Qatar going out of business sale
#61
While that is true, it is only part of the price decline. To simplify, the US etc ramped up production which caused a major increase in supply. So the price dropped. Oped then chose to keep prices low because us production depends on relatively high prices to be profitable, This has had the effect of dropping us production, but not to the extent they want. This also opens another problem for the middle east, to raise prices they need too decrease supply, However if they decrease supp;y and prices raise before the us production base is completely mothballed we will crank production back up to pick up the slack and drop prices. This leaves the middle east stuck with low prices and trying to make money by volume not price majorly decreasing their margins. The middle east''s wealth is not based on quantity of oil, its based iin the margin they can sell their oil for and that margin has gotten a lot slimmer.
#64
Platinum Member
Platinum Member
iTrader: (3)
Join Date: Apr 2005
Location: St.Peters,Mo/5mm LOTO/LEOPA
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A week ago the Facebook page for the turbine boat changed names. It was Qatar turbine tour. Now it's Al Adam racing or something like that. I was thinking that Hasssn bought it
#65
While that is true, it is only part of the price decline. To simplify, the US etc ramped up production which caused a major increase in supply. So the price dropped. Oped then chose to keep prices low because us production depends on relatively high prices to be profitable, This has had the effect of dropping us production, but not to the extent they want. This also opens another problem for the middle east, to raise prices they need too decrease supply, However if they decrease supp;y and prices raise before the us production base is completely mothballed we will crank production back up to pick up the slack and drop prices. This leaves the middle east stuck with low prices and trying to make money by volume not price majorly decreasing their margins. The middle east''s wealth is not based on quantity of oil, its based iin the margin they can sell their oil for and that margin has gotten a lot slimmer.
#66
Registered
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Last edited by speicher lane; 01-01-2016 at 03:59 PM. Reason: double post
#67
Registered
You should try doing business with the USA as a Canadian - we're looking at close to $0.40 on the dollar + duty and taxes...and still have to build a margin in - LOL
So what is the value of a 2 seat turbine boat with 1850's on the used boat market now a days???
So what is the value of a 2 seat turbine boat with 1850's on the used boat market now a days???
#68
Gold Member
Gold Member
I think of Qatar Racing every time I play music from a usb drive. It's also the closest I'll get to owning one of their boats