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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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hisah wrote:murchr wrote:hisah wrote:murchr wrote:Crude going down down....causing panic Throwback Dec 17 2014 Bloomberg  Article : Crude was $60 then. A year later $36 If crude closes below 35 this year that will signal a shift from high prices to lower prices for a long time! The strong USD will continue frying the commodity market. Hisah translate this in laymans language Oil closed the year below $35. The high to low price shift has been triggered!
In short, global economy will go in winter as deflation spreads across the globe.
Effects:
- Strong USD/ rocket $ (capital flight into $)
- Commodities crash (deflation triggered)
- Shipping activity crash (deflation triggered)
- High yield credit market crash (debt unwind coz of rocket $ - sovereign debt crisis/junk bond collapse)
- alternate currencies (e.g. Cyptocurrencies/bitcoin etc) will sprout as fiat currencies devalue rapidly. At this point gold will become inverse to the weak commodities trend and start rallying.
I've had the $15 oil target for a long period... Unless a miracle or war happens I dont see this trend changing for quite some years.
$15 means only Iran, Iraq and Saudis will be on the money the rest = losses. Wao! I didn't know the ching economy carried so much weight "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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@murchr, $/yuan has to remain sub 7 if the markets are to remain sane! Keep an eye on that flood gate. But there is little chance the chingman will be able to hold back the expected flood gate breakdown! The US markets are now testing critical support levels. It'll get ugly when the floors start breaking down in US. If the rebound fails to rallly past the year open get ready for a huge selloff across board! $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: New-farer Joined: 1/12/2016 Posts: 19
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I wonder whats the formula used by ERC, 1 barrel= 159 liters, 1 litre of petrol= 90 kes while 1 barrel= 30USD meaning 1 liter should be 19 kes.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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joga bonito wrote:I wonder whats the formula used by ERC, 1 barrel= 159 liters, 1 litre of petrol= 90 kes while 1 barrel= 30USD meaning 1 liter should be 19 kes. You have forgotten the fact that your government is a den of thieves. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: New-farer Joined: 1/12/2016 Posts: 19
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Spikes wrote:joga bonito wrote:I wonder whats the formula used by ERC, 1 barrel= 159 liters, 1 litre of petrol= 90 kes while 1 barrel= 30USD meaning 1 liter should be 19 kes. You have forgotten the fact that your government is a den of thieves. what will happen when there will be nothing left to be stolen?
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Rank: Veteran Joined: 11/14/2006 Posts: 1,311
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joga bonito wrote:Spikes wrote:joga bonito wrote:I wonder whats the formula used by ERC, 1 barrel= 159 liters, 1 litre of petrol= 90 kes while 1 barrel= 30USD meaning 1 liter should be 19 kes. You have forgotten the fact that your government is a den of thieves. what will happen when there will be nothing left to be stolen?
@Joga,
Don't allow yourself to be guided by ignorant people. You will soon be like them....
A barrel of crude oil will need to be refined before the refined products are shipped to Kenya. Out of it the following are generated
LPG
Premium fuel,
Regular fuel
Jet oil
Kerosine
Diesel
Fuel oil
Bitumen for making roads.
All the above are produced in certain proportions and the price of the Barrel must be allocated accordingly. High value products like LPG and premium fuel are allocated higher cost than bitumen and fuel oil per litre.
On top of that the cost of shipping and hauling, import / custom duties, VAT taxes and other related charges like clearing and forwarding are loaded to the base price. The companies that have invested in the import, shipping and stocking of the products must get some return on their investments. The Retailer / dealers must pay salaries and get a return on their investments and so the mark ups are added there too.
All those are added up to get to your price of Shs 90-100 per litre for premium super gas.
If you want to know whether the consumers are overcharged in Kenya, you should compare the prices per litre in USD with other countries. Our prices in Kenya are lower than many other oil importing countries.
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Liv wrote:joga bonito wrote:Spikes wrote:joga bonito wrote:I wonder whats the formula used by ERC, 1 barrel= 159 liters, 1 litre of petrol= 90 kes while 1 barrel= 30USD meaning 1 liter should be 19 kes. You have forgotten the fact that your government is a den of thieves. what will happen when there will be nothing left to be stolen?
@Joga,
Don't allow yourself to be guided by ignorant people. You will soon be like them....
A barrel of crude oil will need to be refined before the refined products are shipped to Kenya. Out of it the following are generated
LPG
Premium fuel,
Regular fuel
Jet oil
Kerosine
Diesel
Fuel oil
Bitumen for making roads.
All the above are produced in certain proportions and the price of the Barrel must be allocated accordingly. High value products like LPG and premium fuel are allocated higher cost than bitumen and fuel oil per litre.
On top of that the cost of shipping and hauling, import / custom duties, VAT taxes and other related charges like clearing and forwarding are loaded to the base price. The companies that have invested in the import, shipping and stocking of the products must get some return on their investments. The Retailer / dealers must pay salaries and get a return on their investments and so the mark ups are added there too.
All those are added up to get to your price of Shs 90-100 per litre for premium super gas.
If you want to know whether the consumers are overcharged in Kenya, you should compare the prices per litre in USD with other countries. Our prices in Kenya are lower than many other oil importing countries. And I know you (@Liv) are not on Gok payroll. Are the rates for Jan/Feb out? The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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jerry wrote:Liv wrote:joga bonito wrote:Spikes wrote:joga bonito wrote:I wonder whats the formula used by ERC, 1 barrel= 159 liters, 1 litre of petrol= 90 kes while 1 barrel= 30USD meaning 1 liter should be 19 kes. You have forgotten the fact that your government is a den of thieves. what will happen when there will be nothing left to be stolen?
@Joga,
Don't allow yourself to be guided by ignorant people. You will soon be like them....
A barrel of crude oil will need to be refined before the refined products are shipped to Kenya. Out of it the following are generated
LPG
Premium fuel,
Regular fuel
Jet oil
Kerosine
Diesel
Fuel oil
Bitumen for making roads.
All the above are produced in certain proportions and the price of the Barrel must be allocated accordingly. High value products like LPG and premium fuel are allocated higher cost than bitumen and fuel oil per litre.
On top of that the cost of shipping and hauling, import / custom duties, VAT taxes and other related charges like clearing and forwarding are loaded to the base price. The companies that have invested in the import, shipping and stocking of the products must get some return on their investments. The Retailer / dealers must pay salaries and get a return on their investments and so the mark ups are added there too.
All those are added up to get to your price of Shs 90-100 per litre for premium super gas.
If you want to know whether the consumers are overcharged in Kenya, you should compare the prices per litre in USD with other countries. Our prices in Kenya are lower than many other oil importing countries. And I know you (@Liv) are not on Gok payroll. Are the rates for Jan/Feb out? @Jerry what is your take on Kenyan corporate greed? John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: New-farer Joined: 1/12/2016 Posts: 19
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Spikes wrote:jerry wrote:Liv wrote:joga bonito wrote:Spikes wrote:joga bonito wrote:I wonder whats the formula used by ERC, 1 barrel= 159 liters, 1 litre of petrol= 90 kes while 1 barrel= 30USD meaning 1 liter should be 19 kes. You have forgotten the fact that your government is a den of thieves. what will happen when there will be nothing left to be stolen?
@Joga,
Don't allow yourself to be guided by ignorant people. You will soon be like them....
A barrel of crude oil will need to be refined before the refined products are shipped to Kenya. Out of it the following are generated
LPG
Premium fuel,
Regular fuel
Jet oil
Kerosine
Diesel
Fuel oil
Bitumen for making roads.
All the above are produced in certain proportions and the price of the Barrel must be allocated accordingly. High value products like LPG and premium fuel are allocated higher cost than bitumen and fuel oil per litre.
On top of that the cost of shipping and hauling, import / custom duties, VAT taxes and other related charges like clearing and forwarding are loaded to the base price. The companies that have invested in the import, shipping and stocking of the products must get some return on their investments. The Retailer / dealers must pay salaries and get a return on their investments and so the mark ups are added there too.
All those are added up to get to your price of Shs 90-100 per litre for premium super gas.
If you want to know whether the consumers are overcharged in Kenya, you should compare the prices per litre in USD with other countries. Our prices in Kenya are lower than many other oil importing countries. And I know you (@Liv) are not on Gok payroll. Are the rates for Jan/Feb out? @Jerry what is your take on Kenyan corporate greed? @Liv well put, but you still agree that more than 50% of the 90-100 price is govt tax
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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joga bonito wrote:Spikes wrote:jerry wrote:Liv wrote:joga bonito wrote:Spikes wrote:joga bonito wrote:I wonder whats the formula used by ERC, 1 barrel= 159 liters, 1 litre of petrol= 90 kes while 1 barrel= 30USD meaning 1 liter should be 19 kes. You have forgotten the fact that your government is a den of thieves. what will happen when there will be nothing left to be stolen?
@Joga,
Don't allow yourself to be guided by ignorant people. You will soon be like them....
A barrel of crude oil will need to be refined before the refined products are shipped to Kenya. Out of it the following are generated
LPG
Premium fuel,
Regular fuel
Jet oil
Kerosine
Diesel
Fuel oil
Bitumen for making roads.
All the above are produced in certain proportions and the price of the Barrel must be allocated accordingly. High value products like LPG and premium fuel are allocated higher cost than bitumen and fuel oil per litre.
On top of that the cost of shipping and hauling, import / custom duties, VAT taxes and other related charges like clearing and forwarding are loaded to the base price. The companies that have invested in the import, shipping and stocking of the products must get some return on their investments. The Retailer / dealers must pay salaries and get a return on their investments and so the mark ups are added there too.
All those are added up to get to your price of Shs 90-100 per litre for premium super gas.
If you want to know whether the consumers are overcharged in Kenya, you should compare the prices per litre in USD with other countries. Our prices in Kenya are lower than many other oil importing countries. And I know you (@Liv) are not on Gok payroll. Are the rates for Jan/Feb out? @Liv what is your take on Kenyan corporate greed? @Liv well put, but you still agree that more than 50% of the 90-100 price is govt tax John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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