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The Forum > Article Comments > Can we expect a major rebound in oil prices? > Comments

Can we expect a major rebound in oil prices? : Comments

By Nicholas Cunningham, published 23/11/2018

After declining by more than 20 percent from the October peak, oil prices are showing some signs that they have now bottomed out.

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*...Anything less will be a huge disappointment and could drag oil prices back down...*

Well, believe me, over on this side of the coin, oil prices going down are a huge joy!
Posted by diver dan, Friday, 23 November 2018 9:04:37 AM
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Oh joy oh happy days when that oil boom bonanza bounces. Happy Putin, oil sheikhs and Big Bank Bottom Bucks Bull .
Posted by nicknamenick, Friday, 23 November 2018 9:33:44 AM
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>Bank of America Merrill Lynch said in a note on Wednesday. The bank said that it no longer sees Brent rising to $95 per barrel next year, as it previously thought, noting that "oil bulls have capitulated and so have we."

right....

"There are three kinds of people who make predictions on the market Ė
Those who donít know;
those who donít know they donít know;
those who know darn well they donít know and get big bucks for pretending they knowĒ

-- Burton Malkiel
Posted by Valley Guy, Friday, 23 November 2018 11:12:18 AM
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As I was reading this ..(http://www.bloomberg.com/news/articles/2018-11-21/opec-s-worst-nightmare-the-permian-is-about-to-pump-a-lot-more?fbclid=IwAR0DLCELGtSLz0CjIdSfP6e12wXuZtBtAPdccobm9UFw23x2uppnmVpFPYY ) article yesterday, I thought:

1.yet again oilprice.com have been shown to be utterly wrong
2. at least we won't get any more moronic claims from oilprices.com that an increase in prices is just around the corner - as far as they're concerned an increase in prices is ALWAYS just around the corner.

oops, I was wrong. For the evangelist, the end of the world is always nigh, irrespective of the facts.

Isn't it sad when people are sitting in the middle of a geo-political, economic and technological revolution and don't see it.
Posted by mhaze, Friday, 23 November 2018 11:32:06 AM
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It depends on whether the Saudis keep the valves half shut and Donald Trump keeps up the oil export embargo on Iran.

And, I believe, whether or not MSR thorium continues to be prohibited by U.S. law, just to protect the profits of the fossil fuel industry and big nuclear? And that then on the continuing funding of political parties and politicians? By the very generous, aforementioned?

There is so much manipulation and conflicting interests in play here and the weaponisation of oil, that only a madman with the brain power of a slug would voluntarily choose to risk his or her shirt on this roller coaster ride investment vehicle!
Alan B.
Posted by Alan B., Saturday, 24 November 2018 10:04:29 AM
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"...MSR thorium continues to be prohibited by U.S. law..."

Just for the sake of consistency I'll ask (for the 4th or 5th time) for evidence that MSR thorium is banned by law in the US.

How do you ban something that doesn't exist?
Posted by mhaze, Saturday, 24 November 2018 1:06:35 PM
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