Oil Investments

Today Auxi sent me this article. I thought of sharing this article with you guys...

Oil Investments

Today daily here said, people in Gulf aren't affected by Global Financial Turmoil, in terms job cuts and losses amid the fear in Europe & US. The Gulf Countries are rich in Petrodollars. However, the fall in Oil Price creating a bit frustration among them. Below are the break-even oil prices for these Oil Rich Countries.

1) Saudi - $49
2) UAE - $23
3 Qatar - $24
4) Kuwait - $33

Any single penny more than the above petrodollar is explicitly goes as surplus to their budget. Imagine, the profit when a barrel was $147 in beginning of this year. Now the Gulf are struck with grief for falling oil price (US the #1 Oil Cosumer, consuming less). They OPEC has cut oil production 1.7 Billion barrel per day and further having a urgent meeting today for more production cut. They want create more demand and thus to make oil price to be between $70 to $90 per barrel.

British Prime Minister - Mr.Gordon Brown visited Qatar couple of weeks before for its investment in UK, Qatar is buying some of the assets in Bankrupted - Barclay's Bank. Our Indian Prime Minster was here for investment invitation.

Apart from all, Gulf is fishing in trouble water and adapting the policy "of someone loss in someone's profit". GCC sovereign funds are investing in real estates in the UK & US to buy at fallen price.

It is the right time for people with excess money to invest in Petrochemical industries and buy fallen shares on long term perspective and patiently wait to taste your investment fruit to ripe.