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| Economy |
| Cheap Oil |
| 2014-10-16 |
| From CNBC two days ago but relevant to WOT and economy Get used to paying less at the gas pump. Oil prices are expected to stay at their currently low levels, and possibly even drop further, due to a "perfect storm" of risk factors, analysts say. Oil prices continued to flirt with yearlong lows Monday. November Brent crude futures were down about 1.7 percent to trade near $88.50. WTI crude oil also dropped, albeit by a less dramatic amount, to near $85.49. Those decreases may only be the beginning though, according to analysts. Dan Stobler, a managing director and partner at HighTower Bellevue, said the market could see oil prices come as low as the mid-70s in the next few months. Oil at under $80 would, if it remained that way for a half year or so, be devastating for the economy of IRAN which also has other problems and would decrease the ability of various private and public donors to such entities as Hezbollah, Hamas, Islamic Jihad, etc. It would also decrease the value of Israel's new resources in the Med. US automobile users would benefit as would US trucking.Europe would benefit. So would China, Japan and Turkey. |
| Posted by:lord garth |
| #11 No one can really predict what the f... will happen. Ebola, Terror, Islamists, Baghadad take over, Russia , China-Taiwan-Japan etc. etc... Too many ??????? |
| Posted by: Lionel Thoth9784 2014-10-16 20:20 |
| #10 Ya, BTFD |
| Posted by: KBK 2014-10-16 19:05 |
| #9 Yes, after midterms. |
| Posted by: Pappy 2014-10-16 16:21 |
| #8 For your consideration - this is just a blip/dip, high priced oil will be back in 3 months... |
| Posted by: Deadeye Whererong8165 2014-10-16 11:13 |
| #7 Just in time for the election! The Dems will take credit for "Drill, Baby, Drill" - and with a straight face, too. Remember Champ tried to pass that off at the debate - "Oil production is up, on my watch." Which was mathematically true, but in spite of Champ's hope 'n' change. |
| Posted by: Bobby 2014-10-16 08:01 |
| #6 We're enslaved to marketing schemes, have been for years. Leaded gas: Burns hotter, more power, but will cost a bit more. Unleased gas: Better for the economy, but will cost a bit more. Gas with Ethanol: Burns cleaner. Better for the planet, but will cost a bit more. Gas without Ethanol: Still available for some engines, but will cost bit more. Gas for cities: Secret stuff added to meet café standards, but will cost a bit more. |
| Posted by: Besoeker 2014-10-16 07:37 |
| #5 look at Lockmart's MR-Fusion announcement. |
| Posted by: 3dc 2014-10-16 07:27 |
| #4 Having gas and also allows Israel to supply neighbours Egypt and Jordan, giving Israel greater influence and if necessary some control in those quarters. Russia -- and Egypt -- has demonstrated the value of controlling the stopcock. |
| Posted by: trailing wife 2014-10-16 03:46 |
| #3 While this may reduce the trade value of Israel's resources, it doesn't change the BTU content. Having gas & oil makes them less dependent on...certain other parties. |
| Posted by: SteveS 2014-10-16 02:08 |
| #2 It would also decrease the value of Israel's new resources in the Med. Somehow, we'll survive. |
| Posted by: g(r)omgoru 2014-10-16 02:01 |
| #1 Think what low oil prices do for terror organizations that are using the oil as the funding source for their activities..... |
| Posted by: USN, Ret. 2014-10-16 00:39 |