You should listen to what you are saying as oil now is expensive and very difficut to get out with am average cost to drill a hole around this coast of $ 10 000 000 USA that is for a 21 day hole so you drill to 4.5 Km and hope like hell that there is oil.
If the USA bomb Iran , Iran has the were with all to shut off 40% of the world oil supply very quickly.
The middle east is a time bomb waiting to go off i know because i work in and around that area a fair bit.
Do you understand what sour oil is, well it is what is left over after the sweet crude has flowed to the surface.
Sour is very acidic and we do not have enough refinarys to process this stuff, right now we need some 16 of them just to keep up demand.
The supply side is very tight.
Regards Dennis
OIL
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10.5¢ |
Change
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Mkt cap ! $87.71M |
Open | High | Low | Value | Volume |
11.0¢ | 11.0¢ | 10.5¢ | $11.68K | 110.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 70640 | 10.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.5¢ | 3916 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 70640 | 0.105 |
7 | 114831 | 0.100 |
1 | 20000 | 0.095 |
2 | 105000 | 0.090 |
2 | 220000 | 0.080 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 20000 | 1 |
0.125 | 100161 | 3 |
0.130 | 233900 | 4 |
0.135 | 20000 | 1 |
0.140 | 87856 | 3 |
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