more in the future. Not to mention lead time on getting those projects online and producing. The lead time will cause a situation where demand outpaces supply and prices will reflect that
This post was edited on 2/19/15 at 2:35 pm
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