While these oil companies may look cheap compared to their highs, it doesn’t mean they are the right sort of oiler’s to buy right now.
Oil is definitely a cost plastics manufacturers want to keep their eye on. Amcor Ltd (ASX:AMC) is one such plastics giant in the business of packaging.
Crude Oil was up 87% from the low of US$26.05 per barrel on 2 February. Indeed, it got the pump. So, is it time for the dump?
It’s a world of hydrogen, lithium, aluminium, wind, solar, wave, even some oil still. The power revolution isn’t about one dominant source of energy.
This could crash the crude oil price, with more supply flooding an already oversaturated oil market.
Green energies, battery power and storage — these are the future of energy. These are energies that war can’t control, and that takes power away from governments.
The Papua New Guinea (PNG) oil company, Oil Search [ASX:OSH], has turned from prey to predator.
From the European Union’s point of view, the relationship between Russia and Greece might already be too close for comfort.
Trump may indeed be the catalyst for the US market to take a highly emotional drop 180 months on from 9/11. After all, what goes around, comes around.
This event starts with the British and French. Yet it ends in the struggle to dominate oil assets around the world by every global superpower.