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Bill Gates

How High Will The Price Of A Barrel Of Oil Go To?

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silly question....the correct answer is nobody knows!

for higher prices:supply problems

refining constraints

Iran/Iraq/Saudi

demand from US/china/india

speculators

for lower prices:investment in refineries

investment in new fields(russia and such)

new technology/re-vamped nuclear industry

consumer slowdown in US

Thats a few to be going on with,the answer really lies in what is most likely on balance and to go with it,but as always,trends can change very quickly so it's a good idea to have a plan B/exit strategy anyway.

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I bought oil securites. But then I started thinking that i'm in a lose lose situation. If the price stays low then I won't make much profit. If the oil price goes through the roof then I won't be able to sell it becuase there are major blackouts (obviously looking a few years down the line)

If DrBubb is around... do you think the australian dollar will be ok or at least better than GBP and USD?

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this may sound crazy but my bet is for JPY to have a bit of resurgence.

if you are buying now then I think there is good scope for regional growth and currency appreciating,so conversion to sterling in a few years looks a very worthwhile bet.

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Where the price spikes to is relativly unimportant compared to the price it stabalises at IMO, I suspect that'll be closer to $50 than $70.

I'm slowly moving out of the pure E&Ps, who's prices I feel are now starting to reflect a medium term oil price of $50'ish, and into the more fully integrated Oilies such as Total as I feel there's probably more share price growth in the refining end of the chain. That said, a bit of takeover activity could boost the E&P sector quite dramatically!

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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