Oil: how low can it go?
Discussion
A lot of us got the same deal a few months ago. They haven't had a big application for them (not sure why, 
) so have extended it to the whole company. However it's conditional so if they require your skills they will still turn you down even if you have applied. The people I know who took the previous round are leaving the industry to do other things (PhD, become a teacher etc.). The package with the biggest acceptance is the early retirement package, which is very very good.
Tell me about it, transferring money home is horrible now compared to a few years ago.
) so have extended it to the whole company. However it's conditional so if they require your skills they will still turn you down even if you have applied. The people I know who took the previous round are leaving the industry to do other things (PhD, become a teacher etc.). The package with the biggest acceptance is the early retirement package, which is very very good.Tell me about it, transferring money home is horrible now compared to a few years ago.
It's too low now. The result will be that many projects will be put on hold and older assets decommissioned meaning that in a couple of years time, the supply will be vulnerable, apart from the baddies (RSA, Russia etc.).
Back up to $70-80 would be nice. Low enough to keep fuel costs reasonable but high enough for the North Sea to operate
Steve
Back up to $70-80 would be nice. Low enough to keep fuel costs reasonable but high enough for the North Sea to operate
Steve
Steve vRS said:
It's too low now. The result will be that many projects will be put on hold and older assets decommissioned meaning that in a couple of years time, the supply will be vulnerable, apart from the baddies (RSA, Russia etc.).
Back up to $70-80 would be nice. Low enough to keep fuel costs reasonable but high enough for the North Sea to operate
Steve
perhaps it will give the north sea a bit of time to refill again Back up to $70-80 would be nice. Low enough to keep fuel costs reasonable but high enough for the North Sea to operate
Steve
http://www.rense.com/general63/refil.htm
ukwill said:
On paper I've lost a fair bit on oil over the past 18mths. I'm left holding the paper, hoping that we'll see a turn, but I just can't see it occuring in the next few years. Which makes me 
I just hope the company I invested in can ride the storm...
If you were active you could have done a lot of shorting and repositioned yourself for the upturn in x many years. Think you could still do it now, but closer to the bottom so more risky. What company is it that you're in? I just hope the company I invested in can ride the storm...RDMcG said:
Well...looks like $30 is approaching. I then it will go lower.
Quite possible.http://www.bloomberg.com/news/articles/2016-01-06/...
Link said:
Brent oil will slump to $30 in the next 10 days, according to Nomura Holdings Inc., while UBS Group AG sees an oversupply pushing prices even lower.
skyrover said:
perhaps it will give the north sea a bit of time to refill again
http://www.rense.com/general63/refil.htm
I read that article and thought it was quite interesting, then I went to the sites homepage......http://www.rense.com/general63/refil.htm
Welshbeef said:
Indy ref SNP Scotland were banking on $110 per barrel - good job it was a bonus and not a component part to their budget.
I wonder how Norway is looking now?
Absolutely screwed over here! Lots of jobs gone. Statoil has offered everyone in the company a voluntary redundancy package for example. Kroner value has fallen off a cliff. Think we haven't got to a big housing market collapse yet, but think it will be dropping in some places soon (Stavanger for example). At least there is a massive government savings account though, unlike what Scotland would have had.I wonder how Norway is looking now?
2fast748 said:
skyrover said:
perhaps it will give the north sea a bit of time to refill again
http://www.rense.com/general63/refil.htm
I read that article and thought it was quite interesting, then I went to the sites homepage......http://www.rense.com/general63/refil.htm
http://www.nytimes.com/1995/09/26/science/geochemi...
I wonder how long the Saudi's will make everyone bleed for? Quite a bit longer if Iran and they are still having this spat I guess. Can't be too many people who can punish both Iran and USA at one go !
Ironically of course this is one of the arguments for wind etc, only God can turn on/ off the taps. Pro's and con's for all energy sources of course.
Ironically of course this is one of the arguments for wind etc, only God can turn on/ off the taps. Pro's and con's for all energy sources of course.
Edited by Gandahar on Thursday 7th January 13:47
2fast748 said:
skyrover said:
perhaps it will give the north sea a bit of time to refill again
http://www.rense.com/general63/refil.htm
I read that article and thought it was quite interesting, then I went to the sites homepage......http://www.rense.com/general63/refil.htm
http://www.gasresources.net/
http://principia-scientific.org/the-true-origin-of...
It's quite some time since researchers at the Royal Institute of Technology (KTH) in Stockholm proved that fossils from animals and plants are not necessary for crude oil and natural gas to be present, but the topic remains highly controversial.
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