Oil Price Watch

[jut703]

Even scarier, TBH. Once prices hit rock bottom, I can't imagine what the repurcussions would be like several months from then. I personally would've preferred a more stable oil price point.

Noone wants stable prices more than us in the industry. But the prices will stay low in the coming months/years. As long as it stabilizes in this low range, it shouldn't be too bad.

Sayang lang kung mapapraning lang kayo na tataas yung prices eventually. Of course it will happen, not anytime soon, but it will happen.

If you wanna stress over that, fine. But I'd rather enjoy the low prices now - appreciate the present rather than stress over the grim future that you can't do anything about anyway.


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[oj88]

Noone wants stable prices more than us in the industry. But the prices will stay low in the coming months/years. As long as it stabilizes in this low range, it shouldn't be too bad.

Sayang lang kung mapapraning lang kayo na tataas yung prices eventually. Of course it will happen, not anytime soon, but it will happen.

If you wanna stress over that, fine. But I'd rather enjoy the low prices now - appreciate the present rather than stress over the grim future that you can't do anything about anyway.


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Kaya nga bittersweet. It's both good that prices are going down, and bad when it gets to a point when excessive demand picks up the slack.

That'll mean a surge of cars on the streets, worsening traffic, and in the long term, significantly more oil consumers. Don't mistake this as me being against people owning or using their cars, but it is a reality that will definitely have long term effects. Not 6 months or 3 years. I'm thinking about my kids 10-20 years down.

OT: I'm trying to cut down on car use by buying a folding bike.

[dreamur]

I heard Isis is getting their funds by smuggling oil. What better way to kill the source by flooding the market with cheap oil?

[minicarph]

I heard Isis is getting their funds by smuggling oil. What better way to kill the source by flooding the market with cheap oil?

Kaya nga ang traffic eh lol.

Isis sells black market oil low
America activated their oil reserves as soon as Russia was able to rebound from 1989 financial crisis. Di din makabenta russia ng mahal ng oil. While the middle east cartel cannot manipulate oil prices at all time low.

China second biggest consumer to the US is having stagnant growth.

So is it a good thing or bad thing?

It's a good thing sana kung may deflation - cheap travel, cheap food, cheap factory overhead costs. But I really dont know why markets see a deflation as doomsday scenario as uncontrolled inflation, maybe to preseve the values pf their stocks, real estste, produce etc.

Yun ang nakakabwist sa markets, if going low, take the plunge. If going high, tske the profits. Eh ibang klase markets written by investors, low or high take profit. And this is why we have world woes like these. Extremism, sabotage st kung anu-ano pa.

Simply because a group wants to stay rich, and abundant all the time. That's not what God teaches us. There is a reason why there highs and lows in our lives. Dont fight it, dont control it and act like God, or else, the saying what goes around comes around will happen, living comfortably ka sa first world, then yun i-attack coz the less fortunate will uprise.

[Juan Martinez]

The global oil market was spooked by ISIS's initial advance, but now the effect is minimal - 18 things about ISIS you need to know - Vox

[sp00nman]

so me price hike o rollback po next week? TIA :D

[jut703]

so me price hike o rollback po next week? TIA :D

Rollback. 80 cents gasoline, 65 cents diesel.


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[sp00nman]

Rollback. 80 cents gasoline, 65 cents diesel.


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Salamat bosing Jut !

[Juan Martinez]

rollback:
gas- .75
diesel- .50

[sp00nman]

rollback:
gas- .75
diesel- .50

Thanks... next week kaya, rollback ulit?