Peek oil is back!

[Mega]

Bloomberg have got a great story on Saudi needing to up their output above 11 millions barrels a day, but i can't link to it..............well worth a read.
Mike

[GRG55]

Re: Peek oil is back!

Bloomberg have got a great story on Saudi needing to up their output above 11 millions barrels a day, but i can't link to it..............well worth a read.
Mike

World Needs Record Saudi Oil Supply as OPEC Convenes

[Mega]

Re: Peek oil is back!

...............anyone like to voice their thoughts?..........anyone

[Mega]

Re: Peek oil is back!

ER,................Ok
http://www.silverdoctors.com/new-ene...an-oil-supply/
Mike

[Glenn Black]

Re: Peek oil is back!

World Needs Record Saudi Oil Supply as OPEC Convenes

Gold controls the price of crude oil, and crude oil controls the price of gold, and the agents of governments and Central Bankers control both of these commodities by the rigged paper, ETF, derivatives, and future markets.

With oil prices controlled at the low end of feasible, this encourages high demand, and a more rapid depletion of this precious resource.

The longer the governments are allowed to continue Quantitative Easing and market manipulation, the sooner we will hit the energy supply wall at top speed.

In the 1940's, the best Saudi oil wells delivered about 90% oil with the balance as sand and water. Today, the major Saudi wells deliver between 10% to 50% oil, the rest is sand and water. Talk about reservoir depletion!

Good luck to all. Fasten your seatbelts, for what it is worth.

[EJ]

Re: Peek oil is back!

World Needs Record Saudi Oil Supply as OPEC Convenes

Convergence at $105?

[Mega]

Re: Peek oil is back!

Thank you EJ......................& ?

Mike

[davidstvz]

Re: Peek oil is back!

WTI historically cost the same as Brent (a little more), but has been cheaper since late 2010. The ratio is heading back to 1:1 though...

[Mega]

Re: Peek oil is back!

Hmmm.................Oil to brake out above $120 soon?
Mike

[davidstvz]

Re: Peek oil is back!

The WTI/Brent spread may be closing, but that doesn't mean the price is going up. At a glance, the chart suggests that the two are converging around 105 to 110 with price swings becoming less volatile. Less output from Saudi's could throw a monkey wrench into these trends.


By the way, I've barely got any idea what I'm talking about on this subject!

[Mega]

Re: Peek oil is back!

http://www.zerohedge.com/news/2014-0...er-mosul-falls

So, " I-CIA-er" have attacked ..........to hurt China or threaten other states in the area?
Mike

[Mega]

Re: Peek oil is back!

Oh Sh1t !
http://www.charlesduelfer.com/blog/?p=244
Mike

[Mega]

Re: Peek oil is back!

ITS ON !!!!!!!!!!!!!!!!
http://www.zerohedge.com/news/2014-0...toward-baghdad
Mike

[GRG55]

Re: Peek oil is back!

Convergence at $105?

Nothing a good recession can't fix...

[EJ]

Re: Peek oil is back!

Nothing a good recession can't fix...

Indeed, but after the oil price spike that triggers the recession that causes the collapse in global oil demand that then results in lower prices.

Unless the Fed crashes the economy before that and we get a recession without an oil price spike (low probability).

More likely the simmering crisis in the sandbox explodes into a fresh conflict that produces a long-lasting versus temporary interruption in oil supplies and gives us an oil price spike that triggers a recession but unlike previous episodes the matter is not quickly resolved.

Rather than a minor geopolitical blip the conflict is a transition from cold war into a hot war that permanently reshapes the global energy picture.