Old-Ruffneck + 1,211 er August 2 4 hours ago, notsonice said: 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. I consume copious amounts of diesel and gasoline. Downward momentum doesn't hurt my feelings. Calling me an Old Dickhead? Well, I can handle that Whoopie-notsosmart. I have never invested in oil, or oil companies as I spent 6 years in the oil-patch and learned not to invest in said commodities. Quote Share this post Link to post Share on other sites
Ecocharger + 1,428 DL August 3 9 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. Chinese coal production is increasing, looks like your grip on reality is fading even further. Quote Share this post Link to post Share on other sites
Ecocharger + 1,428 DL August 3 (edited) 11 hours ago, notsonice said: 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. Demand for oil is increasing even while prices are under pressure. That indicates a snapback is probable in oil prices. Not hard to see that. However, if high interest rates bite down on the economy, there will be a lack of demand for everything for a while until the current White House personnel are ejected and new policies come in. Edited August 3 by Ecocharger 1 Quote Share this post Link to post Share on other sites
Old-Ruffneck + 1,211 er August 3 12 hours ago, Ecocharger said: Chinese coal production is increasing, looks like your grip on reality is fading even further. He is Left-Wing ultra Lib, He lost his grip long ago. Another I-5 corridor Nutcase!! 1 Quote Share this post Link to post Share on other sites
notsonice + 1,216 DM August 4 8 hours ago, Old-Ruffneck said: He is Left-Wing ultra Lib, He lost his grip long ago. Another I-5 corridor Nutcase!! He is Left-Wing ultra Lib, He lost his grip long ago. Another I-5 corridor Nutcase!!??? I consume copious amounts of diesel and gasoline????? old man you are babbling again...get your diaper changed...you get off about being a moron..........What ever floats your boat I-5 corridor ????? no idea where you pulled that one out of your arse. Well I am sure it beats living in central Illinois I am sure...Land of Lincoln and land of low IQ morons such as yourself..... I spent a year in Central Illinois on a project.......Company had to pay me a fortune to do it as they could not get anyone to relocate as everyone knew it was the land of Morons. What a real shithole...flat land....garbage on the sides of the roads everywhere...houses looked like they where inhabited by druggies.. the kicker was the people that lived there made the place a shit hole. Left Wing Ultra Lib???????? ha ha ha you always come back with your grade school comments.......I would not expect much out of someone such as yourself........ Old Man ...enjoy the green agenda.............I love it when you get all bent out of shape when I post anything..... 1 Quote Share this post Link to post Share on other sites
notsonice + 1,216 DM August 4 21 hours ago, Ecocharger said: Demand for oil is increasing even while prices are under pressure. That indicates a snapback is probable in oil prices. Not hard to see that. However, if high interest rates bite down on the economy, there will be a lack of demand for everything for a while until the current White House personnel are ejected and new policies come in. Demand for oil is increasing even while prices are under pressure????? Demand is increasing...............ha ha ha ha are you still waiting for $100 Brent.....did you put your money where your mouth is and go Long...???? stop using drugs and have someone read and explain to you the following article.. Asia's crude oil imports fell to a two-year low in July, driven by weak demand in China and India. China's economic slowdown, property crisis, and tepid fuel demand have contributed to lower crude imports.2 hours ago Weak Buying from Top Users Drags Asia's Oil Imports To Two ... Quote Share this post Link to post Share on other sites
notsonice + 1,216 DM August 4 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 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. 1 Quote Share this post Link to post Share on other sites
Ecocharger + 1,428 DL August 4 (edited) 1 hour ago, notsonice said: Demand for oil is increasing even while prices are under pressure????? Demand is increasing...............ha ha ha ha are you still waiting for $100 Brent.....did you put your money where your mouth is and go Long...???? stop using drugs and have someone read and explain to you the following article.. Asia's crude oil imports fell to a two-year low in July, driven by weak demand in China and India. China's economic slowdown, property crisis, and tepid fuel demand have contributed to lower crude imports.2 hours ago Weak Buying from Top Users Drags Asia's Oil Imports To Two ... You really are numerically challenged...inventories of oil and oil products are rapidly falling due to increased demand. That is all that counts. I guess you skipped mathematics as well as economics...a bad combination for someone who pretends to know something. Edited August 4 by Ecocharger 1 Quote Share this post Link to post Share on other sites
TailingsPond + 646 GE August 4 Oil prices are really down, tell me more about the strong demand. TWI $73.52. 1 Quote Share this post Link to post Share on other sites
TailingsPond + 646 GE August 4 On 7/29/2024 at 11:24 AM, TailingsPond said: WTI $75.57 Strong demand there... How much can you lose in a week? 1 Quote Share this post Link to post Share on other sites
TailingsPond + 646 GE August 4 48 minutes ago, Ecocharger said: You really are numerically challenged. Look with your eyes not your ideologies. 1 Quote Share this post Link to post Share on other sites
TailingsPond + 646 GE August 4 (edited) https://oilprice.com/Energy/Crude-Oil/Weak-Buying-from-Top-Users-Drags-Asias-Oil-Imports-To-Two-Year-Low.html oil imports fell to a two-year low in July, driven by weak demand Edited August 4 by TailingsPond 1 Quote Share this post Link to post Share on other sites
notsonice + 1,216 DM August 4 1 hour ago, Ecocharger said: You really are numerically challenged...inventories of oil and oil products are rapidly falling due to increased demand. That is all that counts. I guess you skipped mathematics as well as economics...a bad combination for someone who pretends to know something. .inventories of oil and oil products are rapidly falling due to increased demand....??????? demand usually always increases in the summer ...but not this year in your beloved China and India it has fallen.... Pesky EVs seasonal demand increases always every summer.............inventories are built up for the summer and fall during the summer and this year demand actually has fallen in China and India did you check inventories in China??????? they are up up and in the summer to boot...... .Oh my that is not a good sign for you and your pals and the prices fall during the summer oh my that is a disaster for your pals in Saudi Arabia...... Brent under $77..........looks like Brent under $70 by Turkey day and Xmas can you say Brent under $65..........?????????? Peak oil happened a lot sooner than you expected Pesky EVs are now over 52% of the new vehicle market in China.....can you say 60 Percent by year end.... and 100 percent by the end of 2027........over 10 years ahead of the forecasts Oil is doomed Clunkers in China are doomed......and those crafty Chinese.....you do know they love to export the crap out of everything You should hold onto your rusty clunkers .....they will be museum pieces in 20 years.....people will wonder who were the morons that loved their clunkers so much. We call the Morons.....Luddites Enjoy the Green agenda 1 Quote Share this post Link to post Share on other sites
Ecocharger + 1,428 DL August 4 1 hour ago, notsonice said: .inventories of oil and oil products are rapidly falling due to increased demand....??????? demand usually always increases in the summer ...but not this year in your beloved China and India it has fallen.... Pesky EVs seasonal demand increases always every summer.............inventories are built up for the summer and fall during the summer and this year demand actually has fallen in China and India did you check inventories in China??????? they are up up and in the summer to boot...... .Oh my that is not a good sign for you and your pals and the prices fall during the summer oh my that is a disaster for your pals in Saudi Arabia...... Brent under $77..........looks like Brent under $70 by Turkey day and Xmas can you say Brent under $65..........?????????? Peak oil happened a lot sooner than you expected Pesky EVs are now over 52% of the new vehicle market in China.....can you say 60 Percent by year end.... and 100 percent by the end of 2027........over 10 years ahead of the forecasts Oil is doomed Clunkers in China are doomed......and those crafty Chinese.....you do know they love to export the crap out of everything You should hold onto your rusty clunkers .....they will be museum pieces in 20 years.....people will wonder who were the morons that loved their clunkers so much. We call the Morons.....Luddites Enjoy the Green agenda Inventory declines in oil and gasoline show increased demand, so that is bullish for demand going forward. Oil demand will continue to grow over future years. https://oilprice.com/Energy/Energy-General/Predicting-Peak-Oil-Exploring-the-Evolution-of-Global-Demand.html "Global oil demand is projected to increase by 17% between 2022 and 2045. Despite investments in clean energy, large economies like those in North America, China, and India are forecast to have the most demand in 2045. The continued importance of oil as a fuel will likely keep demand growing over the next two decades." "Despite significant investments in clean energy, large economies like those in North America, China, and India are forecast to have the most demand in 2045. This would be driven by each region’s need to use oil in transportation, industrial processes, and energy generation." Transportation? Yah, about 99+% of transportation is fossil fuel, that is not going to change going forward. Quote Share this post Link to post Share on other sites
notsonice + 1,216 DM August 5 8 hours ago, Ecocharger said: Inventory declines in oil and gasoline show increased demand, so that is bullish for demand going forward. Oil demand will continue to grow over future years. https://oilprice.com/Energy/Energy-General/Predicting-Peak-Oil-Exploring-the-Evolution-of-Global-Demand.html "Global oil demand is projected to increase by 17% between 2022 and 2045. Despite investments in clean energy, large economies like those in North America, China, and India are forecast to have the most demand in 2045. The continued importance of oil as a fuel will likely keep demand growing over the next two decades." "Despite significant investments in clean energy, large economies like those in North America, China, and India are forecast to have the most demand in 2045. This would be driven by each region’s need to use oil in transportation, industrial processes, and energy generation." Transportation? Yah, about 99+% of transportation is fossil fuel, that is not going to change going forward. about 99+% of transportation is fossil fuel.....not anymore............ Luddite you are living in the past and all you have is............ blah blah blah BS reality Brent has breached $76 and is looking now to test the past years low of $74......... will it test it today??????????????? only real demand....not stockpiling can stop the fall...... and the driver of increases in demand are gone forever...... Peak Oil already happened in China......... Pesky EVs ...they now are over 52 percent of the new vehicle market in China Oh my Brent is at $75.91 right now............................... nope as I type $75.85 nope still crashing $75.77 the bottom is not in sight Enjoy the bottomless pit....brought to you by the Green Agenda Quote Share this post Link to post Share on other sites
notsonice + 1,216 DM August 5 On 7/3/2024 at 9:16 PM, 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." and a month has passed since you posted your BS did you make a fortune on the crappy forecast from SC????? the Brent rally is sustainable well past $90/bbl.????? Standard Chartered: global oil markets will record a deficit in Q3 and this info was repeated by the slow ones on this site............exactly one month ago oh my looks like Oil is getting creamed $75.79 Brent right now...... Will $74 be tested this week???????? plenty of time to have Brent fall under $70 by Thanksgiving Standard Charter forecast..........ha ha ha ha According to commodity analysts at Standard Chartered....oh my and they get paid to pump Oil....... only suckers buy on the advice of those that pump Oil Quote Share this post Link to post Share on other sites
Rob Plant + 2,734 RP August 5 11 hours ago, Ecocharger said: Inventory declines in oil and gasoline show increased demand, so that is bullish for demand going forward. Oil demand will continue to grow over future years. https://oilprice.com/Energy/Energy-General/Predicting-Peak-Oil-Exploring-the-Evolution-of-Global-Demand.html "Global oil demand is projected to increase by 17% between 2022 and 2045. Despite investments in clean energy, large economies like those in North America, China, and India are forecast to have the most demand in 2045. The continued importance of oil as a fuel will likely keep demand growing over the next two decades." "Despite significant investments in clean energy, large economies like those in North America, China, and India are forecast to have the most demand in 2045. This would be driven by each region’s need to use oil in transportation, industrial processes, and energy generation." Transportation? Yah, about 99+% of transportation is fossil fuel, that is not going to change going forward. Youre so out of touch its scary!! Weak Buying from Top Users Drags Asia’s Oil Imports To Two-Year Low Weak Buying from Top Users Drags Asia’s Oil Imports To Two-Year Low | OilPrice.com 1 Quote Share this post Link to post Share on other sites
Ecocharger + 1,428 DL August 5 (edited) 11 hours ago, Rob Plant said: Youre so out of touch its scary!! Weak Buying from Top Users Drags Asia’s Oil Imports To Two-Year Low Weak Buying from Top Users Drags Asia’s Oil Imports To Two-Year Low | OilPrice.com If oil inventories continue to decline that simply means that demand is strong. Live with it. But EVs are in serious decline, no one wants those useless clunkers anymore. Fossil fuel cars are increasing in sales even as EVs drop off the edge of a cliff, and that means oil and gasoline demand will continue to increase going forward. https://oilprice.com/Latest-Energy-News/World-News/Germanys-EV-Sales-Sink-37-as-Subsidies-End.html "The biggest European car market, Germany, saw the sales of electric vehicles plummet by 36.8% in July from a year earlier, as EV sales are softening worldwide and as Berlin ended subsidies at the end of 2023. New car registrations of battery vehicle vehicles (BEVs) in Germany slumped to 30,762 vehicles in July from the same month of 2023, the latest data from the German Federal Motor Transport Authority showed on Monday. July marked the largest annual drop in EV sales since the government ended subsidies for EV acquisitions in December 2023. While BEV sales plunged, the overall car market held relatively flat. New car registrations of gasoline-powered passenger vehicles rose by 0.1% year-over-year in July, and diesel car sales increased by 1.2%" Sorry, Rob, but reality wins out. Edited August 5 by Ecocharger Quote Share this post Link to post Share on other sites
notsonice + 1,216 DM August 5 (edited) 4 hours ago, Ecocharger said: If oil inventories continue to decline that simply means that demand is strong. Live with it. But EVs are in serious decline, no one wants those useless clunkers anymore. Fossil fuel cars are increasing in sales even as EVs drop off the edge of a cliff, and that means oil and gasoline demand will continue to increase going forward. https://oilprice.com/Latest-Energy-News/World-News/Germanys-EV-Sales-Sink-37-as-Subsidies-End.html "The biggest European car market, Germany, saw the sales of electric vehicles plummet by 36.8% in July from a year earlier, as EV sales are softening worldwide and as Berlin ended subsidies at the end of 2023. New car registrations of battery vehicle vehicles (BEVs) in Germany slumped to 30,762 vehicles in July from the same month of 2023, the latest data from the German Federal Motor Transport Authority showed on Monday. July marked the largest annual drop in EV sales since the government ended subsidies for EV acquisitions in December 2023. While BEV sales plunged, the overall car market held relatively flat. New car registrations of gasoline-powered passenger vehicles rose by 0.1% year-over-year in July, and diesel car sales increased by 1.2%" Sorry, Rob, but reality wins out. If oil inventories continue to decline that simply means that demand is strong.???? and yet Brent keeps falling Close today......$76.30....what happened to you pumping $90 Brent in the third quarter???????? Standard Charter sell you a bridge to nowhere??? Global inventories are not falling..................Just because your clunkers tank has less in it today than yesterday does not mean global inventories are declining ......China's Oil inventories are at record highs And OPEC ....over 5 million BPD in production cuts and they still can not prop up the price Luddite.....reality wins out New EV sales in China are decimating your demand is strong BS. Couple that with the real estate crisis in China and the declining China population...oh my it will only get worse for your pals in Saudi Arabia 2025 Brent under $70 for the whole year???? it is in the cards.......thanks to the Green Agenda Please Ecochump , double down with your demand is strong BS and tell us all that you went long for a few million barrels at $90....you will make a fortune....ha ha ha ha ha .... please fill up your empty tank...stockpile the crap out of it at today's great price....... Love the discount to Brent of $3 if you wait a year to buy it for your stockpiles......ha ha ha only an idiot, such a yourself, would stockpile Brent today and pay for storage when you can just buy a contract for delivery in the future, like next June , when you need it, and get it cheaper without having to pay for storage............. Bloomberg.com China’s Abandoned Building Sites Are Killing Oil Demand To get an idea of why the oil industry keeps failing to see the demand lift from China that it's been waiting for all year, consider this:... . 2 hours ago LAST CHG OPEN HIGH LOW DATE/TIME Brent Crude Oct 2024 $77.25 0.95 $75.42 $77.74 $75.05 Aug 5, 2024 10:59 p.m. Brent Crude Oil (IFEU $/bbl) Front Month $77.25 0.95 $75.42 $77.74 $75.05 Aug 5, 2024 10:59 p.m. Brent Crude Nov 2024 $76.97 1.01 $74.98 $77.15 $74.62 Aug 5, 2024 10:50 p.m. Brent Crude Dec 2024 $76.55 0.93 $74.60 $76.71 $74.25 Aug 5, 2024 10:59 p.m. Brent Crude Jan 2025 $76.25 0.96 $74.27 $76.32 $73.95 Aug 5, 2024 10:28 p.m. Brent Crude Feb 2025 $75.99 0.99 $74.01 $75.99 $73.71 Aug 5, 2024 10:06 p.m. Brent Crude Mar 2025 $75.60 0.84 $73.81 $75.67 $73.51 Aug 5, 2024 9:59 p.m. Brent Crude Apr 2025 $75.33 0.80 $73.61 $75.43 $73.33 Aug 5, 2024 9:59 p.m. Brent Crude May 2025 $75.10 0.80 $73.36 $75.18 $73.14 Aug 5, 2024 9:54 p.m. Brent Crude Jun 2025 $74.84 0.76 $73.24 $74.96 $72.93 Aug 5, 2024 10:59 p.m. Edited August 5 by notsonice 1 1 Quote Share this post Link to post Share on other sites
notsonice + 1,216 DM August 5 (edited) 4 hours ago, Ecocharger said: If oil inventories continue to decline that simply means that demand is strong. Live with it. But EVs are in serious decline, no one wants those useless clunkers anymore. Fossil fuel cars are increasing in sales even as EVs drop off the edge of a cliff, and that means oil and gasoline demand will continue to increase going forward. https://oilprice.com/Latest-Energy-News/World-News/Germanys-EV-Sales-Sink-37-as-Subsidies-End.html "The biggest European car market, Germany, saw the sales of electric vehicles plummet by 36.8% in July from a year earlier, as EV sales are softening worldwide and as Berlin ended subsidies at the end of 2023. New car registrations of battery vehicle vehicles (BEVs) in Germany slumped to 30,762 vehicles in July from the same month of 2023, the latest data from the German Federal Motor Transport Authority showed on Monday. July marked the largest annual drop in EV sales since the government ended subsidies for EV acquisitions in December 2023. While BEV sales plunged, the overall car market held relatively flat. New car registrations of gasoline-powered passenger vehicles rose by 0.1% year-over-year in July, and diesel car sales increased by 1.2%" Sorry, Rob, but reality wins out. If oil inventories continue to decline that simply means that demand is strong.???? overall global inventories have been building all year the price of oil is not dictated by US inventories alone Luddite pay attention Reuters China's oil sector is weak, with rising crude inventories LAUNCESTON, Australia, July 17 (Reuters) - China's crude oil market is unambiguously weak. Not only has the world's biggest importer seen a... . 3 weeks ago China added 1.48 million barrels per day (bpd) to either commercial or strategic oil stockpiles in June as lower refinery throughput outweighed soft crude imports. For the first half of 2024, China put about 900,000 bpd into storage tanks, and this amount has been accelerating in recent months.Jul 17, 2024 China's oil sector is weak, with rising crude inventories - Reuters Reuters https://www.reuters.com › markets › commodities › chi... Edited August 5 by notsonice 1 1 Quote Share this post Link to post Share on other sites
Ecocharger + 1,428 DL August 6 (edited) 1 hour ago, notsonice said: If oil inventories continue to decline that simply means that demand is strong.???? overall global inventories have been building all year the price of oil is not dictated by US inventories alone Luddite pay attention Reuters China's oil sector is weak, with rising crude inventories LAUNCESTON, Australia, July 17 (Reuters) - China's crude oil market is unambiguously weak. Not only has the world's biggest importer seen a... . 3 weeks ago China added 1.48 million barrels per day (bpd) to either commercial or strategic oil stockpiles in June as lower refinery throughput outweighed soft crude imports. For the first half of 2024, China put about 900,000 bpd into storage tanks, and this amount has been accelerating in recent months.Jul 17, 2024 China's oil sector is weak, with rising crude inventories - Reuters Reuters https://www.reuters.com › markets › commodities › chi... With EV sales tanking around the world the future of oil demand is secure and strong. Declining oil and gasoline inventories right now show the persistent strength of oil demand, so live with it. Coal is in a powerful upward trend, reaching all time highs. https://oilprice.com/Energy/Coal/Global-Coal-Production-Hits-Record-Highs.html In 2023, global coal production reached a record high of 179 exajoules (EJ), surpassing the previous year’s peak. The Asia Pacific region contributed nearly 80% of the global output, primarily driven by Australia, China, India, and Indonesia, which together accounted for 97% of the region’s production. In 2023, global coal production reached a record high of 179 exajoules (EJ), surpassing the previous year’s peak. The Asia Pacific region contributed nearly 80% of the global output, primarily driven by Australia, China, India, and Indonesia, which together accounted for 97% of the region’s production. Global coal consumption also hit a new high, exceeding 164 EJ for the first time. This represented a 1.6% increase from 2022, a growth rate seven times higher than the average over the previous decade. China remained the largest consumer, responsible for 56% of global coal use. China’s coal consumption increased by 4.7% in 2023, more than four times the country’s 1.1% average coal consumption growth rate of the past decade. Edited August 6 by Ecocharger Quote Share this post Link to post Share on other sites
notsonice + 1,216 DM August 6 17 hours ago, Ecocharger said: With EV sales tanking around the world the future of oil demand is secure and strong. Declining oil and gasoline inventories right now show the persistent strength of oil demand, so live with it. Coal is in a powerful upward trend, reaching all time highs. https://oilprice.com/Energy/Coal/Global-Coal-Production-Hits-Record-Highs.html I future of oil demand is secure and strong.... Luddite not according to the experts........ Brent is at $76 plus change and falling and the Chinese are cutting their use even as their economy is growing at 4 to 5 % 1 1 Quote Share this post Link to post Share on other sites
TailingsPond + 646 GE August 6 (edited) 20 hours ago, Ecocharger said: Non -OECD is increasing. Wealthy developed nations are decreasing coal use. USA is part of OECD, why do you want to emulate China and India? https://en.wikipedia.org/wiki/OECD "It is a forum whose member countries describe themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seek answers to common problems, identify good practices, and coordinate domestic and international policies of its members. The majority of OECD members are high-income economies ranked as "very high" in the Human Development Index, and are regarded as developed countries." Edited August 6 by TailingsPond Quote Share this post Link to post Share on other sites
notsonice + 1,216 DM August 6 8 minutes ago, TailingsPond said: Non -OECD is increasing. Wealthy developed nations are decreasing coal use. USA is part of OECD, why do you want to emulate China and India? https://en.wikipedia.org/wiki/OECD "It is a forum whose member countries describe themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seek answers to common problems, identify good practices, and coordinate domestic and international policies of its members. The majority of OECD members are high-income economies ranked as "very high" in the Human Development Index, and are regarded as developed countries." from the chart global 2023 barely beat 2019... a dead cat bounce as China reopened up after COVID in 2023.......... overall coal is flat since 2019 ..............peak coal China 2024 and their energy consuming industries are in a major recession 2024 and the total coal consumption for Steel and Cement combined (real Estate depression) is down in China expected overall Coal consumption in China in 2024 will be down due to hydro and solar and wind...increasing at over 20 percent each with the declines in steel/cement 2025 more of the same their real estate economy is in a depression........hydro solar wind and now battery storage and pumped storage up sharply China is on a path of long term coal decreases now....... only the slow one Ecochump wants more coal use........he is not so bright Quote Share this post Link to post Share on other sites
Ecocharger + 1,428 DL August 7 4 hours ago, TailingsPond said: Non -OECD is increasing. Wealthy developed nations are decreasing coal use. USA is part of OECD, why do you want to emulate China and India? https://en.wikipedia.org/wiki/OECD "It is a forum whose member countries describe themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seek answers to common problems, identify good practices, and coordinate domestic and international policies of its members. The majority of OECD members are high-income economies ranked as "very high" in the Human Development Index, and are regarded as developed countries." Most of the world depends on coal...I guess that simple fact has escaped your limited attention range. 2 Quote Share this post Link to post Share on other sites
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