microdol

Crude Reality: How Long Can Oil Stay Down?

But ZEP didn't suggest what particular stocks he likes.
I always love to hear opinions.


On Jan 15 08:37 PM A Peak Oil Believer wrote:

> ZepDallas just took three lines to say everything
> Forget the rest of these rambling dissertations!

Crude Reality: How Long Can Oil Stay Down?

Yeah, I'm not buying the $60/bbl to produce either, yes, costs have gone up, but so has the efficiency. Oil is one thing, but I put oil SANDS in another category, I think 'oil' is closer to $15/bbl as far as the break point for profit vs. loss.Oil Sands I am no expert on whatsoever.

Maybe they price into it the CEO/Exec's 50 Million dollar salaries ?




On Jan 14 08:55 AM maxe wrote:

> I agree holehartedly with your story. I never bought this "but it
> costs $60 to produce" story. I mean have you ever met a poor oil
> executive?
>
> The fact that people are buying at this price and selling one year
> out contracts, then storing it on supertankers means there is going
> to be a massive oversupply for at least a year.
>
> Until China and India show signs of stabalising, and grow again,
> i see no light at the end of the tunnel.

World Oil Supplies Declining Faster Than Expected - IEA

I think this info is a bunch of hot air right now.

Yeah, maybe in 10 years, but not today.

Is oil a great investment today ? At these prices, probably, but I resent folks that plaster doom and gloom all over the place - where were these folks 30-60 days ago ? Are you telling me just now, TODAY, we are discovering this ?
Doubtful.

Why has oil dropped in price BY HALF from what it was a few months ago, if the oil world is in such dire straits ??????? If it was in such a mess, it would not have dropped by half. Maybe 15%, given the world economy, but not by half.