aliyah
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Well..true that.....the big game is to destroy Americas shale oil and oilsands industry by flooding the market with cheap oil...big idea is that Saudis can pump out oil for 3-5$ a barrel....while American shale oil needs anywhere from $30-$50 oil...Canadian oilsands need atlest 40$ oil...to be viable...the problem with this big games is....Iraqis are sitting over a pool of oil that might rival that of Saudi arabia and they are itching to expand there markets...while Libya, iran and Syria will eventually ramp back there production...with new massive finds in various parts of the world and waning of demand in China and western countries........we are looking at extended period of gloom.....Saudis may have just bit more then they can chew! ...(any questions or disputes please go ahead and ask)We might also be able to buy oil from Iran in Indian rupees instead of US dollars. Will be good for our economy.
Also, Saudis being unfit and inexperienced is exactly the reason why they need to spend more on equipment. Since their forces are not that capable, they have to rely on machinery. And maybe some percentage of that budget goes into terrorist funding as well.
You seem to know something about the oil prices. Please project the oil prices in coming years for me. As I'm in Oil & Gas field, it is going to affect my career in a big way.Well..true that.....the big game is to destroy Americas shale oil and oilsands industry by flooding the market with cheap oil...big idea is that Saudis can pump out oil for 3-5$ a barrel....while American shale oil needs anywhere from $30-$50 oil...Canadian oilsands need atlest 40$ oil...to be viable...the problem with this big games is....Iraqis are sitting over a pool of oil that might rival that of Saudi arabia and they are itching to expand there markets...while Libya, iran and Syria will eventually ramp back there production...with new massive finds in various parts of the world and waning of demand in China and western countries........we are looking at extended period of gloom.....Saudis may have just bit more then they can chew! ...(any questions or disputes please go ahead and ask)
True, not to forget plenty of asslickers to fill in for cheap labour to industrialize if they ever venture towards it. Also most of these spending are just lavish. If they control that, plus their huge defence spending, they'd be able to at least buy more time for a different strategy.my only concern is how will it effect saudies in the long run as they have a very small population to feed and as they make billion even from mecca and madina pligrimage every year ?
On a day to day bases...nobody can project what oilpices would be like....but as far as medium to long term goes I can not foresee a future for atlest the next 2 years...with oil breaching the ceiling of $50 for any significant period of time....unless offcource...somebody nukes saudiarabia....in that case $200 oil is a possibility at least for a short while ...again there is a ton of production capacity and demand is lagging...Chinese economy seems like a dying horse...no matter how much adrenalin you pump into it...it just keeps responding less and less.....so china's new normal rate of growth is 5% or significantly less....this does not bode well for oil or most other mineral commodities for that matter :/...You seem to know something about the oil prices. Please project the oil prices in coming years for me. As I'm in Oil & Gas field, it is going to affect my career in a big way.
I know. Hundreds of thousands of people in oil & gas industry have lost their jobs. I'm fortunate to still have one. But need the industry to go back to normal for employment and salary raises to sustain.On a day to day bases...nobody can project what oilpices would be like....but as far as medium to long term goes I can not foresee a future for atlest the next 2 years...with oil breaching the ceiling of $50 for any significant period of time....unless offcource...somebody nukes saudiarabia....in that case $200 oil is a possibility at least for a short while ...again there is a ton of production capacity and demand is lagging...Chinese economy seems like a dying horse...no matter how much adrenalin you pump into it...it just keeps responding less and less.....so china's new normal rate of growth is 5% or significantly less....this does not bode well for oil or most other mineral commodities for that matter :/...
With extended instability in middle east....coupled with low oil prices are going to be pain in auschwitz of Saudis...a dictator is only popular until he can dole out the goodies....goodies are getting hard to come!True, not to forget plenty of asslickers to fill in for cheap labour to industrialize if they ever venture towards it. Also most of these spending are just lavish. If they control that, plus their huge defence spending, they'd be able to at least buy more time for a different strategy.
Man be glad that you still have a job...in US and specially Canada there is a scene of Madmax apocalypse in the oil and gas ...even the mineral industry is pretty dead!I know. Hundreds of thousands of people in oil & gas industry have lost their jobs. I'm fortunate to still have one. But need the industry to go back to normal for employment and salary raises to sustain.
Yeah. I get about a dozen messages everyday on LinkedIn from Americans, Malaysians and Indians asking me for jobs.Man be glad that you still have a job...in US and specially Canada there is a scene of Madmax apocalypse in the oil and gas [emoji14]...even the mineral industry is pretty dead!
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