notsonice + 1,175 DM Wednesday at 02:29 AM (edited) 3 hours ago, Ecocharger said: Obviously you know nothing about epidemiology...there are many moving parts in the causes of mortality. By the way, you forgot to include the source of this work. Who knows what these charts mean. These charts ignore morbidity data, so we have only a partial picture here, and no distinction between outdoor particulates and indoor particulates, or smoking rates. If the drastic reduction of outdoor particulates in America is causing a reduction in mortality and morbidity related to them, then why is that happening in spite of large but declining Asian emissions? You seem to be befuddled as usual. These charts answer your own question, there appears to be no relation between Asian PM25 levels and American mortality rates. there appears to be no relation between Asian PM25 levels and American mortality rates.???? I asked what is the impact of High asian PM2.5 levels and American PM 2.5 and you start babbling nonsense as usual I will let my info that I posted speak for itself and you???? all you can do is babble out of your arse Reductions in burning coal reduces PM 2.5 levels and reducing Oil consumption does the same... and mortality due to PM 2.5 decreases pretty simple that only the low IQ posters , such as yourself, are unable to understand Edited Wednesday at 04:27 AM by notsonice 1 1 Quote Share this post Link to post Share on other sites
Rob Plant + 2,697 RP Wednesday at 01:30 PM Alaskan glacier melt has accelerated sharply in recent years, study finds Alaskan glacier melt has accelerated sharply in recent years, study finds (msn.com) 1 Quote Share this post Link to post Share on other sites
Ecocharger + 1,409 DL Wednesday at 06:31 PM Demand for oil is hot and getting hotter as the summer season progresses. A large inventory draw this week including large turnaround in gasoline demand. https://oilprice.com/Energy/Crude-Oil/Oil-Prices-Rise-As-EIA-Confirms-Huge-Crude-Draw.html "Oil prices, meanwhile, remained at two-month highs after the American Petroleum Institute estimated a weekly inventory draw, pegging it at a significant 9 million barrels." 1 Quote Share this post Link to post Share on other sites
Ecocharger + 1,409 DL Wednesday at 06:35 PM (edited) 16 hours ago, notsonice said: there appears to be no relation between Asian PM25 levels and American mortality rates.???? I asked what is the impact of High asian PM2.5 levels and American PM 2.5 and you start babbling nonsense as usual I will let my info that I posted speak for itself and you???? all you can do is babble out of your arse Reductions in burning coal reduces PM 2.5 levels and reducing Oil consumption does the same... and mortality due to PM 2.5 decreases pretty simple that only the low IQ posters , such as yourself, are unable to understand You pointed out yourself (following my observation) that world deaths attributed to outdoor PM have not declined significantly despite the reduction in outdoor PM25 levels. The American data show a drastic reduction in PM25 but I do not see the distinction between indoor and outdoor pollution levels deaths. Perhaps the detailed data have something, but on a world basis the major reduction from pollution deaths is clearly related to indoor solid fuels reduction. Edited Wednesday at 06:36 PM by Ecocharger 2 1 Quote Share this post Link to post Share on other sites
Ecocharger + 1,409 DL Wednesday at 06:45 PM 5 hours ago, Rob Plant said: Alaskan glacier melt has accelerated sharply in recent years, study finds Alaskan glacier melt has accelerated sharply in recent years, study finds (msn.com) Nothing to do with CO2 in this article...find something which relates to the CO2 mania. 1 Quote Share this post Link to post Share on other sites
Ecocharger + 1,409 DL Wednesday at 09:14 PM Electricity demand in the AI industry has made it impossible to reach CO2 goals. https://oilprice.com/Latest-Energy-News/World-News/Googles-Emissions-Have-Surged-Nearly-50-Due-to-AI-Energy-Demand.html "Google’s greenhouse gas emissions have climbed over 48% since 2019, with the search giant’s increasing dependency on AI in its data centers dramatically increasing its power consumption. In the company’s 2024 Environmental Report, Google has now conceded that there’s “significant uncertainty” around reaching its target, saying it “won’t be easy” to reach its “extremely ambitious” goal of achieving net zero emissions by 2030." 1 1 Quote Share this post Link to post Share on other sites
turbguy + 1,506 Wednesday at 10:17 PM 57 minutes ago, Ecocharger said: Electricity demand in the AI industry has made it impossible to reach CO2 goals. https://oilprice.com/Latest-Energy-News/World-News/Googles-Emissions-Have-Surged-Nearly-50-Due-to-AI-Energy-Demand.html "Google’s greenhouse gas emissions have climbed over 48% since 2019, with the search giant’s increasing dependency on AI in its data centers dramatically increasing its power consumption. In the company’s 2024 Environmental Report, Google has now conceded that there’s “significant uncertainty” around reaching its target, saying it “won’t be easy” to reach its “extremely ambitious” goal of achieving net zero emissions by 2030." Who would have ever have conceived that "1's & 0"s" would demand so much electric power? Ah, well... One measure of data center operations efficiency is to keep cooling demands low. Recent articles seem to indicate that the average is about 40% of power consumption is used for cooling the servers/equipment! Seems to me that either these facilities should be located where it's cold for much of the year, or at least use a geothermal sink and implement heat pumps. 1 1 Quote Share this post Link to post Share on other sites
TailingsPond + 562 GE Wednesday at 11:00 PM (edited) 44 minutes ago, turbguy said: Seems to me that either these facilities should be located where it's cold for much of the year, or at least use a geothermal sink and implement heat pumps. Google is testing underwater severs. Cheap / free cooling. 1 hour ago, Ecocharger said: Electricity demand in the AI industry has made it impossible to reach CO2 goals. https://oilprice.com/Latest-Energy-News/World-News/Googles-Emissions-Have-Surged-Nearly-50-Due-to-AI-Energy-Demand.html "Google’s greenhouse gas emissions have climbed over 48% since 2019, with the search giant’s increasing dependency on AI in its data centers dramatically increasing its power consumption. In the company’s 2024 Environmental Report, Google has now conceded that there’s “significant uncertainty” around reaching its target, saying it “won’t be easy” to reach its “extremely ambitious” goal of achieving net zero emissions by 2030." Google is striving for zero net emissions, they will still keep getting better but might not hit zero by 2030. Do not confuse Google goals and global goals. At least Google acknowledges the problem and is trying to do their part. Edited Wednesday at 11:03 PM by TailingsPond Quote Share this post Link to post Share on other sites
TailingsPond + 562 GE Wednesday at 11:31 PM 4 hours ago, Ecocharger said: the major reduction from pollution deaths is clearly related to indoor solid fuels reduction. That is true. Now we just need to stop using solid fuels outside. At least you are starting to connect the dots that fossil fuels cause deaths via pollution. The primary pollutant is PM2.5 and the industry that makes most of that PM2.5 is fossil fuels. The outdoor air in the heart of oil and coal country in the USA remains polluted. https://www.iqair.com/ca/usa/texas They did have some improvement in 2017 when they closed 3 coal power plants. "State data shows that the closure of three coal-burning power plants in late 2017 kept more than 150,000 tons of dangerous, smog-forming air pollutants from entering the atmosphere during the following year." Quote Share this post Link to post Share on other sites
TailingsPond + 562 GE yesterday at 12:07 AM (edited) 11 hours ago, Ecocharger said: Demand for oil is hot and getting hotter as the summer season progresses. A large inventory draw this week including large turnaround in gasoline demand. https://oilprice.com/Energy/Crude-Oil/Oil-Prices-Rise-As-EIA-Confirms-Huge-Crude-Draw.html "Oil prices, meanwhile, remained at two-month highs after the American Petroleum Institute estimated a weekly inventory draw, pegging it at a significant 9 million barrels." Meanwhile, Occidental Petroleum just had its stock rating downgraded. I told you the stock would take a hit after B.H. bought the shares with a big discount due to "market concerns." Fact is many experts are hesitant to invest in fossil fuels as a long-term investment. Pretty easy to see exploration is going down. https://www.eia.gov/petroleum/wells/ Edited yesterday at 06:14 AM by TailingsPond 1 Quote Share this post Link to post Share on other sites
Ecocharger + 1,409 DL yesterday at 03:16 AM Demand for oil is hot and getting hotter. https://oilprice.com/Energy/Oil-Prices/Standard-Chartered-Oil-Rally-Will-Extend-Well-Beyond-90-Per-Barrel.html "Oil is off to a strong start of Q3 with Brent rallying past $86 per barrel. According to commodity analysts at Standard Chartered, the Brent rally is sustainable well past $90/bbl. Standard Chartered: global oil markets will record a deficit in Q3 that will spill over into Q4." Quote Share this post Link to post Share on other sites
Ecocharger + 1,409 DL yesterday at 03:19 AM 3 hours ago, TailingsPond said: That is true. Now we just need to stop using solid fuels outside. At least you are starting to connect the dots that fossil fuels cause deaths via pollution. The primary pollutant is PM2.5 and the industry that makes most of that PM2.5 is fossil fuels. The outdoor air in the heart of oil and coal country in the USA remains polluted. https://www.iqair.com/ca/usa/texas They did have some improvement in 2017 when they closed 3 coal power plants. "State data shows that the closure of three coal-burning power plants in late 2017 kept more than 150,000 tons of dangerous, smog-forming air pollutants from entering the atmosphere during the following year." You again manage to miss the point, there have been massive reduction in PM2.5 but the charts do not seem to show a reduction in deaths attributed to outdoor particulate matter. The reduction in deaths is attributed to the reduction of indoor solid fuels. Quote Share this post Link to post Share on other sites
notsonice + 1,175 DM yesterday at 04:40 AM (edited) 2 hours ago, Ecocharger said: Demand for oil is hot and getting hotter. https://oilprice.com/Energy/Oil-Prices/Standard-Chartered-Oil-Rally-Will-Extend-Well-Beyond-90-Per-Barrel.html "Oil is off to a strong start of Q3 with Brent rallying past $86 per barrel. According to commodity analysts at Standard Chartered, the Brent rally is sustainable well past $90/bbl. Standard Chartered: global oil markets will record a deficit in Q3 that will spill over into Q4." only thing propping up the oil price is OPEC restricting its output...China demand is characterized as wobbly, woes, and sputtering Demand for oil is hot and getting hotter.???????knock yourself dead and go long with all your money, you will be rich betting on your own BS..........Market loves Chumps who believe in their own Babbling BS as for demand if it was getting hot and hotter OPEC would not be restricting its output by 5.86 million barrels a day as they are doing right now.if demand was hot..... Pesky EVs in China are knocking the crap out of demand OPEC pumped 26.70 million barrels per day (bpd) last month....June 2024...chart that ugly sucker you have to to back to 2001 or during the pandemic to hit such low numbers Reuters Asia's first half crude oil imports slip, undermining bullish forecasts Asia's imports of crude oil ticked lower in the first half of 2024 from the same period last year, defying expectations that the... . 2 days ago Morningstar Energy: OPEC Continues to Operate From a Position of Weakness With Production Cuts Extension Energy stocks underperformed this quarter. We attribute this largely to weak oil prices, and we expect continued weakness, with $65-$70 a... OPEC has three separate cuts in progress, totaling 5.86 million barrels per day. A groupwide cut of about 2 million barrels per day was originally set to expire at the end of 2024 but was extended to the end of 2025. Similarly, a 1.7 million bbl/d voluntary cut by certain members was also extended to the end of 2025, from the end of 2024. Finally, a second 2.2 million bbl/d per day voluntary cut by certain members was extended in full for another quarter. It was initially due to expire at the end of June, before gradually being phased out by September 2025. Importantly, OPEC’s announcement signaled that the monthly increases phasing out the production cut can be “paused or reversed subject to market conditions.” In other words, we could see the 2.2 million bbl/d reversal placed on hold if the market remains oversupplied. . 2 days ago Energy Intelligence China's Demand Sputters Give Oil Market a Chill Chinese oil demand is looking wobbly, defying forecasts of robust growth this year. . 7 hours ago Reuters Oil prices to stay steady as China demand woes offset Mideast risks Oil prices will not change much in the second half of 2024 as concerns around demand from China and prospects of higher supply from key... . 5 days ago Edited yesterday at 05:26 AM by notsonice 1 Quote Share this post Link to post Share on other sites
notsonice + 1,175 DM yesterday at 05:19 AM (edited) Peak Oil already happened............... EVs are now 50 percent of the New vehicle market in China up from less than 40 percent just 6 months ago EVs have taken over the Chinese market and are heading to 60 percent of new vehicle market by the end of this year..............OPEC is screwed and will never be able to unwind its production cuts. OPEC has a hard choice to increase production and drop the price of oil into the $60 range and try to eliminate some competition or forever cut production ....and the problem is alot of excess production is ramping up all over the world right now...... At the end of 2025....New EVs will be at 80 percent of the Chinese market with clunkers being scrapped on a massive scale in China......Oil Demand at the end of 2025 in China will be 1 million barrels a day less than it is today. Today's Oil demand in China YOY is 1 percent less than it was in 2023 And the bigger problem for OPEC and the Oil industry at large is inexpensive EV production is ramping up around the world and China is driving all of it....Lithium price has crashed ....battery price has crashed....renewable electricity is the lowest cost of all sources and solar panel prices have crashed.............. OPEC has no tools in its basket to stop the EV/renewable boom Enjoy the Green Agenda ....Global PM 2.5 will start to drop and decrease for the next 20 years Cleaner AIr is a bonus for all of US CnEVPost China NEV retail at 864000 in Jun, up 6% from May, preliminary CPCA data show China's NEV penetration at retail stood at 49.23 percent in June and 41.91 percent year-to-date. China's retail sales of new energy-vehicles... . 19 hours ago Reuters Asia's first half crude oil imports slip, undermining bullish forecasts Asia's imports of crude oil ticked lower in the first half of 2024 from the same period last year, defying expectations that the... . 2 days ago CnEVPost China Jun NEV wholesale at 970000, up 8% from May, CPCA estimates show In June, price wars in China's auto market cooled down, spurring consumer sentiment among groups that had been on the sidelines,... . 1 day ago Edited yesterday at 05:26 AM by notsonice 1 Quote Share this post Link to post Share on other sites
TailingsPond + 562 GE yesterday at 05:31 AM (edited) 5 hours ago, Ecocharger said: You again manage to miss the point, there have been massive reduction in PM2.5 but the charts do not seem to show a reduction in deaths attributed to outdoor particulate matter. The air is still not clean. Consider the possibility that the number of deaths attributed to outdoor particulate matter are correct, not that the linkage between PM2.5 and disease is weak. I could entertain the idea that there could have been some change in the ways deaths are attributed to a cause over all that time. More PM2.5 related deaths are being detected. Detection rates and incidence are not the same. Lots of diseases have high incidence, few symptoms, and delayed detection. A not so long time ago people didn't attribute any disease to cigarette smoke. It wasn't until 1964 before the S. General released a statement saying cigs kill. Of course, cigarettes have been killing people since there invention, it's just the cause of death was not attributed to smoking. Lastly, the people were working during the high PM2.5 times may only now be presenting the diseases it caused, cancer takes time. Think of asbestos, people who die from asbestos-related lung disease often were last exposed to asbestos more than a decade previous to detection and eventual death. Edited yesterday at 08:27 AM by TailingsPond 1 1 1 Quote Share this post Link to post Share on other sites
notsonice + 1,175 DM yesterday at 05:32 AM this one is for all the dimwitted lovers of oil.......so glad to see the news that Oil Demand is dropping in the one market they were counting on including INDIA Asia imported 27.16 million barrels per day (bpd) of crude in the January to June period, down a modest 130,000 bpd from the 27.29 million bpd in the same period in 2023, according to data compiled by LSEG Oil Research.2 days ago Asia's first half crude oil imports slip, undermining bullish forecasts hellenicshippingnews.com https://www.hellenicshippingnews.com › asias-first-half-c... Quote Share this post Link to post Share on other sites
Rob Plant + 2,697 RP yesterday at 07:49 AM (edited) 13 hours ago, Ecocharger said: Nothing to do with CO2 in this article...find something which relates to the CO2 mania. Why? The article relates to glacier melt, I never said anything about Co2 and neither does the article. Whats your point? The planet is warming, of that there is no argument (unless your name is Footinmouth), and the scientific consensus rightly or wrongly is that its being driven by fossil fuel burning and in particular Co2 release, that's not news to anyone is it? The planet has been way hotter than it is today, in fact its pretty cool right now compared to average, but mankind didn't exist during those really hot periods. I guess the question is how will rapidly rising temperatures affect mankind and life on earth as a whole. What's the hottest Earth's ever been? | NOAA Climate.gov Edited yesterday at 07:51 AM by Rob Plant 1 Quote Share this post Link to post Share on other sites
Ecocharger + 1,409 DL yesterday at 03:48 PM 7 hours ago, Rob Plant said: Why? The article relates to glacier melt, I never said anything about Co2 and neither does the article. Whats your point? The planet is warming, of that there is no argument (unless your name is Footinmouth), and the scientific consensus rightly or wrongly is that its being driven by fossil fuel burning and in particular Co2 release, that's not news to anyone is it? The planet has been way hotter than it is today, in fact its pretty cool right now compared to average, but mankind didn't exist during those really hot periods. I guess the question is how will rapidly rising temperatures affect mankind and life on earth as a whole. What's the hottest Earth's ever been? | NOAA Climate.gov There is no such thing as "science consensus", that is not a science term but a political term. Science is always changing with new research. But EVs as a solution to anything is going the way of the dodo bird. https://www.goldmansachs.com/intelligence/pages/why-are-ev-sales-slowing.html "We believe there are three main factors blunting EV penetration. For one, we’re seeing rising concerns around EV capital costs due to lower prices being realized for used EVs. In the UK, for example, EV used car prices have fallen sharply in recent months. Two, uncertainty around a number of elections this year has decreased visibility on potential changes to government policies affecting the EV industry. The third and final concern is around a shortage of rapid-charging stations. As EV penetration accelerates, rapid charging station infrastructure issues have emerged as a tangible problem. Several automakers have said that concerns about driving range and charging infrastructure are increasing. These issues may lead consumers to have second thoughts about buying an EV. How has the EV slowdown impacted your forecasts? We think our bear scenario calling for a year-over-year decline in EV sales volume in 2024 has become more realistic given the three negative factors outlined above. We previously suggested that EV penetration could vary considerably under various conditions. Despite the current slowdown in EVs, our base-case scenario still calls for EV sales volume to rise 21% year-over-year in 2024. But under our bear-case scenario, we see EV sales volume declining 2% year-over-year, and negative growth would likely result in oversupply across the EV supply chain." 1 Quote Share this post Link to post Share on other sites
Ecocharger + 1,409 DL yesterday at 03:52 PM (edited) 11 hours ago, notsonice said: only thing propping up the oil price is OPEC restricting its output...China demand is characterized as wobbly, woes, and sputtering Demand for oil is hot and getting hotter.???????knock yourself dead and go long with all your money, you will be rich betting on your own BS..........Market loves Chumps who believe in their own Babbling BS as for demand if it was getting hot and hotter OPEC would not be restricting its output by 5.86 million barrels a day as they are doing right now.if demand was hot..... Pesky EVs in China are knocking the crap out of demand OPEC pumped 26.70 million barrels per day (bpd) last month....June 2024...chart that ugly sucker you have to to back to 2001 or during the pandemic to hit such low numbers Reuters Asia's first half crude oil imports slip, undermining bullish forecasts Asia's imports of crude oil ticked lower in the first half of 2024 from the same period last year, defying expectations that the... . 2 days ago Morningstar Energy: OPEC Continues to Operate From a Position of Weakness With Production Cuts Extension Energy stocks underperformed this quarter. We attribute this largely to weak oil prices, and we expect continued weakness, with $65-$70 a... OPEC has three separate cuts in progress, totaling 5.86 million barrels per day. A groupwide cut of about 2 million barrels per day was originally set to expire at the end of 2024 but was extended to the end of 2025. Similarly, a 1.7 million bbl/d voluntary cut by certain members was also extended to the end of 2025, from the end of 2024. Finally, a second 2.2 million bbl/d per day voluntary cut by certain members was extended in full for another quarter. It was initially due to expire at the end of June, before gradually being phased out by September 2025. Importantly, OPEC’s announcement signaled that the monthly increases phasing out the production cut can be “paused or reversed subject to market conditions.” In other words, we could see the 2.2 million bbl/d reversal placed on hold if the market remains oversupplied. . 2 days ago Energy Intelligence China's Demand Sputters Give Oil Market a Chill Chinese oil demand is looking wobbly, defying forecasts of robust growth this year. . 7 hours ago Reuters Oil prices to stay steady as China demand woes offset Mideast risks Oil prices will not change much in the second half of 2024 as concerns around demand from China and prospects of higher supply from key... . 5 days ago You really are unaware again, https://oilprice.com/Energy/Oil-Prices/Standard-Chartered-Oil-Rally-Will-Extend-Well-Beyond-90-Per-Barrel.html "StanChart notes that oil market sentiment turned extremely bearish in April with speculative funds moving rapidly to the short side of the market. This negative sentiment shift was largely driven by weak U.S. transport fuel demand as per reports by the Energy Information Administration (EIA) weekly data. Media houses did not help with the narrative, with some talking about multi-decade demand-lows and predicting an imminent collapse of the U.S. economy. To wit, the EIA estimated that U.S. gasoline demand declined 4.4% Y/Y in April, triggering a rapid pivot by speculative funds towards the short side of the market. However, StanChart quickly pointed out that there appears to be a systemic downwards bias in estimates of U.S. fuel demand, with actual gasoline demand exceeding estimates in 22 of the past 24 months, while distillate demand (mainly diesel) has been revised higher in all of the past 24 months. StanChart predicted that EIA estimates for April gasoline demand were too low with actual demand likely to surprise to the upside." "Well, StanChart was recently vindicated, with April gasoline demand turning out to be at a two-month low rather than a two-decade low. On 28 June, the EIA published its Petroleum Supply Monthly (PSM) Report that contained large upward revisions for gasoline, distillates (mainly diesel) and jet fuel. The y/y demand changes were revised to -1.5% from -4.1% for gasoline, to -2.0% from -9.2% for distillates and to +5.4% from -1.0% for jet fuel. StanChart notes that the combined upwards revision in transport fuel demand clocked in at 602 thousand barrels per day (kb/d), exceeding the upwards revisions of 547 kb/d and 487 kb/d made to the initial September and November 2023 data, respectively. On the supply side, PSM revised April U.S. crude oil production to 13.248 mb/d from the 13.1 mb/d shown in the weekly data, good for a 72 kb/d m/m increase. This implies that April output was 47 kb/d below November 2023’s all-time high. Overall, StanChart points out that U.S. crude production has increased by just 248 kb/d over the past 53 months." Edited yesterday at 03:54 PM by Ecocharger Quote Share this post Link to post Share on other sites
Ecocharger + 1,409 DL yesterday at 03:59 PM 10 hours ago, TailingsPond said: The air is still not clean. Consider the possibility that the number of deaths attributed to outdoor particulate matter are correct, not that the linkage between PM2.5 and disease is weak. I could entertain the idea that there could have been some change in the ways deaths are attributed to a cause over all that time. More PM2.5 related deaths are being detected. Detection rates and incidence are not the same. Lots of diseases have high incidence, few symptoms, and delayed detection. A not so long time ago people didn't attribute any disease to cigarette smoke. It wasn't until 1964 before the S. General released a statement saying cigs kill. Of course, cigarettes have been killing people since there invention, it's just the cause of death was not attributed to smoking. Lastly, the people were working during the high PM2.5 times may only now be presenting the diseases it caused, cancer takes time. Think of asbestos, people who die from asbestos-related lung disease often were last exposed to asbestos more than a decade previous to detection and eventual death. There have been major reductions in outdoor particulate levels, as I showed you above. That should translate into reduced mortality and morbidity in related illnesses, and the morbidity data, as I indicated above, is not reported. However, there has been very little response to reduced outdoor particulates, indicating that indoor solid fuels is the major contributor to health issues. Reduced indoor pollution has resulted in major reductions of morbidity and probably mortality (one follows the other). So there is no indication that PM2.5 is a significant driver of mortality or morbidity statistics. You are just blowing hot air through your hat. 1 Quote Share this post Link to post Share on other sites
notsonice + 1,175 DM yesterday at 04:43 PM (edited) 4 hours ago, Ecocharger said: You really are unaware again, https://oilprice.com/Energy/Oil-Prices/Standard-Chartered-Oil-Rally-Will-Extend-Well-Beyond-90-Per-Barrel.html "StanChart notes that oil market sentiment turned extremely bearish in April with speculative funds moving rapidly to the short side of the market. This negative sentiment shift was largely driven by weak U.S. transport fuel demand as per reports by the Energy Information Administration (EIA) weekly data. Media houses did not help with the narrative, with some talking about multi-decade demand-lows and predicting an imminent collapse of the U.S. economy. To wit, the EIA estimated that U.S. gasoline demand declined 4.4% Y/Y in April, triggering a rapid pivot by speculative funds towards the short side of the market. However, StanChart quickly pointed out that there appears to be a systemic downwards bias in estimates of U.S. fuel demand, with actual gasoline demand exceeding estimates in 22 of the past 24 months, while distillate demand (mainly diesel) has been revised higher in all of the past 24 months. StanChart predicted that EIA estimates for April gasoline demand were too low with actual demand likely to surprise to the upside." "Well, StanChart was recently vindicated, with April gasoline demand turning out to be at a two-month low rather than a two-decade low. On 28 June, the EIA published its Petroleum Supply Monthly (PSM) Report that contained large upward revisions for gasoline, distillates (mainly diesel) and jet fuel. The y/y demand changes were revised to -1.5% from -4.1% for gasoline, to -2.0% from -9.2% for distillates and to +5.4% from -1.0% for jet fuel. StanChart notes that the combined upwards revision in transport fuel demand clocked in at 602 thousand barrels per day (kb/d), exceeding the upwards revisions of 547 kb/d and 487 kb/d made to the initial September and November 2023 data, respectively. On the supply side, PSM revised April U.S. crude oil production to 13.248 mb/d from the 13.1 mb/d shown in the weekly data, good for a 72 kb/d m/m increase. This implies that April output was 47 kb/d below November 2023’s all-time high. Overall, StanChart points out that U.S. crude production has increased by just 248 kb/d over the past 53 months." good luck with your Babble... as I do not see your babble improving the declining demand out of Asia...unless you bought a supertanker and have a need for 2 million Barrels of oil on a continuing basis try to keep up StanChart notes that oil market sentiment turned extremely bearish in April and with the latest news out of Asia 02/07/2024....just for the slow ones the date is July 2, 2024 Asia imported 27.16 million barrels per day (bpd) of crude in the January to June period, down a modest 130,000 bpd from the 27.29 million bpd in the same period in 2023, according to data compiled by LSEG Oil Research.2 days ago Asia's first half crude oil imports slip, undermining bullish forecasts hellenicshippingnews.com https://www.hellenicshippingnews.com › asias-first-half-c... some highlights Asia’s imports of crude oil ticked lower in the first half of 2024 from the same period last year, defying expectations that the top-consuming continent would lead global demand growth. OPEC’s June monthly oil market report forecast that China’s oil demand would grow by 720,000 bpd in 2024 over 2023, while the IEA is expecting an expansion of 500,000 bpd. However, China’s imports were about 11.08 million bpd in the first half, a figure calculated by using official customs data for the first five months and LSEG’s forecast for June. This is down 300,000 bpd from the customs number of 11.38 million bpd for the first six months of 2023. Edited yesterday at 08:35 PM by notsonice Quote Share this post Link to post Share on other sites
Polyphia + 78 LT yesterday at 05:15 PM 1 hour ago, Ecocharger said: There is no such thing as "science consensus", that is not a science term but a political term. Science is always changing with new research. But EVs as a solution to anything is going the way of the dodo bird. https://www.goldmansachs.com/intelligence/pages/why-are-ev-sales-slowing.html "We believe there are three main factors blunting EV penetration. For one, we’re seeing rising concerns around EV capital costs due to lower prices being realized for used EVs. In the UK, for example, EV used car prices have fallen sharply in recent months. Two, uncertainty around a number of elections this year has decreased visibility on potential changes to government policies affecting the EV industry. The third and final concern is around a shortage of rapid-charging stations. As EV penetration accelerates, rapid charging station infrastructure issues have emerged as a tangible problem. Several automakers have said that concerns about driving range and charging infrastructure are increasing. These issues may lead consumers to have second thoughts about buying an EV. How has the EV slowdown impacted your forecasts? We think our bear scenario calling for a year-over-year decline in EV sales volume in 2024 has become more realistic given the three negative factors outlined above. We previously suggested that EV penetration could vary considerably under various conditions. Despite the current slowdown in EVs, our base-case scenario still calls for EV sales volume to rise 21% year-over-year in 2024. But under our bear-case scenario, we see EV sales volume declining 2% year-over-year, and negative growth would likely result in oversupply across the EV supply chain." Scientific consensus is what the majority of scientists agree on at a particular point in time given the existing evidence. It is not a political term. And in no way is it true that the consensus cannot be/should not be challenged. We need to keep searching for better and more complete explanations, and good scientists do exactly that. 1 Quote Share this post Link to post Share on other sites
notsonice + 1,175 DM yesterday at 05:25 PM 14 hours ago, Ecocharger said: Demand for oil is hot and getting hotter. https://oilprice.com/Energy/Oil-Prices/Standard-Chartered-Oil-Rally-Will-Extend-Well-Beyond-90-Per-Barrel.html "Oil is off to a strong start of Q3 with Brent rallying past $86 per barrel. According to commodity analysts at Standard Chartered, the Brent rally is sustainable well past $90/bbl. Standard Chartered: global oil markets will record a deficit in Q3 that will spill over into Q4." why would anyone cut their price if Oil demand is Hot and getting Hotter????? Yahoo Finance Aramco Cuts Aug. Crude Prices to Asia in Sign of Weaker Demand (Bloomberg) -- Saudi Aramco cut prices for all of its oil grades to Asia for a second month in a sign that the world's biggest crude... . 4 hours ago 1 Quote Share this post Link to post Share on other sites
TailingsPond + 562 GE yesterday at 06:21 PM (edited) 2 hours ago, Ecocharger said: So there is no indication that PM2.5 is a significant driver of mortality or morbidity statistics. That is laughable. You yourself wrote that reduction in indoor PM2.5 has reduced deaths. Now you deny that PM2.5 is a problem? What, the particles are only toxic if indoors? Pretty funny logic there bud, keep up the entertainment! I explained it to you why the PM values and disease may not track exactly in time due to delayed presentation / detection. You ignore that reality. Do you accept that asbestos takes a long time to kill? Why couldn't other airborne toxins also have delayed detrimental effects? I have linked you to literally thousands of studies showing the negative effects of PM2.5 Here are 9,422 articles about the effect of PM 2.5 on human health. https://pubmed.ncbi.nlm.nih.gov/?term=PM+2.5+human+health You still dodge the question. What forms of pollution would you accept regulatory restrictions? You seem to support all forms of pollution. Oh also what day is the reckoning happening and what is going to happen. I still can't "mark your words" as you predicted nothing. Edited yesterday at 06:32 PM by TailingsPond Quote Share this post Link to post Share on other sites
footeab@yahoo.com + 2,174 yesterday at 06:29 PM 57 minutes ago, notsonice said: why would anyone cut their price if Oil demand is Hot and getting Hotter????? Yahoo Finance Aramco Cuts Aug. Crude Prices to Asia in Sign of Weaker Demand (Bloomberg) -- Saudi Aramco cut prices for all of its oil grades to Asia for a second month in a sign that the world's biggest crude... . 4 hours ago Why is anyone so dumb as to believe short blimps, blomps, and dongles 🔃in the market are reality? Far as I am concerned, vast majority of "trading" in paper should be banned. Either you take physical control and own it or you don't. This garbage "short/long" so called "positions" far as I am concerned should be banned outright. Own actual 1:1 ratio physical stock or get lost. Yea yea, New York/London/Shanghai and their pile of empty cards would crash and burn, but all the actual companies producing products would be much better off and all the employees producing said goods. The skimmers at the top would be eliminated. 2 Quote Share this post Link to post Share on other sites
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