logo transparent gif
top_white_spacer
Home Latest Stock Forum Topics MyCorner - Personal Stocks Porfolio Stock Lists Forex Investor Insights Investment News Investor Research & Links Dynamic Stock Charting FREE Registration About Us top spacer top spacer
 User Password Auto-Login
Enter Stock
 
righttip
branding

Back
First   < Newer   81-100 of 303   Older>   Last  
Latest Forum Topics / Others  Post Reply
Oil Price
Livermore
Master
27-Nov-2008 07:42     
 
Livermore About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin

You are right. US has a lot of oil which I think is in Alaska and still untapped. There may be a strategic reason behind it. Brazil new oil find is known already   



cashiertan      ( Date: 27-Nov-2008 00:30) Posted:



USA has one of the biggest oil sand deposit (not tapped) guess they saving for future. Next Brazil found another big oil field. off-shore. Also by shifting the car driven by gasoline to alcohol based (like brazil) and battery based should cut the demand of oil by abt 30%.

The truth is this world is rigged by the big big companies. we should be well ahead in technology which requires less or no fossil fuel but was sarbotaged/kiiled by the big oil.

  Oil price should be near bottom or bottomed. cutting supply will drive the price out after the OPEC rigged their o/p to below demand.
 Useful To Me  Not Useful To Me
cashiertan
Elite
27-Nov-2008 00:30     
 
cashiertan About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin

USA has one of the biggest oil sand deposit (not tapped) guess they saving for future. Next Brazil found another big oil field. off-shore. Also by shifting the car driven by gasoline to alcohol based (like brazil) and battery based should cut the demand of oil by abt 30%.

The truth is this world is rigged by the big big companies. we should be well ahead in technology which requires less or no fossil fuel but was sarbotaged/kiiled by the big oil.

  Oil price should be near bottom or bottomed. cutting supply will drive the price out after the OPEC rigged their o/p to below demand.
 Useful To Me  Not Useful To Me


Livermore
Master
26-Nov-2008 22:51     
 
Livermore About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin

As some of you might be aware the IEA director Mr Tanaka is in Singapore today on a conference. If you had just watched the interview with him on Channel News Asia 5 minutes ago, you would realise how serious the energy crisis could very well be in the future. Mr Tanaka already said the next energy crisis is going to be worse if we don't keep up with the investments in the energy crisis.

In my view , the energy crisis is likely to come  
 Useful To Me  Not Useful To Me
Livermore
Master
25-Nov-2008 22:01     
 
Livermore About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin

Next round for the oil price increase, my guess is it could be worse. 6 years ago and now, situations ares different.

People keep telling me cash is king. Some might not realise when economies eventually recover and inflation goes up, what savings you have he value is slowly being eroded to some extent. It will be high growth but high inflation
 Useful To Me  Not Useful To Me
baseerahmed
Master
25-Nov-2008 21:36     
 
baseerahmed About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin

a simplistic view ... putting this and that together ... so we are now getting a second chance , like all others , to ride from about $50 to all the way to $150 and beyond ... ?

 

 
 Useful To Me  Not Useful To Me


Livermore
Master
25-Nov-2008 21:04     
 
Livermore About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin
Business Times 25 November, 2008.
Oil and gas - look beyond the short-term pessimism

There're reasons to believe supply and demand positions will remain tight in the long run

By SANJEEV GUPTA

Email this article
Print article
Feedback
 
Regardless of the financial crisis, the world's population is expected to continue to grow, and more so in non-OECD and emerging economies. Although the International Monetary Fund has revised the overall growth domestic product (GDP) growth forecast downwards, the overall GDP is likely to hover around 4.2 per cent, with the emerging economies averaging an expected growth rate of 5.7 per cent.
Consumption of energy is poised to increase. The rising demand for energy sources continues to grow.
Currently, the world relies on fossil fuels for approximately 80 per cent of its energy demands, of which oil constitutes around 35 per cent. By 2030, renewable energy sources are likely to increase in contribution - but only marginally. The world will still rely on oil for potentially 25 per cent of its energy demands.
 
However, an analysis of the supply end shows that there is a projected decline in output by the world's existing oilfields. Over the years, Opec countries have been keeping up with the increasing pace of energy demands. Going into the future, their spare capacity will be limited.
 
Meanwhile, there is low incremental growth in oil supply by non-Opec countries due to a variety of reasons, including project delays, cost overruns and no major discoveries.
 
There are enough reasons to believe that the global supply and demand positions of the sector will remain tight in the long run, hence keeping business opportunities alive and the balance of oil prices in check.
 
So while it is difficult to be optimistic given the current financial perils, the strong fundamentals of the oil and gas sector can offer some level of comfort and assurance
 Useful To Me  Not Useful To Me
AK_Francis
Supreme
21-Nov-2008 10:46     
 
AK_Francis About Contact  Quote this Post! Style: Fundamental   Mood: cool
Yells: "Happy go lucky, cheers."
  x 0
  x 0

 Alert Admin

CO now lelong. Presumes some rich n non CO producing countries had started to acc CO

to top up their reserve, for future use liao.

Ha ha , SPC can now do the above but may not hv enough space. But can outsource Chmoil F83.

A win win situation mah.
 Useful To Me  Not Useful To Me
Livermore
Master
21-Nov-2008 07:43     
 
Livermore About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		I don't really know how much oil Middle East countries have in reserves for the future. But what I do know from my sources, is they are releasing less of their crude oil out for sale.

Andrew      ( Date: 21-Nov-2008 00:21) Posted:



When oil price touch 100, many people started to switch to Hybrid, CNG or simply low CC car.

Beside, pple travel less, their new more efficient car also cause the oil consumption to drop.  Imagine, moving from a 3liter car to 1.5liter, there is a lot of saving on fuel.

Secondly, many econmist said our world enconmy will not work if oil is more than 60.  They got wacked as the super spike has clouded our view.

Story like oil peak simply giving an impression that the world will be out of oil in 20 or less years time.  Those Arab said there is 150 years of oil reserve and no one seems to believe them as oil cross 100.

All along we are being played by those hegde fund....For now, oil peak has been become oil pig.

The aftermath :

Transport company bought a lot of oil future contract to shield them from the rising price and these contract has become worthless.  Expect to see some write off from these type of companies.

Screw the world with high inflation and when the music stop, we are going to get a serious deflation.

Screw GM, Ford and Chryter because big car are good. For what you know, GM has only 1 model of 1000CC car.  People still like car in US but must be fuel efficient and GM and Ford say they will roll out 1500C new car in 2010.....too late. Add the credit crisis, they are really circling the drain.

Screw oil alternative producer to invest big money to produce more of these product like Bio-diesel, with 49USD oil, the question now is if it is still viable to do that ??

The list go on and on.....all levels, all sectors.

 

 

 
 Useful To Me  Not Useful To Me


baseerahmed
Master
21-Nov-2008 00:24     
 
baseerahmed About Contact  Quote this Post!  
  x 1
  x 0

 Alert Admin

Oil prices slump under $50 per barrel



LONDON (AFP) - - Oil prices tumbled under 50 dollars a barrel in London and New York on Thursday as the crude market was plagued by weak energy demand, traders said.

In New York, light sweet crude for delivery in December dived to 49.91 dollars a barrel -- the lowest level since January 18, 2007.

Brent North Sea crude for delivery in January tumbled to 48.20 dollars a barrel -- last reached on May 24, 2005. The contract had closed on Wednesday at 51.72 dollars.

Prices went on to recover slightly, with New York oil at 50.98 dollars and Brent at 49.27 dollars.

Crude oil prices have plunged almost two-thirds since striking record highs above 147 dollars in July as a global economic slowdown dents world energy demand.

"The recent fall in prices largely reflects concern that OPEC is unwilling to make the oil output adjustments necessary to compensate for weakening oil demand," said Dresdner Kleinwort analyst Gareth Lewis-Davies.

On Monday, the Organization of the Petroleum Exporting Countries (OPEC), whose members produce 40 percent of the world's oil, said it was ready to intervene on a regular basis to help prop up prices.

But analysts doubt whether OPEC was even fully carrying out a promise to reduce production by 1.5 million barrels of oil per day from November 1.

The latest weekly US Department of Energy (DoE) report on energy stockpiles had Wednesday showed a sharp drop in fuel demand across the United States, the world's biggest oil consuming nation.

Crude futures are likely to drop further to 43 or 44 dollars a barrel before rebounding along with the global economy next year, CFC Seymour Securities said in a report published on Wednesday.

The London-based Centre for Global Energy Studies (CGES) on Tuesday forecast a contraction in global demand for the first time in 25 years amid a severe global economic slowdown.

Meanwhile on Thursday, traders shrugged off news that US oil group Chevron had suspended export contracts on much of its Nigerian production after a militant attack on a key pipeline.

Chevron said it was declaring "force majeure" until December 31 following the attack last Friday on the pipeline which carries supplies to its Escravos terminal in the Niger Delta.

The measure exempts a party from liability for failing to meet commitments due to circumstances beyond its control.

A company spokesman in Lagos on Thursday said that about 90,000 barrels of oil a day had been affected.

Militant attacks on oil pipelines, other facilities and workers since January 2006 have slashed Nigeria's daily production from about 2.6 million barrels to about two million now.

 

 
 Useful To Me  Not Useful To Me
Andrew
Master
21-Nov-2008 00:21     
 
Andrew About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin

When oil price touch 100, many people started to switch to Hybrid, CNG or simply low CC car.

Beside, pple travel less, their new more efficient car also cause the oil consumption to drop.  Imagine, moving from a 3liter car to 1.5liter, there is a lot of saving on fuel.

Secondly, many econmist said our world enconmy will not work if oil is more than 60.  They got wacked as the super spike has clouded our view.

Story like oil peak simply giving an impression that the world will be out of oil in 20 or less years time.  Those Arab said there is 150 years of oil reserve and no one seems to believe them as oil cross 100.

All along we are being played by those hegde fund....For now, oil peak has been become oil pig.

The aftermath :

Transport company bought a lot of oil future contract to shield them from the rising price and these contract has become worthless.  Expect to see some write off from these type of companies.

Screw the world with high inflation and when the music stop, we are going to get a serious deflation.

Screw GM, Ford and Chryter because big car are good. For what you know, GM has only 1 model of 1000CC car.  People still like car in US but must be fuel efficient and GM and Ford say they will roll out 1500C new car in 2010.....too late. Add the credit crisis, they are really circling the drain.

Screw oil alternative producer to invest big money to produce more of these product like Bio-diesel, with 49USD oil, the question now is if it is still viable to do that ??

The list go on and on.....all levels, all sectors.

 

 

 
 Useful To Me  Not Useful To Me
Livermore
Master
20-Nov-2008 19:56     
 
Livermore About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin
Busines Times 14 November, 2008 - IEA Warns of Impending Energy Crunch
Risk of new energy crisis if investment pullback continues
 
It will require more than a trillion dollars in annual investments to find new fossil fuels for the next two decades to avoid an energy crisis, the International Energy Agency warned.
 
The warning from the agency comes at a time when major oil companies are pulling back investments during one of the most severe economic downturns in a generation.
 
While the situaion facing the world is critical, it is vital we keep our eye on the medium to long term target of a sutainable energy future,"IEA executive director Nobuo Tanaka said at the release of its annual World Energy Outlook report in London.
 
There was not enough production even when we were in triple digit oil markets over the summer and there's going to be a lot of pressure on the system when economies recover.
 
The IEA expects demand for oil to rise from 85 million barrels a day currently to 106 million barrels per day in 2030. It hiked its forecast for the price of a barrel of oil in 2030 to jus over US$200 in nominal terms, compared to its forecast last year of US$108 a barrel.  
 Useful To Me  Not Useful To Me
teeth53
Supreme
20-Nov-2008 16:28     
 
teeth53 About Contact  Quote this Post! Style: Flexible   Mood: happy
Yells: "don't learn through life, learn to grow with life "
  x 0
  x 0

 Alert Admin

COE car for 1,600 cc, fall to $2/-, can imagine lohh, i actually expected such fall also for big car coming..., why so?. everyone will be hit hard by coming 1st Q 2009. consumer confident is waning and everyone is not spending, it happened liao in US as oil reserve more then double causing oil px to fall to......OIL  0.77  -1.42%  $53.62 and DOW.....Dow plunges below 8,000 http://money.cnn.com/
 Useful To Me  Not Useful To Me


lookcc
Master
18-Nov-2008 20:52     
 
lookcc About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		is it not futile talking against falling oil price???
 Useful To Me  Not Useful To Me
teeth53
Supreme
18-Nov-2008 17:50     
 
teeth53 About Contact  Quote this Post! Style: Flexible   Mood: happy
Yells: "don't learn through life, learn to grow with life "
  x 0
  x 0

 Alert Admin 		Just a following up......SINGAPORE: In Singapore, pump prices are down again.
Petrol stations across the island have lowered prices by five Singapore cents per litre for petrol and six cents per litre for diesel.
This comes as global crude oil prices continue their downward slide.
Shell led the way by reducing prices at 11 am, followed by ExxonMobil and Caltex at noon, and SPC at 12.30 pm.
Premium 95 grade now stands at S$1.636 a litre, while the price of diesel is reduced to S$1.373.
Tuesday's decrease in prices marks the 12th consecutive drop since July this year.


teeth53      ( Date: 04-Nov-2008 09:29) Posted:



http://www.channelnewsasia.com/stories/singaporelocalnews/view/387349/1/.html

Oil px fall, float at US$69, oil pump fall by another 5cents yesterday at Caltex, ExxonMobil and Singapore Petroleum Company (SPC) stations were lowered a further 5 cents per litre on Monday.

This came as global crude oil prices continued their downward slide.
ExxonMobil led the way by reducing prices at noon, followed by SPC and Caltex at 1pm.
Premium 95 grade now stands at S$1.746 a litre, while the price of diesel is reduced to S$1.503.
Petrol prices have been adjusted across all service stations for the three brands.
This is the 11th consecutive drop in pump prices since July.
.
 Useful To Me  Not Useful To Me
Livermore
Master
15-Nov-2008 11:02     
 
Livermore About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		To prevent a major problem from escalating, one foresees and takes appropriate action. Taking action when you see the problem in a big scale is too late. You cannot wake up the next morning and say you want renewable energy. In some ways it is quite similar sometimes to how nations and people are. When a problem arise, some just their own sweet time, be in self denial and think the problem will take care of itself. Then when problem surface in a big way, you fire fight and try to do damage control. Just like what we are seeing now in the global credit crisis. People were giving warning much earlier but most just chose to ignore.
 Useful To Me  Not Useful To Me
Livermore
Master
15-Nov-2008 10:55     
 
Livermore About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		All these new oil fields the IEA is already aware and taken into account. It is old news.

teeth53      ( Date: 15-Nov-2008 09:48) Posted:

just an alternated view from web site

  • Massive oil field<br> found under Gulf

    5 Sep 2006 ... Massive oil field found under Gulf Reserves south of New Orleans could rival North Slope, boosting U.S. supplies by 50% ...
    www.worldnetdaily.com/news/article.asp?ARTICLE_ID=51837 - 32k - Cached - Similar pages

  • BBC NEWS | Americas | 'Huge' gas field found off Brazil

    22 Jan 2008 ... A massive natural gas field is found off Rio de Janeiro's coastline, Brazil's state-controlled oil company says.
    news.bbc.co.uk/2/hi/americas/7201744.stm - 53k - Cached - Similar pages

  • Brazil thinks it has found massive oil field - Oil & energy- msnbc.com

    14 Apr 2008 ... A deep-water area could contain as much as 33 billion barrels of oil, an amount that would nearly triple Brazil's reserves, a top oil ...
    www.msnbc.msn.com/id/24114460/ - 48k - Cached - Similar pages


    • teeth53      ( Date: 15-Nov-2008 09:45) Posted:

    two decade down the road or 20 more years...Ya, world lead comsumer state could lead into new renewal alternative resources, be it nuclear, wind, gas water or carbon, world state leader to worry over that.....Who know what can happen to us tomorr
     Useful To Me  Not Useful To Me
    teeth53
    Supreme
    		15-Nov-2008 09:48     
     
    teeth53 About Contact  Quote this Post! Style: Flexible   Mood: happy
    Yells: "don't learn through life, learn to grow with life "
      x 0
      x 0

     Alert Admin

    just an alternated view from web site

  • Massive oil field<br> found under Gulf

    5 Sep 2006 ... Massive oil field found under Gulf Reserves south of New Orleans could rival North Slope, boosting U.S. supplies by 50% ...
    www.worldnetdaily.com/news/article.asp?ARTICLE_ID=51837 - 32k - Cached - Similar pages

  • BBC NEWS | Americas | 'Huge' gas field found off Brazil

    22 Jan 2008 ... A massive natural gas field is found off Rio de Janeiro's coastline, Brazil's state-controlled oil company says.
    news.bbc.co.uk/2/hi/americas/7201744.stm - 53k - Cached - Similar pages

  • Brazil thinks it has found massive oil field - Oil & energy- msnbc.com

    14 Apr 2008 ... A deep-water area could contain as much as 33 billion barrels of oil, an amount that would nearly triple Brazil's reserves, a top oil ...
    www.msnbc.msn.com/id/24114460/ - 48k - Cached - Similar pages


    • teeth53      ( Date: 15-Nov-2008 09:45) Posted:

    two decade down the road or 20 more years...Ya, world lead comsumer state could lead into new renewal alternative resources, be it nuclear, wind, gas water or carbon, world state leader to worry over that.....Who know what can happen to us tomorro

    teeth53      ( Date: 14-Nov-2008 20:54) Posted:

    Just sharing my tot, it can be a short term blessing for several years to come as less demand for good and services, less oil is use as global prolong into recession, starting with US, Japan year end German & EU next year, S.E.A, near zero growth, China 4-5% from 8-10% growth
     Useful To Me  Not Useful To Me
    teeth53
    Supreme
    		15-Nov-2008 09:45     
     
    teeth53 About Contact  Quote this Post! Style: Flexible   Mood: happy
    Yells: "don't learn through life, learn to grow with life "
      x 0
      x 0

     Alert Admin     		two decade down the road or 20 more years...Ya, world lead comsumer state could lead into new renewal alternative resources, be it nuclear, wind, gas water or carbon, world state leader to worry over that.....Who know what can happen to us tomorro

    teeth53      ( Date: 14-Nov-2008 20:54) Posted:

    Just sharing my tot, it can be a short term blessing for several years to come as less demand for good and services, less oil is use as global prolong into recession, starting with US, Japan year end German & EU next year, S.E.A, near zero growth, China 4-5% from 8-10% growth
     Useful To Me  Not Useful To Me
    Livermore
    Master
    		15-Nov-2008 08:17     
     
    Livermore About Contact  Quote this Post!  
      x 0
      x 0

     Alert Admin     		For the first time, the IEA included in its analysis a study of the depletion rates of the world's top 800 oil fields.Against such high decline rates-up from a generally accepted 4.5% estimate only a year ago-the agency calculates that the world will need to add a whopping 64 million barrels per day (mbpd) of new capacity between 2007 and 2030 in order to meet an anticipated demand growing at 1.6% per year.The report goes on to say if the does not add 30 mbpd of new capacity by 2015-equivalent to three new Saudi Arabias-it "will cause an oil-supply crunch" by 2030.The super-majors have been struggling to replace their proven reserves and expand production, while the share of their cash earnings that is returned to shareholders has been growing."

    In order to accomplish all this, the IEA projects that the world will need to spend $26 trillion by 2030, or over $1 trillion per year. Of that, over $13 "goes simply to maintain the current level of supply capacity" because so much of the world's energy infrastructure will need to be replaced by then. As Matthew Simmons, an oil expert, has often noted, most of the existing worldwide oil industry infrastructure is literally rusting away.

     Useful To Me  Not Useful To Me
    Livermore
    Master
    		15-Nov-2008 08:09     
     
    Livermore About Contact  Quote this Post!  
      x 0
      x 0

     Alert Admin     		As you have probably read, our nation is even contemplating nuclear energy as a option and going heavily into renewable energy. Singapore knows that day will eventually come

    lookcc      ( Date: 15-Nov-2008 00:31) Posted:

    the key word is  could lead.........not will lead.

     Useful To Me  Not Useful To Me
                                                             First   < Newer   81-100 of 303   Older>   Last  



    ShareJunction Version: 27 Nov 2020 ver- All Rights Reserved. Copyright ShareJunction Pte. Ltd. Disclaimer: All prices from are delayed. ShareJunction does not provide you with any financial advice. We are not into the business of providing any investment advice. See our Terms and Conditions and Privacy Policy of using this website. Data is delayed for varying periods of time depending on the exchange, but for at least 15 minutes. Copyright © SIX Financial Information Ltd. and its licensors. All Rights reserved. Further distribution and use by third parties prohibited. SIX Financial Information and its licensors make no warranty for information displayed and accept no liability for data and prices. SIX Financial Information reserves the right to adapt and/or alter this website at any time without prior notice.

    Web design by FoundationFlux. Hosted with Signetique Cloud.