Oil
- Thread starter eyephone
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No, no, no that's a FEE not a tax...doh!!!
http://www.cnbc.com/2016/02/04/white-house-wants-10-per-barrel-fee-on-oil.html
You can slice it and dice it. You can call it a fee or a tax to the oil companies. In effect, they will pass the cost to the consumers. The link below says it's a tax. (We both know it's nonsense, government expects the oil companies to pay 1/3 of the price of an oil barrel.)
http://www.politico.com/agenda/story/2016/02/obama-oil-tax-budget-000038
But the first cycle was pre opec.
The second one started when there was super high inflation and interest rates and both kept falling.
....and then...
Crude's rally could be poised to test $60 per barrel, according to T3Live
https://www.cnbc.com/2017/11/10/crudes-rally-could-be-poised-to-test-60-dollars-per-barrel.html
...and then
As oil passes major milestone, here?s what 2018 could hold
On Tuesday, WTI crude surged to its highest level since mid-2015, surpassing the $60-per-barrel milestone right before it settled, as an explosion at a pipeline in Libya prompted the loss of around 90,000 barrels of crude.
https://www.cnbc.com/2017/12/26/as-oil-passes-major-milestone-heres-what-2018-could-hold.html
https://youtu.be/oqwzuiSy9y0
morekaos
Well-known member
eyephone said:
No, no, no that's a FEE not a tax...doh!!!
http://www.cnbc.com/2016/02/04/white-house-wants-10-per-barrel-fee-on-oil.html
morekaos said:
You can slice it and dice it. You can call it a fee or a tax to the oil companies. In effect, they will pass the cost to the consumers. The link below says it's a tax. (We both know it's nonsense, government expects the oil companies to pay 1/3 of the price of an oil barrel.)
http://www.politico.com/agenda/story/2016/02/obama-oil-tax-budget-000038
Saudi Arabia cuts oil exports. (Time to buy?)
http://www.cnbc.com/2017/07/24/oil-extends-gains-as-opec-moves-to-cap-nigeria-output.html
http://www.cnbc.com/2017/07/24/oil-extends-gains-as-opec-moves-to-cap-nigeria-output.html
morekaos
Well-known member
Winning!!!!
US reports oil exports rise to record level, just as OPEC agrees to cut back
The U.S. government reported record exports of 1.3 million barrels of crude oil per day last week.
The crude U.S. producers shipped was just a half million barrels a day less than the total OPEC and other producers agreed to hold back from the market.
U.S. data show record refining runs of 17.51 million barrels a day
http://www.cnbc.com/2017/06/01/us-reports-oil-exports-rise-to-record-level-just-as-opec-agrees-to-cut-back.html
US reports oil exports rise to record level, just as OPEC agrees to cut back
The U.S. government reported record exports of 1.3 million barrels of crude oil per day last week.
The crude U.S. producers shipped was just a half million barrels a day less than the total OPEC and other producers agreed to hold back from the market.
U.S. data show record refining runs of 17.51 million barrels a day
http://www.cnbc.com/2017/06/01/us-reports-oil-exports-rise-to-record-level-just-as-opec-agrees-to-cut-back.html
Liar Loan
Well-known member
I'm not a big follower of oil, but I do study cyclical trends for all of my investments, and oil has very long down cycles:
1948 - 1973 = 25 years
1980 - 1999 = 19 years
2008 - ???? = Only 9 years so far
http://www.macrotrends.net/1369/crude-oil-price-history-chart
1948 - 1973 = 25 years
1980 - 1999 = 19 years
2008 - ???? = Only 9 years so far
http://www.macrotrends.net/1369/crude-oil-price-history-chart
Ready2Downsize
Well-known member
Liar Loan said:
But the first cycle was pre opec.
The second one started when there was super high inflation and interest rates and both kept falling.
morekaos
Well-known member
$60 oil is the sweet spot. If we get to that price and hold everybody is happy. The producers make lots of money the consumer is not too angry and the country exports a fortune and reduces its deficit. Couple that with the export of natural gas and that?s a formula for winning
irvinebullhousing
Well-known member
RIG ? Stands to make a big comes back. At these prices, they are a bargain. Time to load up more.
morekaos
Well-known member
morekaos said:
....and then...
Crude's rally could be poised to test $60 per barrel, according to T3Live
https://www.cnbc.com/2017/11/10/crudes-rally-could-be-poised-to-test-60-dollars-per-barrel.html
morekaos
Well-known member
morekaos said:
...and then
As oil passes major milestone, here?s what 2018 could hold
On Tuesday, WTI crude surged to its highest level since mid-2015, surpassing the $60-per-barrel milestone right before it settled, as an explosion at a pipeline in Libya prompted the loss of around 90,000 barrels of crude.
https://www.cnbc.com/2017/12/26/as-oil-passes-major-milestone-heres-what-2018-could-hold.html
https://youtu.be/oqwzuiSy9y0
morekaos
Well-known member
US oil production hits 10 million barrels per day for first time since 1970
https://youtu.be/OqSiLL8U3vo
http://www.washingtonexaminer.com/us-oil-production-hits-10-million-barrels-per-day-for-first-time-since-1970/article/2647696
https://youtu.be/OqSiLL8U3vo
http://www.washingtonexaminer.com/us-oil-production-hits-10-million-barrels-per-day-for-first-time-since-1970/article/2647696