I read that 70$ was the minimum price to equilibrium, above companies make profit with the new wells. I mean the hard to reach new places with poor quality crude oil.
Many major oil wells are declining between 7% and 15% per year. The parallel move will not last for long...IMHO. Best regards Edward Pottasch a écrit : > > Cheap oil is bad, it means recession or worse depression :) The > reasoning changes all the time. whatever fills the page. Oil and > markets now move parallel. I thought the average production costs of > oil is 70$/barrel. Guess today it's cheaper. > > > > > > > ----- Original Message ----- > *From:* brian_z111 <mailto:[EMAIL PROTECTED]> > *To:* [email protected] <mailto:[email protected]> > *Sent:* Thursday, November 06, 2008 3:02 PM > *Subject:* [amibroker] Re: OT: Fed to cut rates below 1% soon ? > > Sounds like you are on the USD (smile!) > > The news is out on the net - it's 50 bp (inflation heading down but > still above ECB target rate?). > > Sorry Ed but the FX market appears to be indifferent to such news. > > There is an eerie hush around world markets right now .... strangest > response of all is that no one is interested in the positive effect > oil at $70 has on industrial economies ... it seems to be trading in > a band capped at 70 (is oil in the tent?). > > brian_z > > --- In [email protected] > <mailto:amibroker%40yahoogroups.com>, "Tomasz Janeczko" <[EMAIL > PROTECTED]> > wrote: > > > > 150 bp cut by BoE - nice:-) Do they know something we don't know > yet? > > Time for 100 bp cut by ECB ? > > > > Best regards, > > Tomasz Janeczko > > amibroker.com > > ----- Original Message ----- > > From: "Tomasz Janeczko" <[EMAIL PROTECTED]> > > To: <[email protected] <mailto:amibroker%40yahoogroups.com>> > > Sent: Friday, October 24, 2008 8:03 AM > > Subject: [amibroker] OT: Fed to cut rates below 1% soon ? > > > > > > > Hello, > > > > > > Did you see this daily effective FED rate chart: > > > http://www.newyorkfed.org/charts/ff/ > <http://www.newyorkfed.org/charts/ff/> > > > > > > Usually effective rate follows closely target rate (currently at > 1.5%) > > > > > > In recent days effective FED rate dropped below 1%. > > > > > > It looks to me that FED is going to be walking in footsteps of > Japan central bank in '90s. > > > > > > Now EBC funds still at 3.75% ? They are going to cut fast, much > faster than FED, IMHO. > > > If situation evolves in that direction we are going to see EURUSD > = 1.0 soon > > > and probably Japanese Yen remaining the strongest currency for > months to come. > > > > > > Any thoughts? > > > > > > Best regards, > > > Tomasz Janeczko > > > amibroker.com > > > > > > ------------------------------------ > >
