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re: Crude watch: What's going on?
Posted on 10/14/14 at 11:33 am to LSURussian
Posted on 10/14/14 at 11:33 am to LSURussian
LINK
Pretty good article.
From the looks of everything I have been reading it appears the lower oil prices are here to stay for the near future baring some major event. Depending on what happens we may see a game of chicken between the Opec countries and our domestic producers. To top it off I was reading a report where there are internal struggles within OPEC over market share and talks of a price war within the group for some countries who have been offline, Libya, Iran, a couple others, to try and regain some of it back.
Everything I have read says that as long as it stays above $80 everything here, shale plays & DW, should stay economical and up and running. Hopefully that stays true, be my luck it flattens out right as I a getting in.
Pretty good article.
From the looks of everything I have been reading it appears the lower oil prices are here to stay for the near future baring some major event. Depending on what happens we may see a game of chicken between the Opec countries and our domestic producers. To top it off I was reading a report where there are internal struggles within OPEC over market share and talks of a price war within the group for some countries who have been offline, Libya, Iran, a couple others, to try and regain some of it back.
Everything I have read says that as long as it stays above $80 everything here, shale plays & DW, should stay economical and up and running. Hopefully that stays true, be my luck it flattens out right as I a getting in.
1
Posted on 10/14/14 at 11:52 am to GREENHEAD22
Yeah.. I've heard 80 being the price point also. At least you got in.. Just hope if prices lower they don't pull back your job offer.
Posted on 10/14/14 at 2:03 pm to TheIndulger
Really getting crushed today. Has anyone ever thought about hedging their personal oil consumption if oil gets down really low again? There are a couple ETF's that track the futures pretty well.
Posted on 10/14/14 at 2:17 pm to beaverfever
Posted on 10/14/14 at 2:26 pm to TheIndulger
Yeah, if this is a long term trend, I will really start to worry.
So much of the regionally economy is based on oil and gas.
So much of the regionally economy is based on oil and gas.
Posted on 10/14/14 at 2:46 pm to notiger1997
can't believe it's falling this quickly. I guess it's a race to the bottom at this point. My guess is that it slides in at $74 by the end of next week before bouncing back to stabilize right around $85 as I predicted at the beginning of the year 
Posted on 10/14/14 at 2:52 pm to C
quote:
My guess is that it slides in at $74 by the end of next week before bouncing back to stabilize right around $85
Just curious what your play is if it hits $74
Posted on 10/14/14 at 2:57 pm to I Love Bama
quote:
Just curious what your play is if it hits $74
Likely nothing.
Posted on 10/14/14 at 3:12 pm to beaverfever
quote:Or buy stock in XOM or almost any major oil company.
Has anyone ever thought about hedging their personal oil consumption if oil gets down really low again? There are a couple ETF's that track the futures pretty well.
Posted on 10/14/14 at 3:59 pm to LSURussian
The major oil stocks haven't really corrected much yet for some reason.
Posted on 10/14/14 at 4:15 pm to beaverfever
quote:Because they are more diversified than exploration companies.
The major oil stocks haven't really corrected much yet for some reason.
Posted on 10/14/14 at 9:33 pm to TheIndulger
Actually I am not in yet, haven't accepted any of the offers yet bc I am expecting more and am holding out. Getting pretty nervous though, my luck they will start throwing out hiring freezes. I have two more that will hopefully be in the next 3 weeks. It keeps going the way it is I will prob jump on one of those.
Posted on 10/27/14 at 12:43 pm to TulaneUVA
2 week bump...Crude dropped below $80 today.
Posted on 10/27/14 at 3:41 pm to bayoubengals88
Posted on 10/27/14 at 7:41 pm to TJG210
It will start to stabilize after the election next week
Posted on 10/27/14 at 7:52 pm to bayoubengals88
fricking my plans all to shite.
When is the OPEC meeting? That will be very telling on what the next 2-3 years look like.
The 27th, was hoping it was going to be a lot sooner.
When is the OPEC meeting? That will be very telling on what the next 2-3 years look like.
The 27th, was hoping it was going to be a lot sooner.
This post was edited on 10/27/14 at 7:54 pm
Posted on 10/27/14 at 7:58 pm to GREENHEAD22
This post was edited on 10/27/14 at 8:04 pm
Posted on 10/27/14 at 10:41 pm to GREENHEAD22
how is the job hunt going greenhead?
Posted on 10/28/14 at 10:19 am to breadtiger
Going good, have 3 offers and expecting a couple more. The one I am most interested in though put a short timeline on accepting it so I am in a little bit of a pickle right now.
Posted on 10/28/14 at 10:57 am to GREENHEAD22
Yeah that's a classic move these companies do. Use it as leverage for getting the other offers to come in, and for Getting a better starting salary.
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