Thing is that could be the best scenario for anyone now locked in this oil bear market.If it really is the first signs that a big bad bear market is going to hit everything,maybe one or two exceptions,on the global markets.QE pushed the main indices higher,a lot higher.It is why AIM never caught up.Now that QE has been removed that money will not hang around in my opinion.It will be taken off the table.Plenty calling the FTSE/DOW/DAX to be at least 30% down from where they are right now very soon.Do not expect AIM not to follow
Yeah right.No one wants to be the bad guy here.The mission is simple push oil back down nearer the $40 mark for as long as possible/as long as it takes, to regain market share.They are not exactly just going to say that are they? Have a look at this on how short oil bull markets are compared to oil bear markets.
Interesting... "The fundamentals should not lead to this dramatic reduction [in price]," Mr el-Badri added. Mr el-Badri said Opec was "assessing the situation to determine what the real reasons behind the decrease in oil prices are".
In the presentation RC talked about a number of cost savings since the last RAR and the design has significantly changed. Couple this with the need to borrow less and the partnership deal with the other oil producers, which means the gas supply pipe is now part of phase 1
I think we will see a reduction in costs per barrel to produce - lower than the already feasible $43.7 per barrel
The way XEL are structuring the deal with the service companies is perfect for this market. They will be paid per barrel of oil that is produced. If there is a long period of low prices production can the slowed down new wells can be delayed.
But in reality bentleys current low cost to produce is going to become even cheaper with all parties working very closely together to reduce costs through design.
The field has a current life span of 50 years, all predictions say the oil price will recover and production costs will move in sync with oil prices.
All the negative hype about the North Sea relates to ageing fields that need more investment to keep them going and the balance of the potential new fields are very small and expensive to extract. But the government are offering more incentives for these fields than they ever have to get every last drop of oil out of the North Sea.
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