Originally posted by Tensai
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Oil - How low can it go?
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AEP calls bottom of market by predicting further collapse
No end to oil rout as Saudi Arabia plays tough - Telegraph
FTSE 100 opens sharply higher as oil prices rebound - live - TelegraphComment
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Originally posted by Troll View PostWith Diesel and Petrol now below £1 @ litre it's a certainty that the Fuel duty will be raised in the next budget
So expect even more meddling, based on purchase price and emissions, so low emissions cars that cost a few bob pay high road tax.
I wish the govt would just FOAD.Comment
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How low?
How about paid to take oil.
Oil Sold for -$0.50 per Barrel. A Negative Price! | OilPrice.comComment
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I've just bought 1000 litres of heating oil & I was absolutely gobsmacked when the agent on the phone told me the price - £278!
It used to be the case that I'd have to steel myself with a stiff drink and make sure I was sitting down before making the call to the oil depot because, not even 2 years ago, I was paying £345 for half that amount.
What's not to like about low oil prices! Wouldn't mind betting this is doing wonders for the oil fired aga market.Comment
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Originally posted by seanraaron View PostSurely if they were hurting price-wise they'd close the taps a bit to try to increase it? Of course with the Iran embargo ending that might not matter, but I can't imagine the Saudis aren't contributing a significant amount of the world's oil still.Comment
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Originally posted by seanraaron View PostHence why the status quo must suit them for some reason. Analysis I've read suggested it was short term pain in exhange for trying to put competitors out of business. It's all fun and games until the wells run dry anyway. Do the gulf states have a plan b for that?Comment
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Not normally a fan of AEP, but since this mainly consists of quotes from people that know what they're talking about...Comment
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$20 is probably the bottom, can't see it going lower than that.Comment
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Once Iran start pumping oil will be 15-25 range, high volatility.
Remember, you've heard it on here first...Comment
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