Oil at $20 a Barrel?

12 Comments on "Oil at $20 a Barrel?"

makati1 on Mon, 11th Jan 2016 8:07 pm 



Why stop at $20? $10 is a nice number also. Go for it! It will be interesting to watch the results unfold. LOL

q on Tue, 12th Jan 2016 4:39 am 



makati1: Why not. Reuters today: “StanChart took the most bearish view, saying prices could drop as low as $10 a barrel.” Maybe we will have soon oil for free. 🙂

JuanP on Tue, 12th Jan 2016 6:13 am 



Brent crude falling, https://www.rt.com/business/328595-brent-crude-oil-falling/

makati1 on Tue, 12th Jan 2016 7:27 am 



q, maybe they will even pay us to use it? ^_^

q on Tue, 12th Jan 2016 7:36 am 



makati1: In times of negative interest rates quite possible.

Davy on Tue, 12th Jan 2016 8:54 am 



Low oil prices with dollar scarcities in EM oil countries is becoming front page news as predicted.

“Nigerian Currency Collapses After Central Bank Halts Dollar Sales To Stall “Hyperinflation Monster”

http://www.zerohedge.com/news/2016-01-12/nigerian-currency-collapses-after-central-bank-halts-dollar-sales-stall-hyperinflati

“For now Africa has avoided the “hyperinflation monster”, the result of an all too predictable scarcity of dollars, however the countdown is on and with every passing day that oil prices do not rebound, the inevitability of a full-on continental currency collapse, with hyperinflation and social unrest to follow, becomes increasingly more likely.”…… “Worse, Africa is just the start: while the manifestations will differ, the mechanics of the dollar shortage, which we recently quantified in the trillions of dollars, are universal, and should the Fed’s rate divergence path with the rest of the world continue pushing the USD ever higher, soon this USD-shortage will escape the confines of the world’s poorest continent and make landfall somewhere where it will be far more difficult to ignore the adverse consequences of the global commodity collapse and the Fed’s monetary policy.”

“And then there is this…..*NIGERIA’S STATE OIL CO. PLANS FIRST IPO IN 2 YEARS: MINISTER”
“Well if Aramco can do it!!??”

Kenz300 on Tue, 12th Jan 2016 9:57 am 



High cost producers are all going broke…..

There are safer, cleaner and cheaper ways to provide energy.

70 More Earthquakes Hit Oklahoma, Averaging Nearly Three a Day in 2015

http://ecowatch.com/2016/01/11/fracking-earthquakes-oklahoma/?utm_source=EcoWatch+List&utm_campaign=1fd6621515-Top_News_1_11_2016&utm_medium=email&utm_term=0_49c7d43dc9-1fd6621515-86023917

Top 10 Clean Energy Events and Actions in 2015: A Retrospect

http://www.renewableenergyworld.com/articles/2016/01/top-10-clean-energy-events-and-actions-in-2015-a-retrospect.html

6 Charts that Will Make You Optimistic About America’s Clean Energy Future

http://energy.gov/articles/6-charts-will-make-you-optimistic-about-america-s-clean-energy-future
Renewables to Overtake Coal as World’s Largest Power Source, Says IEA
https://ecowatch.com/2015/11/10/renewables-to-overtake-coal/

Nony on Tue, 12th Jan 2016 10:19 am 



The people they interview on financial TV are such nitwits. For example:

“If the dollar goes up 5%, the price of oil will drop 15-20%.”

Uh, no. It will drop by 1-(1/1.05). Which is 4.8%.

bug on Tue, 12th Jan 2016 10:46 am 



Non, they interview Harold hamm on cnbc, is he a nitwit or brilliant?

Nony on Tue, 12th Jan 2016 12:26 pm 



In between. He makes some wrong calls on oil, but has some insights on other things when they let him talk. The problem is the people interviewing him don’t know how to draw him out and discuss things because they are ignorant of economics and are just trying to blather and fill air time with a little fluff.

bug on Tue, 12th Jan 2016 2:11 pm 



All tv and the interviews on it are fluff,
His ex wife is brilliant.

James Tipper on Tue, 12th Jan 2016 6:56 pm 



@makati

It’s much better than the, “oil will be $100 in no time!” articles. lol