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OPEC Declares Price War • Page 3 • Front Page News • Political Crossfire Forums

OPEC Declares Price War

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Re: OPEC Declares Price War

Postby Kane » Fri Dec 05, 2014 5:19 pm

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Re: OPEC Declares Price War

Postby Kane » Mon Dec 08, 2014 1:12 am

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Re: OPEC Declares Price War

Postby Kane » Mon Dec 08, 2014 5:32 pm

Soooo....

http://www.bloomberg.com/news/2014-12-0 ... lling.html

Still dropping. Imports/Exports out of China far weaker than expected. Europe sucks bawls. Japan might not suck balls next quarter.

Lots of oil sloshing around in the market. Iraq just lowered it's prices on oil to asian markets - likely to reflect Saudi Arabian desires to maintain and increase market share in that region as they've effectively lost the US and North America as a whole.
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Re: OPEC Declares Price War

Postby Kane » Mon Dec 08, 2014 11:01 pm

Finally looks like media outlets are taking notice and putting two and two together:

http://www.bloomberg.com/news/2014-12-0 ... share.html

This is it. This spreads and watch the other shoe drop. If you've got anything in oil get the f**k out.
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Re: OPEC Declares Price War

Postby Demosthenes » Tue Dec 09, 2014 12:30 am

“Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.” - Sir John Templeton
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Re: OPEC Declares Price War

Postby Demosthenes » Tue Dec 09, 2014 9:29 am

http://www.thetimes.co.uk/tto/news/worl ... 291537.ece

The Saudis turn the screw
“Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.” - Sir John Templeton
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Re: OPEC Declares Price War

Postby Kane » Thu Dec 11, 2014 3:57 pm

http://www.bloomberg.com/energy/

http://www.bloomberg.com/news/2014-12-1 ... o-cut.html

Eat your heart out analysts. WTI is now below $60 pb.
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Re: OPEC Declares Price War

Postby Dylan » Thu Dec 11, 2014 10:09 pm

no you're opec
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