Oil Price Watch

[vinj]

So how long is this lower price scenario expected to last? At least until the cold weather starts to set in? Naiinip na yung mga aktibista, di daw sila maka-racket ng rally.

grabe na... auto loans for subprime borrowers

LOL, kung yung US na subprime sa properties, yung Pinas na subprime sa low end cars. :D

sa car lot ng PSBank, i would say 30% of their cars are Kia Rio. because of the low downpayment promo, ayun, daming kumuha na hindi naman kaya bayaran.

PSBank has one of the largest repo lots. Once pa lang nakita kong naubos yan... nung na Ondoy yung old lot nila. :D

Nag sale sila recently sa warehouse (10% off minimum and buying price).

[uls]

despite the carnage last night in US and European markets Brent held up pretty well. didnt even test last week's low of $88+

looks like the new line of defense is $90 (previously $95)

[shadow]

Just enjoy it while it last... at least tahimik buhay natin hibernate mga leftist/militants


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[uls]

despite the carnage last night in US and European markets Brent held up pretty well. didnt even test last week's low of $88+

looks like the new line of defense is $90 (previously $95)

[uls]

from Monseratto's post:




despite the carnage last night in US and European markets Brent held up pretty well. didnt even test last week's low of $88+

looks like the new like of defense is $90 (previously $95)

[uls]

So how long is this lower price scenario expected to last? At least until the cold weather starts to set in? Naiinip na yung mga aktibista, di daw sila maka-racket ng rally.

as long as those Europeans can't get their together

unless war breaks out in the Middle East

LOL, kung yung US na subprime sa properties, yung Pinas na subprime sa low end cars. :D

same thing's happening. in US subprime lending they made it possible for low income earners to buy mansions

dito financing companies are making it possible for low income earners to buy new cars

[uls]

kung ganyan kadali kumuha ng bnew ngaun, may bumibili pa b ng 2nd hand? Hows d used car sales business doing nowadays?

madami parin bumibili ng used cars

madami na nga used cars tapos nadadagdagan ng napakaraming new cars

tapos konte lang na-i-scrap na used cars

sobra dami sasakyan

tapos mga motor pa...

[Monseratto]

same thing's happening. in US subprime lending they made it possible for low income earners to buy mansions

dito financing companies are making it possible for low income earners to buy new cars

Many are saying the current construction spree of condos with similar low dp high interest offers is creating a bubble of sorts too...

[uls]

i was saying...

https://twitter.com/petromatrix/stat...80842144301057

Interest to maintain Brent above 90 $/bbl on closing basis but contango will be increasing problem for passive lenght in Brent.

[niky]

Never understood the appeal. Under 30k earnings per month, then you'll commit to 15k in monthly payments, plus the additional 5k in gasoline and parking that it'll cost you? You're left with 10k, minus electricity and rent... what are you going to eat? The styrofoam they packed your appliances in?

[CVT]

Never understood the appeal. Under 30k earnings per month, then you'll commit to 15k in monthly payments, plus the additional 5k in gasoline and parking that it'll cost you? You're left with 10k, minus electricity and rent... what are you going to eat? The styrofoam they packed your appliances in?

A sad scenario bro,- where a lot of our bros and sis,- are caught in a vicious cycle....

16.0K:dude:

[uls]

Never understood the appeal. Under 30k earnings per month, then you'll commit to 15k in monthly payments, plus the additional 5k in gasoline and parking that it'll cost you? You're left with 10k, minus electricity and rent... what are you going to eat? The styrofoam they packed your appliances in?

i think the buyers dont really think about other expenses when buying a new car

all they think about is if their monthly income is greater than the monthly payments. if yes then go

then after they're using the car na reality sets in

kaya meron nagpopost paano pa tipirin sa gas ang Suzuki Alto

[niky]

A sad scenario bro,- where a lot of our bros and sis,- are caught in a vicious cycle....

16.0K:dude:

The proper response to which is... to buy a buy-cycle.

i think the buyers dont really think about other expenses when buying a new car

all they think about is if their monthly income is greater than the monthly payments. if yes then go

then after they're using the car na reality sets in

kaya meron nagpopost paano pa tipirin sa gas ang Suzuki Alto

Madali lang yun. Park it at home and walk. Wahahaha!

[pop3corn]

Four words: Bank repo auction extravaganza...

pero kung ganun na mataas ang repo rate ng mga defaulting car buyers, how come lalo pa sila nag lenient sa lending. They're lending to unqualified car buyers na alam nila malaki ang risk na Hindi mabayaran. And considering na wala nman nakukulong sa utang ngaun, ano ang guarantee ng banks na Ito. even if it is still slightly bnew, say 1 yr oalang nabatak na, the car automatically loses 20% of its value.

and what if opportunists car buyers starts realizing to wait for slighlty bnew repo cars, ano nman mangyari sa brand new sedans ngaun na affected ng cheap accent, rio, suzuki like civics and corollas?

this is a bubble waiting to burst, parang subprime talaga.

what I'm particularly concerned is the cash flow of our mainstream emps who are tempted this good car deals. Ano gagawin nila in 5 years, Hindi na gagastos. Pano na yun malls, clothes, fastfoods and others, parang wala na din sila makuha share sa sweldo ni Juan. this is disturbing coz it can affect the balance of cash flowing na suppose to be steady. Pero looks like pagkasweldo p LNG, kuha kagad ng banks.

dapat mag-Ingat tayo Pilipinas in buying these luxury items. Beirut and Bosnia were once wealthy cities, before they were reduced to ashes by civil war. nun na-cut kasi ang flow ng pera nila from foreign investments, they turned against each other eh kse nga lahat may utang.

[uls]

when oil price collapsed in 2008/09 something called super-contango happened

that's when spot price was far lower than futures prices

to profit from that speculators bought oil and stored it in supertankers to sell the oil in future months where prices are higher

Jan 2009

Oil Traders Seek Another 10 Supertankers for Storage (Update3) - Bloomberg

Jan. 7 (Bloomberg) -- Oil traders are seeking as many as 10 supertankers to store crude, potentially taking the amount hoarded at sea to almost five days of European Union demand, according to Frontline Ltd., the largest owner of the vessels.

About 25 of the carriers, each able to hold about 2 million barrels of crude, were already hired for storage. There are enquiries for 5 to 10 more, Jens Martin Jensen, Singapore-based interim chief executive officer of the company’s management unit, said by phone today. Traders are storing crude to take advantage of higher prices for supply in the future.

Thirty-five supertankers represent about 7 percent of the global fleet of very large crude carriers, according to data from London-based Drewry Shipping Consultants Ltd. Storing oil in tankers may buoy rental rates that fell by a record 78 percent last year as slower economic growth sapped demand for energy.

well, Brent is in contango now

spot price has fallen below futures prices but not by much

if the gap widens, it will make the same trade described above profitable

Supertanker sea storage looms as oil prices fall | Reuters

LONDON | Mon Jun 25, 2012 11:57am EDT

(Reuters) - Speculators could soon be hoarding crude oil in supertankers off the coast of Britain and other European countries if prompt oil prices keep falling, shipping and oil industry executives say.

A glut of crude oil in western spot markets is forcing the price of oil for immediate delivery below forward futures costs, and it could soon be profitable to buy oil, store it and sell it later in the year at higher prices.

Three years ago - the last time oil prices fell sharply on world spot markets - dozens of supertankers were moored along the English south coast and off Scotland as floating storage.

[niky]

pero kung ganun na mataas ang repo rate ng mga defaulting car buyers, how come lalo pa sila nag lenient sa lending. They're lending to unqualified car buyers na alam nila malaki ang risk na Hindi mabayaran. And considering na wala nman nakukulong sa utang ngaun, ano ang guarantee ng banks na Ito. even if it is still slightly bnew, say 1 yr oalang nabatak na, the car automatically loses 20% of its value.

and what if opportunists car buyers starts realizing to wait for slighlty bnew repo cars, ano nman mangyari sa brand new sedans ngaun na affected ng cheap accent, rio, suzuki like civics and corollas?

this is a bubble waiting to burst, parang subprime talaga.

what I'm particularly concerned is the cash flow of our mainstream emps who are tempted this good car deals. Ano gagawin nila in 5 years, Hindi na gagastos. Pano na yun malls, clothes, fastfoods and others, parang wala na din sila makuha share sa sweldo ni Juan. this is disturbing coz it can affect the balance of cash flowing na suppose to be steady. Pero looks like pagkasweldo p LNG, kuha kagad ng banks.

dapat mag-Ingat tayo Pilipinas in buying these luxury items. Beirut and Bosnia were once wealthy cities, before they were reduced to ashes by civil war. nun na-cut kasi ang flow ng pera nila from foreign investments, they turned against each other eh kse nga lahat may utang.

1. God knows. They think it's good business. As long as the spreadsheets tell them that they're still in the black if they repossess the car, they'll go for it... but then again... with the payment schemes, I don't see how that's possible either.

2. Buyers who want brand new are going to get brand new, whatever the cost. It's a different mentality from those who are okay with buying secondhand.

3. Depends on the trajectory of the economy. If it stalls... it will burst the bubble. But then again, the number of defaults won't be as huge as with the housing/real estate bubble in the 90's.

4. Tumpak.

5. Nah. Unlike Bosnia, the majority is too squeamish to commit genocide like they did in Bosnia...

[greenlyt]

Just enjoy it while it last... at least tahimik buhay natin hibernate mga leftist/militants


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eto sila: Militant group questions presence of another US nuclear attack submarine | Inquirer Global Nation

[uls]

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[uls]

pero kung ganun na mataas ang repo rate ng mga defaulting car buyers, how come lalo pa sila nag lenient sa lending. They're lending to unqualified car buyers na alam nila malaki ang risk na Hindi mabayaran. And considering na wala nman nakukulong sa utang ngaun, ano ang guarantee ng banks na Ito. even if it is still slightly bnew, say 1 yr oalang nabatak na, the car automatically loses 20% of its value.

and what if opportunists car buyers starts realizing to wait for slighlty bnew repo cars, ano nman mangyari sa brand new sedans ngaun na affected ng cheap accent, rio, suzuki like civics and corollas?

this is a bubble waiting to burst, parang subprime talaga.

what I'm particularly concerned is the cash flow of our mainstream emps who are tempted this good car deals. Ano gagawin nila in 5 years, Hindi na gagastos. Pano na yun malls, clothes, fastfoods and others, parang wala na din sila makuha share sa sweldo ni Juan. this is disturbing coz it can affect the balance of cash flowing na suppose to be steady. Pero looks like pagkasweldo p LNG, kuha kagad ng banks.

dapat mag-Ingat tayo Pilipinas in buying these luxury items. Beirut and Bosnia were once wealthy cities, before they were reduced to ashes by civil war. nun na-cut kasi ang flow ng pera nila from foreign investments, they turned against each other eh kse nga lahat may utang.

well ganyan talaga... boom and bust

sa ngayon nasa sweet spot ang economy ng Pinas -- credit boom

banks are very willing to lend

[shadow]

Pagkakataon na umutang ng malaki Sa bank then wait hanggang mag burst bubble...kanya kanya na...

Restructure na Lang ng terms parang Asian crisis...lol

Or kanya kanyang takbo na...if you have idle lot now sa province na malaki na alam mo naman hinde mo I develop isanla mo na Sa bank, get as much as you can..habang masayaa pa bank now magpautang...get as much as you can at least cash na saiyo kesa lupa...bahala na banko kung Ano Gagawin nila Sa lupa pag nagkalokoloko nanaman economy natin..

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