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BREAKING ON BLOOMBERG.... Ambani Says Refiners Must Prepare for $100 or more Oil as New Norm
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[quote:Anonymous Coward 970354:MV8xMDY1Mzk5XzE2OTE4NDI4XzRBNUVCNTQ4] [quote:1-2-Follow] Totally. http://www.godlikeproductions.com/forum1/message1065391/pg1#16918217 Speculation of $10 bucks a gallon is what I read right after the rig disaster. why? it was an EXPLORATORY rig. do you know what that means? that oil had not even been figured into production. you're all suckers for the game they play. they could say it's too windy outside and that oil has to go up to $100 a barrel because of it and you fools would believe it. past has shone though the price per barrel doesn't make much difference at the pump. i've seen it above $100 and it be $4.00 at the pump, i've seen it above $100 and seen it around $2.00 at the pump. it's all a fucking charade. [/quote] I totally agree. It's always about speculation. They will use anything. [/quote]
Original Message
May 14 (Bloomberg) -- Refiners must be ready for oil prices to rebound to more than $100 a barrel on growing consumption in Asia, said Mukesh Ambani, Asia’s richest man.
“We have to again be actively prepared to see a three- digit oil price” amid sluggish refining growth and higher marginal cost of production at new fields, Ambani, chairman of Reliance Industries Ltd., said in a speech at a conference in Mumbai today.
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