Oil

eyephone said:
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.
 
qwerty said:
eyephone said:
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?
 
eyephone said:
qwerty said:
eyephone said:
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.
 
morekaos said:
eyephone said:
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
 
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
 
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.
 
$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
 
morekaos said:
$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

....and then...

Crude's rally could be poised to test $60 per barrel, according to T3Live

https://www.cnbc.com/2017/11/10/crudes-rally-could-be-poised-to-test-60-dollars-per-barrel.html
 
morekaos said:
morekaos said:
$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

....and then...

Crude's rally could be poised to test $60 per barrel, according to T3Live

https://www.cnbc.com/2017/11/10/crudes-rally-could-be-poised-to-test-60-dollars-per-barrel.html

...and then

As oil passes major milestone, here?s what 2018 could hold

On Tuesday, WTI crude surged to its highest level since mid-2015, surpassing the $60-per-barrel milestone right before it settled, as an explosion at a pipeline in Libya prompted the loss of around 90,000 barrels of crude.

https://www.cnbc.com/2017/12/26/as-oil-passes-major-milestone-heres-what-2018-could-hold.html
https://youtu.be/oqwzuiSy9y0
 
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