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Crude Oil Future Drop Below $69 a Barrel , and

Today's Edition: Beat the Market

20 Rules for Investment Success Investor's Business Daily

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When oil px was @ USD30/b no one would believe that it could hit USD70/b and that was about 3 years ago i think. So now oil px is trading appxm USD75/b and USD100/b is not impossible.

There is nothing you could do (especially S'pore). So...the best solution is prepared for the worst and have the best! Cheers!!!!!!!!!!!!

 

This a double edged sword and will cause oil pricess to be unstable possible solutions is both must have a win win or even a bigger win for Iran with a face giving solutions to all concerns party and through UN.

 

Iran warns of oil price hike if sanctions imposed (CNA News Headline) Quote

"Sanctions on Iran and a sudden rise in global oil prices would hurt the economies of the large oil consuming nations," Deputy Foreign Minister Ali Reza Sheikh-Attar was quoted as saying by Iranian news agencies.

Don't know in turn if sanctions is imposed on Iran, will he...just wondering how Iran is to receive their oil $$$ to finance their proxy and to continue to foot their interest on..., in turn make it a unstable.... 
I think it benefit more other oil producing countries like Indo.., Mala.., Vene.. Sadi... Kewi..,Neig.. EU..even Chnia and so on...

 

I agree with ?singaporegal? attitude: Who cares...

Allow me to add on that. Believe it or not, 2010 may also be another DOOMSDAY, where they remake best selling all new OMEN in Hollywood and it is better off hiding in a cave.

This oil report is academically positive with distinction because they provided statistics and the oil giants firefighting strategy (Though operating or producing at optimum capacity with minimum waste capacity but could not find it profitable for expansion at that point of time).

The oil giants could not have predicted a dramatic change in political situation like one country two systems until it happened.

In my opinion, they say diamonds are forever and the risk of diminishing energy supplies like oil is real and runs out over time, say a future outlook for next 10 or 20 years more may also be a golden opportunity for retirement funds. It is difficult to say how l?..ong is a long term investment or how short is a short because we have become globally connected and no longer belong to the age where we only depend on a phone call to execute a trade.

Say if you play short term, beware of hurricanes whacking U.S. oil platforms this coming season, some analysts may come up with good oil stocks buy.

 

thanks Livermore!

2010.... that's 3.5 years away. gee...

 

Business Times 2 Sept 06

Low oil prices during the 1990s and operating rates of about 75-85% meant there was little incentive to build new refining capacity. Increased economic activity in recent years resulted in some refineries, particularly in the US, operating at 95% capacity which meant that there was limited flexibility to absorb the impact of events such as Hurricane Katrina. This high operating rate stimulated a call for the construction of new refineries.

From global capacity of 83 million barrels per day (mbd) in 2004, the Interbnational Energy Agency estimated that capacity needed to be increased to about 93 mbd by 2010 and to 118 million bpd by 2030 in order to bring the industry back to a more comfortable 85% utilisation level. A recent report by the IEA suggests that 11.7 mbd of new capacity will in fact come on stream between 2006 and 2011. As much as 1.25 mbd will come on stream in 2006, but expansion may lag demand between 2006 and 2009 before substantial amounts of new capacioty come on in 2010 and 2011. Chinese capacity expansion is likely to be  about 2.5 mbd, nearly 25% of global growth while India plans to add about 2 mbd of new capacity by 2012.

I feel 2010 is the most critical year to see the impact of oil product prices when most refineries come on stream.