Cheap oil affecting Venezuela

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mrdegdeg
Posts: 170
Joined: Sun Jan 19, 2014 6:03 pm

Re: Cheap oil affecting Venezuela

Post by mrdegdeg »

AbdiJohnson wrote:Companies have been increasing production to offset loses, at least maintain their market share and give investors a return that they expect.

It will fall lower. I suspect $30 by April

I am,

Abdi "No one will decrease production" Johnson
See that's what cant be sustained, they are already making big losses with oil this low. Eventually balance will restore and prices will be back to 100 for a barrel. No one will benefit in the long term with these prices. Its just a repeat of Regan tactics in the 80's. They got Saudis to over produce then to get rid of the USSR. Give it 2 years before it goes all normal again.
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