Posted on 09/29/2016 7:44:42 AM PDT by bananaman22
Oil barrel prices could climb between US$7 and US$10 by the end of the first half of 2017, according to Goldman Sachs analysts. Yesterday, OPEC surprised nearly everyone and reached a deal to curtail oil production. And now, if all members of OPEC strictly comply with their new quotas, which are to be (and that’s a reasonable “if”) agreed upon at the November meeting of the organization, Goldman is predicting a sizable recovery for the price of a barrel of oil.
For this scenario to take place, all other circumstances on oil markets must remain unchanged.
(Excerpt) Read more at oilprice.com ...
Okay U.S. oil guys, start fracking again big-time.
Fracking/shale oil will make sure OPEC’s efforts will fail.
Russia needs the money, Iran wants the money, and Saudi Arabia is already belt-tightening. Oil price spikes will be just that: A spike.
SA is getting pretty desperate. I guess we are about to find out if they have the power/influence they used to.
I wonder if this is a warning about the Bill in the House about 9/11 victims suing.
Goldman Sachs ,LOL
You can look forward for the next five years and this is the continued trend. Releasing Iran changed the whole game. The Saudis are mostly finished off on profits from oil.
Ha...yeah, they’re spouting one thing to their clients and betting on the opposite outcome themselves. Credibiilty? None.
Lots of information here. You're paying for it, might as well use it.
We should ban all Muslim-country oil from the U.S.
Produce our own.
Would create jobs here and keep us off the Saudi/Muzzie leash.
The higher OPEC oil prices go the more U.S. Fracking and more U.S jobs.
The lower gas prices go the better for my friends who have to drive their own trucks and cars for a living. If it were one quarter the price it is now everyone I know and work with would be fine.
Not only must we ban muzzie-oil from our country, but also all muzzies themselves if we want to survive.
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