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4 Comments
Two Explanations for Surging Oil Prices
But let me first ask this question......how many of u fellas are americans? how many of u guys actually works in the sector (Oil and gas) ? .
It really shocks me when i see americans discussing about issues so straight forward and they either pretend they dont know or just choose to ignore the facts....... how many of those guys that have made comments on peak oil coming are actually suffering from the drammatic increase in crude prices? the last time i checked they have all benefitted from it....and its only rational for them to sell their interest (Human Nature).... if i may..........how many people in the texas elite went bankrupt after the first oil boom that ended in the 80's, how many of them are friends to your president(Bush) and cheney/
Dont get me wrong ........am not saying the waste should continue....i remember we use to get really angry in the late 90's knowing you guys pay less to fill your SUV's than us in the middle east. but the truth is this ......the way you guys allow people to run your country based on personal interest has a lot to do with what is happening............w... do you expect people like Mathew Simmons to say.....tell his IB clients tht oil is abundant ......this guys earns there money based on the dollar value of the transaction......try read less into what this guys say...am not saying they are completely wrong but remeber objectivity is one of the most difficult things to acheive in life.
Oil Price Predictions and Break-Even Prices
You welcome.
Let me sum it up this way even the insiders, by that i mean people making their daily bread from the sector , do not understand the basis for oil trading at this prices!!!! but who am i to comment on this considering the higher an longer it stays here the better for me (i get salary and bonus increase every year and occasionaly i keep my boss on his foot by threatening to leave) although at the back of my mind i definitely know the end of this is not going to be funny.
Oil Price Predictions and Break-Even Prices
Break even prices might have more to do with ur fixed cost, in oil and gas business ur capex
Oil Price Predictions and Break-Even Prices
Like i said if breakeven prices are these high, then we in for a really tough time. imagine this, if breakeven prices are that high why will most of these compainies report that huge profit even with their dwindling production growth rate.
The concept of breakeven prices as i understand might have much to do with ur variable cost, which in this sector has to d with ur recoverable reserves so maybe it is not the best practice to judge things based on break even prices in this sector.