Straylambs
IMO current oil slump is because of 2 things
1)The Americans trying to close Russias economy down because of the latest wars etc
http://www.news.com.au/finance/econ...et-war-on-russia/story-e6frflo9-1227160860899
2) We are going back to recession. Basically governments dont want to admit it but we are heading back for a major recession. So the only way to get things moving is to reduce oil prices. We are all happy we can fill our tanks up for £10 -£20 less and also the price of goods drop for consumers because they are cheaper to transport. However they can only sustain this for so long because of the tax and VAT they are losing out on.
I mean 6 months ago we were running out of oil by 2040 and now we have that much it has to drop. Sorry not buying this from governments.
http://www.imeche.org/knowledge/themes/energy/energy-supply/fossil-energy/when-will-oil-run-out
- Forums
- ASX - By Stock
- At what point is the Oil & Gas Sector attaractive as an investment?
Straylambs IMO current oil slump is because of 2 things 1)The...
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FAR (ASX) to my watchlist
|
|||||
Last
50.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.20M |
Open | High | Low | Value | Volume |
49.5¢ | 50.0¢ | 49.5¢ | $43.20K | 86.49K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 21776 | 50.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.5¢ | 94070 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 38702 | 0.495 |
1 | 99999 | 0.490 |
2 | 104597 | 0.485 |
4 | 260000 | 0.480 |
1 | 100000 | 0.475 |
Price($) | Vol. | No. |
---|---|---|
0.505 | 94070 | 2 |
0.510 | 200000 | 2 |
0.515 | 120000 | 2 |
0.520 | 335203 | 4 |
0.525 | 118000 | 2 |
Last trade - 15.57pm 23/08/2024 (20 minute delay) ? |
Featured News
FAR (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online