| Latest Forum Topics / SPC |
 Post Reply
|
|
SPC
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Livermore
Master |
10-Jun-2008 23:58
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
WASHINGTON: A Goldman Sachs analyst of Indian-origin who has roiled the world by predicting oil prices as high as $200 a barrel says those levels are unsustainable and prices maybe driven back to $75 or lower in the long term. Arjun Narayan Murti, author of the so-called ''super-spike'' theory has told the journal Barrons that the $150-$200 levels will be a temporary feature, and once high prices start to reduce demand (a more likely scenario than increased supply), the price will start to come down. ''Our view has been that the price will keep going up to the level where it meaningfully reduces demand. This is Economics 101; we need more supply or less demand. And because there are various political and geologic constraints on growing supply, we're left with looking for the price at which demand is reduced,'' Murti, told the Dow Jones' journal. "Our long-term oil forecast looking out 20 years is for crude to fall back to $75 a barrel, or some lower number. The questions are: How long do prices stay high? How sharply do they rise? And do people truly change their behaviour or are they just temporarily driving less? It's an unknown at this point,'' he added. Murti has been pilloried for what some see as alarmist projections that have helped speculators make a killing in the market. The low-key analyst, who typically declines to be interviewed, much less photographed (probably as a security measure), has stuck to his super-spike theory for years before it came to wide-spread public attention. Murti's rare interview to Barrons under the headline ''What Mr Crude Oil Sees Ahead,'' came even as retail gas prices at the pump touched a record nationwide average of $4 in the United States this weekend, sparking off a nationwide anguish. A survey issued last week found that 74% of Americans would change their driving habits if gasoline were to top $4 per gallon. If gasoline prices hit $5 a gallon, 85% of Americans would cut out nonessential driving, consolidate errands, carpool, walk or bike, according to the survey by Ipsos Public Affairs. Even as $4 a gallon (about 3.78 liters), Americans are still paying roughly half of what most Europeans pay and a little less than what Indians pay at the pump. But this gap is narrowing quickly. Experts are predicting gas in the US will hit $ 4.50 a gallon by July 4, and if Murti's dire forecast of $200 a barrel comes through, price at the pump would be $5.75 per gallon. Murti said he is already starting to see a drop in demand in the US, but the demand growth in the non-OECD countries, including China, the Middle East and Asia continues unabated. He is also not sure at what point will there be a sustained change in American consumer behavior. ''So if the price temporarily goes to $4 a gallon but immediately falls back to $3, it's likely that people will keep driving cars with poor gasoline mileage. But if people believe the increase in oil prices is more sustainable, they might shift to taking mass transportation, if available, driving hybrids or taking the other kind of actions that are necessary to reduce demand on a sustained basis,'' Murti, who is said to own two hybrid cars, said. There have been wide-spread reports of Americans cutting back on their driving, shifting to mass transport for their daily commute, and dumping their SUVs for smaller cars or hybrids, but whether it is a sustained trend is still hard to say. Murti cited several reasons for the sustained run-up in oil prices. In the short term, these include further declines in US oil inventories announced on June 4, the announcement of a decline in Russian oil production in May, and recent comments that Mexico expects further meaningful declines in oil production over the rest of this year. Longer term spare capacity throughout the energy complex also seems very limited, whether for Opec crude oil, natural gas or refining, he added |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Blastoff
Elite |
10-Jun-2008 19:23
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
A summary of today.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
AK_Francis
Supreme |
10-Jun-2008 18:20
Yells: "Happy go lucky, cheers." |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
quite confident that this will come true. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
L.....
Veteran |
10-Jun-2008 17:33
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
given the pathetic mkt now, no surprise that liew lian fall further in days to come honestly |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
OneSharer
Veteran |
10-Jun-2008 17:31
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
Today, think other fruits are dropping instead of durian. Maybe thatz a good sign?? If you squat there and hear a sound tomorrow, may not be due to durian dropping. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
idesa168
Elite |
10-Jun-2008 17:25
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
Both of you are also waiting for the luilian to drop? Today no drop, now go lim teh, tomolo squate there again to see if got sound or not.... if tonight DJ LS, tomolo sure rain cats and dogs, then I think lui lian will drop and sell at discount ~ $6.00-$6.10 from the bangali. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Yokozuna
Member |
10-Jun-2008 17:00
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
haha.. this lew lian still dowan to drop ah.. meh meh drop wa..
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
cyjjerry85
Elite |
10-Jun-2008 16:42
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
have u smell the durian yet?
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
idesa168
Elite |
10-Jun-2008 16:21
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
lulian not dropping today.....I squate at the corner but no sound leh! | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
idesa168
Elite |
10-Jun-2008 13:28
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
mmm...I had tried using SPC for a while before I decided to switch back to Mobil.....power and consumption are the 2 main reason I switched back. For some reasons, my full tank SPC fuel can only run 80% of my usual Mobil fuel. Although it's cheaper after the cash discounts SPC was giving, the overall consumption is the same. However, the power of Mobil gave me an edge over the SPC fuel...maybe it's pscychology maybe it's real. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
AK_Francis
Supreme |
10-Jun-2008 12:16
Yells: "Happy go lucky, cheers." |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
monopolizes the fuel market, idea sian??? but SPC kioks are not well scattered around the island leh, very inkanvenient leh. May be SPC share holders only got special discount, on top of the current discount, by showing your latest CDP statement of account to get the perk loh. The more lots you hv, more special will be given leow.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
syrix11
Member |
10-Jun-2008 11:31
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
Let's all buy petrol SPC instead of the other 3 co... This will help to support current SPC share price and also forced the other big 3 to drop petrol price :D | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
AK_Francis
Supreme |
10-Jun-2008 10:39
Yells: "Happy go lucky, cheers." |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
drops a note to All papers telling them the brilliant idea. lagi best stating the advantages ie no traffic jam at Toa Payoh, customs, less pollusion etc. Ha ha. SPC hit lowest 5.37 was in 24 Jan ds yr, may hit around that price before the next interim div announcement with global CO still maintaining high. On the other hand, with such volatile market, ak has less hope for the coy to execute share buying back. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
cyjjerry85
Elite |
10-Jun-2008 10:36
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
wow...this article if really ppl follow hor...tt's great if it works out...petrol prices really too high already... this article wont affect SPC in the near or mid-term future unless this email is really so powerful tt affects the world by storm and ppl listens to it...totally boycott Exxon Mobil and Shell
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
kanglc
Member |
10-Jun-2008 10:21
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
Good news for SPC? ============================================= THIS IS NOT THE 'DON'T BUY' PETROL FOR ONE DAY, BUT IT WILL SHOW YOU HOW CAR OWNERS CAN GET GASOLINE PRICE DOWN TO US$2.00 PER GALLON BY JUST FORWARDING THIS EMAIL TO 10 PEOPLE !!! This idea was written out by a retired Coca Cola Executive. It came from one of his engineer buddies who retired from Halliburton, an oil exploration company in U.S. If you are tired of the gasoline price is going up and up, AND it will continue to rise, take time to read this please.Mr Phillip Hollsworth offered his good idea. This makes MUCH MORE SENSE than the 'don't buy gasoline on a certain day' campaign that was going around last year April or May! It's worth your effort to join the campaign!!!! I heard that price of petrol going to hit close to US$ 4.00 a gallon by next summer, and it might go up higher! YOU want gasoline prices to come down? All we need to do is we must take some intelligent, UNITED ACTION NOW. The oil companies laughed at us on last year 'Don't Buy Petrol For One day Campaign' because they knew we wouldn't continue to 'hurt' ourselves by refusing to buy gasoline. It was more of an inconvenience to us than it was a problem to the oil companies. This time is different, consumers have the power to bring down the price of goods !!! This is a plan that can really work. Please read on and join us! You're probably thinking that gasoline priced at about $2.00/gallon is normal due to oil price has hit all time high of US$120/barrel!!! The oil companies and the OPEC nations have conditioned us to think that the only way for the gasoline price is up, medias reporting brisk car sales in China and India, power hungry nations building more power plants to grow their economy, the growth of dragon(China) and elephant(India) will gobble up most of the world resources; oil reserve going down and depleting in 50 years time, this is how we are being conditioned(brain washed) NOW we need to act together to show them(oil companies and OPEC) that BUYERS can control the marketplace... not sellers.The only way we are going to see the price of gas coming down to a reasonable level is if we hit oil companies' revenue by not buying their products! And, we can do it WITHOUT hurting ourselves.How? Since many of us owned and rely on our cars, we can't just stop buying gasoline!!!! But we CAN have an impact on gas price if we all act together to force a price war among the oil companies!!! Here's the idea: For the rest of this year, DON'T buy gasoline from the two biggest companies, EXXON-MOBIL and SHELL, some car owners being brain washed to use a particular brand of petrol in order to keep their car engines in tip top condition which is not true, any brand will work well for your cars, you can reconfirm this if you have a friend who is a petroleum engineer, If not, just fill up your tank with another brand which you never used before to confirm it. When the oil companies that we are boycotting are not selling any gas for a week, they will be inclined to reduce their prices. If they reduce their prices, the other companies will have to follow suit; o! il compa nies work like a cartel !!!! To have an impact, we need to reach literally millions of Exxon-Mobil and SHELL gas buyers.. In the past, it was an uphill task but now, it's really simple to reach millions even billions of people. Keep reading and I will show you how to do it through the power of internet.I am sending this note to 30 people. If each of us send it to at least ten more (30 x 10 = 300) ... and those 300 send it to at least ten more (300 x10 =3,000)... and so on, by the time the message reaches the sixth group of people, we will have reached over THREE MILLION consumers. If those three million get excited and pass this on to ten friends each, then 30 million people will have been contacted! If it goes one level further, you guessed it.....THREE HUNDRED MILLIONs PEOPLE!!! This 300 millions people just email this to 5 of his/her contacts, we reached 1.5 billions people !!! Are you excited as I am ? all you have to do is send this to 10 people or more if you can, its so simple, isn't it? Just Do it ! OK ???(If you don't understand how we can reach 1500 MILLIONS people and all you have to do is send this to 10 people.How long would all this take? If each of us sends this e-mail out to ten or more people within one day of receipt, all 1500 MILLIONs peopl! e could be contacted within the next 9 days !!!I'll bet you didn't think you and I had so much power, did you! Acting together we can make a difference.If this makes sense to you, please pass this message on. I suggest that we don't buy from EXXON-MOBIL and SHELL UNTIL THEY LOWER THEIR PRICES AND KEEP THEM DOWN. THIS CAN REALLY WORK. Thank you Phillip Hollsworth |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
idesa168
Elite |
10-Jun-2008 09:40
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
Good choice if can get below $6.00. I will be accunulating ard $6.00-$6.10.... and $5.80-$5.90
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
cyjjerry85
Elite |
10-Jun-2008 09:31
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
it still looks on the downtrend...but if really really u wish to buy...probably can queue in the region and wait at around $5.89
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
louislauwm
Member |
10-Jun-2008 09:27
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
when and at what level is good to buy the durian?? px keep dropping...... smell nice | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
AK_Francis
Supreme |
10-Jun-2008 00:42
Yells: "Happy go lucky, cheers." |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
at this moment, below 6 is possible but below 5 could be history leow. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
wycklk
Member |
09-Jun-2008 21:54
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
$5? If below $6 happy le ! | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||