Article

2015-12-14 International-UN-NGOs

Oil poised to recover in 2016, predict experts

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Posted by Steve White 2015-12-14 00:00|| || Front Page|| [11134 views ] Top

#1 Now we get to test the theory that fracked shale oil puts a price ceiling on the price of oil- and indirectly on gasoline at the pump.

Guess the saudi oil ticks need some new limos, or jihadi armies or something.

Enjoy the low gas prices while they last.

Posted by Nguard 2015-12-14 00:38|| 2015-12-14 00:38|| Front Page Top

#2 I'd wager that, rather than US shale, it will be lower cost overseas projects (H/T to the Citi analyst who compiled that chart) that cap oil prices for the foreseeable future. It's tough to imagine the finance crowd, having been so recently burned by US shale, coming back while there are much lower cost alternatives that can supply the world's needs for a few years overseas. Financial instability or political instability, pick your poison.

Posted by Halliburton - Foreign Affairs Division 2015-12-14 08:34|| 2015-12-14 08:34|| Front Page Top

#3 Supply...plunge? Really? Last time I heard (just a few weeks ago) they were running out of places to put the stuff due to a glut.

Posted by Spinesing Gray3122 2015-12-14 08:40|| 2015-12-14 08:40|| Front Page Top

#4 The surplus supply still exists but it has been shrinking the last three months. The surplus seems to have been driven as much by decreased Chinese demand as by increased fracked supply. Historically, the faster prices fall - and they have fallen at record rates - the harder the bounceback once the supply is short of the demand.

Posted by Glenmore 2015-12-14 08:43|| 2015-12-14 08:43|| Front Page Top

#5 It's only got to be good when OPEC is not in control of the spigot.

Posted by JohnQC 2015-12-14 09:43|| 2015-12-14 09:43|| Front Page Top

#6 as of this post, WTI is at $35 and Brent is a $37

I doubt that many fracking operations are profitable at these prices.

Posted by lord garth 2015-12-14 10:16|| 2015-12-14 10:16|| Front Page Top

#7 Time to add to the strategic petroleum reserve?

Posted by Sven the pelter 2015-12-14 11:18|| 2015-12-14 11:18|| Front Page Top

#8 I wonder, Is there a "Fix" In on the gallons used by CHEVROET, A "PRICE FIX', for yeas now I've wondered about the miles driven per gallon.

My Toyota gets 39MPG and for years the standard was 20, I'm a master mechanic, and I wonder about collusion, between "BIG OIL' and the "BIG THREE ' carmakers.

It seems easy to add overdrives to the cars, and slow the engines (Buns less per mile) with the interstates you have flatter (Smother) travel.

I hear (Rumor) Caddy is testing 7 and 8 speeds (YES overdrives) bet we never hear of these again.

Posted by Redneck Jim 2015-12-14 11:32|| 2015-12-14 11:32|| Front Page Top

#9 redneck jim

the next big thing in vehicle gas mileage is in hybrid trucks, VIA Motors will likely be going IPO in Feb or March and will probably sell 30k to 60k in 2016 -- vehicles will get 40+ mpg and the ones used for local delivery will probably use only electricity

of course electricity isn't free either and the tax expenditure is high ($7k to $10k per vehicle)

within a few years, this will actually make a difference in the total US consumption

Posted by lord garth 2015-12-14 11:46|| 2015-12-14 11:46|| Front Page Top

#10 If you calculate the Fed and Treasury printing a lot more money without backing, the subsequent resultant inflation will be reflected in higher prices.

Posted by Procopius2k 2015-12-14 13:14|| 2015-12-14 13:14|| Front Page Top

#11

I hear (Rumor) Caddy is testing 7 and 8 speeds (YES overdrives) bet we never hear of these again.

GMC, and probably other GM divisions, introduced 8 speed automatics a year ago on large SUVs.

Posted by Halliburton - Foreign Affairs Division 2015-12-14 21:08|| 2015-12-14 21:08|| Front Page Top

22:26 JosephMendiola
22:23 JosephMendiola
22:10 regular joe
22:09 JosephMendiola
21:08 Halliburton - Foreign Affairs Division
20:48 Charles
20:28 KBK
19:53 Sgt. Mom
19:23 RandomJD
19:13 Thing From Snowy Mountain
18:46 Procopius2k
18:42 Pappy
17:41 Bright Pebbles
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16:58 JohnQC
16:45 g(r)omgoru
16:33 Frank G
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