There is currently a drop in demand, mainly due to slowdown in China.
There is also a supply glut, due to additional production from shale wells in the US.
OPEC's strategy is to maintain the oversupply until US shale wells are forced to close down. They expect prices will increase if they manage to do that.
Topic: Long term OIL - page 61. (Read 91718 times)
Oil is big but not that big. Many different forms of energy and alternate products that are replacing oil every day. I'll laugh when OPEC is left in shambles
How does one invest in oil?
You got the wiki link, so read it, but a decent way to invest is buying stock in oil companies especially if they pay good dividends.OP, let's hope for all our sakes that oil doesn't go as high as $180 anytime soon. Do you remember how high gas prices were back when it was at $150? That makes everything else expensive, not just gas. God bless the oil shorts.
Short term (1-2 years) I wouldn't want to invest in oil, no matter how "low" the price may look. Don't forget that Iran is pumping real hard to spoil the market with oil, and I'm sure that won't stop the comming years. The market currently is flooded with oil, and thus the demand/price might tank even further.
OP could you explain why?
I assumed long term demand for oil will slowly drop as the world seeks cleaner forms of energy.
w. a. r.
that's why
You got that right. The tension is heating up right now, and worse, it may eventually lead to another war which you already iterated. :/ Though it could be tied to something else such as economic recession and the global markets taking a beating, but the former is more likely than the latter.
Many countries are phasing out petroleum based cars in coming decades, thus the oil demand will keep going down for decades to come. But due to there are still petroleum based electricity power plants, the demand will not drop that significantly, anyway the power for electric cars still have to come from petroleum
Short term (1-2 years) I wouldn't want to invest in oil, no matter how "low" the price may look. Don't forget that Iran is pumping real hard to spoil the market with oil, and I'm sure that won't stop the comming years. The market currently is flooded with oil, and thus the demand/price might tank even further.
OP could you explain why?
I assumed long term demand for oil will slowly drop as the world seeks cleaner forms of energy.
w. a. r.
that's why
Long term, oil will go down. But there could be supply disruptions that drive the price up sharply in the intermediate term.
Resource extraction gets more efficient, and thus the floor price of commodities declines, over time as extraction technology improves.
There is no true support price level (above zero, that is) for a commodity. Remember, in 1998 oil prices bottomed out at $9/bbl. I remember filling my gas tank for less than $15. Gasoline was as low as 65 cents/gal. in some parts of the US.
In the near term, energy prices may go up if there are fears of supply disruptions int he Mideast due to hostilities between Russia and Turkey. Russia has an economic incentive to encourage such fears.
Resource extraction gets more efficient, and thus the floor price of commodities declines, over time as extraction technology improves.
There is no true support price level (above zero, that is) for a commodity. Remember, in 1998 oil prices bottomed out at $9/bbl. I remember filling my gas tank for less than $15. Gasoline was as low as 65 cents/gal. in some parts of the US.
In the near term, energy prices may go up if there are fears of supply disruptions int he Mideast due to hostilities between Russia and Turkey. Russia has an economic incentive to encourage such fears.
Oil is over. The supply never stops getting bigger, they always discover new places, this is not even the problem. The thing is, more efficient sources of energy will deprecate this asset. Governments will be forced to start strict anti gas cars and push a more clean and environmental friendly agenda if they don't want everyone dead in a couple of decades.
Short term (1-2 years) I wouldn't want to invest in oil, no matter how "low" the price may look. Don't forget that Iran is pumping real hard to spoil the market with oil, and I'm sure that won't stop the comming years. The market currently is flooded with oil, and thus the demand/price might tank even further.
OP could you explain why?
I assumed long term demand for oil will slowly drop as the world seeks cleaner forms of energy.
Short term (1-2 years) I wouldn't want to invest in oil, no matter how "low" the price may look. Don't forget that Iran is pumping real hard to spoil the market with oil, and I'm sure that won't stop the comming years. The market currently is flooded with oil, and thus the demand/price might tank even further.
Oil won't go up these next years because of the economic recession that is preparing and will soon hit the world
Oil? Srsly? LoL
We prolly gonna see sub 40 for the next 5 years.
We prolly gonna see sub 40 for the next 5 years.
The USO oil etf is at all time lows while vultures are circling.
How does one invest in oil?
So you are fully invested in Oil?
Prices are expected to fall further.
Prices are expected to fall further.
You can use 
a broker, to invest in to cfd contracts on oil futures.
No KYC, deposits/withdrawal in bitcoin, low commissions.
Oil will rise to 180
When topic was made price for UK oil was 36.55
Active predictions :
No other trades.
Ended predictions :
WTI OIL : 49.37 Target : 50.33 - 50.63 STOP : 49.18
Short term 20-25 prediction finnished in january 2016
august 2016 SHORT TERM, short at 49.XX TARGET 38 ~ 42 2
midterm 45-50, Price 34.48
Update:at feb 25. 16
midterm, target 45-50; Could be reached in 6 months. must see if touch 30-32 first.
at update price was 35
Midterm predict. ended in 30.05.2016 at 49.50
Long term 180
RESULT (WITH CHART):
#1, #2 , (19 Dec, 15) Forecast : 20-25, Price 36.55 ,
Post #1
#3(25 Feb, 16) Forecast : 45-50, Price 34.48
Post #367
#4(30 May, 16) Forecast : 38-42, Price 49.39
Post #598
#5(30 May, 16) Forecast : 50.33-50.63, Price 49.37
Post #1114
Long term prediction could be fullfiled between 2017-2019
Low is at $27.02 , considered like a bottom.
a broker, to invest in to cfd contracts on oil futures.No KYC, deposits/withdrawal in bitcoin, low commissions.
Oil will rise to 180
When topic was made price for UK oil was 36.55
Active predictions :
No other trades.
Ended predictions :
midterm, target 45-50; Could be reached in 6 months. must see if touch 30-32 first.
Long term 180
RESULT (WITH CHART):
#1, #2 , (19 Dec, 15) Forecast : 20-25, Price 36.55 ,
Post #1
#3(25 Feb, 16) Forecast : 45-50, Price 34.48
Post #367
#4(30 May, 16) Forecast : 38-42, Price 49.39
Post #598
#5(30 May, 16) Forecast : 50.33-50.63, Price 49.37
Post #1114
Long term prediction could be fullfiled between 2017-2019
Low is at $27.02 , considered like a bottom.
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