The US keeps bending down to Turkey over the Kurdish rebels and now we have Kurdish rebels warning they could launch suicide attacks against American interests to punish the U.S. for sharing intelligence with Turkey after Turkey bombed rebel bases in Iraq on Friday.How stupid can the US government be...VERY ...
In Nigeria, a Royal Dutch Shell PLC spokesman said attackers hit an oil facility belonging to Shell's joint venture in southern Nigeria and that some oil production has been shut down...what production was shut down???.
In Iran the Supreme Leader Ayatollah Ali Khamenei said his country will not bend to international pressure and give up its nuclear program..they keep repeating the same conversation why should this affect crude...Iran at the moment has 10 supertankers loaded with crude and no one to sell to...If the prices keep going up they will have less revenue from crude...
The dollar weakened against the euro on Monday, attracting investors to oil and other commodities viewed as hedges against inflation. Also, a falling dollar makes oil less expensive to investors overseas.
1 comment:
1) Growth in Emerging Economies --> Rising Oil Consumption --> Higher oil price
2) OPEC --> Government depend on oil income --> Cartel restricts supply --> Higher Oil price
3) Geopolitical Issues --> Cause disruption / thread of oil production --> Lower global spare capacity --> Higher Oil price
4) Peak Oil Theory --> Declining Oil production --> Less Supply --> Higher oil price
I believe oil price is going maintain its uptrend in the mid-term. I'm predicting oil price to reach $250 in 2 years' time.
Now there is a platform allows their customers to trade oil based on contract size of only 100 barrel.
Check out here:
http://allaboutoil.blogspot.com/2008/05/cheaper-and-safer-way-to-trade-oil.html
Article from http://AllAboutOil.blogspot.com/
Post a Comment