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  1. 7 points
    This thread is epic. It involved oil predictions, downvote etiquettes, random EU disclaimers, and hugs. This thread belongs in the oilprice.com hall of fame
  2. 6 points
    Why? It is quite simple. I can't go into it. But the thing that many of you say don't work, (my chart forecasts), are telling me quite clearly now that a some point this year WTI will hit in the 50s. The drop below 70 will come this week. AS regards to my systemes i have been working on, in the Forex market hardly any losses. Here is one more thing, the Emerging Markets are also in for a big drop, as well as the EURO, POUND, and YEN, even GOLD could hit about 1,100.
  3. 6 points
    So, I live in one of the most polluted cities in Europe but last week I got the chance to see how they do things in Denmark. In two words, they bike. Half of Copenhagen's population bikes and let me tell you, it affects the air quality in a major way. I don't remember seeing a single EV but bikes? Thousands. Bike lanes are sometimes wider than sidewalks. Plus it's healthier. Why can't we all bike in inner cities? Of course, it's not a universal solution but I do think people should bike more everywhere.
  4. 6 points
    Tom, well thank you for standing up for me my friend. I don't care if people down vote, its freedom of speech. I am so busy with trading Tom, that I dont even notice it, I post my comments on Oil though i dont trade it, since it is always exciting for me to look at charts and talk about them, or talk about any tradable commodity. I do realize that most want oil to go up, Barclays said today they think crude will go up $25. The fact that I say oil will drop to the 50s, and if that comes true, would mean lots of investments would blow up. However, I am not hoping oil drops, all im doing is putting 1 and 1 together, either from charts or from the fundamental picture. I say to all the down votes, (only heard this term today), BRING IT ON !.
  5. 6 points
    A false premise. Although the process was less formal, all communities had "the guy(s) they turned to" when problems arose and convened legal tribunals of one sort or another. In the absence of formal law, everyone became part of the posse. That is not the "absence of lawmen" as you infer. But that, completely aside, had nothing whatsoever to do with the purpose of the 2nd which was displayed clearly above this post in the words of George Washington himself. The purpose of the 2nd has nothing to do with self defense from bandits, a right which the authors believed to be so obvious as to be insulting to enshrine into the Constitution. The purpose of the 2nd was to ensure that, should the people determine that it was time to "change or abolish" the government WE created, that we would be assured of being legally able to have access to the MEANS to evict them. Flowers simply don't convince evil rogue politicians that they must leave their offices and relinquish control of government. By the way, there is not one single documented case in history of a gun committing violence - just in case "gun violence" is your next talking point.
  6. 6 points
    Jose, the answer to your question is no, Oilprice is not erasing your topics. The only thing we erase is spam, scams, advertising, and deliberately abusive comments about other members. Forum guidelines are here, and you certainly have not broken any forum decorum. Perhaps some bug, I'll alert the site admin about this. @CMOP to the white courtesy phone please.
  7. 6 points
    No. Please see the link my next comment below. Specifically this bit from the article (written in 2005) "I think I have shown that socialism — actual socialism — is totalitarian by its very nature. In the United States at the present time, we do not have socialism in any form. And we do not have a dictatorship, let alone a totalitarian dictatorship. We also do not yet have Fascism, though we are moving towards it. Among the essential elements that are still lacking are one-party rule and censorship. We still have freedom of speech and press and free elections, though both have been undermined and their continued existence cannot be guaranteed."
  8. 5 points
    The taller turbines sit higher up off the surface, thus capturing greater wind-speed. Wind at the surface is slowed by the frictional drag of passing over the stationary surface. Get higher, and you get more power to the blades. As the towers get higher, they can also hang longer, fatter blades on there. Those blades in turn can capture a broader "sweep", thus you can hang a larger generator on the top. Note that these new Vestas units are at 8.3 MW, which is stupendous. This industry started with little 500 KW units made by Northern Power Systems in Vermont. Today, those are reserved for small remote installations, on isolated islands and research stations. But remember that the tip-speed of that blade is near the threshold of the sound barrier; indeed, the reason the power extraction is limited is that if the tip-speed goes supersonic, the blade disintegrates. These giant machines are the Pyramids of our age; glorious monuments to technology, otherwise both dangerous and, in the long term, useless. Don't be around if one of those blades detach, that's for sure.
  9. 5 points
    From the article, “Communism can’t be studied, it must be lived,” said Venezuelan comedian Claudio Nazoa, and what a tough lesson that’s been under the Maracaibo sun." I'd insert the word socialism. and yet, the masses remain apathetic...……………...
  10. 5 points
    What?? someone is giving out hugs? that is strictly against community guidelines. My oil price prediction is that oil is going up up up in med term (WTI $80). Venezuela's production falls by the day and is set for collapse. Libya can't keep it together for more than a month at a time, Saudi Arabia can't turn it on quickly enough if at all, and fears re: sanctions on Iran will intensify as we approach Nov 4. Iran will throw a hissy fit if other ME producers ramp up to try to take their market share. I bet Canada is kicking itself now. What a time to run short of pipeline capacity...!! *I hold no positions in any energy related stock and I am not an advisor or broker, in case someone was pondering the wisdom of my advice.
  11. 5 points
    Not an oil trader, just an oil industry employee that works on a trading floor. My non-scientific based gut feeling is that while we might see a short term retrace to low $60's, after that we're heading higher. That being said, I'm often wrong, which is why I don't bet on oil futures.
  12. 5 points
    Australia use to have a lot of brown coal plants producing power, where those plants were often built right next to giant pits of brown coal. As a result, power was cheap. Those plants have since closed down in part - note, in part - due to wind power crimpling profit margins in the spot market but also because they were at the end of their operating lives and no-one has built any more. As a result wholesale prices have more or less doubled and the grid network has become considerably less able to cope with major demand events. (On hot days in South Eastern Australia you really, really want an ait conditioner.) Authorities now pay major, industrial users to stay off the grid during those events and keep diesel generators on standby. More renewables are being built but they won't fix these problems without major increases in power storage which is not going to happen inside a decade, if it ever does. No one is building conventional plant because its simply too much of a risk given the rise of looney-green politics. Australia remains a major black coal exporter, incidentally. Australia will lose more coal/gas plants with only near-useless renewables to replace them. This will not end well.
  13. 5 points
    Lurkers, for the topic of Venezuela, pay attention to Jose Chalhoub, who lives in Venezuela and had long been in oil & gas there.
  14. 5 points
    First of all I have to say WOW! great discussion and interest from y'all, thanks a lot for your ideas and thoughts, left or right, good or bad, all of them necessary in my view to find ways to try to give Venezuela some meaning since the whole situation is extremely chaotic, we almost close to live like the FLintstones im not kidding, and i always say this Venezuela in many ways deserved it, since we did not have much interest in politics and ideology and now we derived into this shamble, definitely we need a change of the whole social contract and political dynamics. And also our relationship with economics in the country and reform our entire system and dependency on oil. ^There is a lot of wisdom buried in Jose's statement, and much of that wisdom contains lessons that Americans need to learn. Many of you who read my posts know how much I complain about the debilitating effects that Netflix (and the like) have on the human brain. I think it would do Americans a lot of good if they traded their streaming/cable accounts (which can be expensive) for a library card (which is free). We in the USA are going the direction of Venezuela, and very few realize it. But you need not take my word for it. Here is a quote by Thomas Sowell from the preface to his Basic Economics book: "Most of us are necessarily ignorant of many complex fields, from botany to brain surgery. As a result, we simply do not attempt to operate in, or comment on, those fields. However, every voter and every politician that they vote for affects economic policies. We cannot opt out of economic issues. Our only options are to be informed or not informed when making our choices." Today, most Americans graduate through 12 years of secondary schooling and 4 years of higher education without ever receiving even a rudimentary understanding of economics. In the same way, neither do they graduate with any practical understanding of philosophy, nor its foundational component: logic. When people see me reading economics books for 'fun', they always think there is something wrong with me. Never once does that person ever question that there might actually be something wrong with him or herself. Sowell continues, "Many people see prices as simply obstacles to their getting the things they want. Those who would like to live in a beach-front home, for example, may abandon such plans when they discover how expensive beach-front property is. But high prices are not the reason we cannot all live on the beach. The reality is that there are not nearly enough beach-front property to go around, and prices simply convey that underlying reality. It is not the prices that cause the scarcity. There would be the same scarcity under socialism. If the government were to come up with a plan for universal access to beach front homes and put caps on the prices that could be charged for such property, that would not change the underlying reality of the high ratio of people to beach front land. Rationing without prices would have to take place by bureaucratic fiat, political favoritism, or random chance, but the rationing would still have to take place. Even if the government were to decree that beach front homes were a basic right of all mankind, that would still not change the underlying scarcity." "In Soviet economics, the government would fix the prices for goods. For example, when the government increased the price for moleskins, this caused hunters to get and sell more of these skins, so much so that the industry was unable to use them all, and the skins often would rot in the warehouses before they could be processed. The Ministry of Light Industry had requested twice that the government lower purchasing prices, but the 'question had still not been decided'. And this is not surprising. Its members are too busy to decide. They have no time: besides setting prices on these pelts, they have to keep track of another 24 million prices." "A turning point in Yeltsin's intellectual development occurred during his first visit to the United States in September 1989, more specifically his first visit to an American supermarket in Houston. Texas. The sight of aisle after aisle of shelves neatly stacked with every conceivable type of foodstuff and household item, each in a dozen varieties, both amazed and depressed him. For Yeltsin, like many other first-time Russian visitors to America, this was infinitely more impressive than tourist attractive like the Statue of Liberty and the Lincoln Memorial. It was impressive precisely because of its ordinariness. A cornucopia of consumer goods beyond the imagination of most Soviets was within the reach of ordinary Americans." The Venezuelans had access to both libraries and library cards, just as the Americans do; unfortunately, as Jose said, the Venezuelans lacked the will to use those cards, and now they live "like the Flintstones." As the above quotes have demonstrated, had the Venezuelans used those cards, they would have had ample warning to prevent what is now happening to them. Likewise, the Americans have access to both libraries and library cards, but their will is proving to be no different that that of the Venezuelans. Judging by the market cap of Netflix, it should not be long before the American people follow in the footsteps of their noble predecessors, the Venezuelans. Yabadaba-doooooooooo!
  15. 5 points
    The other omission is that Australia's program was not actually a success. Had it been a success, there would have been an UNEXPECTED drop in crime in the nation, which already had (like many other Western nations) declining crime statistics. What was observed instead of an INCREASING rate of crime decline was a SLOWING of that rate of crime decline. But, politicians being politicians point to the "continuing decline" as "evidence" that gun confiscation "worked." Well, from their perspective it certainly did. Now those pesky citizens can't pose a threat to government no matter what they decide to do.
  16. 4 points
    Dan, from a technical standpoint, everything this fellow says in the video is exactly correct. No errors. From a political standpoint, everything he says is exactly correct. No errors. The molten-salt reactor, as currently devised, can sit in a container on a flat-bed semi truck, be hauled to a factory, and just sit there, producing 40 MW, and run in walk-away mode with zero risk. It does not require any of the paraphernalia you associate with reactors: containment domes, back-up pumps, water dump systems, extra generators, all that stuff is history. You can burn up all the old waste lying around and not have to concern yourself further with Yucca Mountain. What stops this technology is people. Specifically, the Greenies, and the politicians that cater to them.
  17. 4 points
    Well said Valerie, the problems we have here in America are not failure of the representative republic form of government, the problem is those being represented, who are becoming apathetic and look for the nanny-state to "take care of them" cradle to grave. I think forum member John Foote described it best in saying that Chavez/Maduro and the lot of them gained power through "Fantastical Promises". We are on the path of Venezuela (look at Bernie Sanders) and your exhortation to Jose and his countrymen and perhaps our own, is prescient. "The natural progress of things is for liberty to yield, and government to gain ground." Thomas Jefferson
  18. 4 points
    I mostly agree with Jose´s viepoints over a military intervention to get rid of maduro, but tjhe clear fact is that by letting things go we wil have much more people dead by hunger, desease and all the maladies this regime is bringing up to us.
  19. 4 points
    It is worse than may of you think: What's happening in Venezuela is not a bad government. What's happening is a very well orchestrated strategy to eliminate any sign of democracy and impose a totalitarian regime in the country The current diaspora is one of the government's way to "purge" the very few people that still had some respect for democracy and a decent living. Last changes in Maduro's government are aiming for a deeper ideologization of the system and create the type of people that thy can handle. Cuban's G2 is coaching Maduros' team in this With the largest reserves of oil and still plenty in other resources, they are now "promoting" the country to Russia, China, Iran and Turkey. And the totalitarian regimes of those countries are jumping of that, not only for the resources but also for the geographical political strategy that this represents. For the free world, this creates a really bad neighbour, not only for the US, but to the governments of all Americans countries (on top of the problems caused by the huge immigration of Venezuelans to these countries). But it looks that, despite the economical help given to the immigrants, nobody else is doing something for real to fix the problem. Maybe it is time to put indifference aside and start thinking that Venezuela's problem affect the whole continent, and that the positioning of a totalitarian regime in the north of south America might be the beginning of the communism sickness spread in the West. Let's act now
  20. 4 points
    Do I understand you correctly? If so, then nevermind everyone. Nothing to see here. Venezuela is just fine. The greedy Americans just made it all up so we can get our hands on all that oil, you see.
  21. 4 points
    I am living here indeed and i had experience in the oil sector this is why i can say things i say here since my country is suffering a lot. Although i hate the opposition here i can say the government is wholly corrupted and careless about the poorest. Its an old classic mechanism and strategy of having people tied to the charity of the state. And this sucks. Sucking up everything from the people. This is tiresome.
  22. 4 points
    Then hand over your car keys sir. Every person motivated by mental instability, jihad or hate that gets behind the wheel instantly becomes controller of a deadly weapon. No gunpowder necessary.
  23. 4 points
    This is a pandemonium literally... prices already gone up and i believe the new currency bills will lose their value in less than a year tops. And speaking about venezuelan oil, hard to imagine how they will recover the oil production, since i havent heard of further massive investments from china or russia in venezuelan oil fields. Simply there's no trust in Venezuela and i believe its a matter of time to see an implosion in the country.
  24. 4 points
    dont worry this is my goal here to let people know the mess going on in here. Venezuela cant fall any lower in my belief. Definitely a shame and also venezuelans are not learning i believe from this mess. Government is fulfilling its goal to subjugate the population at the purest cuban style and nobody is doing anything! Unbelievable definitely.
  25. 4 points
    What is the military situation in Venezuela? Are the military leaders able to control their forces? What prevents the lower ranks from turning on the corrupt administration? What nations are actively helping the opposition? What other South American countries lean toward socialism?