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Black gold

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    Black gold

    Looks like $40/barrel will get breached. How low can it go?

    http://m.nasdaq.com/markets/crude-oi...?timeframe=10y
    http://www.cih.org/news-article/disp...housing_market

    #2


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      #3
      Heating oil was 60p a litre 2 yrs ago, now 30p ish
      Last edited by ZARDOZ; 21 August 2015, 13:15.

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        #4
        It won't go much lower as I have no need to fill my oil tank yet. Rest assured that the day after I refill it the price will plummet. As usual.

        I'll let you know when I plan to place an order so you can short oil.

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          #5
          Originally posted by PurpleGorilla View Post
          Looks like $40/barrel will get breached. How low can it go?

          Oil Price: Latest Price & Chart for Crude Oil - NASDAQ.com
          Well, if it follows the market for electricity due to subsidies to pay for wind farms....

          https://www.searchforenergy.com/blog...ricity-prices/

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            #6
            Isn't this about OPEC trying to bust the shale gas industry in the US?

            http://www.theguardian.com/environme...ackings-future
            Last edited by ZARDOZ; 21 August 2015, 13:19.

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              #7
              Yet unleaded won't get below 110p/litre any time soon.
              The greatest trick the devil ever pulled was convincing the world that he didn't exist

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                #8
                Originally posted by LondonManc View Post
                Yet unleaded won't get below 110p/litre any time soon.
                Because it's tax on tax on tax. Blame our Government

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                  #9
                  Originally posted by LondonManc View Post
                  Yet unleaded won't get below 110p/litre any time soon.


                  Oil could be free and you'll still be handing over a fortune at the pumps.

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                    #10
                    A mate of mine on contract with KBR (oil and gas) got his one week notice today. He's got his fingers crossed the oil price bounces back pretty soon, otherwise his wife's gonna be all over him (in more ways than one).

                    I can feel it in me loins that the Saudis are going to taper back production pretty soon.

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