I think low oil price can make some headache to large oil sale companies. 
Topic: Oil Prices Slump to 11-Year Lows in Asia and Europe - page 2. (Read 4385 times)
Yes, oil prices are very low from some time ago, for car drivers this is very good news . I think low oil price can make some headache to large oil sale companies.
I think low oil price can make some headache to large oil sale companies. Is it cheaper to mine bitcoin now? Oil prices dropped but the electricity cost has not changed!
When oil price drops, we were told that electricity is generated from natural gas/coal; when the oil price increase, we were told this directly affect the cost of electricity.
When oil price drops, we were told that electricity is generated from natural gas/coal; when the oil price increase, we were told this directly affect the cost of electricity.
Can't tell you, I'm French. French electricity is cheap because it comes from nuclear power
How much do you pay per kWh. Is that still over $0.15 per kWh. If it is so, there is not profit to be made for mining.
bitcoin mining is a tough job and has to be done with complete planning because sometimes you will end up spending more on electricity than profit by this way we lose our time and profit and end up as a loser.
Is it cheaper to mine bitcoin now? Oil prices dropped but the electricity cost has not changed!
When oil price drops, we were told that electricity is generated from natural gas/coal; when the oil price increase, we were told this directly affect the cost of electricity.
When oil price drops, we were told that electricity is generated from natural gas/coal; when the oil price increase, we were told this directly affect the cost of electricity.
Can't tell you, I'm French. French electricity is cheap because it comes from nuclear power
How much do you pay per kWh. Is that still over $0.15 per kWh. If it is so, there is not profit to be made for mining.
you don't need to have over 0.15 to have no profit, even at above 0.05 there is no real profit already, diff is skyrocketing pretty fast
Wow! Nobody mines in France I think. It's around 0.14 so not really usefull. But it's still rather cheap for Europe as far as I know
Is it cheaper to mine bitcoin now? Oil prices dropped but the electricity cost has not changed!
When oil price drops, we were told that electricity is generated from natural gas/coal; when the oil price increase, we were told this directly affect the cost of electricity.
When oil price drops, we were told that electricity is generated from natural gas/coal; when the oil price increase, we were told this directly affect the cost of electricity.
Can't tell you, I'm French. French electricity is cheap because it comes from nuclear power
How much do you pay per kWh. Is that still over $0.15 per kWh. If it is so, there is not profit to be made for mining.
you don't need to have over 0.15 to have no profit, even at above 0.05 there is no real profit already, diff is skyrocketing pretty fast
Is it cheaper to mine bitcoin now? Oil prices dropped but the electricity cost has not changed!
When oil price drops, we were told that electricity is generated from natural gas/coal; when the oil price increase, we were told this directly affect the cost of electricity.
When oil price drops, we were told that electricity is generated from natural gas/coal; when the oil price increase, we were told this directly affect the cost of electricity.
Can't tell you, I'm French. French electricity is cheap because it comes from nuclear power
How much do you pay per kWh. Is that still over $0.15 per kWh. If it is so, there is not profit to be made for mining.
Is it cheaper to mine bitcoin now? Oil prices dropped but the electricity cost has not changed!
When oil price drops, we were told that electricity is generated from natural gas/coal; when the oil price increase, we were told this directly affect the cost of electricity.
When oil price drops, we were told that electricity is generated from natural gas/coal; when the oil price increase, we were told this directly affect the cost of electricity.
Can't tell you, I'm French. French electricity is cheap because it comes from nuclear power
Is it cheaper to mine bitcoin now? Oil prices dropped but the electricity cost has not changed!
When oil price drops, we were told that electricity is generated from natural gas/coal; when the oil price increase, we were told this directly affect the cost of electricity.
When oil price drops, we were told that electricity is generated from natural gas/coal; when the oil price increase, we were told this directly affect the cost of electricity.
That is unfortunately how it works. When price drops it always takes longer for the prices to correct to reflect this. This is also because the companies buy in at the higher prices in bulk and is than an effect of undercutting each other, not because they are so nice to reflect their cheaper source in the consumer price.
The energy companies buy the electricity with future a few months/years in advance. So they cannot sell at the current price.
Is it cheaper to mine bitcoin now? Oil prices dropped but the electricity cost has not changed!
When oil price drops, we were told that electricity is generated from natural gas/coal; when the oil price increase, we were told this directly affect the cost of electricity.
When oil price drops, we were told that electricity is generated from natural gas/coal; when the oil price increase, we were told this directly affect the cost of electricity.
That is unfortunately how it works. When price drops it always takes longer for the prices to correct to reflect this. This is also because the companies buy in at the higher prices in bulk and is than an effect of undercutting each other, not because they are so nice to reflect their cheaper source in the consumer price.
The energy companies buy the electricity with future a few months/years in advance. So they cannot sell at the current price.
Is it cheaper to mine bitcoin now? Oil prices dropped but the electricity cost has not changed!
When oil price drops, we were told that electricity is generated from natural gas/coal; when the oil price increase, we were told this directly affect the cost of electricity.
When oil price drops, we were told that electricity is generated from natural gas/coal; when the oil price increase, we were told this directly affect the cost of electricity.
That is unfortunately how it works. When price drops it always takes longer for the prices to correct to reflect this. This is also because the companies buy in at the higher prices in bulk and is than an effect of undercutting each other, not because they are so nice to reflect their cheaper source in the consumer price.
Is it cheaper to mine bitcoin now? Oil prices dropped but the electricity cost has not changed!
When oil price drops, we were told that electricity is generated from natural gas/coal; when the oil price increase, we were told this directly affect the cost of electricity.
When oil price drops, we were told that electricity is generated from natural gas/coal; when the oil price increase, we were told this directly affect the cost of electricity.
You cannot keep 100x profit margins for long, be lucky if you can produce a 1.5x profit margin these days. This was just a market correction that they had it coming for almost a century.
The profit margins are insanely high for some of the producers (such as Saudi Arabia, Russia, Iraq and Iran). For this group, the cost of production is around $10 to $15 per barrel. Anything above that is profit. But for the high-cost producers such as Venezuela, Brazil, Norway and the United Kingdom, the cost of production ranges from $25 to $60 per barrel. So right now many of them are producing crude at a net loss.
Market equilibrium
Thats one of the most important concepts of economics. The market will find the mean always if left untouched.
Even with the oil cartels you cannot keep the price too high, and the more you interfere in the market, the worse the crash will be.
Demand for oil probably dropped 20 years ago, but the price didnt reflected it due to cheap money.
Folks the normal profit margin is about +50% <> +100% profit margin at best , and I think the price will remain in that range, unless they start printing again.
Ah!
If that was not so vulgar I would spit on this post.
Market equilibrium... Yeah sure...
It's like "the invisible hand" or "the great chain".
It odesn't exist and it's a wrong concept.
Simply because some companies and some people share most of power, money and knowledge.
There is a hand, but it's linked to very existing people...
I read recently that the oil price could go as low as $16 a barrel, at that price i am sure alot of companies would go under and governments would be on the brink
When the price go below $16 and stay there over 6 months, many countries will go under, not just many companies. Many banks will also be in trouble.
The market correction is happening but I am optimistic enough to ponder entry into some oil stocks.
China may be recorrecting but the market has taken enough of a hit that it has some bounce from this range once the supply glut is eaten, remembering 2008 a supply glut can very quickly become a demand glut once enough production is impacted.
Right now its a time for consolidations and the ones that emerge will be the key players for the next oil rally, a structrual change to oil is still unlikely the efficiency we see in alternate energies is still not there and coal is still dirtier so LNG and Nat gas still remain the options for clean energy of the near future.
China may be recorrecting but the market has taken enough of a hit that it has some bounce from this range once the supply glut is eaten, remembering 2008 a supply glut can very quickly become a demand glut once enough production is impacted.
Right now its a time for consolidations and the ones that emerge will be the key players for the next oil rally, a structrual change to oil is still unlikely the efficiency we see in alternate energies is still not there and coal is still dirtier so LNG and Nat gas still remain the options for clean energy of the near future.
It might take a year for the market to consume all the surplus oil. Saudi will keep pumping oil until it kills Iran.
Saudis can only count on Oil to survive, so they are under a lot of pressure right now (just look at their government finances).
I read recently that the oil price could go as low as $16 a barrel, at that price i am sure alot of companies would go under and governments would be on the brink
The market correction is happening but I am optimistic enough to ponder entry into some oil stocks.
China may be recorrecting but the market has taken enough of a hit that it has some bounce from this range once the supply glut is eaten, remembering 2008 a supply glut can very quickly become a demand glut once enough production is impacted.
Right now its a time for consolidations and the ones that emerge will be the key players for the next oil rally, a structrual change to oil is still unlikely the efficiency we see in alternate energies is still not there and coal is still dirtier so LNG and Nat gas still remain the options for clean energy of the near future.
China may be recorrecting but the market has taken enough of a hit that it has some bounce from this range once the supply glut is eaten, remembering 2008 a supply glut can very quickly become a demand glut once enough production is impacted.
Right now its a time for consolidations and the ones that emerge will be the key players for the next oil rally, a structrual change to oil is still unlikely the efficiency we see in alternate energies is still not there and coal is still dirtier so LNG and Nat gas still remain the options for clean energy of the near future.
It might take a year for the market to consume all the surplus oil. Saudi will keep pumping oil until it kills Iran.
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The market correction is happening but I am optimistic enough to ponder entry into some oil stocks.
China may be recorrecting but the market has taken enough of a hit that it has some bounce from this range once the supply glut is eaten, remembering 2008 a supply glut can very quickly become a demand glut once enough production is impacted.
Right now its a time for consolidations and the ones that emerge will be the key players for the next oil rally, a structrual change to oil is still unlikely the efficiency we see in alternate energies is still not there and coal is still dirtier so LNG and Nat gas still remain the options for clean energy of the near future.
China may be recorrecting but the market has taken enough of a hit that it has some bounce from this range once the supply glut is eaten, remembering 2008 a supply glut can very quickly become a demand glut once enough production is impacted.
Right now its a time for consolidations and the ones that emerge will be the key players for the next oil rally, a structrual change to oil is still unlikely the efficiency we see in alternate energies is still not there and coal is still dirtier so LNG and Nat gas still remain the options for clean energy of the near future.
i think that it might be a huge investment possibility right now because of that though im afraid that it might drop even more
This price falling oil gets continued, just due to the surplus availability of oil from the oil wealth countries.
The oil market is with huge stock than the demand so coming days does't hope for increase in price of oil
It can be a investment time for alternative technology
thats sad, though i think it might be a good opportunity to buy it
i think that it might be a huge investment possibility right now because of that though im afraid that it might drop even more
While it slumps to 11 year lows in Asia and Europe, the prices of both Petrol and Diesel has increased by 20% in the Middle East due to the Saudi Arabia and Iran crisis. It's increased after such a long time, and it's kind of scary seeing the oil prices increase in oil rich countries. Along with this they've also decided to impose VAT and other taxes on the expatriates.
If these expatriates can be paid with bitcoin, they can avoid those taxes. So bitcoin could be popular choice there.
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