EGO 0.00% 12.0¢ empire oil & gas nl

what if he is right., page-4

  1. 5,453 Posts.
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    Madas. The how the pump price constructed is largely a local issue and is not the point I am making. Its the price BP will pay for our condensate if the price of condensate goes down as it is tied to the international price of Brent crude.

    The article suggests there will be some lowering in price of oil overall anyway with the present situation where there is a global oversupply of oil already due to factors stated in the article.
    The US strategic stockpile is not the problem that points to a price drop in oil. It's Russia and whether the US will use its stockpile as a weapon against it. The article suggests the price the US paid for its stockpile of oil is about $30.

    You can guess the rest as to what happens.
 
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