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Posted on 10/5/15 at 2:39 pm to TheHiddenFlask
quote:
Tudor's opinion on oil is exponentially more relevant than goldman's. Goldman is good at most I Banking, but they aren't top 3 and probably not too 5 in energy banking.
TPH in my opinion is always overly optimistic on price....they need to support their M&A biz. Those clowns have forever pumped the idea of $5 gas.
Posted on 10/5/15 at 2:42 pm to Omada
quote:
If I remember correctly from seeing this when it first came out, isn't this their worst case scenario? Their baseline prediction is probably much more realistic - like $40-50 or something along those lines.
Correct.
Posted on 10/5/15 at 2:54 pm to cwill
BCEI up 14-15% today.
Posted on 10/5/15 at 3:07 pm to MrLSU
quote:
Goldman could very well be correct because one of the things taking place right now is the black market of oil supplies being dumped on the market by Iran, Iraq, Syria, and Libya. They are selling barrels of oil over there for $5 dollars a barrel right now in Syria.
No they aren't. Any oil that is sold on the black market, like the ISIS oil sales for example, are too small to move the legitimate world market.
Posted on 10/5/15 at 3:09 pm to ColoradoAg03
quote:
BCEI up 14-15% today.
Great.
Posted on 10/5/15 at 5:08 pm to cwill
I've always wondered- who buys black market oil? I can't imagine it being large volumes or big countries since they can get oil from reliable sources.
Posted on 10/6/15 at 10:11 pm to TigerTatorTots
What's the MT board think about this little oil rebound? For real or just based on OPEC speculation?
Posted on 10/6/15 at 10:37 pm to Grits N Shrimp
Oil is always based on speculation... but with a sharp decrease in rig count last week, Russia considering an OPEC meeting, weaker dollar, increased demand outlook, and the looming US production drop the price seems to have stabilized for real.
Posted on 10/6/15 at 11:20 pm to GoldenD
Until news on Iran comes out, after that though I expect a stabilization.
Posted on 10/7/15 at 6:45 am to GREENHEAD22
Except people have been talking about Iran so I think it is partially priced in already. It's sort of like buying Apple a week before an iPhone launch.
Posted on 10/7/15 at 8:13 am to GoldenD
I think its still going to have a dramatic affect. Not only do they significant amounts in storage waiting to be brought to market which they will most likely unload as quick as possible. They also will be adding close to 3M barrels within a years time of cranking back up.
Posted on 10/7/15 at 9:46 am to goodbuds
I don't know about $20, but I see it getting into THE 20's some time next year.
Posted on 10/7/15 at 6:44 pm to blueboy
I think we saw Oil lows. This Russia nonsense in the middle east is going to keep prices from going lower IMO.
I hope I'm wrong for the short term so I can make one last stock purchase with lower oil
I hope I'm wrong for the short term so I can make one last stock purchase with lower oil
Posted on 10/7/15 at 9:43 pm to GREENHEAD22
quote:
I think its still going to have a dramatic affect. Not only do they significant amounts in storage waiting to be brought to market which they will most likely unload as quick as possible. They also will be adding close to 3M barrels within a years time of cranking back up.
Anyone who believes that Iranian oil is going to make much of a difference is fooling themselves IMHO. They have been selling oil all along, it has just been under the table.
When their sales are added into the official tally the demand it satisfied will be added as well.
Posted on 4/30/16 at 7:22 pm to goodbuds
Bump, interesting thread
Posted on 4/30/16 at 7:44 pm to Porker Face
I mentioned this yesterday in another oil thread but I just dont see how the internal combustion engine is still the gold standard in 15-20 years. BMW already said they will be all electric by 2025. I dont like electric cars today bc of how long the supercharging process takes for tesla but Im not naive enough to think 20 years from now they wont be able to charge rapidly. If cars could be charged quickly, I dont see how an ICE enging with a bajillion moving parts is a better option than an electric car with just a handful of moving parts. Electric cars are clearly simpler machines but the question is do they ever become cheap enough and charge fast enough. If so I dont see how gas powered cars remain the majority.
Long term I just dont see how oil is a good investment today or ever again. Im in the gas station business and even I worry slightly about the future of gas. Ill be the last one in trouble bc mine are all lower income areas where they will be last to adapt if/when that time comes.....but still I always wonder if that times coming. BMW making that announcement recently about all electric in 9 years was eye opening to me.
Long term I just dont see how oil is a good investment today or ever again. Im in the gas station business and even I worry slightly about the future of gas. Ill be the last one in trouble bc mine are all lower income areas where they will be last to adapt if/when that time comes.....but still I always wonder if that times coming. BMW making that announcement recently about all electric in 9 years was eye opening to me.
This post was edited on 4/30/16 at 7:46 pm
Posted on 4/30/16 at 7:48 pm to goodbuds
One could only hope it falls that low 
Posted on 4/30/16 at 7:50 pm to hbuc88
quote:
One could only hope it falls that low
Actually its not a good thing if it does.
Posted on 4/30/16 at 8:20 pm to dabigfella
Invest in lithium ion batteries?
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