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My name is Kerpal and you kicked my dog.Hi my name is Abhishek and I'm here to help.
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My name is Kerpal and you kicked my dog.Hi my name is Abhishek and I'm here to help.
Brent crude extends drop falling below $45/bbl for the first time since November 15.Despite this morning's Iran-hyped OPEC bullshit and a small draw in Gasoline, it appears the reality of surging US shale production and lagging demand is weighing down oil (and gasoline) markets...
The Oil collapse is about to trigger a crisis in junk bonds.Oil has been going straight down for weeks now. As we write this, black gold is below $43 a barrel, down 16% from its levels a month ago.
Debt Crisis?“So what?” you might ask, “Oil experiences similar drops all the time. Why is this important?”This is important, because the high yield, or junk bond market is closely associated with Oil prices. And if Oil continues to collapse we’re going to start seeing some serious contagion risks in high yield credit.
I think there is a futures market, but because of the advancements of soil and wind etc. The future is not that bright for oil. It will always be there just not at our old way of thinking.There is one thing about it that I don't understand. Isn't there a futures market? Why can't they just have some sovereign come in and go long with billions to prop it up? They use futures and derivatives to set other commodities to the exact levels they want, why can't they do that with oil anymore?
I think you will see some funny business happen eventually with the Saudi's. They have their big Aramco IPO coming up and they want that price up.There is one thing about it that I don't understand. Isn't there a futures market? Why can't they just have some sovereign come in and go long with billions to prop it up? They use futures and derivatives to set other commodities to the exact levels they want, why can't they do that with oil anymore?
The main problem is the market is being flooded, basically by the US. I've heard some argument back and forth if the demand is quite as high but that really isn't the problem. It's the supply and output.I think there is a futures market, but because of the advancements of soil and wind etc. The future is not that bright for oil. It will always be there just not at our old way of thinking.
Have to adjust to changing times. Oil will never go away in our lifetimes. Just the oil boom days are long gone.He said one company in particular down in Texas will soon have technology to make oil profitable to them at $20/barrel.