July 30, 2021

4 thoughts on “Which Directions Will Oil Price Head? What Should I Do Now?

  1. Hi Rolf

    I know nothing about oil and gas until I "forced" myself to at least know the basics. Haha, it is a very technical and dry topic for me. 😛

    I fully agreed that we should continue to live our best in the present moment. If we are so concerned predicting the future, which is an unknown, we are wasting our life.

    Good read. Thanks.

    1. Hi FD,

      Kudos to your discipline. Basic is good enough because it is not easy for people with non-technical background to delve into the technical of O&G. *Claps Claps*.

      I wish you and family a joyous SG50!

  2. Hi Rolf,

    This is my maiden comment.

    I have the same feeling about those predicting the bankruptcy of O and G companies.

    I agree that they may have hardship for a prolong period of time but like u I am surprise that people are talking about alternative energy killing oil when hey Saudi can produce oul at 20 per barrel.

    Maybe my view is tainted because I vested in sembcorp LOL.

    1. Hi Sillyinvestor,

      Thanks for the maiden comment. No doubt about predicament that O&G companies have to face.

      To taint your view more, below are more extracts from the article.

      In 1985, OPEC had ard 10mil bpd spare capacity, which took a decade to reduce to normal level.
      Today, OPEC has less than 2mil bpd spare capacity, acc. to IEA est.

      Bet 80s and 90s, sprung North Sea and other areas producers which in some sense resemble the shale gas producers. But shale production is so expensive compare to conventional oil fields developed in North Sea and other areas.

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