Results 1 to 6 of 6

Thread: International Crude Oil Expected To Rise In 2011

  1. #1
    Spenglerian
    „Friend of Germanics”
    Funding Membership Inactive
    Caledonian's Avatar
    Join Date
    Sep 2010
    Last Online
    Tuesday, July 26th, 2011 @ 05:30 AM
    Status
    Available
    Ethnicity
    Scottish
    Ancestry
    Scotland,England, Germany,Austria,Switzerland
    Subrace
    Alpinid
    Country
    United States United States
    Location
    Sverige snart nog
    Gender
    Age
    33
    Family
    Single adult
    Occupation
    RecyclingPlant / College Student
    Politics
    Socially Progressive Nationalism
    Religion
    Atheist, Nihilist, And Mystic
    Posts
    2,432
    Thanks Thanks Given 
    0
    Thanks Thanks Received 
    4
    Thanked in
    4 Posts

    International Crude Oil Expected To Rise In 2011

    May 6 (Bloomberg) -- Crude oil may rise to between $150 and $200 a barrel within two years as growth in supply fails to keep pace with increased demand from developing nations, Goldman Sachs Group Inc. analysts led by Arjun N. Murti said in a report.

    New York-based Murti first wrote of a ``super spike'' in March 2005, when he said oil prices could range between $50 and $105 a barrel through 2009. The price of crude traded in New York averaged $56.71 in 2005, $66.23 in 2006 and $72.36 in 2007. Oil rose to an intraday record of $122.49 today on speculation demand will rise during the peak U.S. summer driving season.

    ``The possibility of $150-$200 per barrel seems increasingly likely over the next six-24 months, though predicting the ultimate peak in oil prices as well as the remaining duration of the upcycle remains a major uncertainty,'' the Goldman analysts wrote in the report dated May 5.

    A report yesterday showed U.S. service industries expanded in April, signaling higher energy use. The Institute for Supply Management said its index of non-manufacturing businesses, which make up almost 90 percent of the economy, grew for the first time since December. China is increasing refining capacity and boosting imports to meet rising demand for the Olympic Games.

    U.S. gasoline demand typically climbs going into the summer season when Americans take to the highways for vacations. The peak-consumption period lasts from the Memorial Day weekend in late May to Labor Day in early September. Monthly fuel sales were the highest during August in five of the last six years, according to data from the Department of Energy.

    China Consumption

    China, the world's fastest-growing major economy, has more than doubled oil use since New York crude oil dropped to this decade's low of $16.70 a barrel on Nov. 19, 2001. Record prices have failed to stem rising consumption in developing nations, with demand led by China, India and the Middle East.

    Price forecasts for spot U.S. benchmark West Texas Intermediate crude oil for 2008 to 2011 were revised higher by Goldman. The 2008 price estimate was raised to $108 a barrel from $96, the 2009 forecast to $110 from $105, and 2010 to 2011 estimates are projected at $120 from $110, the analysts including Murti and Brian Singer said, citing slowing supply growth in Mexico and Russia, and low spare production capacity in OPEC.

    Deutsche Bank AG Chief Energy Economist Adam Sieminski, who forecasts oil averaging $102.50 next year, today said Asian demand and limited extra supply will keep pushing oil to record levels. There's a ``huge risk'' that prices will rise to a level, perhaps $200, ``when demand finally collapses because ordinary people can no longer afford to burn as much energy as they are burning now,'' Sieminski said in an April 25 report.

    Threats to Supply

    Oil has also rallied amid a dispute between the U.S. and Iran regarding the Persian Gulf oil producer's plan to develop nuclear energy.

    In Nigeria, Africa's biggest oil exporter, militants have attacked oil installations and kidnapped workers since the beginning of 2006, forcing Royal Dutch Shell Plc to halt output.

    In Venezuela, production has slumped to about 2.34 million barrels a day from almost 3 million barrels a day in 2002, according to Bloomberg's estimates, before President Hugo Chavez fired almost 20,000 workers who had closed the state oil company in an attempt to overthrow the government.

    Iraq's oil production has yet to reach levels attained before the U.S.-led invasion of 2003 as the country struggles with sectarian fighting and attacks on its energy infrastructure.

    Mexico's production has fallen below 3 million barrels a day since October as Petroleos Mexicanos, the state-owned oil company, failed to compensate for a 30 percent drop at Cantarell, its largest field, which accounts for 40 percent of output.

    OPEC Capacity

    ``There are supply constraints with many producers, especially from non-OPEC struggling to find new reserves and China and Middle East demand keeps growing,'' said Victor Shum, senior principal at energy consultant Purvin & Gertz Inc. in Singapore. ``The fundamentals are prompting investors to get into oil in a big way and all that points to higher prices.''

    Spare production capacity of the Organization of Petroleum Exporting Countries is low and the group's exports may fall because of ``lackluster'' supply growth and rising domestic consumption in member countries, the Goldman analysts said.

    ``Non-OPEC supply is struggling to grow, with notable declines being seen in Mexico and Russia showing signs of rolling over following an extended period of rapid growth,'' said Goldman, the world's biggest securities firm by market value.

    Prices are also poised to gain as major oil-exporting countries restrict foreign investments, limiting supply growth, while demand from developing countries, or ``non-OECD'' nations is rising on economic expansion and power shortages, prompting higher demand for gasoil and fuel oil, the Goldman analysts said.

    `Super-Spike'

    Crude oil for June delivery was trading at $122.18 a barrel, up $2.21, on the New York Mercantile Exchange at 12:22 p.m. Futures yesterday rose to $119.97, the highest closing price since trading began in 1983.

    ``The core of our super-spike view has been that a lack of adequate supply growth coupled with price-insulated non-OECD demand growth'' is leading to higher prices, the analysts said. That could result in a ``sharp correction in oil demand,'' the Goldman analysts said.

    Crude oil's increase above $100 a barrel was partly because of the dollar's decline against the euro, which boosted oil prices because it made commodities cheaper for buyers outside the U.S. and attracted investors as a hedge against inflation. Oil in New York touched $100 a barrel on Jan. 2.

    The U.S. currency has declined more than 5 percent against the euro so far this year.

    Members of OPEC, which supply more than 40 percent of the world's oil, have said supplies are adequate and blamed speculators for pushing prices up to records. The producer group won't consider raising output before it meets in September as the market is well supplied, Qatari Oil Minister Abdullah al-Attiyah said on May 2.

    There's a fundamental misperception that so-called speculators are driving prices to unjustified levels, the Goldman analysts said. ``Unfortunately, we do not think the energy crisis will be solved by finding and punishing the big bad speculator.''

    Commodity investors, the Goldman analysts wrote, are ``helping to solve the energy crisis'' by speeding up the process for oil companies to spend more on energy projects and at the same time encourage efficiency.

    http://www.bloomberg.com/apps/news?p...d=ayxRKcAZi630


    Ron Larsen
    Infowars.com
    December 16, 2010

    During his hour-long radio interview on the Alex Jones show today, broadcast over GCNLive.com, longtime Alaska oil reserves expert Lindsey Williams told Alex that he’d learned recently from two of this longtime friends, both retired top executives of major oil producers, that the price of crude oil, now rising again, is slated to move to $150-200 per barrel soon. According to Williams, the equivalent price of gasoline at the pump should range then between $4-5 per gallon. In fact, the price for drivers in California is about four dollars already, he said.




    According to Williams, the equivalent price of gasoline at the pump should range then between $4-5 per gallon.

    Williams also told Alex that one of the execs had said him that the Euro is slated for collapse soon, although at an unspecified time. Once this happens, the dollar will collapse within the next two to three weeks, wiping out tens of millions of Americans financially, presumably within a few days or a few weeks.

    Lindsey emphasized once again, as he has done on all his interviews with Alex over the years, that he knows these executives very well and trusts their information because these predictions are always on target and on time. For this reason he implored Alex’s listeners to get prepared now for collapse of dollar and do whatever will be necessary for to survive and then live through this debacle.

    Fresh food that lasts from eFoodsDirect (Ad)

    Williams became a friend and trusted confidant of these executives while he served as chaplain for them and their construction crews building the Alaska pipeline during the 1970s. During that stay he learned that both of these executives were privy to the plans of the globalist elite to bring down nations of the world and create a new world order economy. Because they trusted him, they allowed him to sit in on their private meeting and listen to them discuss their often-secret plans and programs.

    Both executives have maintained their friendship with Williams since their days on the pipeline project with him. They have also been willing to reveal the future plans of the globalists every so often ever since. Furthermore, they have even let him reveal much of this information to the public during his radio interviews, through the videos he produces and through the content of his book, The Energy Non-Crisis.

    http://www.infowars.com/lindsey-will...00-per-barrel/
    National Socialism is the only salvation for Germanics and Europids everywhere. Capitalism, libertarianism, and communism is the enemy.

    National socialized collectivism must prevail over radical individualism.

  2. #2
    Funding Member
    „Friend of Germanics”
    Funding Membership Inactive
    Zimobog's Avatar
    Join Date
    Aug 2007
    Last Online
    Monday, June 20th, 2011 @ 06:01 PM
    Ethnicity
    Celtogermanic
    Subrace
    Don't know
    State
    Alaska Alaska
    Location
    Mat-Su Valley
    Gender
    Age
    44
    Family
    Married with Children
    Occupation
    disaster mitigation
    Politics
    I want my country back now
    Religion
    HFR Heathenry
    Posts
    862
    Thanks Thanks Given 
    0
    Thanks Thanks Received 
    1
    Thanked in
    1 Post
    Oil should be $17-20 per barrel by production costs. The price it actually sells for is determined by demand by speculators. Many oil-producing nations prefer to stockpile the oil they produce, much like the USA's strategic reserve. What would happen to OPEC and the speculators if the USA and other stockpiling nations suddenly flooded the market with it's reserves? A drastic drop in the price.

    I live in Alaska where gas is $3.47 a gallon, despite producing a large amount of oil ourselves. The price is controlled by speculation.

  3. #3
    Account Inactive

    Join Date
    Feb 2010
    Last Online
    Tuesday, April 5th, 2011 @ 01:02 PM
    Ethnicity
    German/Scottish
    Ancestry
    German/Scottish
    Country
    Canada Canada
    Location
    Eiskalt
    Gender
    Politics
    Bierhalle rutsch
    Religion
    Bolkstoff
    Posts
    113
    Thanks Thanks Given 
    0
    Thanks Thanks Received 
    1
    Thanked in
    1 Post


    Oil should be $17-20 per barrel by production costs.
    Crude oil below $40 in price would shut off half the world's oil production, the half that comes from tarsands, oil shale, heavy crude and the deep sea stuff.

    The price it actually sells for is determined by demand by speculators.
    The wet barrel market determines the price, WTI and Brent are just benchmarks traded back in forth in one big paper chase. Often times, the wet barrel market trades dollars higher over the two known benchmarks. Some of the Mid East blends are up to ten dollars higher than WTI, and they do not trade on an exchange.

    Many oil-producing nations prefer to stockpile the oil they produce, much like the USA's strategic reserve. What would happen to OPEC and the speculators if the USA and other stockpiling nations suddenly flooded the market with it's reserves?
    Well besides being incredibly stupid, the emerging markets would enjoy a cheaper milkshake thanks to the US government. Since the US is losing domestic consumption to competing bids from the emerging markets I would assume this trend would accelerate if the price of oil were to be mispriced lower.

    I live in Alaska where gas is $3.47 a gallon, despite producing a large amount of oil ourselves. The price is controlled by speculation.
    Last weeks EIA numbers were the lowest net imports in USA since the asian-flu in 1998-7.69 million barrels per day. Half of what imports were at the peak in 2006-14 million barrels per day. And exports have never been higher-closer to 3 million a day than ever before.

    By my reckoning oil would be well clear of $200 a barrel if the biggest importer/consumer in the world wasn't in a bone shaking recession that finds itself with some 40 million americans on assistance, and unable to afford to import what it did pre-recession.

  4. #4
    Spenglerian
    „Friend of Germanics”
    Funding Membership Inactive
    Caledonian's Avatar
    Join Date
    Sep 2010
    Last Online
    Tuesday, July 26th, 2011 @ 05:30 AM
    Status
    Available
    Ethnicity
    Scottish
    Ancestry
    Scotland,England, Germany,Austria,Switzerland
    Subrace
    Alpinid
    Country
    United States United States
    Location
    Sverige snart nog
    Gender
    Age
    33
    Family
    Single adult
    Occupation
    RecyclingPlant / College Student
    Politics
    Socially Progressive Nationalism
    Religion
    Atheist, Nihilist, And Mystic
    Posts
    2,432
    Thanks Thanks Given 
    0
    Thanks Thanks Received 
    4
    Thanked in
    4 Posts
    On December 16, Lindsey Williams told Alex Jones the price of crude oil will soon hit $150-200 per barrel and this would translate into gas prices in the range of $4-5 per gallon. Williams, an ordained Baptist minister who went to Alaska in 1971 as a missionary, was told about the price increase by insiders in the oil industry he had befriended.




    The global elite are conspiring to send oil prices crashing through the $200 dollar a barrel mark as part of an organized agenda to hike profits, bring about a global economic crash and torpedo the middle class.

    Following Williams’ revelation, the price of oil moved up. Crude oil hit $95 a barrel on Monday for the first time in over two years. The most-accurate forecasters in the oil market a year ago are forecasting a second straight year of gains in 2011. Sanford C. Bernstein & Co. says crude will average $90 this year. Natixis Bleichroeder Inc., which tied with Bernstein, sees $100 a barrel, 26 percent higher than in 2010, according to Bloomberg.

    “Crude oil prices are up, and people expect them to keep going up,” said Tim Evans, an energy analyst at Citi Futures Perspective in New York. “It speaks to the frame of mind that people are in more than it speaks to the underlying reality. We have no physical tightness here.”

    Hedge fundsters and investors are in a frame of mind betting on increasing oil prices. The funds and other large speculators increased net-long positions, or wagers on rising prices, Bloomberg notes.

    Oil experts are predicting $3.75 a gallon gas prices. On Christmas Day, the average nationwide price of self-serve regular hit $3 and by year’s end the average price reached $3.06.

    “We learned in 2008 that $4-a-gallon gas is a deal-breaker for the economy,” Joel Naroff, president of Naroff Economic Advisors, told USA Today. “If it happens, it’s not sustainable. There’s only so much the consumer will bear.”

    In late December, Shell Oil exec John Hofmeister predicted $5 per gallon gas prices within two years. In addition, he warned of shortages and rationing by the end of the decade.

    In 2005, according to insiders, oil price increases were plotted by the Bilderbergers. Henry Kissinger told Bilderberg attendees that oil prices would double over the next year.

    During their 2006 meeting in Ottawa Canada, Bilderberg agreed to push for $105 a barrel before the end of 2008. This information was gleaned from sources inside Bilderberg who have proven reliable in the past, Paul Joseph Watson wrote on September 17, 2007.

    “The global elite are conspiring to send oil prices crashing through the $200 dollar a barrel mark as part of an organized agenda to hike profits, bring about a global economic crash and torpedo the middle class,” Watson added.


    On Tuesday, oil prices slipped below $90 per barrel. Crude oil for February delivery finished down $2.17, or 2.4%, to $89.38 a barrel, according to NASDAQ.

    http://www.infowars.com/oil-continues-steady-climb/
    National Socialism is the only salvation for Germanics and Europids everywhere. Capitalism, libertarianism, and communism is the enemy.

    National socialized collectivism must prevail over radical individualism.

  5. #5
    Senior Member
    Uwe Jens Lornsen's Avatar
    Join Date
    Sep 2017
    Last Online
    7 Minutes Ago @ 01:19 AM
    Status
    Prolonged Absence
    Ethnicity
    German
    Ancestry
    Jutland
    Subrace
    Nordid
    Country
    Germany Germany
    State
    Schleswig-Holstein Schleswig-Holstein
    Gender
    Age
    48
    Zodiac Sign
    Taurus
    Family
    Widowed
    Politics
    cons. old fashion worker class
    Religion
    Philosophical Archaic Christian
    Posts
    1,032
    Thanks Thanks Given 
    549
    Thanks Thanks Received 
    313
    Thanked in
    260 Posts

    Arrow Goldman Sachs predictions too positive

    Worth to be re-read , I think .

    When remembering the past four month 3th third of 2018 @ oilprice dot com , there Goldman Sachs had been cited several times with predictions of oil prices , for the end of the past year 2018 they predicted $80 .

    Overall it seems , that GS predictions are generally too positive from the producer's viewpoint .

    Also some Big Oil Major claimed , that they would be fine with $50 oil ; don't remember anymore if BP, Shell, Exxon Mobile, or another .


    Never the less , $65 for WTI and $72 for Brent turned out to be the average of year 2018 , with Dez. 24 year's low and Oct. 3 year's high .

    Brent crude oil averaged $72 per barrel (b) in 2018, and West Texas Intermediate (WTI) averaged $65/b in 2018. The prices for both crude oils finished the year lower than they began it. Brent and WTI each hit their highest prices during the year on October 3 at $86/b and $76/b, respectively. Prices for each benchmark fell quickly after that, and on December 24, Brent reached an annual low of $50/b and WTI reached an annual low of $43/b.

    Brent ended the year at $54/b, $13/b lower than it began the year, and WTI ended the year at $45/b, $15/b lower than it began the year. This year marks the first time since 2015 that crude oil prices for these benchmarks ended the year at a lower price than at the beginning of the year.
    https://www.hellenicshippingnews.com...egan-the-year/








    For the year 2005 and Bilderberger's oilprice virtual reality , verschwörungs theorie , conspiration thoughts :

    Form tecson . de
    https://www.tecson.de/oelweltmarkt.html


    It appears to me , that heating oil is the new gold among the many heating ressources , that will be still comparatively low cost over decades , and does not need a complete new installation of a heating system with burner , vessels , pipes , tanks ; and people should not change the heating system just because the world market price for one ressource is temporarily sky rocketed .
    Mk 10:18 What do you call me a good master, no-one is good .

    Gylfaginning 1.39 But on wine alone Odin in arms renowned Forever lives.

  6. The Following 2 Users Say Thank You to Uwe Jens Lornsen For This Useful Post:


  7. #6
    Senior Member
    Uwe Jens Lornsen's Avatar
    Join Date
    Sep 2017
    Last Online
    7 Minutes Ago @ 01:19 AM
    Status
    Prolonged Absence
    Ethnicity
    German
    Ancestry
    Jutland
    Subrace
    Nordid
    Country
    Germany Germany
    State
    Schleswig-Holstein Schleswig-Holstein
    Gender
    Age
    48
    Zodiac Sign
    Taurus
    Family
    Widowed
    Politics
    cons. old fashion worker class
    Religion
    Philosophical Archaic Christian
    Posts
    1,032
    Thanks Thanks Given 
    549
    Thanks Thanks Received 
    313
    Thanked in
    260 Posts

    Oil Insurance Limited

    Big Oil has at least one major insurer : Oil Insurance Limited .

    Their member's list does not include players like British Petroleum and Shell , nor any Russians and Arabs .
    https://www.oil.bm/membership/current-members

    Oil Insurance Limited (OIL) was formed in 1972 by 16 energy companies in response to two large-scale industry accidents that occurred in the late 1960s. The combination of an oil spill in Santa Barbara, California and a refinery explosion in Lake Charles, Louisiana resulted in inadequate coverage and pricing provided by the commercial markets, which triggered the formation of OIL.

    At the time of its formation, there was little confidence in the insurance industry that the organization would even survive. In an article in the London times from February 23rd of that year entitled ‘Concern as oil firms bypass London insurance market,’ the outlook for OIL was bleak. The London market’s view at the time was that OIL would not be able to cope indefinitely with its insurance load.

    Over forty years later, OIL is still in business. It is a world leader in global energy insurance and has achieved many milestones and seen significant growth since its inception:

    Membership has grown from 16 members in 1972 to 50+ members in 2018.
    Globally insured assets have grown from $48 Billion in 1972 to close to $3 trillion in 2017.
    Shareholder’s equity has grown from $160,000 in 1972 to over $4.3 Billion in 2017.
    Total assets have grown from $160,000 in 1972 to over $7.3 Billion in 2017.
    OIL is rated A (stable) by Standard & Poor’s and A2 by Moody’s.

    OIL is headquartered in Bermuda, a major international (re)insurance and financial services center.
    https://www.oil.bm/about-oil/at-a-glance
    Mk 10:18 What do you call me a good master, no-one is good .

    Gylfaginning 1.39 But on wine alone Odin in arms renowned Forever lives.

  8. The Following User Says Thank You to Uwe Jens Lornsen For This Useful Post:


Similar Threads

  1. Crude Awakening
    By Leonhardt in forum Health, Fitness & Nutrition
    Replies: 5
    Last Post: Monday, February 6th, 2012, 04:55 PM
  2. Replies: 0
    Last Post: Tuesday, June 28th, 2011, 04:09 AM
  3. 1,238 Billion Barrels of Oil Reserves: Is This an Oil Price Bubble?
    By Hanna in forum Economics, Business, & Finance
    Replies: 3
    Last Post: Monday, July 14th, 2008, 04:04 AM
  4. Is the BNP Too Crude for Power?
    By Loftor in forum England
    Replies: 55
    Last Post: Sunday, June 22nd, 2008, 03:27 PM
  5. Tsunami Poll Passes 22,000, Expected To Rise
    By PsycholgclMishap in forum Articles & Current Affairs
    Replies: 8
    Last Post: Tuesday, January 4th, 2005, 09:36 AM

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •