FAQ FAQ  Forum Search   Events   Register Register  Login Login

Opec agrees on oil production cut

Post Options Post Options   Likes (0) Likes(0)   Quote cirrus Quote  Post ReplyReply Direct Link To This Post Topic: Opec agrees on oil production cut
    Posted: 29 Sep 2016 at 5:16pm
cirrus View Drop Down
Titanium
Titanium


Joined: 07 May 2011
Status: Offline
Points: 9067
Today OPEC has agreed to cut oil production. Markets shocked by this surprise announcement . Oil prices surge more than 5% in reaction.Australian dollar rallies against $U.S. Interesting times ahead

Source- Sydney morning herald, & CNN money. Breaking news.
Back to Top
Post Options Post Options   Likes (0) Likes(0)   Quote mowerman Quote  Post ReplyReply Direct Link To This Post Posted: 29 Sep 2016 at 5:37pm
mowerman View Drop Down
Titanium
Titanium
Avatar

Joined: 09 Feb 2007
Location: Papakura
Status: Offline
Points: 5653
yes it will be when our prices rise at the pump...they will slowly reach all time highs...the next cycle of prices rises across everything to follow 
The People Protest
    
Actions Speak Louder Than Words    
Back to Top
Post Options Post Options   Likes (0) Likes(0)   Quote MacSkipper Quote  Post ReplyReply Direct Link To This Post Posted: 29 Sep 2016 at 6:52pm
MacSkipper View Drop Down
Titanium
Titanium
Avatar

Joined: 04 Jul 2014
Location: Manukau Harbour
Status: Offline
Points: 4033
Bugger was enjoying the low petrol price...
Good fishing trip nothing breaks, great trip catch fish.
Back to Top
Post Options Post Options   Likes (0) Likes(0)   Quote Steps Quote  Post ReplyReply Direct Link To This Post Posted: 01 Oct 2016 at 9:03am
Steps View Drop Down
Titanium
Titanium


Joined: 14 Oct 2013
Location: Sth Auckland
Status: Offline
Points: 9548
Hmm low interest rates, high immigration, construction boom, housing shortage, primary industry price drop, Oil production restrictions.
Funny.. sounds very familiar.
Noticed how , regardless of technology, how enlightened waqe are, history just keeps repeating its self over and over.
And those cycles are timed with  "living memory" (70/75 yrs) and memory of those in in the decision making seats (35/45 yrs)
Also noticeable that these cycles change a little as the ave working and ave life span changes.
Back to Top
Post Options Post Options   Likes (0) Likes(0)   Quote pjc Quote  Post ReplyReply Direct Link To This Post Posted: 01 Oct 2016 at 9:10am
pjc View Drop Down
Titanium
Titanium
Avatar

Joined: 04 Apr 2010
Location: papakura
Status: Online
Points: 11219
Currently paying $104 for 91. Diesel $116 gold coast
Back to Top
Post Options Post Options   Likes (0) Likes(0)   Quote Kandrew Quote  Post ReplyReply Direct Link To This Post Posted: 01 Oct 2016 at 10:53am
Kandrew View Drop Down
Platinum
Platinum


Joined: 16 Apr 2012
Status: Offline
Points: 1357
Originally posted by Steps Steps wrote:

Hmm low interest rates, high immigration, construction boom, housing shortage, primary industry price drop, Oil production restrictions.
Funny.. sounds very familiar.
Noticed how , regardless of technology, how enlightened waqe are, history just keeps repeating its self over and over.
And those cycles are timed with  "living memory" (70/75 yrs) and memory of those in in the decision making seats (35/45 yrs)
Also noticeable that these cycles change a little as the ave working and ave life span changes.


Yep milk prices up, US looking to move the FED up, could be moving into an inflation period. Which will see interest rate increases.
Back to Top
Post Options Post Options   Likes (0) Likes(0)   Quote Steps Quote  Post ReplyReply Direct Link To This Post Posted: 01 Oct 2016 at 7:22pm
Steps View Drop Down
Titanium
Titanium


Joined: 14 Oct 2013
Location: Sth Auckland
Status: Offline
Points: 9548
could be moving into an inflation period.

Also a term often made by muldoon   "imported inflation" seems to be coming into economic conservations recently.
And 'control '  "wage and price freeze" (well for low and mid income) well we are seeing abstract wage 'freeze'.. or at least on proportion to top  corporate incomes

 Yep definite critical parallels cropping up
Back to Top
Post Options Post Options   Likes (0) Likes(0)   Quote REIVER Quote  Post ReplyReply Direct Link To This Post Posted: 01 Oct 2016 at 7:39pm
REIVER View Drop Down
Gold
Gold
Avatar

Joined: 05 Jun 2010
Location: Rotorua
Status: Offline
Points: 999
Food for thought


https://www.youtube.com/watch?v=3Wd-38NKgG8



Back to Top
Post Options Post Options   Likes (0) Likes(0)   Quote OneWayTraffic Quote  Post ReplyReply Direct Link To This Post Posted: 06 Oct 2016 at 7:24pm
OneWayTraffic View Drop Down
Platinum
Platinum


Joined: 19 Jan 2013
Status: Offline
Points: 1830
It may not seem like it but a cut in oil production is a good thing. The stuff won't last forever, and expensive oil encourages investment into alternatives.
Back to Top
Forum Jump
Forum Permissions View Drop Down


This page was generated in 0.111 seconds.