Author Topic: Oil  (Read 32276 times)

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Offline eyephone

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Oil
« on: December 28, 2015, 12:54:20 PM »
Is it time to get back into oil?


Online qwerty

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Re: Oil
« Reply #1 on: December 28, 2015, 02:45:42 PM »
Is it time to get back into oil?



I loaded up when wti was in the 34s. Right now over 36. I would wait a bit till gets back to 34, I wouldn't be surprised if it hits the high 20s in q1 then I would go all in.

Offline eyephone

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Re: Oil
« Reply #2 on: January 27, 2016, 04:58:43 PM »
Is it time to get back into oil?



I loaded up when wti was in the 34s. Right now over 36. I would wait a bit till gets back to 34, I wouldn't be surprised if it hits the high 20s in q1 then I would go all in.

Did you go all in?
Did you hear the potential news regarding OPEC?

Online qwerty

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Re: Oil
« Reply #3 on: January 27, 2016, 06:57:34 PM »
Is it time to get back into oil?



I loaded up when wti was in the 34s. Right now over 36. I would wait a bit till gets back to 34, I wouldn't be surprised if it hits the high 20s in q1 then I would go all in.

Did you go all in?
Did you hear the potential news regarding OPEC?

Didn't go all in. 100k at 34s. Another 100k at 27s. 

If you are talking about Russia/opec then yes I heard.

Offline eyephone

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Re: Oil
« Reply #4 on: February 04, 2016, 12:50:24 PM »
Obama to propose $10 a barrel on oil.
(Says it all - Democrats are about taxing)

Offline morekaos

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Re: Oil
« Reply #5 on: February 04, 2016, 12:52:28 PM »
Obama to propose $10 a barrel on oil.
(Says it all - Democrats are about taxing)

No, no, no that's a FEE not a tax...doh!!!

http://www.cnbc.com/2016/02/04/white-house-wants-10-per-barrel-fee-on-oil.html

Offline eyephone

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Re: Oil
« Reply #6 on: February 04, 2016, 06:57:53 PM »
Obama to propose $10 a barrel on oil.
(Says it all - Democrats are about taxing)

No, no, no that's a FEE not a tax...doh!!!

http://www.cnbc.com/2016/02/04/white-house-wants-10-per-barrel-fee-on-oil.html

You can slice it and dice it. You can call it a fee or a tax to the oil companies. In effect, they will pass the cost to the consumers. The link below says it's a tax. (We both know it's nonsense, government expects the oil companies to pay 1/3 of the price of an oil barrel.)

http://www.politico.com/agenda/story/2016/02/obama-oil-tax-budget-000038

Offline eyephone

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Re: Oil
« Reply #7 on: July 25, 2017, 10:43:54 AM »

Offline GH

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Re: Oil
« Reply #8 on: July 25, 2017, 11:12:50 AM »
Saudi Arabia cuts oil exports. (Time to buy?)

http://www.cnbc.com/2017/07/24/oil-extends-gains-as-opec-moves-to-cap-nigeria-output.html

Oil price will be capped as more shale will just come online as price goes higher -- OPEC is in a very tough place -- they should have not been greedy before that have allowed alternative sources to develop when oil prices was too high.

Offline morekaos

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Re: Oil
« Reply #9 on: July 25, 2017, 11:29:22 AM »
Winning!!!!

US reports oil exports rise to record level, just as OPEC agrees to cut back

The U.S. government reported record exports of 1.3 million barrels of crude oil per day last week.
The crude U.S. producers shipped was just a half million barrels a day less than the total OPEC and other producers agreed to hold back from the market.
U.S. data show record refining runs of 17.51 million barrels a day

http://www.cnbc.com/2017/06/01/us-reports-oil-exports-rise-to-record-level-just-as-opec-agrees-to-cut-back.html

Offline Liar Loan

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Re: Oil
« Reply #10 on: July 28, 2017, 12:08:24 PM »
I'm not a big follower of oil, but I do study cyclical trends for all of my investments, and oil has very long down cycles:

1948 - 1973 = 25 years
1980 - 1999 = 19 years
2008 - ???? = Only 9 years so far

http://www.macrotrends.net/1369/crude-oil-price-history-chart

Offline Ready2Downsize

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Re: Oil
« Reply #11 on: July 28, 2017, 09:39:51 PM »
I'm not a big follower of oil, but I do study cyclical trends for all of my investments, and oil has very long down cycles:

1948 - 1973 = 25 years
1980 - 1999 = 19 years
2008 - ???? = Only 9 years so far

http://www.macrotrends.net/1369/crude-oil-price-history-chart

But the first cycle was pre opec.

The second one started when there was super high inflation and interest rates and both kept falling.


Offline Liar Loan

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Re: Oil
« Reply #12 on: July 31, 2017, 12:12:03 PM »
Yep, every cycle has a different cause.  This time it's the US/Canada acting as net exporters of shale.  The world no longer relies on OPEC as it once did.

Offline eyephone

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Re: Oil
« Reply #13 on: November 11, 2017, 08:25:16 PM »
Get in before tension rise?

Offline morekaos

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Re: Oil
« Reply #14 on: November 11, 2017, 08:31:30 PM »
$60 oil is the sweet spot. If we get to that price and hold everybody is happy. The producers make lots of money the consumer is not too angry and the country exports a fortune and reduces its deficit. Couple that with the export of natural gas and that’s a formula for winning

 

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