Opec has lost twenty years of market share. Their % of market is shrinking. They are so broke from 120 a barrel plunging 65% they can’t fund their nations from Russia to Saudi Arabia.
To get oil up they cut back on their sales to their customers. Economically this is the movie DUMB & DUMBER. So now they tell the market as oil is crashing – we will extend our DUMB plan and we will cut back even MORE.
This has two outcomes:
The price goes up a second or two then the oil output from NON OPEC producers rises and takes lowers the price again. For sure.
The customers of OPEC get mad and get even. As buyers loyal to OPEC for years they leave OPEC and take supplies from the new supplier – forever moving market share away from OPEC.
OPEC lost in decades of a long long time ago like a fairy tale in economics – end up where they thinking wrongly – we can make more selling less at higher prices. If this works its great. If it fails which is IS and HAS – they sell less and less at ever LOWER PRICES as OPEC has lost influence and control as we have pointed out in this blog. The world is now in:
* FULL BLOWN TRADE WARS
* IT is NOW every nation for itself
*The nations support currency manipulations – export price – and market share
OPEC is loosing market share and paying to do so.
We’ll see how this all works out. I would not bet LONG in oil folks. Those reading my blog have made and will make in our opinion FORTUNES on this opinion.
In the book Extreme Ownership, retired Navy SEALs Jocko Willink and Leif Babin explain there are “no bad teams, only bad leaders.” These 10 highly successful entrepreneurs share their best piece of advice on how to successfully lead any team.
1. Stay true to your vision.
An outstanding leader balances two opposing skills: external sensing and internal conviction. Be sharply sensitive to external cues from customers, employees and competitors. But concurrently, have the internal conviction to push a visionary agenda, even when it’s unpopular. The trick is to steadfastly navigate between the two modes. — Irene Chang Britt, former president of Pepperidge Farm and board director of Dunkin’ Brands (Dunkin’ Donuts and Baskin-Robbins)
2. Communicate clearly and often.
Great leaders aren’t in the weeds making day-to-day decisions; rather, they communicate the organization’s mission and big ideas to their teams and clear roadblocks so their team can execute. Keeping everyone moving in the same direction is more critical than ever. Thanks to technologies such as Salesforce, Google Analytics and Slack, information hits the front lines of the organization first.
Remember, repetition supports great communication. Keep relaying your big ideas and your mission because not everyone will hear you initially. This is something bright leaders struggle with. They feel their team only needs to hear something once to understand. That’s plainly not the case. It isn’t that people don’t get it; they’re just busy. — Spencer Rascoff, CEO of Zillow, co-founder of Hotwire.com and co-author of the New York Times best-seller Zillow Talk
3. Make yourself, and those around you, better.
I’ve always cultivated a personal and professional development environment. Our leaders conduct daily motivational trainings to improve their skills. Once a month, I do an all-hands meeting that includes personal development. We regularly send all team members specific YouTube trainings with articles from Entrepreneur, SUCCESS and Lifehacker. We send our teams to conferences. And annually, we complete an extensive goal-setting workshop.
When someone works on themselves, they transform their personal lives and bring massive value to others. When they get better, everything around them improves. I’ve made it my mission to support, encourage and create opportunities for my team to achieve what they want. — Tom Ferry, founder and CEO of Tom Ferry International, ranked the No. 1 real estate coach by the Swanepoel Power 200, and New York Times best-selling author of Life! By Design
4. Practice humility.
You’re going to screw up, and your team will know when it happens. Own it and give away the credit when it goes right. This lays a foundation for truth-telling and humility throughout your team instead of scapegoating and blaming. You set the pace. Your team wants to follow someone human, someone they believe in and someone who believes in them. Humility has charisma. Arrogance can be repulsive. Be boldly humble. — Mike Zeller, founder of Elevate United; launched businesses in five industries, which have generated over $100 million
5. Check your ego at the door.
Everyone has an ego, but most people manage theirs poorly. From Greek mythology to the Bible, humans have been warned of their biggest enemies: pride and ego. A virtuous mantra is to remind yourself of your goals and that “it isn’t about you.” As President Reagan said, “There is no limit to the amount of good you can do if you don’t care who gets the credit.” Keeping your ego in check will pay dividends, and the impact can be profound. Recruiting a talented and experienced team is a good example: A willingness to hire people better than you makes for a great leader. — Joe Kakaty, co-founder and president of Poker Central
6. Supplement your shortcomings.
Good leaders employ great people. Take me, for example: I’m dyslexic; my spelling is shocking. I have ADHD, can’t read very well nor use computers—not the qualities of a great CEO. How am I running five companies that perform very well?
I attract, recruit, nurture and care for the people I hire to run my companies. I used to think that our clients were the most important element of success. I now know that this distinction belongs to my staff. The more I appreciate them, the more my companies’ profits grow. — John Hanna, author of Way of the Wealthy and CEO of Fairchild Group
7. Keep your people passionate.
Last year, our team worked with a local nonprofit organization to provide sustainable footwear to children in South Africa. The contagious level of passion and purpose this project created in my team transformed our thinking. It created a heightened purpose for our work and individual contributions in the world.
Passion is a hallmark quality of a masterful leader. It is essential for leaders to focus on activating the hearts of their people. Too often, I see companies’ employees merely show up and perform the tasks at hand. A leader’s responsibility is to empower their people to find passion and purpose in their work and lives. In business, our people are our edge. When you can tap into the hearts and minds of your people, that is where the magic happens. — Alison Dunn, president and CEO of Deliberate Directions and award-winning executive business coach
8. Always learn, and ditch stubbornness.
Persistence, constant communication and self-improvement are the things I nurture, both in myself and in others. It’s a learning curve: I’ll never finish learning or perfecting. No other qualities emulate the impact of constant growth, learning and facing your fears. Stubbornness can serve a leader for only so long; communication and nurturing lasts a whole lot longer. — Jay Georgi, founder of Nadvia and operations/management/profits-retention coach
9. Harness your team members’ strengths.
I care about each of my team members, and they know it. I ensure everyone knows our overall goal through simple, concise communication. I observe individual abilities and efficiently coordinate my team through knowing everyone’s strengths and weaknesses. I don’t place people in positions to fail. I put them in positions to succeed and achieve more than they thought possible. Success breeds success—as each team member develops confidence in their abilities, they add to the team’s overall success. Great leaders observe this and work to maximize the team’s collective strength. — Jim Mathers, CEO of North American Energy Advisory, Inc.
10. Get everyone on the same page.
As a sales professional who works with C-suite executives for a living, I’ve learned that a big role I play is helping corporate leaders explain both the mission and the why to the profit-and-loss managers overseeing execution.
Many C-suites have an incomplete picture and limited situational awareness. Creating awareness up the chain of command overcomes the all-too-common culture of reactive, anti-change management and enables you to focus on executing the mission
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I was 22 years an investment banker CEO of a larger investment banking public firm with offices in the Twin Towers and San Francisco in the 1960’s 1970s into early 1980’s. I sold the firm to care for my famous father in corporate training Alan G Dohrmann and that institution became CEO SPACE the past 30 years. In 2017 Forbes and Inc Magazine’s on line ranking of the # 1 Business Conference of 2017 Business owners in their ranking CAN NOT AFFORD TO MISS. This is the highest ranking in our industry world wide and CEO SPACE serves members in a 140 nations today that own business. I’ve.been founder and Chairman of CEO SPACE now for thirty years working increasingly with heads of state and larger corporations in advising them on a host of challenge issues they face.
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I wanted you to know as I report trends and conclusions on financial markets for my readers to THINK ABOUT our CEO SPACE gives us input from all over the world that makes our information a bit unique.
I’ll keep you posted as I travel and thank you all for both reading as you do and for sharing.
Berny Dohrmann – I Live for you guys and hope it all helps you
SAUDI ARABIA LOOSING THE POWER TO TAX THE PEOPLES OF THE EARTH
Opec led by Saudi Arabia is like.a sword fish fighting for its life with a deep sea fisher men like approach where the sword fish on its tail fighting for its life ( OPEC ITSELF ) throws its stomach out of its mouth so great is its effort to survive in the sea it used to know. Versus the new economic hook OPEC is now caught on ( crashing market share ). Loosing massive market share forever from the GULF and paying to lose it. How long will it take for smart OPEC suppliers to see the tragic economics of a failed SAUDI policy. BACK TO THE FUTURE? Far from it. OPEC IS DEAD like the sword fish slowing being reeled in to be butchered.
Opec was 20 years ago the high 70 % of world oil supply.
Today Opec is only a magical 30 % of world oil supply. And falling.
OPEC has one forward future. EVERY NATION FOR THEMSELVES and a full utter break up of OPEC. SHORT THAT MODEL. DO THE MATH. GEO OIL SUPPLY is in SUPER CHANGE and has changed more in 24 months than 24 years and the pace of discovery Trump and others opening never ending new supply as demand growth moderates on all charts and stalls – South China Sea to US coastal finds – OPEC margin of supply is falling like NIAGRA falls and the super money is betting on OPEC BREAK UP today. You heard that first here.
The nail in the coffin. Failed Saudi Arabia POLICY where OPEC Members PAY BILLIONS by cutting back to have their market share stolen from them at their own loss. ECONOMIC INSANITY as a policy. HOW LONG BEFORE NATIONS GET THE MATH MODEL?
During is MONOPOLY MANIPULATION YEARS Opec created a ruthless HIDDEN TAX upon the economies of all nations and the peoples of all nations. This HIDDEN TAX for 20 years was the most distorting economics ( as oil IS the cost of EVERYTHING – because it makes fuel for crop transports so we and livestock an eat – it makes pesticides without which half the worlds crops fail – it makes transportation containers and medicine delivery systems from IV tubes to syringes and of course it makes fuel we just burn up forever to move around versus other options and we burn it up to make electricity ). As the price of oil reached 100.00 creating the largest WEALTH TRANSFER of nations in a single generation – all the while the world is drowning in fossil fuels the earth simply is farting out year to year – and the impoverishment of nations who over decades could not prosper due to OPEC manipulated phony oil prices. Their % of market share allowed them to do this while no nation went to war with them given the oil firms that lobby nations made huge partner profits on destroying a generation globally. Fiscally.
The largest sin of modern times has been the manipulation of oil prices by a cartel.
Nations lost decades of prosperity with wealth transfers to the GULF that imbalanced all world economies at great harm to the core system of nations and the world. A small number of elites of SUPER WEALTH became fantastically more wealthy through policies of the FEW AGAINST THE WELFARE OF THE MANY in all nations including their own long term. Why does the Gulf Wealth end with 40% youth unemployment? With massive impoverishment with the FEW are so fantastically consolidation their wealth privilege advantage and powers over the FEW. How is that GOOD? How is that RIGHT? How is that of Allah or any God? How is that not why it is – a form of insanity. Competition is a form of insanity where all diversity of class and variety between humans is punished. SANE BRAINS are COOPERATIVE with zero competitive thought where all variety between humans is CELEBRATED versus punished. Only insanity creates this economic damage to the entire world system for the FEW AGAINST THE MANY. Competition is the thought form of insanity – learn this if you learn one thing from reading my blog over time.
As the mistake OPEC Made in their GREED MACHINE and MONEY GLUT engourging themselves thinking it would never not ever end – at 120 dollar per barrel oil prices “END” – lasted for some years – a blip in time – the world elevated supply globally until the % Opec controlled globally was less than 35%. Today Oil has fallen from $ 120.00 a barrel oil to low 40’s last week or over 70% in a matter of 36 months. IS ANYONE SEEING THE CHART HERE? The biggest fall recent falls since OPEC CUT BACK SUPPLIES WHICH WERE TOTALLY MADE UP BY NON OPEC SUPPLIERS AND MORE .
During this loss of all advantage they once enjoyed by creating unsustainable market share advantage – the market share shifted. Today Opec has lost 70% of their market share as the price of oil REBALANCED outside MONOPOLY and SPECULATOR INFLUENCE.
In the old 20 year old of OPEC market share dominance, speculators could bid the price of oil upwards or to any price by taking forward positions in oil. Today the issues related to forward OIL Price revolve around:
Ever declining market share for OPEC members, now picking up incredible momentum by utterly failed economic policy of OPEC to stop their delivery of falling market share – while their massive % of supply in NON OPEC supply % advances their MARKET SHARE to % diversity OPEC can never – not ever – reclaim. As this MARKET SHARE chart advances staying LONG in OIL is a financial death march for billions. Why do they do it? Speculators wish to return to their profit making market manipulation days and failed to appreciate the rapid time shift to MARKET SHARE or that the NEW OIL PRICE model is MARKET SHARE MARKET SHARE MARKET SHARE and OPEC is loosing all of theirs forever.
Today the day before MOTHERS DAY Opec aggressively seeing Oil sliding toward the 39.00 Dollar Range which Oil will pass through soon in my prediction – CUT MARKET SHARE TO ASIA. Oil rose a bit Thursday. ASIA will shift MARKET SHARE buying within the GLOBAL TRADE WAR taking place today. As they make this shift to the 70% of oil suppliers that are NON OPEC you will see OPEC market share move toward the 20% range from 70% only a blip in time ago. Their planning investment and modeling is FAILED ECONOMICS and those advising OPEC have cost those nations including Russia a trillion dollars in wealth and climbing.
The supply of oil is soaring world wide. The on line supply from growing drilling rig counts for immediate market share shifting a trend going on for 20 years – has crushed OPEC who made every possible mistake trying to extend a model that died 25 years ago and will never rise from the dead.
Opec Nations are growing in debt and operate in the RED INK fiscally. They can not survive as they once were budgeting within 40 to 30 dollar price range. Today deep sea oil and shale oil are profit making at 25 a barrel and with new technology and AI it may drop lower than that – there is no come back for oil.
World demand for oil is changing and moderating and the growth of demand models have all been wrong and the shallowing of demand with soaring non OPEC supply as in record 10 million a barrel a DAY supply of sweet crude from the USA is taking market share from OPEC forever – now shifting to the US dollar which will soar because of the wealth under the dollar from the largest oil reserves that make OPEC look like losers. They ARE Losers in the board room.
The hidden tax on the peoples and nations of the world are forever rebalancing wealth world wide.
OPEC has FOREVER lost any control to manipulate prices and its public PR jaw bone bludgeons to the market only make speculators money on the 72 up and downs as the markets always roars back to REAL SUPPLY and REAL DEMAND.
The price of oil will go down down down like ALICE in the Rabbit hole – watch. Remember you heard this in 2015 2016 and 2017 HERE and you made a ton if you followed our reporting which you always hear here FIRST. We reported on why Comey was fired. Then all the PRESS of the world were filled up with our BLOG news. We reported on OIL and the price fell next day.
So today – OPEC plays a FAKE NEWS CARD that is cutting back ASIA on Oil by more than they said earlier. That is a lie as SAUDI production this year is UP over their agreements – so where are they moving that surplus ? They are not stupid as they cheat on their own membership. No hand knows what the other hand is doing.
The world is in MARKET SHARE WARS or TRADE WARS. This creates the nightmare of all nations DEFLATION ECONOMICS. This creates a SUPER CRASH ( eventually ) and a world depression and world war typically. Which we think nations are preparing for as their debts are no longer sustainable and you all know that if you do any math on it at all. My readers don’t buy into so called NEWS presented for ENTERTAINMENT and what is known as PACKET WEALTH 0r viewer replies to ADS in their own FAKE NEWS WARS to keep EYE BALLS on every growing number of channels. Or to get liberal – middle and right groups and far left and far right groups divided into their own channels and slamming those views to keep those eye balls to ever buy MINDLESS CONSUMER CRAP.
News real information is on line. The smart crowd of all political belief’s wants REAL NEWS and the TRUTH and they’ll filter that news into their own action. Investors ( our CEO tribe and their investment houses and press ) who dominate this blog readership world wide in over 140 nations – want REAL NEWS and the TRUTH reading this blog for over 30 years. Sharing this blog with awake readers of their tribes who we seek to serve tirelessly within our economic research. We report data – investment banking economic data – without any political agenda of any kind. Ever.
So OPEC is beyond STUPID and we can not believe PUTIN is allowing this unless he pays lip service to cut backs and is selling like crazy to protect RUSSIA Market share – why would they PAY BILLIONS ( being totally broke ) to FOREVER LOOSE RUSSIAN MARKET SHARE? Would YOU do that if you could keep market share at any price?
So OPEC see’s stocks fall in America. And says their cut backs are working.
This is FAKE NEWS and a BIG LIE.
The truth IS that Asia is moving MARKET SHARE that OPEC and primarily SAUDI leading OPEC is having OPEC members pay ungodly loss in revenue to force their own customers to leave them forever. The customers have easy options in bidding wars over the 70% of OIL SUPPLY that is NON OPEC and rising as OPEC decline in market share is IRREVERSIBLE and picking up terrible momentum for OPEC nations losing the market share.
As I have reported OPEC IS PAYING BILLIONS UPON BILLIONS OF LOST REVENUE TO SEND THEIR MARKET SHARE AWAY FROM OPEC MEMBERS FOREVER. THERE HAS NEVER BEEN A MORE INSANE ECONOMIC POLICY SAVE WAR.
The MARKET SHARE WAR over the COST OF EVERYTHING has been accelerated and lost by Saudi economic suicide policies that are stupid, more costly than any insane economic policy but war itself. The Gulf Stability given their debt, their move to diversify away from oil ( which now they must accelerate ) and their inability to manage budgets without higher oil prices, impossible given their declining market share and failed policy – which they seem insane bent to continue – further accelerating revenue declines to all OPEC nations – though cheating will advance and accelerate – as well – such that OPEC must crash economies – budgets – massively downsize and law off. Readers against press ignorance in their reporting today – probably think this economic is insane itself.
Folks OPEC is so debt ridden that oil prices at today and lower ranges BANKRUPTS OPEC MEMBERS across the globe. They have no options given their debts if they PAY OUT LOST REVENUE TO FURTHER LOSE MARKET SHARE IN THE MARKET SHARE WARS. They are like a whale in a sand lake where the water has dried up and there is no forward rain coming in the long draught and the flopping around appears to be life when the whale is dying in fact. Economically speaking.
OPEC Is dying inside its own sand due to wrong sided policies. OPEC needs to PROTECT MARKET SHARE at all cost regardless of price or bankrupt. Watch as economics fails to forgive stupidity. OPEC is trying to manipulate prices as in 1973 where even a total embargo would only accelerate their own bankruptcy and loss of market share.
I wrote in 2015 and 2016 and 2017
OPEC IS DOA – DEAD ON ARRIVAL !
Control of price is no longer having anything at all to do with OPEC. All OPEC is doing is sending its own customers out the door forever – paying for them to leave – and giving speculator wind fall profits when they jaw bone markets with economics that have no basis in reality.
The supply draw down in America was market factored. The reasons for the draw down are:
Seasonal normal supply as during every year repeating expected patterns occur.
Refinery seasonal down time to repair – is over and peak season during the summer is seasonally on point.
Supply will go down then come back. Opec has nothing to do with it. Why?
Opec cut backs are completely over come by NON OPEC supply off setting those cut backs to the market. The supply of oil is greater this instant in 2017 than it was before OPEC decided to pay to lose its own market share ( an insane economic move by a stupid stupid policy ).
Open is using POLITICS to drive economics but ECONOMICS is now in control not political manipulations. In OPEC world and politics almost always fails in driving success to economics.
The world has moved through the stages of 5,000 years of base line economic history that unfolds as follows:
Following the most recent global wars prosperity unfolds and elites consolidate wealth world wide until in all leading economies 1% own more wealth than 99% ( and consolidation continues ) creating enormous system instability economically speaking.
This system wobble ends with a melt down globally with the last Super Crash 2008 as a consequence of economic consolidation and removal of stability circulation.
The system then spends years of ever greater consolidation for the winning SUPER RICH, while the world moves into distrust negation and a spiral of TRADE WARS.
A contagion event due to debt abuse occurs ( always ) as a consequence of imbalances to accounts from losers in the spiral of trade wars. and a bigger SUPER CRASH and global depression due to DEFLATION SPIRALS no central bank can over come as circulation is no longer adequate to sustain growth in a stable economic model. The old model is broken beyond repair.
The world prepares for and moves into WORLD WAR to rebalance economic account when the FIVE TO DIE cycle begins all over again with a new post war prosperity.
As this 5000 year never varies economic modeling is INSANE why do we not revolutionize a new model we call COOPERATIVE CAPITALISM? While we have time?
The elites are blinded by mindless accumulation of consolidating wealth and power for endless gratifications and see any system reform as threat to their franchise on wealth. This mind set is insane and holds the people of the world hostage.
The system is broken beyond repair.
The system managers are insane and do not see the value of revolution to the core system model benefits them long term.
They chose in many cases risk of destruction and death from war such that the winners are the new elites. That insane pattern of thinking and emotional capital must be upgraded to revolutionize systems.
Billions are hostage to 1000 at the top. Who are without knowing it by majority insane.
Will sanity win?
It does not look like it as we see patterns repeat in Saudi Arabia and OPEC paying untold wealth to lose market share forever and utterly fail to rebalance supply and demand no matter what summer week to week data shows – watch the annual data and weep. THE EARTH IS DROWNING IN RENEWABLE OIL AND GAS.
OPEC has no influence on price other than a speculator sake to make software profits that disappear in a matter of hours. You’ll see.
Oil in the 30’s?
You heard that first hear in 2015 now everyone is reporting the news.
Berny Dohrmann – KEEPING YOU OUT FRONT ALWAYS
PS: Today for the first time ever SAUDI reported the sad math and numbers of the failed policy stating they are LOOSING MARKET SHARE….this falls under given my many blog economics on this data …DUHHHHH ?