Oil price cannot go down further because production cost make it not profitable to sell at lower price. So we are near a point where oil will rebound....so just be ready to pick your shares at a bargain now that it is a cheap market.
Oil rebound?? No way oil rebound!!! Oil prices set to touch US45......by tat time our country financial market has damaged and will lead to "massive bailout"
The thinking of oil getting cheaper and cheaper is not logic. There is no free lunch. Would I produce something and sell it at a loss? How long can the price drop further until we close shop? Who wants to produce oil? There are still plenty of cars on the road thirsty for oil. There is a limit a price can fall and it will stop falling. So just monitor and don't simply panic sell.
richkid, the reason oil saudi keep throwing price due to battle between shale oil vs crude oil. not posible? saudi production cost around 3-10 dollar per barrel, in the end they still profit. problem is shale oil cost production so high they cant sustain. main reason saudi try force down shale oil cut production as well.
Low oil price is good for the consumers. I can drive around with low fuel cost. The Gov don't have to subsidize the oil. So diesel, ron97 and ron95 should go down. The market should go up. If the oil price is so cheap...easy. Don't produce it. Just build a storeroom and buy from open market at a cheap price...hahaha ...let them dig and produce it. We just buy cheap and sell with a profit. that is so simple. Why all so worry? Let saudi and us fight. Petronas can stop work. Import cheap oil in the open market. hahahaha...and sell just like a pemborong lah....why have to scratch their heads...all employees can go for holidays until the oil price go up again.
Singapore is a non oil producer and yet I heard that day they are selling ron97 to Malaysia. So? Why be a oil producer when you cannot provide oil to your own country and have to buy from Singapore? Funny.
@haahaa Yeah...this is a funny world... like I said many times....humans are weird. Many things defies logics. When oil went up, everybody grumbles about the high cost and talk about inflation. Then gov tell us they subsidize billion of ringgit for us to keep the oil price low and everyone was unhappy that we are using so much money from the Gov and make the Gov poor... Now that oil is going down, they don't have to give subsidy. Yet they are still unhappy because they are getting less money from Petronas. So ??? Up unhappy Down unhappy...then?? Life is always unhappy.
Ok soalan cepu emas.... If the oil drops until it is free....is it good?? if the oil is free.....zero....is it good for the world....those with cars...answer my question...hahahaa
For those who run early , Congratulation For those who got holding power kena trap , just close your computer ,leave it in aisbox. For those who contra/hodling power , cut lose before you lose all For those who got a lot cash , can try to low down your average price and wait for miracle.
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esl_22
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Posted by esl_22 > 2014-12-12 18:29 | Report Abuse
Thought can buy at 0.180 but didn't reach..