Hi readers
Yesterday I made comments regarding shale oil which many took offence to.
Shale oil is the future of energy and in the not to distant future lithium will be .
I say this because even tho we have electric vechiles making inroads it will never overtake the traditional petrol vechiles.
Electric vechiles are more a hippie thing which is what is called a must have if you love technology.
The inroads into technology on shale oil will kill prices in oil and therefore bleed energy companies.
Countries that depend on oil exports will also feel the pain of lower prices.
The issue is that if oil prices drop countries will raise the tax, it happened previously and will happen again.
Yes the technology is out there to run car on water but will never be allowed to evolve into a consumer product as government around the world depend on tax revenue from petroleum.
For those who have ask the cost of production crude oil and refining depends on export cost.
I know that in Canada the shale oil industry is around the same cost as ourselves.
It's for this reason that inventory is rising in the US , the China has a deal with Iran to buy all oil at $35 dating back 2015 until 2025
So OPEC is now become a non relevant organisation.
I noticed BP numbers and it was all on the back of cost cutting.
So all crude oil companies are bleed and this will continue.
The more countries that open there boarders to shale oil exploration the more price pressure will come on crude oil suppliers.
Yesterday I made comments regarding shale oil which many took offence to.
Shale oil is the future of energy and in the not to distant future lithium will be .
I say this because even tho we have electric vechiles making inroads it will never overtake the traditional petrol vechiles.
Electric vechiles are more a hippie thing which is what is called a must have if you love technology.
The inroads into technology on shale oil will kill prices in oil and therefore bleed energy companies.
Countries that depend on oil exports will also feel the pain of lower prices.
The issue is that if oil prices drop countries will raise the tax, it happened previously and will happen again.
Yes the technology is out there to run car on water but will never be allowed to evolve into a consumer product as government around the world depend on tax revenue from petroleum.
For those who have ask the cost of production crude oil and refining depends on export cost.
I know that in Canada the shale oil industry is around the same cost as ourselves.
It's for this reason that inventory is rising in the US , the China has a deal with Iran to buy all oil at $35 dating back 2015 until 2025
So OPEC is now become a non relevant organisation.
I noticed BP numbers and it was all on the back of cost cutting.
So all crude oil companies are bleed and this will continue.
The more countries that open there boarders to shale oil exploration the more price pressure will come on crude oil suppliers.
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