Home Les bulletins GEAB GEAB 123 Oil Anticipation: 20th May 2018 – Venezuela’s comeback and an oil price decrease

GEAB 123

The monthly bulletin of LEAP (European Laboratory of Political Anticipation) - 15 Mar 2018

Oil Anticipation: 20th May 2018 – Venezuela’s comeback and an oil price decrease

No one needs expensive oil[1] and we anticipate that oil prices are about to drop significantly and sustainably in the coming months. Read on for the reasons behind this anticipation.

OPEC stops controlling oil production

Since the main topic of this GEAB number is the dissolving of supranational systems, we will start with the anticipation that OPEC will cease to exist by the end of 2018. We have always said that the production reduction agreements of OPEC were the only reason why oil prices had gone up. Now we believe that OPEC played its role at the appropriate time, but times are changing now. OPEC itself is declaring a return to market stability by the end of 2018, marking a real success in its efforts to reduce the supply surplus. Mission accomplished, OPEC can call it a day with its head held high. As for the USA, it continues to work towards lowering prices by constantly announcing increases in production, new extraction potential etc., partly undermining the price support efforts of OPEC[2].

Comments

To leave a comment sign up now
In summary

We have been anticipating for many months a political takeover by the national level all over the world. This takeover has emerged as a necessity linked to the structural incapacity [...]

So far, the media and political analysts have been unanimous: Brexit represents an uncertain and dangerous future only for the UK. Our readers know that we have always been more [...]

As we all know, Donald Trump kicked off the reinvention of trade relationships by imposing customs barriers on steel and aluminium.  In addition to the duty of protecting this industry [...]

In the next five years, the ICO (Initial Coin Offering), which currently looks like a micro-phenomenon in the sphere of fundraising, will be an essential means for structuring a company [...]

- ICOs: Be agile, but well informed - NEOM: The key to a new Middle East citizenship? - Oil: Beware of dollar fluctuations - European arms industry: All the way, [...]

Related articles
Geta Moldovan
15 Apr 2019

Investments, trends and recommendations (Apr 2019)

#bitcoin #commodities #Crypto #gold #investments #newtech #oil

- Smart cities: Fundopolis? - Human-friendliness: Back to basics - Oil: the fly in the ointment - Cryptocurrencies – Cake sharing - Uber – Cheese with holes - Fee-based Internet – [...]

Geta Moldovan
15 Mar 2019

Investments, trends and recommendations (Mar 2019)

#Crypto #gold #investments #oil #values

A reminder that our recommendations are not for speculative purposes, therefore short-term, that they don’t aim to win more, but rather to lose less (even nothing) because in the case [...]

Geta Moldovan
15 Feb 2019

Investments, trends and recommendations (Feb 2019)

#Crypto #euro #finance #gold #investment #oil

A reminder that our recommendations are not for speculative purposes, therefore short-term, that they don’t aim to win more, but rather to lose less (even nothing) because in the case [...]