Crude Oil

[Packersoldkidney]

Thanks for the detailed reply, Skinny: superbly argued for an internet forum or indeed for anywhere else. I'm glad your focus is making money out of the Canucks and not us Aussies as I think we'd walk away lighter of pocket out of the exercise.

[Halebop]

I'm with the Kidney on this Skinny, nice analysis! I disagree with him on one issue though - feel free to fleece the Aussies!

[Packersoldkidney]

Hey, Hale, we can't compete at the moment by buying all the Pacific islanders and South Africans we have now in the Wallaby setup. How are we going to compete if you take our money away from us and we have to rely on homegrown talent?

[Cooper]

quote:Originally posted by skinny
my 2c...

Only 2c? Bargain!

[ASXIOU]

http://money.cnn.com/magazines/fortu...05/29/8378002/

interesting article on oil

[bermuda]

Saudi main oil fields are now declining at over 2 % per annum.It's official.

[Packersoldkidney]

quote:Originally posted by bermuda

Saudi main oil fields are now declining at over 2 % per annum.It's official.

That has been happening for some years, you'd think.

[Mick100]

quote:Originally posted by bermuda

Saudi main oil fields are now declining at over 2 % per annum.It's official.

Thanks bermuda

I have heard from a credible source that the old giant feilds of Saudi Arabia are decling at a rate of 8% per yr

http://www.netcastdaily.com/fsnewshour.htm

go to the 39th minute of the first hour to listen

,

[clearasmud]

As investors we have little to worry about a collapse in the oil price as opec now has the power to manage the oil price and I believe $60-$65 is their target.

We have noticed all our shares shot to pieces because of $70 oil and to a lessor extent $3 copper etc.This is of course because of inflation and recession fears

So oil will fall back into the range and everybody will be happy for the time being.

[airedale]

Hi Mick et al, Yesterday's Press reports that Alan Bollard and the Reserve Bank are forecasting a US$ 20 fall over the next two years back to US$50. The whole tone of the article is so soooothing-don't worry everything will be fine.
I tend to believe Matthew Simmons instead.