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Opec agrees on oil production cut

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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
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Titanium
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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.
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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
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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    
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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
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Bugger was enjoying the low petrol price...
Good fishing trip nothing breaks, great trip catch fish.
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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
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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.
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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
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Currently paying $104 for 91. Diesel $116 gold coast
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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
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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.
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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
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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
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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
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Food for thought


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



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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
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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.
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