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May 29, 2018 · 1 min read

A Goldilocks $65 oil average, and a newspaper finally agrees

Tom KirkmanIndependent Project Manager

All sorts of things jostling around lately in international oil & gas + related geopolitics.
This article covers quite a bit of them.

And I’m hoping for an average of $65 oil this year – not too high and not too low – a Goldilocks price that would accomodate both global economics and oil producers.

This whole year, I’ve been commenting repeatedly, ad nauseum, that I’ve been hoping for an average of $65 oil this year, and 5 months into the year, a newspaper finally seems to agree with my opinion. Guess I finally got lucky.

economictimes.com ↗

FROM THE THREAD

Tom's notes 4

  1. Tom Kirkman

    Thanks Eugene. I certainly have no say in oil prices. This was more of a tongue in cheek jab at myself, at my own opinion of where oil prices should be. MSM and I tend not to see eye to eye very often.

  2. Tom Kirkman

    James, yes I've been reading about the messy situation in Brazil. Petrobras has lost its earlier lustre as a previously well run National Oil Company. The current strike by labor unions against Petrobras certainly isn't helping.

    The problem with privatising a National Oil Company such as Petrobras is that once it is privatised, it can be undone - can't return to being an NOC. And international oil companies may indeed be able to run Petrobras more efficiently, but then Brazil's oil revenue will get nudged toward the best interests of the International Oil Companies rather than toward the best interests of Brazil.

    Hopefully Petrobras can get its act together soon. A change in senior management might be helpful, to clean house a bit and start with a bit cleaner slate. Both in Petrobras and the government. But that's up to Brazil's citizens to decide, and not outside parties.

  3. Tom Kirkman

    James Regan
    http://americasquarterly.org/content/brazil-scared-and-leaderless-looks-military

  4. Tom Kirkman

    James Regan
    http://americasquarterly.org/content/brazil-scared-and-leaderless-looks-military

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