10 Reasons why Oil could fall even to 10 Dollars
1. Iran just starting now to pumping even more Oil into
the market and rejects Saudi/Russia plan for freeze Oil supply
2. Saudi/Russia Plan would just freezing the supply on a high level, not reduce the supply
3. The demand for Oil will not rising anymore, because
the renewable energies take more and more share of the market. Price for
this energy set a peak price customers are willing to pay for oil. If oil is too
expensive, they just don`t consume it, cause there is no need any more for oil –
everybody can use renewable energy.
4. Electric cars are just starting. So more electric cars
are sold, so less gasoline is needed.
5. There
is more Oil than ever before on this planet, peak oil was a myth. Every Country
what is on bailout just have to dig deep enough and soon they will find some
oil! With fracking you can drill oil nearly everywhere! Today we have more Oil
producing countries like ever before!
6. High costs for frackers are falling with time. So if
every country can frack own oil for maybe around 20 Dollar, why have to import it
for 30 Dollar?
7. Companies like Suncor Energy just announced that they
will produce evenmore oil if oilprice will falling deeper. Nobody is willing to
stop the oversupply!
8. Statoil just see a chance in low oil price to improve
business model
9. Oil price was always between 10 – 20 Dollars in history,
except a short period 2004 – 2014. Everything just comes back to normality.
10. It`s no big deal – low oil prices NEVER was a problem for
the economy. Like most crisis, it`s all just about media and people with no
idea of what is going on. They like to panic. There is no reason for panic.
World is not going down just cause oil went down to where it always was, around
20 Dollars and below.