Comments on: Why Oil Is Cheap http://stocksandblogs.com/2006/07/why-oil-is-cheap.html?utm_source=rss&utm_medium=rss&utm_campaign=why-oil-is-cheap Thu, 24 Dec 2009 05:54:24 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Anonymous http://stocksandblogs.com/2006/07/why-oil-is-cheap.html/comment-page-1#comment-148 Anonymous Fri, 14 Jul 2006 21:05:00 +0000 http://blog.stocksandblogs.com/?p=90#comment-148 The Organization of Petroleum Exporting Countries issued a statement stressing its commitment to market stability and saying geopolitical factors it could not control were driving the volatility. <br/><br/>The recent price spike, it said, "occurred in spite of the fact that the market remains well-supplied with crude, and, with crude volumes continuing to enter the market well in excess of demand, OECD stocks are above their five-year average levels." The Organization of Petroleum Exporting Countries issued a statement stressing its commitment to market stability and saying geopolitical factors it could not control were driving the volatility.

The recent price spike, it said, “occurred in spite of the fact that the market remains well-supplied with crude, and, with crude volumes continuing to enter the market well in excess of demand, OECD stocks are above their five-year average levels.”

]]> By: boris http://stocksandblogs.com/2006/07/why-oil-is-cheap.html/comment-page-1#comment-147 boris Fri, 14 Jul 2006 20:52:00 +0000 http://blog.stocksandblogs.com/?p=90#comment-147 If $75 seems surreal it<br/> probably is. Lifecell at<br/> $32 was surreal and look what<br/> happened. If $75 seems surreal it
probably is. Lifecell at
$32 was surreal and look what
happened.

]]> By: boris http://stocksandblogs.com/2006/07/why-oil-is-cheap.html/comment-page-1#comment-146 boris Fri, 14 Jul 2006 20:50:00 +0000 http://blog.stocksandblogs.com/?p=90#comment-146 where the oil is.<br/> 80% of earth's surface is<br/> ocean. and most of that is<br/> more then 1-2 miles deep.<br/> advances in deep water drilling<br/> by Coflexip and others are<br/> going deeper and deeper.<br/> Lastest deep water drilling<br/> record is 10,500<br/> feet off coast of Brazil<br/> by Transocean Offshore-<br/> PetroBras. WHen this bubble<br/> bust there is gonna be some<br/> nice short plays. where the oil is.
80% of earth’s surface is
ocean. and most of that is
more then 1-2 miles deep.
advances in deep water drilling
by Coflexip and others are
going deeper and deeper.
Lastest deep water drilling
record is 10,500
feet off coast of Brazil
by Transocean Offshore-
PetroBras. WHen this bubble
bust there is gonna be some
nice short plays.

]]> By: Faisal Laljee http://stocksandblogs.com/2006/07/why-oil-is-cheap.html/comment-page-1#comment-143 Faisal Laljee Thu, 13 Jul 2006 15:31:00 +0000 http://blog.stocksandblogs.com/?p=90#comment-143 Yes - prices could go higher much faster, but it seems so surreal even thinking it. Just like $75 seemed surreal just a two years ago. Thanks for the feedback!<br/><br/>-- Faisal Laljee Yes – prices could go higher much faster, but it seems so surreal even thinking it. Just like $75 seemed surreal just a two years ago. Thanks for the feedback!

– Faisal Laljee

]]> By: Marco (Rome, Italy) http://stocksandblogs.com/2006/07/why-oil-is-cheap.html/comment-page-1#comment-142 Marco (Rome, Italy) Thu, 13 Jul 2006 09:07:00 +0000 http://blog.stocksandblogs.com/?p=90#comment-142 I absolutely agree with those price targets going forward. Maybe the price will get much higher even faster than that. Great piece! I absolutely agree with those price targets going forward. Maybe the price will get much higher even faster than that. Great piece!

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