JAN-1-2020: Maritime Diesel Price to go up Consequently Gas and Diesels too

[uls]

getting back to Saudi Arabia's forex reserves

it has risen from the low and stabilized




that means they're no longer dipping into their savings (even rebuilding some savings)

which means $80 oil is ok for them

they're not making a lot of money

na-b-budget nila ang oil income nila ngayon

maybe they cut costs elsewhere but the bottom line is $80 oil is ok

[ice15]

you say $80 is too cheap but that's relative

if you're talking about $100/$120 oil then $80 is cheap

but we're coming from $40+, even $30 in 2016

now near $80 many economies are hurting

obviously PH is hurting

i'm telling you -- you do not want to see $100 oil

gulo yan dito sa Pinas

We've been there before... (remember the days of the LPG taxis?)

Only difference now... new TAX

[ice15]

please look at historical charts

that "oil goes up during winter" belief doesn't always happen dude

oil doesn't go up... yes

but transport will (due to the demand)

More oil moving around.

Since last year, everything is stagnant

[uls]

so what's your point ba talaga?

are you making a prediction?

dunno what point you're driving at

it sounds more like you're just citing factors that will give you hope that oil price will go up

citing breakeven price, winter, etc

nasa oil industry ka ba?

kaya gusto mo tumaas ang presyo ng langis?

i don't operate on HOPE

i look at data

and what is see is more risk to downside than upside

[uls]

We've been there before... (remember the days of the LPG taxis?)

Only difference now... new TAX

there was no widespread anger over rising food prices dati

now food prices are rising almost everyday according to DZMM reporters reporting from wet markets

transportation cost is a major contributor

if oil reaches $100, we could see breakdown of law and order

looking for LPG conversion kits won't be on our list of priorities when we see soldiers and APCs on the streets

[ice15]

^it must go up. That's my point.

Mababa ang Peso plus the new tax, plus the Euro-4 requirement.

If international prices does not go up - tuloy ang ligaya

[uls]

marunong ka naman po mag sabi ng "supply and demand" kanina diba?

well, there's a demand side and i'm telling you it's fragile right now

the data i'm seeing indicates the global economy is slowing down

except for the US, everyone else is slowing down

China, Europe, emerging market economies

kung tumaas pa ang presyo ng langis... $90... $100

it will send the global economy into tailspin

and the resulting demand destruction will send oil prices falling

kung matalino ang Saudi Arabia, they will try to keep oil prices in check

like i said $80 is good

[uls]

one piece of data from many

this is global airfreight and seafreight volume

it's slowing




--


now lang ito


Global Car Sales Hit Speed Bump as Demand Slows and Trade Tensions Loom - WSJ

[uls]

^it must go up. That's my point.

Mababa ang Peso plus the new tax, plus the Euro-4 requirement.

If international prices does not go up - tuloy ang ligaya

wait ano kinalaman ng mahinang peso sa $100 oil na gusto mo?

first, the weak peso makes imported oil more expensive

how does that affect international oil prices?

PH is a small buyer our demand does not affect international oil prices

di naman tayo China

[minicarph]

pinapahirapan nyo lang mga sarile nyo kakaisip ng mga taas presyo na yan, Jan 1 2020. eh next month i-rerelease ang next iphone, then by sept 2018 may bago ulet iphone.

even an asteriod is rumored to hit us by Feb 2019. tama na yan tagal pa yan. live life today, wag masyado futuristic thoughts