On Monday, the price of a barrel of Brent Crude dropped below $28 and Twitter started fighting over things that are more expensive than a barrel of oil, including a barrel.

http://www.independent.co.uk/news/business/news/all-the-things-that-cost-more-than-a-barrel-of-oil-including-a-barrel-a6818786.html

We've seen this before .... wait 12 months and it will be at $85.00 a barrel.

2 x large family Pepperoni Pizzas with 2 ltr coke and Swensen's Ice cream cost more than a barrel of Oil at this time.

What has caused the sudden fall in oil price? What effect will this have on the industry? Who will be the winners and who will be the losers?

http://www2.deloitte.com/ng/en/pages/energy-and-resources/articles/crude-awakening-the-impact-of-plummeting-crude-oil-prices-on-company-finances.html?Id=ng:2sm:3li:4dcom_share:5awa:6dcom:energy_and_resources

We've seen this before .... wait 12 months and it will be at $85.00 a barrel.

2 x large family Pepperoni Pizzas with 2 ltr coke and Swensen's Ice cream cost more than a barrel of Oil at this time.

Already there's an Over supply bung Irans extra in and it'll be next to flooded. It'll Take more than a year to recover, if it does.

Sent from my GT-I9000 using Thaivisa Connect Thailand mobile app

easy.....sell at 100, but at 30....make billions.....super easy

now buy low and sell high!!!!

get super rich....

no need to ever work again...

What has caused the sudden fall in oil price? What effect will this have on the industry? Who will be the winners and who will be the losers?

http://www2.deloitte.com/ng/en/pages/energy-and-resources/articles/crude-awakening-the-impact-of-plummeting-crude-oil-prices-on-company-finances.html?Id=ng:2sm:3li:4dcom_share:5awa:6dcom:energy_and_resources

I believe this will push renewables into the lime light more .....

Solar will benefit as panels become cheaper and better ....

Wind energy use will increase ..

Biomass will definitely expand with new plants scheduled to open in 2016.

What has caused the sudden fall in oil price? What effect will this have on the industry? Who will be the winners and who will be the losers?

http://www2.deloitte.com/ng/en/pages/energy-and-resources/articles/crude-awakening-the-impact-of-plummeting-crude-oil-prices-on-company-finances.html?Id=ng:2sm:3li:4dcom_share:5awa:6dcom:energy_and_resources

I believe this will push renewables into the lime light more .....

Solar will benefit as panels become cheaper and better ....

Wind energy use will increase ..

Biomass will definitely expand with new plants scheduled to open in 2016.

Rubbish.

Presently, oil and gas is a lot cheaper than any of the re-newables.

What has caused the sudden fall in oil price? What effect will this have on the industry? Who will be the winners and who will be the losers?

http://www2.deloitte.com/ng/en/pages/energy-and-resources/articles/crude-awakening-the-impact-of-plummeting-crude-oil-prices-on-company-finances.html?Id=ng:2sm:3li:4dcom_share:5awa:6dcom:energy_and_resources

I believe this will push renewables into the lime light more .....

Solar will benefit as panels become cheaper and better ....

Wind energy use will increase ..

Biomass will definitely expand with new plants scheduled to open in 2016.

Rubbish.

Presently, oil and gas is a lot cheaper than any of the re-newables.

They have always been cheaper than any renewables. Renewables were even at high oil prices only affordable with heavy subsidizing.

We've seen this before .... wait 12 months and it will be at $85.00 a barrel.

2 x large family Pepperoni Pizzas with 2 ltr coke and Swensen's Ice cream cost more than a barrel of Oil at this time.

If I was so sure of that I would borrow all the money I can get and put it in oil options.

You did so?

Who will be the winners?

Those people who have socked away the money during the good times and can survive for the next two to three years.

When oil and gas comes back, there will be a huge shortage of experienced personnel and remuneration for these people will be fantastic.

It helps if you:-

Live in a developing country with a low cost of living.

Don't have a mortgage.

Don't have children.

Don't have a high maintenance wife, or are single.

What has caused the sudden fall in oil price? What effect will this have on the industry? Who will be the winners and who will be the losers?

http://www2.deloitte.com/ng/en/pages/energy-and-resources/articles/crude-awakening-the-impact-of-plummeting-crude-oil-prices-on-company-finances.html?Id=ng:2sm:3li:4dcom_share:5awa:6dcom:energy_and_resources

I believe this will push renewables into the lime light more .....

Solar will benefit as panels become cheaper and better ....

Wind energy use will increase ..

Biomass will definitely expand with new plants scheduled to open in 2016.

How will low oil prices promote renewables?

You have it exactly backwards.

Who will be the winners?

Those people who have socked away the money during the good times and can survive for the next two to three years.

When oil and gas comes back, there will be a huge shortage of experienced personnel and remuneration for these people will be fantastic.

It helps if you:-

Live in a developing country with a low cost of living.

Don't have a mortgage.

Don't have children.

Don't have a high maintenance wife, or are single.

Rubbish .

Solar is getting cheaper, why do you think huge solar farms are opening up in Asia, Afica & ME.

You do know that ALL renewables are subsidized and that oil is taxed, right?

What has caused the sudden fall in oil price? What effect will this have on the industry? Who will be the winners and who will be the losers?

http://www2.deloitte.com/ng/en/pages/energy-and-resources/articles/crude-awakening-the-impact-of-plummeting-crude-oil-prices-on-company-finances.html?Id=ng:2sm:3li:4dcom_share:5awa:6dcom:energy_and_resources

I believe this will push renewables into the lime light more .....

Solar will benefit as panels become cheaper and better ....

Wind energy use will increase ..

Biomass will definitely expand with new plants scheduled to open in 2016.

How will low oil prices promote renewables?

You have it exactly backwards.

I don't think the price will stay down forever ! give it a year and it'll be $80-90 I think,

Then renewables will really come into play ?

Who will be the winners?

Those people who have socked away the money during the good times and can survive for the next two to three years.

When oil and gas comes back, there will be a huge shortage of experienced personnel and remuneration for these people will be fantastic.

It helps if you:-

Live in a developing country with a low cost of living.

Don't have a mortgage.

Don't have children.

Don't have a high maintenance wife, or are single.

Rubbish .

Solar is getting cheaper, why do you think huge solar farms are opening up in Asia, Afica & ME.

Replying to the wrong post?

Yes, renewables are getting cheaper, but, they have a long way to go yet, especially since oil is now 70% cheaper than mid-2014.

Your argument just isn't logical.

Oil will turn into a new bull market before the year is out as the price rout shuts down sufficient production to erode the global glut, according to Goldman Sachs Group Inc.

The crash in U.S. oil futures -- which sank back below $30 a barrel on Friday to a new 12-year low -- will send the nation’s shale-oil boom spinning into reverse in the second half of the year, the bank said in a report. As U.S. production slumps by 575,000 barrels a day, global oil markets will tip from surplus to deficit, Goldman predicts.

“The key theme for 2016 will be real fundamental adjustments that can re-balance markets to create the birth of a new bull market, which we still see happening in late 2016,” analysts Jeff Currie and Damien Courvalin wrot

http://www.bloomberg.com/news/articles/2016-01-15/goldman-sachs-sees-oil-bull-market-being-born-in-today-s-crash

Edited January 25, 201610 yr by metisdead
Font size reset to standard.

Oil will turn into a new bull market before the year is out as the price rout shuts down sufficient production to erode the global glut, according to Goldman Sachs Group Inc.

The crash in U.S. oil futures -- which sank back below $30 a barrel on Friday to a new 12-year low -- will send the nation’s shale-oil boom spinning into reverse in the second half of the year, the bank said in a report. As U.S. production slumps by 575,000 barrels a day, global oil markets will tip from surplus to deficit, Goldman predicts.

“The key theme for 2016 will be real fundamental adjustments that can re-balance markets to create the birth of a new bull market, which we still see happening in late 2016,” analysts Jeff Currie and Damien Courvalin wrot

http://www.bloomberg.com/news/articles/2016-01-15/goldman-sachs-sees-oil-bull-market-being-born-in-today-s-crash

That is the same Goldman Sachs that predicted 20$ oil less than 2 weeks ago.

Who cares about the US output, there is plenty of oil outside the US, and the only thing those Saudi's have in mind is killing the fracker industry.

And it seems they are quite successful at that.

My own personal prediction is that this slump won't even start to reverse until middle to late 2018.

I don't have any predictions myself, I simply don't know enough about the market to have a qualified guess.

Some say the prices will recover late this year, some have doubts, according all the so called experts interviewed on CNN and other places.

I thankfully still have a job, don't have a mortgage, house/truck/bike payed for and can storm it out for a year or 2 if I have to.

A guy I know here in Patts, lost his very well paid off-shore job and are now looking into moving back to his home country, but okay loosing his job was not the only contributing factor but when he lost his job, he went over the hill so to speak.

Many of the off-shore guys I see here are/were as KarenBravo said living like there are no tomorrow, some bought brand new top of the range Harley's for ++1 mill baht and other very expensive items they don't really need, well well.

Who will be the winners?

Those people who have socked away the money during the good times and can survive for the next two to three years.

When oil and gas comes back, there will be a huge shortage of experienced personnel and remuneration for these people will be fantastic.

It helps if you:-

Live in a developing country with a low cost of living.

Don't have a mortgage.

Don't have children.

Don't have a high maintenance wife, or are single.

Rubbish .

Solar is getting cheaper, why do you think huge solar farms are opening up in Asia, Afica & ME.

How about the workers will all be replaced by workers from the 3rd World

Sorry to say no more Western Workers

Instead of Peak oil

We have Cheap oil for the next 40 years

If oil goes to $20

1986 ish oil was $10 dollars a barrel

Sent from my GT-I9000 using Thaivisa Connect Thailand mobile app

I don't have any predictions myself, I simply don't know enough about the market to have a qualified guess.

Some say the prices will recover late this year, some have doubts, according all the so called experts interviewed on CNN and other places.

I thankfully still have a job, don't have a mortgage, house/truck/bike payed for and can storm it out for a year or 2 if I have to.

A guy I know here in Patts, lost his very well paid off-shore job and are now looking into moving back to his home country, but okay loosing his job was not the only contributing factor but when he lost his job, he went over the hill so to speak.

Many of the off-shore guys I see here are/were as KarenBravo said living like there are no tomorrow, some bought brand new top of the range Harley's for ++1 mill baht and other very expensive items they don't really need, well well.