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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (46074)	7/6/2018 12:43:12 PM
From: Goose94	Read Replies (1) \| Respond to of 203075

Crude Oil: US$150 oil possible. A dearth of investment in new sources of oil production could lead to a price spike, and investors who demanded capital discipline from oil companies may soon regret that position. “Investors who had egged on management teams to reign in capex and return cash will lament the underinvestment in the industry,” Sanford C. Bernstein & Co. wrote in a note. “Any shortfall in supply will result in a super-spike in prices, potentially much larger than the $150 a barrel spike witnessed in 2008.” Oversupply in the past few years has masked “chronic underinvestment,” Bernstein said. The oil majors have seen their reserves fall by an average of 30 percent since 2000. “If oil demand continues to grow to 2030 and beyond, the strategy of returning cash to shareholders and underinvesting in reserves will only turn out to sow the seeds of the next super-cycle,” the analysts wrote. South Korea halts Iranian oil imports. Under the pressure of U.S. sanctions, South Korea has suspended imports of Iranian oil. It will be the first time in six years that South Korea has zeroed out imports from Iran.