Monday, 14 November 2016

Oil On the Slide

Meanwhile ...


Oil has been on the slide again.  Was Putin getting his hopes up a few weeks ago?  Probably a bit sobering, what the anti-Assad faction can do.  Or anti-Putin?  No need for conspiracy theories: but the first meeting between little Volodya and the Donald should have quite an agenda.  The great deal-maker may have some interesting opportunities ... 

ND

10 comments:

david morris said...

No doubt it will be 2017 before fuel prices fall in the UK though. If then.

CityUnslicker said...

Oil never stops being pumper. However, demand also keeps going up. I am unsure as to when demand will outstrip supply again and of course US shale does equal things out. I think around $48 more of less by 20% is our course for a while

Electro-Kevin said...

I think (hope) that Trump will make a good President. He is a coarse man but I didn't hear him say anything that wasn't common sense and he certainly didn't say anything illegal.

I'm sure he and Putin will have proper respect for each other.

Actually I've a horrible feeling that Trump will be assassinated before inauguration but that aside... (the Liberal missionaries see it as their divine duty to save Americans from themselves, even with violence as we've already seen this week.)

Anonymous said...

OPEC, are not the cartel they once were, it would be interesting to see by how much Iran is pumping and does, is their output affect oil spot prices?

Brazil, has found new vast offshore fields, are these coming on stream?

It's very difficult no matter how hard you try to control output and prices when you've lost your monopoly.

And the myth of Peak oil? not just yet methinks.

Electro-Kevin,

Hopefully not but yes, I've thought about a the likelihood of an assassination attempt on the president elect, Mr. Trump. Donald Trump, needs to be most careful when he walks out of Trump Towers NYC or, indeed anywhere with a sizeable population of liberal whack jobs and there are more than a few in the USofA that's for sure.

As always, "interesting times".

Blue Eyes said...

Where are we in real terms in comparison with that long glut in the 1990s?

Electro-Kevin said...

Anonymous - The establishment which he challenges would breath a sigh of relief, so it might be a bit more than a 'whack job'.

I expect in the USA that Trump supporters have a higher number of gun experts. The NRA, the rank and file police and the military. Similar to Brexit voters as well.

James Higham said...

They do have a certain power between them though.

Anonymous said...

@EK - Trumps not had an especially good start. He's going to be an alt-right Blair, spends ages promising everything, tossing out soundbites, and then on gaining power wonders what the hell to do with it.

Whilst it took Blair 4 years on a nicely-inherited economy, and general goodwill, to figure things out, Trumps got a nation so viciously divided it could rename itself after the UK Labour Party and economy ticking along (ironically, Hillary has left him an exceptionally good hand with exporting energy.)

I'm thinking he's going to be a disaster. He's already backtracking on the fence and repealing Obamacare, and I wish him luck facing down China. His comments about Apple building things in the US was the height of ignorance, Foxconn are in the process of mass automation, so unless he's planning on giving robots citizenship it's not going to happen.

He seems to be keen on repealing some of the Wall Street regulations though, although no comment on the laws revolving around a duty to maximise shareholder value, which has helped drive offshoring jobs...

It's going to be interesting nevertheless. I suspect my bourbon and rum supplies will be getting raided as the next 4 years provides all manner of horrors, with the only bright spots being watching the UK left going bonkers over it.

Electro-Kevin said...

OK

Professor Pizzle said...

Surely Trump Presidency will have a noticeable effect on the oil price? He's promising to go gang-busters on that, and the production so far has had dramatic consequences for the oil producing parasitic nations.

If he's serious about energy security the oil price could start to slide down in the coming years.

I agree with the above about manufacturing jobs and automation. That's a fight I don't think he (or anybody) can win.