The 150th (Extraordinary) Meeting of the OPEC Conference will be hld on Friday, 24 October 2008 at Vienna, Austria.
The discussions will most likely be on "stabilising" the oil market.. simply put - reducing oil output to let the prices rise.
For some time, if we believe that the output will be reduced and the prices rise. What comes next?
The fear of recession is still on. Some people have lost their jobs. Many have lost money. The consumption will definitely drop.
The analysts are always ready with figures. Always publishing - amending again - publishing again with new reasons for the amendments.
Nothing can be more true than the real thing. Shall I say, the faith in the analysis reports has dropped also. Each individual seems to be his own quiet analyst. He always was...just that the weight on his own analysis is much more now than the weight on an external analysis published by some analysts who could not predict his own doom
But nothing seems to surprise us these days. We are all anxiously waiting for the meeting to finish.
Worldoils Notes : Oil and Gas Prices
The discussions will most likely be on "stabilising" the oil market.. simply put - reducing oil output to let the prices rise.
For some time, if we believe that the output will be reduced and the prices rise. What comes next?
The fear of recession is still on. Some people have lost their jobs. Many have lost money. The consumption will definitely drop.
The analysts are always ready with figures. Always publishing - amending again - publishing again with new reasons for the amendments.
Nothing can be more true than the real thing. Shall I say, the faith in the analysis reports has dropped also. Each individual seems to be his own quiet analyst. He always was...just that the weight on his own analysis is much more now than the weight on an external analysis published by some analysts who could not predict his own doom
But nothing seems to surprise us these days. We are all anxiously waiting for the meeting to finish.
Worldoils Notes : Oil and Gas Prices