Will oil price go up to $100/barrel?

Discussion in 'Business & Economics' started by Saint, Dec 7, 2016.

  1. sculptor Valued Senior Member

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    if "our allies are so dependent on that oil-------------why are we paying for their needs?
     
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  3. joepistole Deacon Blues Valued Senior Member

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    Because as previously noted, we too are dependent upon those oil flows.
     
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  5. youreyes amorphous ocean Valued Senior Member

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    Please man, those books have been written looong time ago in all shapes and forms. The amount of rusophobic pro-West book titles out there with "Red Danger..." or "Behind Red Veil..." or "The Real Russia..." is collapsing the library shelves. You think there are not enough books about...

    Mao? https://www.amazon.com/s/ref=nb_sb_noss?url=search-alias=stripbooks&field-keywords=mao&rh=n:283155,k:mao
    Stalin? https://www.amazon.com/s/ref=nb_sb_noss_2?url=search-alias=stripbooks&field-keywords=stalin&rh=n:283155,k:stalin
    Mussoulini? https://www.amazon.com/s/ref=nb_sb_noss_2?url=search-alias=stripbooks&field-keywords=Mussoulini&rh=n:283155,k:Mussoulini&ajr=2
    Pol Pot? https://www.amazon.com/s/ref=nb_sb_noss?url=search-alias=stripbooks&field-keywords=Pol Pot&rh=n:283155,k

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    ol Pot
    Idi Amin? https://www.amazon.com/s/ref=nb_sb_noss?url=search-alias=stripbooks&field-keywords=Idi Amin&rh=n:283155,k:Idi Amin

    Try truly dangerous books about current people in power like George Soros
     
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  7. billvon Valued Senior Member

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    Because we value having allies.
     
  8. youreyes amorphous ocean Valued Senior Member

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    allies, friends for money.
     
  9. Ophiolite Valued Senior Member

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    Please man, provide me with the ISBN for the book that specifically examines, for the general educated, but uninformed audience, the nature of post dictatorial collapse and recovery.

    I am confident this has been examined thoroughly by academics, in journals, if not in full bloodied books, but those were not the kind of book I was proposing.

    And, while we were at it, since when was George Soros a dictator in commonly used meaning of the word in the context of a thread like this?

    And, then tell me what the hell is dangerous about writing such a book? (I know I shall be sorry I asked that one.)
     
  10. Saint Valued Senior Member

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    3,240
    Reports say that Argentina has got shale oil too.
    Once they decided to extract it, more oil is supplied to the market.
     
  11. Saint Valued Senior Member

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    3,240
    The news says:
    While that news should have provided a jolt to oil prices, oil traders were likely spooked by much more damning data that came out of the U.S. in recent days, which pointed to a sharper rebound in U.S. shale than many had anticipated at this time of the year.
     
  12. joepistole Deacon Blues Valued Senior Member

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    22,687
    Are you really that dumb? Objecting to and concern about Russia's repeated and consistent blatant aggression towards neighboring states, and its repeated attempts to subvert Western democracies with fake news isn't a phobia comrade. It's a reality.

    Additionally, you should learn the difference between concern and fear. The West needs to confront Russian aggression. Militarily and economically, Russia is a pipsqueak nation. Its military and economies are but a small fraction of the US and other Western powers. Russia is a declining power. There isn't much to fear. But there is good reason for concern, especially if you live in a smaller and weaker country living near Russia's borders.

    In order to minimize blood shed a line has been drawn and that line needs to be maintained.
     
    Last edited: Jan 16, 2017
  13. youreyes amorphous ocean Valued Senior Member

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    Argentina's economy isnt exactly top notch.
     
  14. joepistole Deacon Blues Valued Senior Member

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    22,687
    What does that have to do with the price of tea in China?
     
  15. youreyes amorphous ocean Valued Senior Member

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    tea?
     
  16. joepistole Deacon Blues Valued Senior Member

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    What....they don't use that expression in Russia comrade? I suggest you google it.

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  17. youreyes amorphous ocean Valued Senior Member

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    general, i live in USA, ok. Trump is my president.
     
  18. joepistole Deacon Blues Valued Senior Member

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    Yes comrade, I know Trump is your president.

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  19. Saint Valued Senior Member

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    Will average oil price go up or down in 6 months time?
     
  20. youreyes amorphous ocean Valued Senior Member

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    up for sure.
     
  21. joepistole Deacon Blues Valued Senior Member

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    LOL...you keep praying for higher oil prices because your beloved Mother Putinia needs it, but it's going to take more than praying.
     
  22. joepistole Deacon Blues Valued Senior Member

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    It's a good question. No one knows for sure. The answer depends upon many things. I would say oil trades in a low to mid 50 dollar range all year. But that assumes the status quo continues. It may not.

    Today the Trump government issued a warning to Iran. It was a serious warning. There is a possibility warfare may breakout between Iran and the US in the coming months. If that happens, oil prices will soar at least for a time and depending up what and how Trump carries out the attack.

    There is also the prospect of trade war which could adversely affect the price of oil. Trump seems intent upon causing a trade war. The only certain thing is with Trump, the world has become a much more unstable place.
     
  23. youreyes amorphous ocean Valued Senior Member

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    Oil will trade up to 70s towards end of the year.
     

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