Old-Ruffneck + 1,211 er July 30 21 minutes ago, notsonice said: And demand for Crude..........down down down Brent now under $79 that is a drop of $9 in less than one month and no end in sight on the drop as demand in China is going down down down Thanks to EVs Enjoy the Green Agenda..... Peak Oil already happened Are you that ignorant? Move to China since seem have many posts how great it is. Price drop is not a reflection of usage. Crude inventories are still dropping, This week marks the fifth week in a row of API-estimated inventory draws for crude oil, for a total loss of 24 million barrels during that time. You can't keep losing inventory without paying down the road. That is basic economics. Enjoy the cheaper fuel in your ICE !! 1 Quote Share this post Link to post Share on other sites
Ecocharger + 1,428 DL July 30 53 minutes ago, TailingsPond said: You have preconceived notions. You "intend to see things" instead of looking with an impartial eye. Make sure you tell your Californian friends they are idiots, be a grump and complain about politics. South Korea and Japan are probably close to home, terrorist. We should probably alert the authorities a spy is coming to the USA. It would take a liberal codebook to make any sense out of your mishmash of goofy retreads. My friends in California are normal people, yes, not all of them have migrated out of the state. 1 Quote Share this post Link to post Share on other sites
Ecocharger + 1,428 DL July 30 49 minutes ago, TailingsPond said: The markets are at work right now and near equilibrium. If there was an erroneous market price in need of correction investors would gobble that up within minutes not hours or days. Have you ever traded equities? Why do I have to tell you election results? You are the grand wizard of economics! Good economists say they can predict elections not the other way around. Economists do not predict elections, even the politicians have no clue. If you expect economists to predict future market outcomes, you have to tell them which set of government policies will be in place. The vagaries of nit-wit political actors is not something which anyone can predict. Quote Share this post Link to post Share on other sites
Ecocharger + 1,428 DL July 30 46 minutes ago, TailingsPond said: Why not just predict all possible outcomes? There are not that many options. What will happen if Trump wins? What will Happen if Harris wins? Alternate GOP wins? Alternate Dem wins? Show me which policies are implemented, then a prediction can be made. Quote Share this post Link to post Share on other sites
Ecocharger + 1,428 DL July 30 46 minutes ago, notsonice said: And demand for Crude..........down down down Brent now under $79 that is a drop of $9 in less than one month and no end in sight on the drop as demand in China is going down down down Thanks to EVs Enjoy the Green Agenda..... Peak Oil already happened Demand for oil and oil products is reflected in inventory numbers, which are currently in rapid decline. Demand is strong. 1 Quote Share this post Link to post Share on other sites
TailingsPond + 646 GE July 30 14 minutes ago, Old-Ruffneck said: You can't keep losing inventory without paying down the road. That is basic economics. Lots of products experience reduced sales, manufacturers stop making as much, inventories fall, product goes away. There is no rule that a product has to be purchased "down the road" other than maybe food. 1 Quote Share this post Link to post Share on other sites
TailingsPond + 646 GE July 30 20 minutes ago, Old-Ruffneck said: Move to China since seem have many posts how great it is. Just Eco wants to emulate China. 1 Quote Share this post Link to post Share on other sites
TailingsPond + 646 GE July 30 5 minutes ago, Ecocharger said: Show me which policies are implemented, then a prediction can be made. Why do I have to do everything? If you are so smart predict something yourself. Let me spoon feed you. Trump will "drill baby drill." Harris will not. If I tell you everything are your predictions worth anything? Good grief. Who would hire you as any form of consultant or advisor? Heck, you don't even understand that the current prices are correct. The current price is literally what oil is selling for right now and you say it's wrong. 1 Quote Share this post Link to post Share on other sites
TailingsPond + 646 GE July 30 (edited) 14 minutes ago, Ecocharger said: Economists do not predict elections They very often do. Incumbents with rising markets tend to get re-elected. You should know that. Oh look! You are so easy to smash. https://www.economist.com/interactive/us-2024-election/prediction-model/president https://www.economist.com/united-states/2024/07/21/joe-biden-quits-the-race-at-last-whats-next Edited July 30 by TailingsPond 1 1 Quote Share this post Link to post Share on other sites
Old-Ruffneck + 1,211 er July 30 1 minute ago, TailingsPond said: Trump will "drill baby drill." Maybe Trump will send troops to Canada and make it part of the USA 1 Quote Share this post Link to post Share on other sites
Old-Ruffneck + 1,211 er July 30 10 minutes ago, TailingsPond said: Just Eco wants to emulate China. No, just the Joy Behar wanna be notsonice really is infatuated with China. Been fun, but I have 1.5 hours of paperwork to do.......enjoy the evening 🙂 1 Quote Share this post Link to post Share on other sites
TailingsPond + 646 GE July 30 1 minute ago, Old-Ruffneck said: Maybe Trump will send troops to Canada and make it part of the USA Yeah, you have more guns. The rest of the world would never allow USA to hold all of north America. It would be WWIII 1 Quote Share this post Link to post Share on other sites
TailingsPond + 646 GE July 30 1 minute ago, Old-Ruffneck said: Been fun, but I have 1.5 hours of paperwork to do.......enjoy the evening 🙂 If it really takes you that long I could make you a Excel workbook or write a small program to expedite your tasks. Not joking, I can code. Tell me what the task is. 1 Quote Share this post Link to post Share on other sites
notsonice + 1,216 DM July 31 6 hours ago, Old-Ruffneck said: Are you that ignorant? Move to China since seem have many posts how great it is. Price drop is not a reflection of usage. Crude inventories are still dropping, This week marks the fifth week in a row of API-estimated inventory draws for crude oil, for a total loss of 24 million barrels during that time. You can't keep losing inventory without paying down the road. That is basic economics. Enjoy the cheaper fuel in your ICE !! Move to China since seem have many posts how great it is.????? Last place on earth I would live in......Illinois.. Second last place China...the pollution (from using fossil fuels) sucks from St Louis to Bloomington Illinois...the I-55 corridor is the land of fat old ignorant fools........and you fit the bill . the reported decreases in Crude oil in the summer are typical seasonal drawdowns..........happens every year the weekly click bait articles on US inventories declining and how it is not causing a rise in price is put out their trying to get you to think prices should be moving up...............Newsflash moron...........seasonal Crude, Gasoline and Jet Fuel inventory declines in the US occur every summer ....is not a price driver.......The lack of demand in China is....................endless articles are being posted here on this site alone that are all concerning the lack of demand since the first of the Year and that Peak Oil in China is here now I posted the data before on US crude stock....maybe you are too slow to read it and understand it..........maybe you are too slow to understand how to do a basic data hunt on the web....lots of geriatric old fools such as yourself that only have crude skills on how to surf the web here it is data again.... and.you posted .....Price drop is not a reflection of usage????..........you really think lack of demand has nothing to do with price????? you must be a brain dead old man Crude oil is flat and YOY up.........declining fast????? you should stop using drugs Weekly U.S. Ending Stocks of Crude Oil (Thousand Barrels) 2023-Feb 02/03 826,690 02/10 842,973 02/17 850,620 02/24 851,786 2023-Mar 03/03 850,092 03/10 851,642 03/17 852,759 03/24 845,270 03/31 841,127 2023-Apr 04/07 840,124 04/14 833,931 04/21 827,856 04/28 824,571 2023-May 05/05 824,598 05/12 827,210 05/19 813,122 05/26 815,093 2023-Jun 06/02 812,774 06/09 818,811 06/16 813,261 06/23 802,307 06/30 799,341 2023-Jul 07/07 804,886 07/14 804,179 07/21 803,579 07/28 786,530 2023-Aug 08/04 793,376 08/11 788,016 08/18 782,476 08/25 772,486 2023-Sep 09/01 766,977 09/08 771,222 09/15 769,686 09/22 767,267 09/29 765,343 2023-Oct 10/06 775,513 10/13 771,022 10/20 772,394 10/27 773,167 2023-Nov 11/03 787,036 11/10 790,628 11/17 799,328 11/24 801,251 2023-Dec 12/01 796,948 12/08 792,684 12/15 796,222 12/22 789,901 12/29 785,453 2024-Jan 01/05 787,397 01/12 785,501 01/19 777,188 01/26 779,314 2024-Feb 02/02 785,449 02/09 798,213 02/16 802,475 02/23 807,417 2024-Mar 03/01 809,490 03/08 808,550 03/15 807,348 03/22 811,257 03/29 815,058 2024-Apr 04/05 821,494 04/12 824,877 04/19 819,302 04/26 827,161 2024-May 05/03 826,746 05/10 824,831 05/17 827,649 05/24 823,978 05/31 826,109 2024-Jun 06/07 830,178 06/14 828,017 06/21 832,893 06/28 821,134 2024-Jul 07/05 818,168 07/12 813,948 07/19 810,897 Quote Share this post Link to post Share on other sites
notsonice + 1,216 DM July 31 (edited) and the latest news..................Peak Oil already happened and China is in charge of the demand destruction Reuters Oil prices slide 1%, settle at 7-week low on China worries Oil prices slid about 1% to settle at a seven-week low on Tuesday as investors worried that demand from China could be weakening while OPEC+... . 10 hours ago U.S. Energy Information Administration (EIA) (.gov) EnergyWatch Concerns about Chinese demand weigh on oil prices Tensions over punitive tariffs from Europe and the US will also affect Chinese oil demand in the future,” says senior analyst. . 20 hours ago Crude Oil Prices Today | OilPrice.com Why Falling U.S. Inventories Fail To Lift Oil Prices Lingering concerns about the state of China's economy and oil demand in the second half of the year continue to be the major drag on oil... . 1 day ago Forbes Oil Falls To 7-Week Low In U.S. Trading On Demand Fears Oil futures slid by nearly 2% to seven-week lows by the close of trading in the U.S. on Monday, as global demand concerns outweighed rising... . 1 day agoAmerican Journal of Transportation China outweighs US’ positive momentum, oil under pressure - Rystad Energy Oil prices are falling again, rounding out a month of muted demand and overall bearish sentiment. . 15 hours ago MarketPulse WTI Oil: At the risk of a further drop to retest major range support of US$73.15-71.35/barrel WTI crude oil facers further downside pressure below US$80.30 key resistance as it broke below its 200-day moving average. . 18 hours ago Edited July 31 by notsonice Quote Share this post Link to post Share on other sites
Old-Ruffneck + 1,211 er July 31 (edited) 17 hours ago, notsonice said: and the latest news..................Peak Oil already happened and China is in charge of the demand destruction Reuters Oil prices slide 1%, settle at 7-week low on China worries Oil prices slid about 1% to settle at a seven-week low on Tuesday as investors worried that demand from China could be weakening while OPEC+... . 10 hours ago U.S. Energy Information Administration (EIA) (.gov) EnergyWatch Concerns about Chinese demand weigh on oil prices Tensions over punitive tariffs from Europe and the US will also affect Chinese oil demand in the future,” says senior analyst. . 20 hours ago Crude Oil Prices Today | OilPrice.com Why Falling U.S. Inventories Fail To Lift Oil Prices Lingering concerns about the state of China's economy and oil demand in the second half of the year continue to be the major drag on oil... . 1 day ago Forbes Oil Falls To 7-Week Low In U.S. Trading On Demand Fears Oil futures slid by nearly 2% to seven-week lows by the close of trading in the U.S. on Monday, as global demand concerns outweighed rising... . 1 day agoAmerican Journal of Transportation China outweighs US’ positive momentum, oil under pressure - Rystad Energy Oil prices are falling again, rounding out a month of muted demand and overall bearish sentiment. . 15 hours ago MarketPulse WTI Oil: At the risk of a further drop to retest major range support of US$73.15-71.35/barrel WTI crude oil facers further downside pressure below US$80.30 key resistance as it broke below its 200-day moving average. . 18 hours ago You just think your smart!! Copy/Paste a bunch of crap. Anyone can do it. Notsobright aka Joy Behar ultra left dumb shit! Inventory Draw Pushes Oil Up By Irina Slav - Jul 31, 2024, 9:44 AM CDCrude oil prices today moved slightly higher, after the Energy Information Administration reported an inventory draw of 3.4 million barrels for the week to July 26. The inventory change compared with a draw of 3.7 million barrels for the previous week, when fuel inventories also declined substantially. For the week to July 26, the EIA estimated mixed changes in fuel inventories. Gasoline stocks shed 3.7 million barrels in the period, with production averaging 10 million barrels daily. This compared with a stock draw of 5.6 million barrels for the previous week, when production of gasoline averaged 10.2 million barrels daily. you're smart. Anyone can copy/paste bullshit chopped up news stories!! Those short sellers just made almost 3.00 a bbl today. Manipulation ie: Edited July 31 by Old-Ruffneck Quote Share this post Link to post Share on other sites
Ron Wagner + 685 August 1 https://www.thegatewaypundit.com/2024/07/school-district-turns-diesel-attempt-convert-bus-fleet/ $20 million loss. 1 2 Quote Share this post Link to post Share on other sites
notsonice + 1,216 DM August 1 18 hours ago, Old-Ruffneck said: You just think your smart!! Copy/Paste a bunch of crap. Anyone can do it. Notsobright aka Joy Behar ultra left dumb shit! Inventory Draw Pushes Oil Up By Irina Slav - Jul 31, 2024, 9:44 AM CDCrude oil prices today moved slightly higher, after the Energy Information Administration reported an inventory draw of 3.4 million barrels for the week to July 26. The inventory change compared with a draw of 3.7 million barrels for the previous week, when fuel inventories also declined substantially. For the week to July 26, the EIA estimated mixed changes in fuel inventories. Gasoline stocks shed 3.7 million barrels in the period, with production averaging 10 million barrels daily. This compared with a stock draw of 5.6 million barrels for the previous week, when production of gasoline averaged 10.2 million barrels daily. you're smart. Anyone can copy/paste bullshit chopped up news stories!! Those short sellers just made almost 3.00 a bbl today. Manipulation ie: hey dummy....how is crude doing today.........going back down again.....US inventory draws are seasonal....Brent went up yesterday on news of Middle East Tensions .... and today Poof.......US is not the world market .... You filled up the tank on your clunker yesterday and now you believe that demand is going crazy????? Long view right now..and for the past year in oil....Oversupplied market......Physical demand is flat YOY (because of China) and since 2019 up only 1 percent (due to China). Physical demand in 2025 is flat at best and 2026 down....Why because of the China market has ended their long run up on demand......and why is their demand increases over for ever????? pay attention dummy..... China New car market is now at 51 plus change EVs and this number is heading to 100 percent within the next 3 years (at most). This is being driven by policy and economics. Hint.....their registration fees are waived for EVs in china and you can get License plates immediately for an EV for an ICE vehicle you will wait a year). This policy is not going away...ICE vehicles in China are going away And the China Market for cars is the biggest market in the world 30 percent of the business now. Their exports of Cars is now 10 percent of the world market......... their total production in 2023 30 Million cars...manipulation ???? or reality that the Oil business is losing on the long term demand outlook to China made EVs... at these rates overall Gasoline consumption is going down worldwide........who the F cares about seasonal US drawdowns ??? only an idiot such as yourself grab onto US seasonal drawdown and try to tie it to the Crude price for now and into the long future 2024 is a flat Oil year because of this and 2025 will not be any better you obviously do not understand that every year there is buildup of inventories in spring for the summer vacation season you should trade on your own BS....please go long on Brent......you will make a fortune.... just saw some more BS put out....go for it Trade with those that pump sensational news ....you will make a fortune...ha ha ha Go long with a bet of $100 Brent average in 2024....how is that working out for you????? Traders Bet on $130 Oil as Middle East Tensions Spike By Tsvetana Paraskova - Aug 01, 2024, 6:58 AM CDT Oil prices have surged this week due to escalating tensions between Israel and Iran, with Brent Crude breaking past $81. Traders have been actively buying call options, betting on oil prices reaching $110-$130 per barrel in November. Traders Bet on $130 Oil as Middle East Tensions Spike By Tsvetana Paraskova - Aug 01, 2024, 6:58 AM CDT Oil prices have surged this week due to escalating tensions between Israel and Iran, with Brent Crude breaking past $81. Traders have been actively buying call options, betting on oil prices reaching $110-$130 per barrel in November. 1 1 Quote Share this post Link to post Share on other sites
Ecocharger + 1,428 DL August 1 1 hour ago, notsonice said: hey dummy....how is crude doing today.........going back down again.....US inventory draws are seasonal....Brent went up yesterday on news of Middle East Tensions .... and today Poof.......US is not the world market .... You filled up the tank on your clunker yesterday and now you believe that demand is going crazy????? Long view right now..and for the past year in oil....Oversupplied market......Physical demand is flat YOY (because of China) and since 2019 up only 1 percent (due to China). Physical demand in 2025 is flat at best and 2026 down....Why because of the China market has ended their long run up on demand......and why is their demand increases over for ever????? pay attention dummy..... China New car market is now at 51 plus change EVs and this number is heading to 100 percent within the next 3 years (at most). This is being driven by policy and economics. Hint.....their registration fees are waived for EVs in china and you can get License plates immediately for an EV for an ICE vehicle you will wait a year). This policy is not going away...ICE vehicles in China are going away And the China Market for cars is the biggest market in the world 30 percent of the business now. Their exports of Cars is now 10 percent of the world market......... their total production in 2023 30 Million cars...manipulation ???? or reality that the Oil business is losing on the long term demand outlook to China made EVs... at these rates overall Gasoline consumption is going down worldwide........who the F cares about seasonal US drawdowns ??? only an idiot such as yourself grab onto US seasonal drawdown and try to tie it to the Crude price for now and into the long future 2024 is a flat Oil year because of this and 2025 will not be any better you obviously do not understand that every year there is buildup of inventories in spring for the summer vacation season you should trade on your own BS....please go long on Brent......you will make a fortune.... just saw some more BS put out....go for it Trade with those that pump sensational news ....you will make a fortune...ha ha ha Go long with a bet of $100 Brent average in 2024....how is that working out for you????? Traders Bet on $130 Oil as Middle East Tensions Spike By Tsvetana Paraskova - Aug 01, 2024, 6:58 AM CDT Oil prices have surged this week due to escalating tensions between Israel and Iran, with Brent Crude breaking past $81. Traders have been actively buying call options, betting on oil prices reaching $110-$130 per barrel in November. Traders Bet on $130 Oil as Middle East Tensions Spike By Tsvetana Paraskova - Aug 01, 2024, 6:58 AM CDT Oil prices have surged this week due to escalating tensions between Israel and Iran, with Brent Crude breaking past $81. Traders have been actively buying call options, betting on oil prices reaching $110-$130 per barrel in November. So what fuel did you pump into your auto today? Gasoline? 1 1 Quote Share this post Link to post Share on other sites
notsonice + 1,216 DM August 1 1 hour ago, Ecocharger said: So what fuel did you pump into your auto today? Gasoline? electricity ....... and how much did you blow on your clunker today???????? Quote Share this post Link to post Share on other sites
notsonice + 1,216 DM August 1 Coal is doomed and those driving clunkers are following close behind 3 hours ago China's Energy Revolution: Wind and Solar Surpass Coal in ... Crude Oil Prices Today | OilPrice.com https://oilprice.com › Energy › Energy-General Solar, wind capacity surpasses coal in China pv magazine International https://www.pv-magazine.com › 2024/08/01 › solar-wi... 12 hours ago — The consultancy is predicting that by 2026, solar power will alone surpass coal as China's primary energy source, with a cumulative capacity ... Missing: Revolution: Milestone China's Green Milestone: Solar & Wind to Outshine Coal GreenCitizen https://greencitizen.com › news › chinas-green-milesto... Feb 8, 2024 — In a historic shift, China's solar and wind energy capacity is set to surpass coal by 2024, marking a green revolution. 1 Quote Share this post Link to post Share on other sites
footeab@yahoo.com + 2,187 August 2 3 hours ago, notsonice said: Coal is doomed and those driving clunkers are following close behind 3 hours ago China's Energy Revolution: Wind and Solar Surpass Coal in ... Crude Oil Prices Today | OilPrice.com https://oilprice.com › Energy › Energy-General Solar, wind capacity surpasses coal in China pv magazine International https://www.pv-magazine.com › 2024/08/01 › solar-wi... 12 hours ago — The consultancy is predicting that by 2026, solar power will alone surpass coal as China's primary energy source, with a cumulative capacity ... Missing: Revolution: Milestone China's Green Milestone: Solar & Wind to Outshine Coal GreenCitizen https://greencitizen.com › news › chinas-green-milesto... Feb 8, 2024 — In a historic shift, China's solar and wind energy capacity is set to surpass coal by 2024, marking a green revolution. NO one with 2 working brain cells cares about wind/solar capacity What power at what cost. In China putting up solar --> you have to be an idiot unless it is in Tibet/inner Mongolia Not quite as STUPID as putting up solar in Germany/UK but damned close. Great, you to can have ~$0.50/kWh so called "power"--> that is not a revolution, that is a DEVOLUTION China is building HUNDREDS of GW of new Coal power--> Because solar/wind does not work universally. 2 Quote Share this post Link to post Share on other sites
TailingsPond + 646 GE August 2 9 hours ago, footeab@yahoo.com said: NO one with 2 working brain cells cares about wind/solar capacity Yeah, they have many more than two working cells. 2 Quote Share this post Link to post Share on other sites
TailingsPond + 646 GE August 2 9 hours ago, footeab@yahoo.com said: China is building HUNDREDS of GW of new Coal power Why emulate China? Do better. 1 Quote Share this post Link to post Share on other sites
notsonice + 1,216 DM August 2 On 7/30/2024 at 5:13 PM, Ecocharger said: Demand for oil and oil products is reflected in inventory numbers, which are currently in rapid decline. Demand is strong. and Brent is at $77 with minor change this morning and is flirting with $76 this morning....... hmmmmmmm Demand is strong????? BS put your money where your mouth is and go long in Oil ....buy a million barrels .......you will make a fortune......ha ha ha How did your $100 oil call in 2024 do for you....did you make a fortune on that one????? ha ha ha Reality China Oil demand is less than 2023 and the great forecasts for 2024 for increasing Global demand are turning out to be BS promotion by the Saudis and the fools that buy into your Demand is strong..........When you do not deliver what the Saudis leaders want ....heads roll expect a few heads to roll as Brent is heading down down down for the next 3 months ....next 6 months ....next year...... 2025 is shaping up to be more down down down sediment..........whoaaaaaaaaaaaaa June 2025 contracts are trading at $3 less than spot oil today............................ DEMAND SUCKS Ecochump, you and your dimwitted pal Old Dickhead should get together ....you two can cry on each others shoulders ha ha ha ha ha RECENT CONTRACTS LAST CHG OPEN HIGH LOW DATE/TIME Brent Crude Oct 2024 $77.19 -2.33 $79.98 $80.46 $76.64 Aug 2, 2024 5:15 p.m. Brent Crude Oil (IFEU $/bbl) Front Month $77.19 -2.33 $78.56 $80.46 $76.64 Aug 2, 2024 5:15 p.m. Brent Crude Nov 2024 $76.64 -2.31 $79.37 $79.84 $76.17 Aug 2, 2024 5:15 p.m. Brent Crude Dec 2024 $76.18 -2.29 $78.84 $79.33 $75.77 Aug 2, 2024 5:15 p.m. Brent Crude Jan 2025 $75.83 -2.25 $78.42 $78.91 $75.43 Aug 2, 2024 5:15 p.m. Brent Crude Feb 2025 $75.50 -2.25 $78.09 $78.54 $75.13 Aug 2, 2024 5:15 p.m. Brent Crude Mar 2025 $75.21 -2.25 $77.79 $78.23 $74.88 Aug 2, 2024 5:15 p.m. Brent Crude Apr 2025 $75.03 -2.15 $77.43 $77.93 $74.65 Aug 2, 2024 5:14 p.m. Brent Crude May 2025 $74.74 -2.16 $77.21 $77.60 $74.41 Aug 2, 2024 5:15 p.m. Brent Crude Jun 2025 $74.54 -2.07 $76.93 $77.35 $74.18 Aug 2, 2024 5:15 p.m. Quote Share this post Link to post Share on other sites
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