Brunolem Posted March 23, 2020 Share Posted March 23, 2020 Today I went to fill up my car's tank with E20 and was surprised to see that the price per liter was 17.5 baht (in far away Sisaket). This reminded me of the past, at the turn of the century, when I was paying between 13 and 14 baht, for diesel at that time. A number of analysts think that the oil price could go down much further...unfortunately I don't have a strategic reserve to fill up... 1 Link to comment Share on other sites More sharing options...
bkk6060 Posted March 23, 2020 Share Posted March 23, 2020 Good time to consider oil futures investing. The price will be manipulated higher at some point always is. Link to comment Share on other sites More sharing options...
Popular Post Lacessit Posted March 23, 2020 Popular Post Share Posted March 23, 2020 Why would you thank them? It's kicked the sharemarkets worldwide into freefall. 3 1 Link to comment Share on other sites More sharing options...
poohy Posted March 23, 2020 Share Posted March 23, 2020 7 minutes ago, bkk6060 said: Good time to consider oil futures investing. The price will be manipulated higher at some point always is. Not a good time for people holding oil shares plus its b*******ed most of the world markets up as well Link to comment Share on other sites More sharing options...
Brunolem Posted March 23, 2020 Author Share Posted March 23, 2020 34 minutes ago, Lacessit said: Why would you thank them? It's kicked the sharemarkets worldwide into freefall. It has sent the shares of the fossil fuel corporations into freefall, not the shares of those who need oil to run their business, like the airlines...for the latter the virus is responsible of the freefall. Link to comment Share on other sites More sharing options...
Lacessit Posted March 23, 2020 Share Posted March 23, 2020 2 minutes ago, Brunolem said: It has sent the shares of the fossil fuel corporations into freefall, not the shares of those who need oil to run their business, like the airlines...for the latter the virus is responsible of the freefall. True. However, there is a condition you should be familiar with - synergy. Link to comment Share on other sites More sharing options...
Puchaiyank Posted March 23, 2020 Share Posted March 23, 2020 It is a double-edged sword...once the price gets low enough to run many oil companies out of business, they will cut production and the price of oil will once again surge past $60 per barrel... Enjoy the low prices while you can! Link to comment Share on other sites More sharing options...
Popular Post Lacessit Posted March 24, 2020 Popular Post Share Posted March 24, 2020 6 hours ago, Puchaiyank said: It is a double-edged sword...once the price gets low enough to run many oil companies out of business, they will cut production and the price of oil will once again surge past $60 per barrel... Enjoy the low prices while you can! It's very probable American shale oil producers will be first in line... 3 Link to comment Share on other sites More sharing options...
geriatrickid Posted March 24, 2020 Share Posted March 24, 2020 8 minutes ago, Lacessit said: It's very probable American shale oil producers will be first in line... And the Canadian oil industry. Who benefits? Countries who are not supporters or friends of the USA. Russia and the Gulf states have used their oil to have their way politically. When the USA became energy independent, and when Canada became an oil power they lost their influence. I find it incredible that the most vocal of US nationalists have no worry about returning to the blackmail of Russia and the Middle East. These are the same people who didn't care when they lost their pharmaceutical and medical equipment production to China. 1 Link to comment Share on other sites More sharing options...
Kadilo Posted March 24, 2020 Share Posted March 24, 2020 14 hours ago, Lacessit said: Why would you thank them? It's kicked the sharemarkets worldwide into freefall. Yeah but he’s saved tuppence 1 1 Link to comment Share on other sites More sharing options...
tonray Posted March 24, 2020 Share Posted March 24, 2020 14 hours ago, Lacessit said: Why would you thank them? It's kicked the sharemarkets worldwide into freefall. He saved 150 baht on filling the tank and lost 2,000,000 in his portfolio...Thanks... 1 Link to comment Share on other sites More sharing options...
Brunolem Posted March 24, 2020 Author Share Posted March 24, 2020 1 hour ago, geriatrickid said: I find it incredible that the most vocal of US nationalists have no worry about returning to the blackmail of Russia and the Middle East. These are the same people who didn't care when they lost their pharmaceutical and medical equipment production to China. They didn't lose anything to China, they voluntarily transfered production to China to take advantage of slave work, and increase their own remunaration. They are traitors and should be delt with accordingly...but unfortunately it won't happen, on the contrary, they will be bailed out one more time... 1 1 Link to comment Share on other sites More sharing options...
Brunolem Posted March 24, 2020 Author Share Posted March 24, 2020 1 hour ago, tonray said: He saved 150 baht on filling the tank and lost 2,000,000 in his portfolio...Thanks... "He" is indeed saving money on filling his tank, and "he" was careful enough to not have one baht invested in the financial markets that "he" expected to tank with or without the intervention of a virus. Link to comment Share on other sites More sharing options...
NanLaew Posted March 26, 2020 Share Posted March 26, 2020 On 3/24/2020 at 7:28 AM, Lacessit said: It's very probable American shale oil producers will be first in line... They've been on life support for the best part of a year already. Putin's failed gamble with OPEC will see $10 bbl oil by mid-summer. Link to comment Share on other sites More sharing options...
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