`


THERE IS NO GOD EXCEPT ALLAH
read:
MALAYSIA Tanah Tumpah Darahku

LOVE MALAYSIA!!!


 


Thursday, October 16, 2014

Oil At USD$70 Per Barrel ? Bila Harga Minyak Nak Turun?

A service rig crew performs maintenance and repair work on an oilfield pumpjack and well head site near Halkirk, Alberta. (Larry MacDougal/CP)

Here is fantastic news. Here is what the oil guys are saying.

  • Oil seems to be playing limbo these days
  • a game of just how low can it go
  • Oil guru Jim Cramer views this as a position of panic
  • everything will overreact and overshoot
  • exactly what is happening right now.
  • a lot of oil sloshing around right now
  • Saudi continues to pump oil instead of cut production
  • to drive down oil prices so that U.S. doesn't become energy independent
  • Libya is also putting out more oil than market expected
  • US full steam ahead adding a million barrels a year 
  • supply is now overwhelming demand
  • aren't enough storage tanks, refineries and oil tanks to put all of this oil in U.S.
  • price of oil could go to $70 maybe even lower. 
  • will the U.S. export oil (US does not allow export of unprocessed oil)
  • US infrastructure simply cannot take anymore from production to refineries
  • saturated ability to move oil from one place to another
  • Saudi's flooding market will kill U.S. drilling programs 
  • over-leveraged oil companies will go bust
  • Pipelines will not be built because producers can't pay bills
  • Cramer thinks the stocks can fall further
  • people who thought oil going through roof now think it is falling through floor
  •  major projects by the big players will get canceled
  • US$12 billion project by Chevron for Indonesian deep water gas canceled Monday
  • Putin in Russia may cut off drilling in some of the largest oil fields in the world
How quickly things change. A friend was saying how just three weeks ago the oil and gas stocks were the darlings of the market. Now it is back to "U cant touch this".

Oil is crashing. It will be a while before oil prices recover. We have not hit the bottom yet. Prices will be low for a year or maybe longer.  So bila harga minyak nak turun?  While the rest of the world is seeing oil prices crash, harga minyak Malaysia pula naik. And we are an oil producing nation.  
 
Kekawan Blogger UMNO sila ambil perhatian.  Beli barang murah dengan harga mahal bukan cerdik.  Kalau nak tampal duit bocor jangan siksa semua orang.


No comments:

Post a Comment

Note: Only a member of this blog may post a comment.