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The Forum > Article Comments > An oil price rally is likely > Comments

An oil price rally is likely : Comments

By Nicholas Cunningham, published 5/4/2018

Ongoing declines in Venezuela and concerns about heightened tension between the US and Iran have significantly raised the risk premium for oil.

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A lot of what if, wishful thinking here Nick. XXX As for ticking time bombs, look up the case for thorium, the most energy dense material in the world and the number of nations now engaged in serious R+D. XXX And don't overlook recent new massive oil finds.XXX An increase in oil stocks even as refined petrol decreases, only ever indicates attempted market manipulation by some players and possible price gouging collusion between alleged competitors? XXX And let's not forget the sheer number of affordable electric cars now rolling off China's production lines in their millions and their commitment to completely phase out any further production of, conventional combustion engines by 2020? XXX With other nations similarly committed. XXX Moreover batteries and range continue to improve! XXX Oil/fuel producers still able to use their smarts would understand that their best results, in light of the glaringly obvious, lies in volume rather than moronically manipulated margins. XXX And if that doesn't suit some oil producers, let them understand, they are the moribund masters of their own economic demise! XXX Understand, there isn't a single conventionally powered, petrol or diesel vehicle, currently plying our highways and byways; that won't run, [after a retune,] on unrefined, locally produced CNG! XXX Alan B.
Posted by Alan B., Thursday, 5 April 2018 10:02:39 AM
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