Azerbaijan Halts oil exports from 2 Georgian Ports
http://www.cnbc.com/id/26112384
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Azerbaijan Halts oil exports from 2 Georgian Ports
http://www.cnbc.com/id/26112384
Who would have thought a whole day without a post on the NZO thread. Its funny how the rampers go silent as the share price drops. NITA WHERE ARE YOU?. Tell me about peak oil again i am starting to lose faith. Its all market sentiment nothing to do with how much money they are piling up in the bank. The price of oil will hit $200 a barrel next year which sounds a lot but maybe not with the American dollar crashing to much lower levels.
I cant see NZO reaching new heights, until the next round of exploration starts, where ever that might be. Big crash on the horizon will test the faith of the long term holders who must see the sp hit by market sentiment. Macdunk
Peak oil is the point in time when the maximum rate of global petroleum extraction is reached, after which the rate of production enters terminal decline. The concept is based on the observed production rates of individual oil wells, and the combined production rate of a field of related oil wells. The aggregate production rate from an oil field over time appears to grow exponentially until the rate peaks and then declines, sometimes rapidly, until the field is depleted. It has been shown to be applicable to the sum of a nation’s domestic production rate, and is similarly applied to the global rate of petroleum production. It is important to note that peak oil is not about running out of oil, but the peaking and subsequent decline of the production rate of oil.
Peak oil suggests that this years average price - lets say US$120 will be above last years - lets say $80, which will be above the year befores, lets say US$60 - and so on. I am not sure about peak steel or peak coal or peak NZ sourced gas, but maybe another poster can help.
forgot to mention peak NZ$
have we seen "peak macdunk"
his posting rate increased steadily and went into a blow-off top while he ran his "guess the price comp"
His rate of posting has dropped steadily since the comp finished
Should we be concerned.
I have been told that when you get to my age you are not only lucky but you have passed your peak. It will be interesting to see how a company with so much revenue pouring in performs in the crash coming up. Will all ships fall in the tide as i predict or shall we have exceptions?. Macdunk
Macdunk,
Are you predicting that the US dollar will crash next year? We have seen a 10% drop in the value of the kiwi vs the US dollar in the past 3 weeks. Factor that into the price of West Texas at $114 and we are still at a theoretical $125. As you have said before, cash is king and NOG has loads of it. Lets hope they use it wisely.
how about another competion to relieve the boredom until either: oil tests $100 & rebounds or the 150m npat is released & discounted by analysts as "historic" earnings.
How bout guess Macd's age & how far past his peak he is. Nita can't enter.