This is a well thought out piece on Saudis motivations around production & the oil price.
Perhaps I think its well thought out bas I agree with it.
Its something I have been saying for a while.
Sell the oil now as there may not be a market for it in the future.
Gas may be different due to its lower emissions, but oil's future in its current state has a limited life, far more limited than there are reserves, that's for sure.
Its also why In think oil can go lower or at least stay lower as its about market share & pumping as much oil as possible.
http://www.energypost.eu/historic-m...nd-oil-age-coming-opens-valves-carbon-bubble/
Wow! oils up, page-16
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add STO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.67 |
Change
0.010(0.13%) |
Mkt cap ! $24.91B | |||
| Open | High | Low | Value | Volume |
| $7.55 | $7.67 | $7.53 | $52.77M | 6.919M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 53309 | $7.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.67 | 262779 | 6 |
View Market Depth
| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| STO (ASX) Chart |