Oil at $40

[cirr]

The Americans are bluffing when they say their shale producers can return cash at 42 USD a barrel。

 

[AZADPAKISTAN2009]

WW3

 

[AZADPAKISTAN2009]

All I would like to ask is why is prices of

a) Food
b) Circular debt
c) Other cost not falling or crashing down !!!!

$70 dollar oil ... our currency value should increase

Or are we still charging 120$ oil form Pakistani citizens

 

[jammersat]

Thanks to Saudi arabia ISIS is screwed too with such a price

 

[hans]

Oil is only part of the society total cost, majority in industry and transportation...
Food and debt is something less related to oil..

All I would like to ask is why is prices of

a) Food
b) Circular debt
c) Other cost not falling or crashing down !!!!

$70 dollar oil ... our currency value should increase

Or are we still charging 120$ oil form Pakistani citizens

 

[Icewolf]

As I said before, once OPEC oil becomes irrelevant, Iran, Saudi Arabia, UAE, Qatar will go back to herding goats and camel jockeying.

 

[Arya Desa]

OPEC is trying to destroy America's shale industry. Too bad the Americans are 100x smarter than them and this will end up destroying OPEC instead of America.

 

[My-Analogous]

Actually it is a counter attack by G.C.C to US. US invest of its Shall reserve and its level is Minimum 80$/barrel to become operational profitable. After US investment and stating that they don't need ME anymore. The G.C.C decrease the price to below 80$/barrel and if this situation will go more then 3 months then all companies in US will become bankrupt because of operational cost. I think now G.C.C will sale their oil less then 80$/barrel from now on and in that case US will have to rely on ME. So it seems good news for Oil Importer countries.

Bottom line: ME buy more time for their oil until US came up with new cheap technology for her Shall reserve which reduce cost for drill till 40$/barrel.

 

[ozzy22]

This is great for me as I just passed my driving test.

 

[New]

I can't see any reason why aren't we gonna witness a disruption of any kind malfunction/accidental/terroristic in SA's oil export industry?
That's not a foretelling, that's just the simplest calculation.

 

[Nilesh Singh]

As I said before, once OPEC oil becomes irrelevant, Iran, Saudi Arabia, UAE, Qatar will go back to herding goats and camel jockeying.

This is great for me as I just passed my driving test.

so which car you are planning to buy

 

[ozzy22]

so which car you are planning to buy

I have no idea at the moment I'm just borrowing cars from the family.

 

[Nilesh Singh]

At least in India i am paying Rs.12/lit less than previous month, ME countries population should also think about doing work instead of receiving free cheque

 

[zip]

Actually it is a counter attack by G.C.C to US. US invest of its Shall reserve and its level is Minimum 80$/barrel to become operational profitable. After US investment and stating that they don't need ME anymore. The G.C.C decrease the price to below 80$/barrel and if this situation will go more then 3 months then all companies in US will become bankrupt because of operational cost. I think now G.C.C will sale their oil less then 80$/barrel from now on and in that case US will have to rely on ME. So it seems good news for Oil Importer countries.

Bottom line: ME buy more time for their oil until US came up with new cheap technology for her Shall reserve which reduce cost for drill till 40$/barrel.

Whats use ? Tide will again turn when price goes behind 80$ ? Its not like americans will forget shale oil once they stop producing it due to cheap oil in market ...There seems to be some better explanation then yours for this low price ..

 

[My-Analogous]

Whats use ? Tide will again turn when price goes behind 80$ ? Its not like americans will forget shale oil once they stop producing it due to cheap oil in market ...There seems to be some better explanation then yours for this low price ..

Only time will tell that i was correct for that. Just wait few months and you will see that