TailingsPond + 505 GE October 5, 2023 Ecocharger how are your oil demand predictions working out for you? Down to $82.47 Still calling for $100 by year end? Don't pretend you did say that. Quote Share this post Link to post Share on other sites
notsonice + 1,102 DM October 5, 2023 (edited) 36 minutes ago, TailingsPond said: Ecocharger how are your oil demand predictions working out for you? Down to $82.47 Still calling for $100 by year end? Don't pretend you did say that. Ecochump is never posting (for long periods) When the Bears are in charge...... $100 Brent??? the King of Luddites has been praying for that since July of 22..... Charlie Brown at least gets to try to kick the ball, Ecochump is not even a water boy on the bench in the big game.....$100 oil??????????? my my a pipe dream in 2023 from a Sept 29th article, below....... Guess his beloved India and China was all about speculation recently and the reality set in.....Demand Suckssssss Brent is heading back to under 80 soon...........too many speculators sitting on unsold oil in storage and long paper traders got caught in a slow market Enjoy as EV sales pick up speed trouncing long term gasoline demand https://oilprice.com/Energy/Crude-Oil/Wary-Of-Weakening-Demand-Saudi-Arabia-Changes-Pricing-Strategy.html Wary Of Weakening Demand, Saudi Arabia Changes Pricing Strategy By Gerald Jansen - Sep 29, 2023, 7:00 PM CDT Overall, the lack of pricing ambition reflected wider worries about the health of Chinese demand into the remaining months of 2023, as well as significantly lower Indian nominations lately. India’s imports of Saudi crude are set to come in at the lowest monthly level in almost a decade, below 500,000 b/d Edited October 5, 2023 by notsonice 1 Quote Share this post Link to post Share on other sites
Jay McKinsey + 1,489 October 5, 2023 48 minutes ago, notsonice said: Ecochump is never posting (for long periods) When the Bears are in charge...... $100 Brent??? the King of Luddites has been praying for that since July of 22..... Charlie Brown at least gets to try to kick the ball, Ecochump is not even a water boy on the bench in the big game.....$100 oil??????????? my my a pipe dream in 2023 from a Sept 29th article, below....... Guess his beloved India and China was all about speculation recently and the reality set in.....Demand Suckssssss Brent is heading back to under 80 soon...........too many speculators sitting on unsold oil in storage and long paper traders got caught in a slow market Enjoy as EV sales pick up speed trouncing long term gasoline demand https://oilprice.com/Energy/Crude-Oil/Wary-Of-Weakening-Demand-Saudi-Arabia-Changes-Pricing-Strategy.html Wary Of Weakening Demand, Saudi Arabia Changes Pricing Strategy By Gerald Jansen - Sep 29, 2023, 7:00 PM CDT Overall, the lack of pricing ambition reflected wider worries about the health of Chinese demand into the remaining months of 2023, as well as significantly lower Indian nominations lately. India’s imports of Saudi crude are set to come in at the lowest monthly level in almost a decade, below 500,000 b/d Oh let's see that in graphics, look at that plunge! 1 Quote Share this post Link to post Share on other sites
Ecocharger + 1,384 DL October 5, 2023 2 hours ago, TailingsPond said: Ecocharger how are your oil demand predictions working out for you? Down to $82.47 Still calling for $100 by year end? Don't pretend you did say that. Well, of course, that is in response to fears of coming recession, which would be eventually good for oil if the current gang in Washington is turfed out. Quote Share this post Link to post Share on other sites
Ecocharger + 1,384 DL October 5, 2023 1 hour ago, Jay McKinsey said: Oh let's see that in graphics, look at that plunge! Yah, a lot of whipsawing and spikes, mostly in response to fears that Biden & Co. are sending the economy into the dirt. That surprises anyone? I doubt it. 1 Quote Share this post Link to post Share on other sites
Jay McKinsey + 1,489 October 5, 2023 (edited) 44 minutes ago, Ecocharger said: Yah, a lot of whipsawing and spikes, mostly in response to fears that Biden & Co. are sending the economy into the dirt. That surprises anyone? I doubt it. You have to ask yourself what thing happened the day before the plunge? Hmm what could it be,.. Oh yeah, the Republican imbeciles tossed out the Speaker of the House and they have 40 days left to avoid a government shutdown. Republicans just want to burn it all down. Yeah that shakes market confidence! Edited October 5, 2023 by Jay McKinsey Quote Share this post Link to post Share on other sites
Eyes Wide Open + 3,550 October 6, 2023 (edited) The Green new deal...It makes one wonder if there is actually any green energy without fossil fuels. Or was there ever any green energy of any significance. Commodity Titans Look To Capitalize On Europe’s Gas Price Rollercoaster By Irina Slav - Oct 05, 2023, 7:00 PM CDT Last year, commodity traders such as Trafigura, Vitol, and Glencore reported record profits due to heightened gas price volatility in Europe. The arrival of new traders to the European gas market is, paradoxically, contributing to increased price swings. Factors such as a potential early cold spell, Asian demand for LNG, and political dynamics, including tensions with Russia and Azerbaijan, point to continued volatility in the European gas sector. https://oilprice.com/Energy/Natural-Gas/Commodity-Titans-Look-To-Capitalize-On-Europes-Gas-Price-Rollercoaster.html Edited October 6, 2023 by Eyes Wide Open Quote Share this post Link to post Share on other sites
Eyes Wide Open + 3,550 October 6, 2023 (edited) 1 hour ago, Jay McKinsey said: You have to ask yourself what thing happened the day before the plunge? Hmm what could it be,.. Oh yeah, the Republican imbeciles tossed out the Speaker of the House and they have 40 days left to avoid a government shutdown. Republicans just want to burn it all down. Yeah that shakes market confidence! There's a new Big A@# boot in DC, it begins.... Liberals erupt after Nancy Pelosi evicted from Capitol: 'What in the name of God?' 'Republicans have no class. The problem is not just that they are incompetent—it’s that they are mean and petty,' Rep. Jim McGovern remarked https://www.foxnews.com/media/liberals-erupt-nancy-pelosi-evicted-capitol-name-god Edited October 6, 2023 by Eyes Wide Open Quote Share this post Link to post Share on other sites
Jay McKinsey + 1,489 October 6, 2023 (edited) 8 minutes ago, Eyes Wide Open said: There's a new Big A@# boot in DC, it begins.... Liberals erupt after Nancy Pelosi evicted from Capitol: 'What in the name of God?' 'Republicans have no class. The problem is not just that they are incompetent—it’s that they are mean and petty,' Rep. Jim McGovern remarked https://www.foxnews.com/media/liberals-erupt-nancy-pelosi-evicted-capitol-name-god Yeah that looks very petty and a change in an extremely historic process. Pelosi let former Republican leaders keep their offices. It has been that way for hundreds of years. So congratulations! This does not end well for you. We can only hope that they vote Trump in as Speaker! This will fail more spectacularly than the Arizon audit or the Durham investigation you touted. Edited October 6, 2023 by Jay McKinsey Quote Share this post Link to post Share on other sites
Ecocharger + 1,384 DL October 6, 2023 (edited) 3 hours ago, Jay McKinsey said: You have to ask yourself what thing happened the day before the plunge? Hmm what could it be,.. Oh yeah, the Republican imbeciles tossed out the Speaker of the House and they have 40 days left to avoid a government shutdown. Republicans just want to burn it all down. Yeah that shakes market confidence! Interest rates are still high and staying high, thanks to the profligate spending habits of American Presidents in recent decades. This is not new, it has happened many times before, human nature and politics being what they are. There is a day of reckoning for wasteful spending and money printing, and the markets are showing fear right now. Edited October 6, 2023 by Ecocharger Quote Share this post Link to post Share on other sites
TailingsPond + 505 GE October 6, 2023 7 minutes ago, Ecocharger said: Interest rates are still high and staying high, thanks to the profligate spending habits of American Presidents in recent decades. This is not new, it has happened many times before, human nature and politics being what they are. There is a day of reckoning for wasteful spending and money printing, and the markets are showing fear right now. Well then why make those bold oil predictions? Historical information should have informed your predictions. Either you ignored history you knew, or were just plain ignorant; either way an error in judgment. Quote Share this post Link to post Share on other sites
Ecocharger + 1,384 DL October 6, 2023 1 minute ago, TailingsPond said: Well then why make those bold oil predictions? Historical information should have informed your predictions. Either you ignored history you knew, or were just plain ignorant; either way an error in judgment. What we are seeing is a stable fossil fuel share of the energy market at about 82%, a number which has been stable for many decades. That implies growing fossil fuel energy supplies. No reason for that to change. Quote Share this post Link to post Share on other sites
TailingsPond + 505 GE October 6, 2023 4 minutes ago, Ecocharger said: What we are seeing is a stable fossil fuel share of the energy market at about 82%, a number which has been stable for many decades. That implies growing fossil fuel energy supplies. No reason for that to change. Your claims were far more bold than "stable fossil fuel share." "Global demand is soaring" is more like it. Just eat some crow and carry on. Quote Share this post Link to post Share on other sites
Ecocharger + 1,384 DL October 6, 2023 1 minute ago, TailingsPond said: Your claims were far more bold than "stable fossil fuel share." "Global demand is soaring" is more like it. Just eat some crow and carry on. You have trouble with numbers? A stable 82% share of energy markets means a rapidly growing production of fossil fuels. 1 Quote Share this post Link to post Share on other sites
Eyes Wide Open + 3,550 October 6, 2023 (edited) 4 hours ago, Jay McKinsey said: You have to ask yourself what thing happened the day before the plunge? Hmm what could it be,.. Oh yeah, the Republican imbeciles tossed out the Speaker of the House and they have 40 days left to avoid a government shutdown. Republicans just want to burn it all down. Yeah that shakes market confidence! And a few days later....Run Joey Run the boogey man is coming. Biden administration waives 26 federal laws to allow border wall construction The Department of Homeland Security announced that the Biden administration leveraged sweeping executive power to waive 26 federal laws in South Texas ByVALERIE GONZALEZ Associated Press October 4, 2023, 3:47 PM https://abcnews.go.com/US/wireStory/biden-administration-waives-26-federal-laws-border-wall-103738662 Edited October 6, 2023 by Eyes Wide Open Quote Share this post Link to post Share on other sites
Eyes Wide Open + 3,550 October 6, 2023 (edited) 20 minutes ago, TailingsPond said: Global demand is soaring" is more like it. Just eat some crow and carry on. I know right! The EU leaders in green energy are in chaos....it's almost like there is no GREEN ENERGY in Europe? GO FIGURE? Commodity Titans Look To Capitalize On Europe’s Gas Price Rollercoaster https://oilprice.com/Energy/Natural-Gas/Commodity-Titans-Look-To-Capitalize-On-Europes-Gas-Price-Rollercoaster.html Edited October 6, 2023 by Eyes Wide Open 1 Quote Share this post Link to post Share on other sites
Eyes Wide Open + 3,550 October 6, 2023 (edited) 4 hours ago, Jay McKinsey said: You have to ask yourself what thing happened the day before the plunge? Hmm what could it be,.. Oh yeah, the Republican imbeciles tossed out the Speaker of the House and they have 40 days left to avoid a government shutdown. Republicans just want to burn it all down. Yeah that shakes market confidence! Oh no Joey...Here we go again. 20 GOP senators led by Rick Scott vow to block bills not related to funding government BY ALEXANDER BOLTON - 10/04/23 4:38 PM ET https://thehill.com/homenews/senate/4238926-20-gop-senators-led-by-rick-scott-vow-to-block-bills-not-related-to-funding-government/ Edited October 6, 2023 by Eyes Wide Open Quote Share this post Link to post Share on other sites
Jay McKinsey + 1,489 October 6, 2023 (edited) 1 hour ago, Eyes Wide Open said: Oh no Joey...Here we go again. 20 GOP senators led by Rick Scott vow to block bills not related to funding government BY ALEXANDER BOLTON - 10/04/23 4:38 PM ET https://thehill.com/homenews/senate/4238926-20-gop-senators-led-by-rick-scott-vow-to-block-bills-not-related-to-funding-government/ What a genius you are. 20 senators can't do dickly diddly squat about anything. That requires 40! Edited October 6, 2023 by Jay McKinsey 1 1 Quote Share this post Link to post Share on other sites
TailingsPond + 505 GE October 6, 2023 2 hours ago, Ecocharger said: You have trouble with numbers? A stable 82% share of energy markets means a rapidly growing production of fossil fuels. Just take ownership of your statements. FYI a "stable share" with "rapidly growing production" means the other side is also growing equally. Far cry from your normally repeated statements. Show me one quote where you say fossil fuels are going to remain a stable energy share before now. Quote Share this post Link to post Share on other sites
Ecocharger + 1,384 DL October 6, 2023 17 minutes ago, TailingsPond said: Just take ownership of your statements. FYI a "stable share" with "rapidly growing production" means the other side is also growing equally. Far cry from your normally repeated statements. Show me one quote where you say fossil fuels are going to remain a stable energy share before now. If you have a stable share of 82% that is rapidly growing in output, that is a very dominant position in the market...wake up. Quote Share this post Link to post Share on other sites
Rob Plant + 2,656 RP October 6, 2023 7 hours ago, Jay McKinsey said: We can only hope that they vote Trump in as Speaker! Can he be the speaker from a jail cell? If I'm correct he can be the president so maybe he can be the speaker after all and do it over a Teams call 😄 1 Quote Share this post Link to post Share on other sites
notsonice + 1,102 DM October 6, 2023 9 hours ago, Ecocharger said: Well, of course, that is in response to fears of coming recession, which would be eventually good for oil if the current gang in Washington is turfed out. and back to reality, the coming recession????? not in 2023....sorry you have been waiting for both $100 oil and a recession at the same time. You are the King of the Luddites reality the drop in oil prices is a positive factor in World GDP increases...a drop in oil prices does not cause recessions the drop in oil prices is caused by demand destruction Thanks in part to the sales of EVs..... The green transition is your friend unless you want recessions and higher oil prices Forexlive Atlanta Fed GDPNow estimate for Q3 stays unchanged at 4.9% The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2023 is 4.9 percent on October 5,... Axios . 16 hours ago What recession? U.S. economy appears to be accelerating Gloomy warnings about an imminent recession have given way to calls that the economy is now facing the opposite: accelerating conditions. . 1 month ago Investopedia Reuters Oil prices extend rapid slide on demand worries HOUSTON, Oct 5 (Reuters) - Oil prices fell about 2% on Thursday, extending the previous session's losses of nearly 6%, as worries about fuel... . 14 hours ago Quote Share this post Link to post Share on other sites
notsonice + 1,102 DM October 6, 2023 2 hours ago, Ecocharger said: If you have a stable share of 82% that is rapidly growing in output, that is a very dominant position in the market...wake up. stable at 82 percent??? reality the real trend is lower every year now Wind and Solar percentages are increasing every year (they started in 2008) Quote Share this post Link to post Share on other sites
Ecocharger + 1,384 DL October 6, 2023 (edited) There is a vital disconnect between the analysis of economic prospects by independent observers and the Fed's own prognostications. https://oilprice.com/Geopolitics/International/WTO-Forecasts-Global-Trade-Slowdown-Amid-Economic-Headwinds.html "WTO said, "The exact causes of the slowdown are not clear, but inflation, high-interest rates, US dollar appreciation, and geopolitical tensions are all contributing elements." In a separate report, Infrastructure Capital Advisors CEO Jay Hatfield told Yahoo Finance Live that if rates stay this high, "We'll have a global recession, and the US may even get dragged into it." And Richard Kozul-Wright, the director of Unctad's globalization and development strategies division, said: "The global economy is stalling, with Europe teetering on the edge of recession, China facing strong headwinds and financial stresses are reappearing in the United States." Meanwhile, Fed members and staffers see no recession in the near future, while 84% of corporate executives warn of an incoming downturn as early as 2024. " Edited October 6, 2023 by Ecocharger Quote Share this post Link to post Share on other sites
notsonice + 1,102 DM October 7, 2023 5 hours ago, Ecocharger said: There is a vital disconnect between the analysis of economic prospects by independent observers and the Fed's own prognostications. https://oilprice.com/Geopolitics/International/WTO-Forecasts-Global-Trade-Slowdown-Amid-Economic-Headwinds.html "WTO said, "The exact causes of the slowdown are not clear, but inflation, high-interest rates, US dollar appreciation, and geopolitical tensions are all contributing elements." In a separate report, Infrastructure Capital Advisors CEO Jay Hatfield told Yahoo Finance Live that if rates stay this high, "We'll have a global recession, and the US may even get dragged into it." And Richard Kozul-Wright, the director of Unctad's globalization and development strategies division, said: "The global economy is stalling, with Europe teetering on the edge of recession, China facing strong headwinds and financial stresses are reappearing in the United States." Meanwhile, Fed members and staffers see no recession in the near future, while 84% of corporate executives warn of an incoming downturn as early as 2024. " Recession?????? 2023 ha ha ha only the slow ones keep thinking one is happening in the US Jobs report in the US today https://finance.yahoo.com/news/jobs-report-stunner-us-economy-creates-336000-jobs-in-september-nearly-twice-the-number-expected-123822203.html JOBS REPORT STUNNER: US economy creates 336,000 jobs in September, nearly twice the number expected global trade slowdown US is onshoring and dumping Made in China global trade is not needed when manufacturing is being onshored in the US Boom in domestic manufacturing........MADE IN USA is all Joe Biden Biden Boom in the US with Green Transition leading the charge 2024 US made Solar Power and US made semiconductors are booming....no 2024 recession only a globalist such as Ecochump ...the King of the Luddites is crying today Quote Share this post Link to post Share on other sites
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