This teaser should help the s/p shasta.
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This teaser should help the s/p shasta.
Download Document 364.65KB
It'll take 25 barrels of oil to make each EV. Don't worry just cos fuel use in vehicles is starting to decline, we still have to make all those batteries and 3 billion cars to be replaced? And all the solar panels, just cos we ain't burning it directly while driving, doesn't mean it's not consuming indirectly.
Our government has waived road user charges until 2021. That only helps the early adopters. Then the cost of running will jump up. I suspect the rate will have to go up as they start missing all the return from fuel excise tax.
There will obviously be a lot of people hanging onto old Dino tech for various reasons. The problem with the technology is that it doesn't allow for a disorganized human. I can't be bothered to plug in my phone nor wait an hour to charge... How's my car gonna be different? Much rather go buy some gas.
Oils down a lot, will it go further or upside from here
ASZ 2019 competition closing in few hours
Amazing gap down from $43 to $27 when US market opened.
Black cap...
oil is headed to $20us or below...
Into the total unreal prices
:cool:
.^sc
Oh wow what is Saudi Arabia doing here...
They need $82-84us per barrel just to break even on the books...
With the demand shock this could get real ugly...
$15 barrels next is it... this is truly the twilight zone...
I just cant come to terms with how sickening that is...
:cool:
.^sc
Shrewdy,
Maybe MBS and Putin understood how painful this virus is...and is going to be. I am getting real worried about a total world shut down.
ps Don't believe Trump's claim it will be all over by Easter.
Best
to
you Shrewdy and stay isolated.
Corona invaded into commodity market as well.
Oil should bounce back in the second half of 2020. It can happen next week or next month too if corona statistics come true. I expect the average price of Brent at $35 to 40 per barrel in 2020. China is stockpiling oil. The United States also want to buy crude oil for the Strategic petroleum Reserve. Low commodities prices are boon for many industries.
https://oilprice.com/Latest-Energy-N...m-Reserve.html
I agree bermuda ... I'm sure your not to leveraged or exposed but I've certainly taken the losses and moved funds out from the energy sector ... going take some time to see crude demands back at longer term averages ..2021-22 etc ... I'll be very surprised to see Brent over $40bbl this year .. far too many energy producing nation's with excess supply..
Only hope is US Shale + Tar sands operations grind to a halt must be a list of bankruptcies coming 2H20 at these levels
Yeah wheres the excess production all going. im hearing about all those supertankers that are storing what, a billion or so barrels, and super con tango ahead. Interesting times and firsts on so many levels.
LOL and just like the end of the oil 'ego' price war ....
:cool:cc
Today the biggest day in oil price history ...
US oil prices fall into negative prices .. here I will pay you to take the barrel away....
https://www.google.com/amp/s/amp.the...ped-below-zero
:cool:cc
It hit -$40us totally unreal ... can not believe it...
:scared:cc