Discussion in 'Business & Economics' started by Saint, Nov 25, 2018.
Why did oil price drop recently?
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(cheaper than deep sea drilling)
the dollar is rising
(maybe? because the fed is tightening?)
More supply (Arabs selling more, some tight oil supplies being opened up)
Less demand (fuel efficiency of cars, trains, ships and aircraft rising since the 1970's, and China is seeing a slowdown in demand)
Enjoy it while you can; prices will be rising again soon. The Arabs can't keep their output at this level for long.
hedge funds have been divesting their oil futures contracts recently.
some think that we could see $39.00 oil soon
(based on the inflation adjusted low of 2016?)
Trump is helping ignore a murder for the Saudis, of course they will ramp production up for the holidays. We are amoral pigs.
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