OIL WARS – The Coming New Disaster? By: Marwan Salamah* Dec 25, 2014 If protecting market share is OPEC’s primary objective in not reducing oil production, and if oil prices remain depressed or continue their downward journey over the next few months, then it becomes only a matter of time before OPEC members begin to … Continue reading “OIL WARS – The Coming New Disaster?”
The Players Have Changed US oil production is rapidly growing and has reached 11.2 million barrels per day in Nov 2018, is expected to reach 12.05 m/bpd next April and 12.29 m/bpd by year end 2019. The pipelines bottleneck
Not only are the current views contradictory but each is supported by arguments and evidence, which increases the confusion and frustration of anxious listeners worried about their economic future.
History teaches that wars are inevitable. They are genetically ingrained into the human mind – as well as the rest of the Animal Kingdom. The use of violence and belligerence to get what one wants, starts as early as childhood among siblings, later on in the school yard and then progresses to become more innovative, … Continue reading “Do Treaties Eliminate Nuclear Wars?”
Gas Wars? It is expected that demand for gas will rise, especially in the longer term. It is cleaner, more efficient and cheaper than oil. (The cost of heating an average American house is three times more expensive using oil rather than gas).
THE OIL PRICE CRASH WAS INEVITABLE Marwan Salamah* Dec 23, 2014 Four years ago, we published in www.asmainfo.com, the Arab Stock Market Analysis website, a technical analysis forecast of crude oil prices which indicated the likelihood of oil prices dropping in 2014 towards US$ 33 per barrel ! Technical Analysis is a mathematical statistical tool … Continue reading “THE OIL PRICE CRASH WAS INEVITABLE”
The present status quo of the world reflects neither calm nor confidence. It has become highly charged and the natural human hegemonic tendencies have kicked into high gear for the final battle between the ‘uni’ and ‘multi-polarists’.
As everything else, gold price is determined by supply and demand. However, it is also affected by the US Dollar exchange rate, because it is priced/Quoted in Dollars. If the Dollar rises in the forex market, gold prices tend to drop and vice versa. (Oil prices are similarly affected).
It Seems the oil producing countries are beginning to sweat. It finally dawned upon them that their oil revenues are in trouble, and turbulent, if not perilous, financial times are ahead.
Gold…Gold… Whereto? Gold price has dropped approx. 6% last week to around US$ 1,243 per ounce. Some analysts think that it may still drop another US$ 200 to as low as US$ 1,050 in 2017. These analysts believe that gold physical supply exceeds demand and will continue down until an equilibrium is achieved, and then … Continue reading “Gold…Gold… Whereto?”