Dinar Daily
Welcome to Dinar Daily Discussions.

Logging in with your USERNAME allows you to participate in discussions, see what has recently been posted, and other options. Guests can post but they do have limited abilities.

We are NOT a guru forum. We are a dinarian forum. The opinions expressed on the forum do not reflect the of opinion of Dinar Daily specifically, but rather reflect the views of the individual posters only.

Disclamer:

We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."


Key Words
Adam Montana, AdminBill, Benjamin Fulford, Currency Exchange, David Schmidt, Dinar, Dinar Guru, Dinar Recaps, Dinar Rv, Dinar Scam, Dr Clarke, Frank26, Gary Larrabee, Gurus, Guru Hunters, JerzyBabkowski, Kaperoni, Kenny, Monetary Reform, Mnt Goat, My Ladies, Okie, Poppy, RamblerNash, Ray Renfrow, Redenomination, Revaluation, Ssmith, TNTBS, Tnt Tony, WING IT, We Are The People, Willis Clark, WSOMN, Yosef, Zap

Theseus shares some thoughts about the price of oil

Post new topic   Reply to topic

Go down

Theseus shares some thoughts about the price of oil

Post by Ponee on Thu Feb 23, 2017 8:17 am




Theseus --


OPEC did not account for the United States to increase its production again. After oil prices fell to a low where it was unproductive to produce oil in the US, OPEC felt that enough US producers had left the game and would not return. The resumption of oil production in the US has kept prices lower than the expected 60 per barrel target price Iraq sought and still seeks. Unfortunately, having not met this price, Iraq, countering, tries to produce more oil which in turn causes the price per barrel lower. Less is more and until Iraq figures this supply and demand issue out, they will continue harm themselves by producing more and earning less. It is a vicious cycle that takes a delicate balancing act to get right. Oil pundits have stated that oil will not reach 60 per barrel in 2017 but will hold steady around 54 per barrel, however the 54 target will not hold if oil is produced over the cut levels. OPEC either needs to cut production again or let the price per barrel fall to a low in which undercuts the US oil producers. If the latter is done, this benefits no one because when prices rise once more the US producers will enter the game again. This could see-saw for a couple more years until things level out. Meaning that it will be until well after 2020 that oil reaches 60 per barrel.  

*****************
Ponee
Ponee
Admin
Admin

Posts : 34780
Join date : 2011-08-09

View user profile

Back to top Go down

Back to top


 
Permissions in this forum:
You can reply to topics in this forum