Oil will not get anywhere near $25, let alone any where else..
Enjoy your cheap petrol It aint gonna get any lower than this.. Oil will stablilise $ 50- 70 within 6 month..
BTW brent crude which is a heavier crude than the WT light blend is currently trading 15% above the so called oil price. This is the Oil pice referred to globally now by many majors.
Now Frankie, dont doubt me, Ive spent some $ 400 million of Bp`s shell, Chevrons, Woodside`s and now Bhp money over the last 10 years on their projects so when I say I know a little more than you on this, believe me ok.
The development im working on just now, is going ahead, however many more that are on the planning stage are being looked at with heavy scrutiny.
POO within 3 months $ 45-50, within 9 months $50- $70, Within 18 months $ 80 - $130 and this is without any wars or unforeseen circumstances.
Storing in tankers, get a grip... Its beeN done since the 70`s mate..you think thats new.. It will make no difference.
There is only 1 way to go on oil and every company who have the slightest connection to it- Long , very long. wheep0
