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HISTORY MADE: US & ALLIES TO SELL 60M BARRELS OF OIL RESERVES OVER NEXT 30 DAYS!!
Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Upon release of the above news..nymex fell a whooping $4 to 91!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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In addition, the printing of zero calorie money a.k.a QE (Quantitative Easing) ends this month. This means no more excess liquidity artificially pushing up commodity prices & then coupled with recent Saudi output hikes should see crude prices even LOWER!!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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& all those fellaz speculating on the Ke.s will burn their fingers when the next crude shipment is @ upper 80s to lower 90s to the barrel.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Lest I forget.. Obama for re-election!!
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Rank: Hello Joined: 6/24/2011 Posts: 1 Location: nairobi
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Hope we gonna feel the effect of reduced crude oil prices. ERC might just do the unexpected.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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When we are told KQ hedged oil at $90 per barrel, do they refer to Brent Crude price or 'the other one' Hope the reduction in price won't be as swift as it was during the GFC which affected KK and KQ GOD BLESS YOUR LIFE
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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youcan'tstopusnow wrote:When we are told KQ hedged oil at $90 per barrel, do they refer to Brent Crude price or 'the other one'
Hope the reduction in price won't be as swift as it was during the GFC which affected KK and KQ No clue man. Told you have to be a genius to be in KQ. In otheq news brent @106.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Cde Monomotapa wrote:youcan'tstopusnow wrote:When we are told KQ hedged oil at $90 per barrel, do they refer to Brent Crude price or 'the other one'
Hope the reduction in price won't be as swift as it was during the GFC which affected KK and KQ No clue man. Told you have to be a genius to be in KQ. In otheq news brent @106.  Hehe. Probably why my other question was never answered GOD BLESS YOUR LIFE
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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youcan'tstopusnow wrote:Cde Monomotapa wrote:youcan'tstopusnow wrote:When we are told KQ hedged oil at $90 per barrel, do they refer to Brent Crude price or 'the other one'
Hope the reduction in price won't be as swift as it was during the GFC which affected KK and KQ No clue man. Told you have to be a genius to be in KQ. In otheq news brent @106. Hehe. Probably why my other question was never answered LOL!...still processing...Just hope KK hasn't contracted the Aug load as yet. Save a lot on forex & finance costs.
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HISTORY MADE: US & ALLIES TO SELL 60M BARRELS OF OIL RESERVES OVER NEXT 30 DAYS!!
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