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26/01/16

21:39

Post #: 16871839
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Originally posted by junior101 ↑

The appointment of Biro as head of IEA is a blessing for "fossil fuel '
investors. With his 'bias' for Renewables and obvious disregard for the
facts about oil and it's basis as a' consumer staple' in western civilization as we know it,
not to mention the enormous potential yet to be realised in the most populated areas of
the planet,his latest IEA Report is a disgrace.

This is the same man that said several years ago that 'the world will need the equivalant
of 7 Saudi Arabias' to cope with world demand by 2030.Now Biro has announced that due to a
temporary in-balance of 'demand/supply' we are now confronted with the world
"drowning in oil'...garbage...

China on a per capita basis consumes around 7 barrels of oil per day while India
consumes around 3 barrels per day ...as against developed nations of around
30-60 barrels/day.So the IEA'S..nonsense, on a potential balanced view is exposed.

Really happy to be buying AWE at current levels thanks to the market's lack
of understanding of long term oil fundamentals..plus Biro..

Cheers

Expand

Oil futures at one stage down 3%. Now showing 0.5% down. Maybe each dip will be used for short covering.

Which means AWE may follow the same pattern.

Meanwhile the North Sea are parking their rigs.

http://www.cnbc.com/2016/01/22/oil-crash-idled-rigs-stack-up-as-crisis-grips-north-sea.html

AWE Price at posting: 36.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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How low will this go?, page-31

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Nimy to raise $1.21M to explore 'newsy' WA targets

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

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