Oil Price Tumble

Oil price dropped since June this year. Is the price war going on or really drop on over supply? But OPEC members seem not cutting back the output and said the demand maintained. Below is the interesting chart for room to drill in US shale gas.

Room to Drill

Look likely most of the operation in US will halt if the oil price drop below $80/bbl because of high operating cost. OPEC will be happy to see it drop and they probably regain the market shares.

However, OPEC may only take action when the oil price drop to $70/bbl. As for Russia’s central bank will likely to intervene when the oil price is dropping to $60/bbl. This seems that they are very comfortable with the fall at moment.

Daughter & Son

My 2 years old little boy likes to follow his sister on whatever she is doing. One afternoon, his sister said want to go poo-poo. He followed her to toilet and see what she is doing. He saw her sitting on the toilet bowl; he then went to sit on the potty. I found it is a interesting moment. So, I just quickly took out my camera to capture the kodak moment. They acted happily when I told them to smile to the camera and this is what I get 😛

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