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Re: None

Sunday, 08/16/2015 9:03:46 AM

Sunday, August 16, 2015 9:03:46 AM

Post# of 21105
Seems like upward oilprice potential which is good news for HPTG.
(Better matching of supply and demand).

July 20, 2015: "Saudi Oil Minister Ali Al Naimi said in December the world may not see $100 crude again, while the International Energy Agency has described the markets as “massively oversupplied.”

Such views fail to take into account the impact of $50 oil on output outside North America as producers reduce spending, according to Ross."

"Supplies from most nations outside the Organization of Petroleum Exporting Countries will contract next year for the first time since 2008. While output in North America will increase, production from Australia, the North Sea, Colombia and Argentina will decline, according to PIRA."

http://www.bloomberg.com/news/articles/2015-07-20/oil-guru-who-called-2014-slump-sees-return-to-100-crude-by-2020 (proftstocksny2 Post#4691)

August 14,2015: "U.S. approves oil exports to Mexico"

"The move to allow trading with Mexico marked a significant shift and an additional sign that the Obama administration may be open to loosening the export ban."

"Republicans from energy-
producing states hailed the decision, as did trade groups representing the oil industry.
Sen. Lisa Murkowski (Alaska) called it a positive step but added that she would still push for full repeal “as quickly as possible."

http://www.washingtonpost.com/business/economy/us-approves-oil-exports-to-mexico/2015/08/14/338b3730-4283-11e5-8e7d-9c033e6745d8_story.html

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