Oil price may slump to US$ 20... or then again maybe not

Monday, December 22nd 2014 - 08:48 UTC

Full article 8 comments

Market analysts describes two possible international scenarios. Whichever one prevails will be decisive. But it is not happenning soon. Read full article

Comments

Disclaimer & comment rules

yankeeboy
We need to start selling off the USA strategic oil stockpiles. That will slump oil for a long time and frankly we don't need it any longer.
Dec 22nd, 2014 - 01:08 pm - Link - Report abuse 0
-+
frenchguy
another similar one : http://www.bloombergview.com/articles/2014-12-21/ready-for-20-oil
Dec 22nd, 2014 - 02:50 pm - Link - Report abuse 0
-+
Skip
Prices will always rise again eventually. And when they do, all the shake and fracking will start all over again. Saudi Arabia doesn't have a monopoly unless it is willing to live with low prices and reduced income permanently.

Indeed Saudis Arabia is doing the US a favour. Because this will lead to rationalisation in the fracking and shale industry and also prompt increased efficiencies. There's nothing like a good recession to reform and come back stronger.
Dec 22nd, 2014 - 04:30 pm - Link - Report abuse 0
-+
Captain Poppy
I hope the bolivar commies read your last paragraph and realize that is how capital/free markets work and change, adapt and adjust.
Dec 22nd, 2014 - 05:12 pm - Link - Report abuse 0
-+
Briton
Would this not be a good time to buy the oil,
save it in storage [if this is poss]
and when the oil goes up again, [ it surely will ]
then it can be re-sold at a higher price.
just a thought.
Dec 22nd, 2014 - 08:26 pm - Link - Report abuse 0
-+
Marcos Alejandro
Typical investor of the failed “oil province”

“Sold all my RKH for AFR”

Bailed out of RKH at huge loss and jumped into safer lifeboat in Afren a few weeks ago. Sorry chaps. PMO pi@@ED me off.

FIG take note.
Dec 23rd, 2014 - 04:54 am - Link - Report abuse 0
-+
Chicureo
Well very positive for Chile as we import about 89% of our hydrocarbons, but we need to insist that world copper prices are way too low. Yes, I wish you all a very Happy and Joyful Christmas!
Dec 23rd, 2014 - 05:37 am - Link - Report abuse 0
-+
yankeeboy
&. I don't know why Chile doesn't take Cochabamba for the nat gas. Bolivia is mismanaging it and I am sure the Bolivians would love to be part of Chile.
Dec 23rd, 2014 - 03:46 pm - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!