Topic: Long term OIL - page 6. (Read 91718 times)
Absolutely - oil is dying, the industry just doesn't want to admit it yet. Coal has peaked, oil is next as we all go over to electric cars.
In 20-30 years Oil prices will continue to fall. There are too many regulation on electrical car supports. And Green energy.
Most of Europe countries start to ban diesel cars in short term (5 - 10 years). And this will continue all around the world.
For myself i support green energy too
Most of Europe countries start to ban diesel cars in short term (5 - 10 years). And this will continue all around the world.
For myself i support green energy too
I agree with you man. I hope solar energy will start to take over in the next decade. Fossil resources like oil take centuries to reform and we're steadily running out of it. I hope to buy an electric Tesla car to support the transition to green energy. I don't know how long you're going on oil but I don't see it being used in the next 20-30 years.
Solar energy has advanced but its still not as cheap as the most easily gained oil production. The reason oil will still be used in 50 years is similar to how coal is still being used over a century after the peak of the steam power and industrial revolution. Obviously we do have far more efficient methods of energy production but it still does not completely replace that resource.
Same could be said of nuclear power, its the cheapest energy of all in theory but its very large with tail end risks to its use. All of these various energy sources has its positives and negatives so they will all exist to some extent still I think.
Oil price rising is not that surprising with the rising tension between two or three nuclear nations. China has said they will defend PRK if attacked which at least to some extent is a big enough threat to put paid to oil shorts I think. As well as that some production in Nigeria is offline apparently, Im not sure on the consumption side but I presume world growth is rising in demand still
Why oil is continuing to go up, is there any offer manufactured on doha to freeze the creation? I believe zombies are purchasing yet again.
Glad, to see that when people are busy to investment with bitcoin, someone have interested to investing on Oil for makes good profit. Its a Very good decision to investment with oil for long term because if all people use to investment with bitcoin then who will gonna investment with oil!! Hope price of oil will pump enough in future for good profit. Good luck with oil.. 
I think that is very logical because we need bitcoin and invest in it and after a long time we have money out of it that is actually how it all works because we always make profit out of it and that is what we all want dont we?
Oil is over man i do agree trump prefers that there are more jobs in mining and oil extraction fields but actually solar energy is expanding at a faster pace. Recently dubai announced a 14 billion $ project for creating the biggest solar panel station just imagine if middle east is supporting solar how is oil a good investment
I agree with you man. I hope solar energy will start to take over in the next decade. Fossil resources like oil take centuries to reform and we're steadily running out of it. I hope to buy an electric Tesla car to support the transition to green energy. I don't know how long you're going on oil but I don't see it being used in the next 20-30 years.
It is far better not to decide on oil as long phrase expense.Now, there are many new strength source created to substitute oil.I know the use of oil as energy gas is nonetheless huge. But 1 working day, I'm sure we'll exchange oil with other useful resource, considering that oil is finite in earth.
Oil is over man i do agree trump prefers that there are more jobs in mining and oil extraction fields but actually solar energy is expanding at a faster pace. Recently dubai announced a 14 billion $ project for creating the biggest solar panel station just imagine if middle east is supporting solar how is oil a good investment
So what does it mean exactly?
Does it mean that they are running out of oil? I think that they still have plenty of it, and the primary reason for them investing in solar energy is the demand for electricity to feed the local cities. Solar energy is very limited by the distance it can be transferred at, so it is sort of obvious choice for them (given that they have plenty of sun all year round). And that likely doesn't have anything to do with oil as such (let alone oil running dry)
Oil is over man i do agree trump prefers that there are more jobs in mining and oil extraction fields but actually solar energy is expanding at a faster pace. Recently dubai announced a 14 billion $ project for creating the biggest solar panel station just imagine if middle east is supporting solar how is oil a good investment
Long term oil might accurately be described as chemical processes which generate gasoline and other hydrocarbon based fuels from waste oil products.
Some might think there's no such thing as "long term oil" as eventually crude oil will reach a where it requires more energy to harvest it from deep wells than the amount of energy the oil itself contains. And the entire process becomes unfeasible. But there are new methods to generate ol byproducts from waste oil. So peak oil may not doom civilization after all!
Some might think there's no such thing as "long term oil" as eventually crude oil will reach a where it requires more energy to harvest it from deep wells than the amount of energy the oil itself contains. And the entire process becomes unfeasible. But there are new methods to generate ol byproducts from waste oil. So peak oil may not doom civilization after all!
Why oil is continuing to go up, is there any deal created on doha to freeze the production? I think zombies are acquiring once more.
Nice LONG trade observed.
Short term, WTI OIL
Current price : 49.37
STOP : 49.18
Target : 50.33 - 50.63
P/F : 5.05 - 7.63
Short term, WTI OIL
Current price : 49.37
STOP : 49.18
Target : 50.33 - 50.63
P/F : 5.05 - 7.63
It truly is far better not to choose oil as prolonged expression investment decision.Now, there are many new power source created to substitute oil.I know the use of oil as power fuel is nonetheless substantial. But one particular working day, I'm confident we are going to substitute oil with other resource, since oil is finite in earth.
We won't know we've hit peak oil until many years after the fact, when the downward trend is clearly established and no foreseeable future events could spike oil consumption back past peak usage. I don't think we're likely at peak oil yet, but we're probably pretty close in that I would expect us to hit peak oil within 10 years.
It's interesting to note that when the idea of peak oil was first introduced, the author who created the concept predicted peak oil, based on the history of oil production, would be reached in the year 2000 at 12.5 billion barrels per year. In 2016, world production was 35.4 billion barrels, with slight yearly increases continuing to be projected for the time being: 35.9 billion in 2017, 36.5 billion in 2018.
In fact, we may never hit peak oil at all
At least, not in the sense the original authors meant it. As far as I remember, they claimed peak oil to come about primarily due to depletion of oil reserves. But we shouldn't forget that the Stone Age didn't end for the lack of stones, and thus the Oil Age might not end because there is more oil around. It could well be the case that we may reach "peak oil" sooner thanks to technological advances rather than due to exhaustion of oil reserves and resources. In that case, we will be able to see and check that moment almost immediately after it happens (or even before)
It truly is far better not to choose oil as prolonged expression investment decision.Now, there are many new power source created to substitute oil.I know the use of oil as power fuel is nonetheless substantial. But one particular working day, I'm confident we are going to substitute oil with other resource, since oil is finite in earth.
We won't know we've hit peak oil until after the fact, when the downward trend is clearly established and no foreseeable future events could spike oil consumption back past peak usage. We're probably pretty close in that I would expect us to hit peak oil within 10 years though.
It's interesting to note that when the idea of peak oil was first introduced, the author who created the concept predicted peak oil, based on the history of oil production, would be reached in the year 2000 at 12.5 billion barrels per year. In 2016, world production was 35.4 billion barrels, with slight yearly increases continuing to be projected for the time being: 35.9 billion in 2017, 36.5 billion in 2018.
It truly is far better not to choose oil as prolonged expression investment decision.Now, there are many new power source created to substitute oil.I know the use of oil as power fuel is nonetheless substantial. But one particular working day, I'm confident we are going to substitute oil with other resource, since oil is finite in earth.
Oil seems to be inching higher, with US crude supplies declining on a continuous basis.
US supplies seem to be the marginal supplies which move the markets.
http://www.marketwatch.com/story/oil-prices-rebound-ahead-of-us-supply-data-2017-08-22
US supplies seem to be the marginal supplies which move the markets.
http://www.marketwatch.com/story/oil-prices-rebound-ahead-of-us-supply-data-2017-08-22
Since the US is the only market with dependable and transparent numbers on supply and production, it's generally that the larger global oil market moves in conjunction with the most reliable data available, and since the US is reporting down numbers and releasing oil from the strategic reserve due to disruptions by Hurricane Harvey, that's likely why you're seeing oil prices up now.
Oil seems to be inching higher, with US crude supplies declining on a continuous basis.
US supplies seem to be the marginal supplies which move the markets.
http://www.marketwatch.com/story/oil-prices-rebound-ahead-of-us-supply-data-2017-08-22
US supplies seem to be the marginal supplies which move the markets.
http://www.marketwatch.com/story/oil-prices-rebound-ahead-of-us-supply-data-2017-08-22
Saudi Arabia seems to be trying hard to cut production and inventory, to address the oversupply of the market. I am not sure that this will work. They will only end up losing market share.
https://www.cnbc.com/2017/08/08/saudi-arabia-to-cut-crude-allocations-in-sept-by-at-least-520000-bpd--source.html
Yes, Saudi Arabia's plan to cut the production and supply to the Asian market by 10% hardly affects the business of the the country. Though Saudi is one among the biggest market holder for crude oil such plans will surely affect the entire economy as the oil price were getting stabilized after a long time period. https://www.cnbc.com/2017/08/08/saudi-arabia-to-cut-crude-allocations-in-sept-by-at-least-520000-bpd--source.html
Actually, Saudi Arabia is pretty dependent on oil for its economy. The drop in oil prices has resulted in a budget deficit.
Saudi Arabia is working on a plan to reduce its dependence on oil though.
http://www.inss.org.il/publication/saudi-arabias-vision-2030-reducing-the-dependency-on-oil/
Saudi Arabia seems to be trying hard to cut production and inventory, to address the oversupply of the market. I am not sure that this will work. They will only end up losing market share.
https://www.cnbc.com/2017/08/08/saudi-arabia-to-cut-crude-allocations-in-sept-by-at-least-520000-bpd--source.html
Yes, Saudi Arabia's plan to cut the production and supply to the Asian market by 10% hardly affects the business of the the country. Though Saudi is one among the biggest market holder for crude oil such plans will surely affect the entire economy as the oil price were getting stabilized after a long time period. https://www.cnbc.com/2017/08/08/saudi-arabia-to-cut-crude-allocations-in-sept-by-at-least-520000-bpd--source.html
It is not just Saudi Arabia, but OPEC as a whole which is taking these actions. Saudi Arabia has managed to make the other OPEC countries agree on production cuts. Whether these countries actually implement these cuts is another matter altogether.
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