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If anyone wants some info on various institutional outlooks on US energy & commodities market outlooks, there's some pretty exciting testimony being covered live on CSPAN-1.
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Jan 19, 2016 16:36
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| # ¿ May 22, 2024 16:00 |
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Mozi posted:Crude oil is now at $26.26. I'm paying sub-$1.50 for gas Gives me more money for pizza and beer. God bless America
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Jan 20, 2016 19:26
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The_Franz posted:There is an independent station around here at $1.41. For comparison, $0.89/gallon gas in 1999 would be about $1.28 after adjusting for inflation, so it's not quite at 90s prices yet but it's getting really close. The dream of the 90's is alive in Obama's America
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Jan 20, 2016 21:35
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Jerry Manderbilt posted:so why did north dakota's population still grow so much from jul 2014 to jul 2015 It's because Fargo's gentrifying and has a boom'n nightlife scene.
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Jan 21, 2016 01:09
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Zeroisanumber posted:US companies would probably just laugh. No one is going to trust a pack of Oil Sheikhs, the Iranians, and Vlad loving Putin to hold to a deal. Yet Obama trusts them to hold to their word on nuclear weapons! RuanGacho posted:Has there been any study on what happens to the petrol states if say, the price remains low enough for long enough or we pass peak oil consumption and they can never again feed their lifestyles on highly subsidised internal consumption? Yes, I believe its called the history of Somalia.
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Jan 30, 2016 21:02
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Another thing to consider in this thread: the oil of the Great Lakes. As cheap as Saudi oil to extract, and more of it than the Sauds have proven. So loving much oil in Uganda, DRC, Tanzania, Kenya, Rwanda, its so loving rediculous.
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Jan 30, 2016 21:10
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LemonDrizzle posted:The Economist has made a cool little doodad showing how the profitability of different countries' reserves depend on the oil price: http://www.economist.com/blogs/graphicdetail/2016/01/daily-chart-6?fsrc=scn/tw_ec/adjusting_the_taps_on_oil_price The thing to keep in mind is that only in free-market economies with democratic institutions will unviable capacity be allowed to be taken off the market. This is why free and democratic institutions which are free and fair for whomever is a stakeholder are important: it allows your nation to lay off millions without facing an insurgency or civil war.
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Feb 1, 2016 00:55
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MikeCrotch posted:Well it might not have been a 'civil war' but Weimar Germany seems to disprove your theory Weimar Germany, a historical state with a reputation for stability and a good ending.
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Feb 1, 2016 16:28
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Gas going for under $1.50, I've never seen it so cheap in my life. How low can it feasibly go?
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Feb 17, 2016 03:14
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Cicero posted:And right now it's around $1.70. So, fairly close. I can go onto the rez and fill up tax-free for $1.40~ some a gallon. I've never seen gas so cheap in my life; thank god mileage reimbursement rates aren't adjusted on a frequent basis.
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Feb 17, 2016 07:17
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There's an EIA presentation on CSPAN 1 right now about future projected demand and supply growth in the world liquids supply. EIA still projects 1.5-2 million barrels per day demand growth year-over-year for 2016 and 2017. Not sure how firm that projection is, nor is EIA.
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Feb 17, 2016 16:52
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| # ¿ May 22, 2024 16:00 |
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Analyst forecast: $30 = single-digit profitability for rigs, $35 = double-digit profitability for rigs If prices go up, wells will be drilled. What is likely to be seen for the next decade is for prices to be within a trading band between $30-$40, assuming 1.5-2 million barrel per day demand increase year over year. If demand increases are lower than projected, price band could be lower than forecast.
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Feb 17, 2016 17:16
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