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How Low Can Oil Go? Goldman Says $20 a Barrel Is a Possibility

 
General Drunkin Stumblefuck
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09/12/2015 10:30 PM
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How Low Can Oil Go? Goldman Says $20 a Barrel Is a Possibility
[link to bloom.bg]




Goldman trims 2016 West Texas price forecast to $45 a barrel
Surplus seen persisting next year amid OPEC output growth
The global surplus of oil is even bigger than Goldman Sachs Group Inc. thought and that could drive prices as low as $20 a barrel.
While it’s not the base-case scenario, a failure to reduce production fast enough may require prices near that level to clear the oversupply, Goldman said in a report e-mailed Friday while cutting its Brent and WTI crude forecasts through 2016. The International Energy Agency predicted that crude stockpiles will diminish in the second half of next year as supply outside OPEC declines by the most since 1992.
“The oil market is even more oversupplied than we had expected and we now forecast this surplus to persist in 2016,” Goldman analysts including Damien Courvalin wrote in the report. “We continue to view U.S. shale as the likely near-term source of supply adjustment.”


Moran link

Last Edited by Uncle Fuck Stick on 09/12/2015 10:30 PM
:4hlick:
Anonymous Coward
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09/13/2015 10:36 AM
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Re: How Low Can Oil Go? Goldman Says $20 a Barrel Is a Possibility
Oil can only go so low.


$40.00 a barrel is the bottom.
<SIHT>

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09/13/2015 10:47 AM
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Re: How Low Can Oil Go? Goldman Says $20 a Barrel Is a Possibility
Oil can only go so low.


$40.00 a barrel is the bottom.
 Quoting: Anonymous Coward 70303281


How do you figure?

They can manipulate markets as much as they feel necessary
Anonymous Coward
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09/13/2015 11:09 AM
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Re: How Low Can Oil Go? Goldman Says $20 a Barrel Is a Possibility
Goldman Says oil drops to $20 a Barrel...meanwhile gasoline prices will only drop a few cents per gallon.

Watch during this time how many refineries will need to shutdown for "maintenance" or other nefarious reasons to keep gasoline prices high and maximize their profits.

Idol1
Anonymous Coward
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09/13/2015 11:09 AM
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Re: How Low Can Oil Go? Goldman Says $20 a Barrel Is a Possibility
The world does not need oil.

The same technology in this video could be used to power home generators in every house. No more electric bills. No more heating bills.

Oil = Forced slavery.

Anonymous Coward
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09/13/2015 11:35 AM
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Re: How Low Can Oil Go? Goldman Says $20 a Barrel Is a Possibility
the prices are manipulated by politics and the only reason they are sending it low is to squeeze Russia otherwise it would be 200 dollars a barrel and climbing
Anonymous Coward
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09/13/2015 11:37 AM
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Re: How Low Can Oil Go? Goldman Says $20 a Barrel Is a Possibility
[link to bloom.bg]




Goldman trims 2016 West Texas price forecast to $45 a barrel
Surplus seen persisting next year amid OPEC output growth
The global surplus of oil is even bigger than Goldman Sachs Group Inc. thought and that could drive prices as low as $20 a barrel.
While it’s not the base-case scenario, a failure to reduce production fast enough may require prices near that level to clear the oversupply, Goldman said in a report e-mailed Friday while cutting its Brent and WTI crude forecasts through 2016. The International Energy Agency predicted that crude stockpiles will diminish in the second half of next year as supply outside OPEC declines by the most since 1992.
“The oil market is even more oversupplied than we had expected and we now forecast this surplus to persist in 2016,” Goldman analysts including Damien Courvalin wrote in the report. “We continue to view U.S. shale as the likely near-term source of supply adjustment.”


Moran link
 Quoting: General Drunkin Stumblefuck


What happened to peak oil, lab coats wrong again, earth is constantly producing oil.
<SIHT>

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09/13/2015 11:38 AM
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Re: How Low Can Oil Go? Goldman Says $20 a Barrel Is a Possibility
The world does not need oil.

The same technology in this video could be used to power home generators in every house. No more electric bills. No more heating bills.

Oil = Forced slavery.


 Quoting: Anonymous Coward 1881090


Maybe you should put your helmet back on and take your meds...

Everything we interact with on a daily basis is because of petroleum.

You wear clothes and eat food right?

Oil.
Anonymous Coward
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09/13/2015 11:52 AM
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Re: How Low Can Oil Go? Goldman Says $20 a Barrel Is a Possibility
Goldman Says oil drops to $20 a Barrel...meanwhile gasoline prices will only drop a few cents per gallon.

Watch during this time how many refineries will need to shutdown for "maintenance" or other nefarious reasons to keep gasoline prices high and maximize their profits.

Idol1
 Quoting: Anonymous Coward 70071180


^^^ This and if the Gov't permit the BS...
Bullwinkle
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09/13/2015 12:37 PM
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Re: How Low Can Oil Go? Goldman Says $20 a Barrel Is a Possibility
Oil could go to $20/bl but refineries would shut down long before that. A number of refineries have already shut down or had accidents. A publicly announced massive refinery shut down would probable happen just under $35/bl
Anonymous Coward
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Svalbard and Jan Mayen
09/13/2015 12:41 PM
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Re: How Low Can Oil Go? Goldman Says $20 a Barrel Is a Possibility
The world does not need oil.

The same technology in this video could be used to power home generators in every house. No more electric bills. No more heating bills.

Oil = Forced slavery.


 Quoting: Anonymous Coward 1881090


yes, rubber bands and magnets can create endless energy.
Anonymous Coward
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09/13/2015 12:43 PM
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Re: How Low Can Oil Go? Goldman Says $20 a Barrel Is a Possibility
Just like in the past they will say that they aren't making enough profit to keep refineries\oil rigs running then proceed to lay off and close them down until the price of oil goes back up and they can make a 75%+ profit on each barrel of oil.
Anonymous Coward
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09/13/2015 12:51 PM
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Re: How Low Can Oil Go? Goldman Says $20 a Barrel Is a Possibility
The world does not need oil.

The same technology in this video could be used to power home generators in every house. No more electric bills. No more heating bills.

Oil = Forced slavery.


 Quoting: Anonymous Coward 1881090


Maybe you should put your helmet back on and take your meds...

Everything we interact with on a daily basis is because of petroleum.

You wear clothes and eat food right?

Oil.
 Quoting: <SIHT>


Perhaps if you tell me what type of helmet you are wearing, I'll know what type of helmet to avoid, if ever I need one. The same goes for your meds.

Please tell us how much oil is used for things, other than as an energy source. Is it 1% of all of the oil that goes into clothing and plastics?

That leaves 99% unneeded.

Maybe oil should sell for $1 a barrel.
Anonymous Coward
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09/13/2015 12:52 PM
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Re: How Low Can Oil Go? Goldman Says $20 a Barrel Is a Possibility
oil is cheap as fuck. I ass fuck my wife all night long with loads of oil and it only cost a buck 0 five!
Anonymous Coward
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United States
09/13/2015 12:54 PM
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Re: How Low Can Oil Go? Goldman Says $20 a Barrel Is a Possibility
The world does not need oil.

The same technology in this video could be used to power home generators in every house. No more electric bills. No more heating bills.

Oil = Forced slavery.


 Quoting: Anonymous Coward 1881090


Maybe you should put your helmet back on and take your meds...

Everything we interact with on a daily basis is because of petroleum.

You wear clothes and eat food right?

Oil.
 Quoting: <SIHT>


Perhaps if you tell me what type of helmet you are wearing, I'll know what type of helmet to avoid, if ever I need one. The same goes for your meds.

Please tell us how much oil is used for things, other than as an energy source. Is it 1% of all of the oil that goes into clothing and plastics?

That leaves 99% unneeded.

Maybe oil should sell for $1 a barrel.
 Quoting: Anonymous Coward 1881090


the majority of oil goes into making lube for ass fucking. Ever heard of petroleum jelly? Ever heard of petroleum? Yup, same thing. When you ass fuck you are putting Saudi oil all over your dick.
Anonymous Coward
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09/13/2015 01:02 PM
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Re: How Low Can Oil Go? Goldman Says $20 a Barrel Is a Possibility
The world does not need oil.

The same technology in this video could be used to power home generators in every house. No more electric bills. No more heating bills.

Oil = Forced slavery.

[link to www.youtube.com (secure)]
 Quoting: Anonymous Coward 1881090


Maybe you should put your helmet back on and take your meds...

Everything we interact with on a daily basis is because of petroleum.

You wear clothes and eat food right?

Oil.
 Quoting: <SIHT>


Perhaps if you tell me what type of helmet you are wearing, I'll know what type of helmet to avoid, if ever I need one. The same goes for your meds.

Please tell us how much oil is used for things, other than as an energy source. Is it 1% of all of the oil that goes into clothing and plastics?

That leaves 99% unneeded.

Maybe oil should sell for $1 a barrel.
 Quoting: Anonymous Coward 1881090


the majority of oil goes into making lube for ass fucking. Ever heard of petroleum jelly? Ever heard of petroleum? Yup, same thing. When you ass fuck you are putting Saudi oil all over your dick.
 Quoting: Anonymous Coward 66556705


Your comments are proof that the govt disinfo agents are desperate to keep people from understanding just what a scam the oil market is.

We keep hearing about "global warming" and "greenhouse gases", which oil is responsible for creating.

Water powered engines don't produce those things and water is abundant on the planet and reuseable.

The paid govt disinfo agents reek of desperation and failure. Your post made it very clear to all of us.
Anonymous Coward
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United States
09/13/2015 01:07 PM
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Re: How Low Can Oil Go? Goldman Says $20 a Barrel Is a Possibility
...


Maybe you should put your helmet back on and take your meds...

Everything we interact with on a daily basis is because of petroleum.

You wear clothes and eat food right?

Oil.
 Quoting: <SIHT>


Perhaps if you tell me what type of helmet you are wearing, I'll know what type of helmet to avoid, if ever I need one. The same goes for your meds.

Please tell us how much oil is used for things, other than as an energy source. Is it 1% of all of the oil that goes into clothing and plastics?

That leaves 99% unneeded.

Maybe oil should sell for $1 a barrel.
 Quoting: Anonymous Coward 1881090


the majority of oil goes into making lube for ass fucking. Ever heard of petroleum jelly? Ever heard of petroleum? Yup, same thing. When you ass fuck you are putting Saudi oil all over your dick.
 Quoting: Anonymous Coward 66556705


Your comments are proof that the govt disinfo agents are desperate to keep people from understanding just what a scam the oil market is.

We keep hearing about "global warming" and "greenhouse gases", which oil is responsible for creating.

Water powered engines don't produce those things and water is abundant on the planet and reuseable.

The paid govt disinfo agents reek of desperation and failure. Your post made it very clear to all of us.
 Quoting: Anonymous Coward 1881090


Oh, seems like the truth hit a nerve with some little fag boy bottom bitch.
OilMan

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09/13/2015 01:15 PM
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Re: How Low Can Oil Go? Goldman Says $20 a Barrel Is a Possibility
Oil has been beat down for over a year now...i doubt it will hit 20 bucks. If it does go that low it won't stay for long. A lot of oil companies are throwing in the towel globally so it won't take long for demand to shrink and shoot back up. You know there is only a 2% float on supply and demand. It won't take much to screw that up. Just a hint of under supply will send it back up.
OilMan
joan
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09/13/2015 01:18 PM
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Re: How Low Can Oil Go? Goldman Says $20 a Barrel Is a Possibility
So why are we not seeing it at the gas pumps?
Anonymous Coward
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09/13/2015 01:19 PM
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Re: How Low Can Oil Go? Goldman Says $20 a Barrel Is a Possibility
...


Perhaps if you tell me what type of helmet you are wearing, I'll know what type of helmet to avoid, if ever I need one. The same goes for your meds.

Please tell us how much oil is used for things, other than as an energy source. Is it 1% of all of the oil that goes into clothing and plastics?

That leaves 99% unneeded.

Maybe oil should sell for $1 a barrel.
 Quoting: Anonymous Coward 1881090


the majority of oil goes into making lube for ass fucking. Ever heard of petroleum jelly? Ever heard of petroleum? Yup, same thing. When you ass fuck you are putting Saudi oil all over your dick.
 Quoting: Anonymous Coward 66556705


Your comments are proof that the govt disinfo agents are desperate to keep people from understanding just what a scam the oil market is.

We keep hearing about "global warming" and "greenhouse gases", which oil is responsible for creating.

Water powered engines don't produce those things and water is abundant on the planet and reuseable.

The paid govt disinfo agents reek of desperation and failure. Your post made it very clear to all of us.
 Quoting: Anonymous Coward 1881090


Oh, seems like the truth hit a nerve with some little fag boy bottom bitch.
 Quoting: Anonymous Coward 66556705


I can't argue with your self-assessment. You do know yourself.

Try to end your evil ways.
Joe Camel

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09/13/2015 01:19 PM
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Re: How Low Can Oil Go? Goldman Says $20 a Barrel Is a Possibility
Oil can only go so low.


$40.00 a barrel is the bottom.
 Quoting: Anonymous Coward 70303281
.

The Saudi goal is to put the frakkers and oil sands processors
out of business.

Hope it backfires on the Saudis.

.
-

Even if you don't take an interest in Politics,
eventually Politics is going to take an interest in you.


_
Anonymous Coward
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09/13/2015 01:24 PM
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Re: How Low Can Oil Go? Goldman Says $20 a Barrel Is a Possibility
So why are we not seeing it at the gas pumps?
 Quoting: joan 58293022



State and Federal taxes and profit taking from big oil....
Anonymous Coward
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Svalbard and Jan Mayen
09/13/2015 01:27 PM
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Re: How Low Can Oil Go? Goldman Says $20 a Barrel Is a Possibility
Oil can only go so low.


$40.00 a barrel is the bottom.
 Quoting: Anonymous Coward 70303281
.

The Saudi goal is to put the frakkers and oil sands processors
out of business.

Hope it backfires on the Saudis.

.
 Quoting: Joe Camel


If they had any concern for north American producers they would impose tariff barriers and credits for producers.

of course since that doesnt happen it eans the fix ins in
Anonymous Coward
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United States
09/13/2015 01:33 PM
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Re: How Low Can Oil Go? Goldman Says $20 a Barrel Is a Possibility
Oil can only go so low.

$40.00 a barrel is the bottom.
 Quoting: Anonymous Coward 70303281
.

The Saudi goal is to put the frakkers and oil sands processors
out of business.

Hope it backfires on the Saudis.
.
 Quoting: Joe Camel


Nope, that's not it.

Alaska has 200 years worth of oil. More than Suadi.
Joe Camel

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09/13/2015 01:34 PM
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Re: How Low Can Oil Go? Goldman Says $20 a Barrel Is a Possibility
Oil can only go so low.

$40.00 a barrel is the bottom.
 Quoting: Anonymous Coward 70303281
.

The Saudi goal is to put the frakkers and oil sands processors
out of business.

Hope it backfires on the Saudis.
.
 Quoting: Joe Camel


Nope, that's not it.

Alaska has 200 years worth of oil. More than Suadi.
 Quoting: Anonymous Coward 1881090
.

But with EPA rules under Obama, we can't get at most of it.

.
-

Even if you don't take an interest in Politics,
eventually Politics is going to take an interest in you.


_
Anonymous Coward
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09/13/2015 01:46 PM
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Re: How Low Can Oil Go? Goldman Says $20 a Barrel Is a Possibility
Oil can only go so low.

$40.00 a barrel is the bottom.
 Quoting: Anonymous Coward 70303281
.

The Saudi goal is to put the frakkers and oil sands processors
out of business.

Hope it backfires on the Saudis.
.
 Quoting: Joe Camel


Nope, that's not it.

Alaska has 200 years worth of oil. More than Suadi.
 Quoting: Anonymous Coward 1881090
.

But with EPA rules under Obama, we can't get at most of it.

.
 Quoting: Joe Camel


Rules don't matter. If they mattered, there would be no frakking.

Everything is covert warfare against the American People and the rest of the world. Everything.
IDW
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09/13/2015 02:00 PM
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Re: How Low Can Oil Go? Goldman Says $20 a Barrel Is a Possibility
So why are we not seeing it at the gas pumps?
 Quoting: joan 58293022


Because the oil companies are ass raping you
Anonymous Coward
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09/13/2015 02:03 PM
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Re: How Low Can Oil Go? Goldman Says $20 a Barrel Is a Possibility
hopefully as free as water is...wait i just paid $.99 for a bottle plus tax

Free earth
Release free energy tech
Anonymous Coward
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09/13/2015 02:06 PM
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Re: How Low Can Oil Go? Goldman Says $20 a Barrel Is a Possibility
hopefully as free as water is...wait i just paid $.99 for a bottle plus tax

Free earth
Release free energy tech
 Quoting: Anonymous Coward 69337630


Ha.......... how much do you pay for tap water at home?
Anonymous Coward
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09/13/2015 02:24 PM
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Re: How Low Can Oil Go? Goldman Says $20 a Barrel Is a Possibility
:ohlook: Thread: Oil could plunge to $20 in doomsday scenario, Goldman Sachs says
Anonymous Coward
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09/13/2015 02:27 PM
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Re: How Low Can Oil Go? Goldman Says $20 a Barrel Is a Possibility


Oh look.......... it's you pretending to be bored as you post a link to your thread about the same topic.

That's insane, don't you think?





GLP