Sorry to spoilt your dream but 3 top Australian Analyst says the World Crude Petroleum could go down well below the US$30 a barrel and also last week a famous US Analyst said that it predicted that the World crude would drop to US$15 a barrel... If Iran managed to sign the non-Nuclear proliferation act, then it would have all sanctions imposed upon it by the Security Council lifted and that means it can start selling its Crude in the World Market as well. According to Maynard Keyes when you have an over abundant supply, the prices of crude will only slide one way. Guess which way... So the outlook is NOT as ROSY as people here are trying to make it. Get back to reality people... Look at the Dow Jones, SnP 500 and Nasdaq, all are in RED.... Everything is sliding down .... want to buy now ??? at your own risk.....
Robert Shiller is Wrong! There is another Crude Oil War going on between the Arab Countries and the US/Canada using Oil Shale to harvest petroleum. The Arab countries are allowing the cheap Oil to flood the market to KILL OFF this Threat from Shale Oil Companies based in USA and CANADA. With competition, the World Crude will never reach US $100 a barrel again - the is a realistic projection. Most analyst seems to think that it will get worse, crude will drop to US$30 a barrel before it gets better...and if it does, it will be at least 3 to 5 years down the road where they estimate World Crude will hover up around US$70 to US$80 depending on market supply. Everything has its timing and nobody can force anything to move faster than it's own reality.
I dont think crude oil wil drop further as now its reversal. Prevly oso many ppls said oil wil drop below 40,30,20 on feb. But now edy march my fren...evryone hv their own sight. Good luck all. Trust n believe of urself. Cheer n hv a nice weekend. Scomi GOGOGO!
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 484 views | 3 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 12567 views | 11 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
fhis
1,207 posts
Posted by fhis > 2015-03-25 15:29 | Report Abuse
good one...trend reversal in the making...