GREEN NEW DEAL = BLIZZARD OF LIES

[TailingsPond + 1,013]

2 hours ago, Ecocharger said:

 

You feel okay today, bud?

Great.  How do you feel that Tesla gained another 3.69% today. The green energy future is very bright.

Must be hard on your ego to be wrong all the time. 

1.16T valuation.  Look at how fast it rises! Do some easy math and calculate how much 3.37% of 1.14 trillion is.   That was one day for Tesla.

Meanwhile oil continues to disappoint investors with once again falling prices.

Remember your shitty stock pick? Market cap of 46.5B. Down on all time scales from one day to one year.

https://finance.yahoo.com/quote/OXY/

Edited December 5 by TailingsPond

[TailingsPond + 1,013]

Oh look another Oil price author discusses production cuts.

https://oilprice.com/Energy/Energy-General/Why-Oil-Markets-Are-Trading-With-Zero-Conviction.html

"OPEC+ has delayed unwinding production cuts until the end of Q1 2025 due to pessimistic market sentiment."

The failed economist lost another author (Alex Kimani) to reference. 

[Old-Ruffneck + 1,256]

50 minutes ago, TailingsPond said:

Oh look another Oil price author discusses production cuts.

https://oilprice.com/Energy/Energy-General/Why-Oil-Markets-Are-Trading-With-Zero-Conviction.html

"OPEC+ has delayed unwinding production cuts until the end of Q1 2025 due to pessimistic market sentiment."

The failed economist lost another author (Alex Kimani) to reference. 

So if OPEC+ wants to cut back or hold the 2 mmbd cuts they did earlier this year, let them play games with the market (or try). Problem is too many other non-OPEC countries are taking up the slack and then some. Then there is the OPEC+ countries that are "cheating" and producing more than their quota. As oil heads south, more are likely to cheat even more to keep budgets in line. All in all is good for the consumer, but not the investor. So investor writers will fib some to scare the market and try to get product up, whether oil, corn, rice, name your commodity. 

[TailingsPond + 1,013]

19 minutes ago, Old-Ruffneck said:

So if OPEC+ wants to cut back or hold the 2 mmbd cuts they did earlier this year, let them play games with the market (or try). Problem is too many other non-OPEC countries are taking up the slack and then some.

That might be true. 

Now convince the resident failed economist that the cuts are real and have market effects.

[Old-Ruffneck + 1,256]

2 hours ago, TailingsPond said:

That might be true. 

Now convince the resident failed economist that the cuts are real and have market effects.

Gas Prices Set for a Breakout in 2025 | OilPrice.com

Here is another "story" by a writer that is telling us to all be scared of Natural Gas shortages. For 4 months about the industry was about to pay you to take it away as it was worthless. It was in negative territory for a short time then leveled out to 2.00$ u.s. exchange. So now all of a sudden everything has flip flopped and gas is "Natural gas prices are set to surge this winter due to a combination of high demand, tight supply, and limited production increases". 

I take alot of these stories with a grain of salt. The writers need to make money too. I'm not sure what her schooling or major was in, but some stories are okay. She mimics the IEA "reports" weekly, and rarely their predictions come to fruition. So read her story and see for yourself. Personally I believe there should be enough NG to easily supply 6 months in advance. 

Edited December 5 by Old-Ruffneck

[TailingsPond + 1,013]

22 minutes ago, Old-Ruffneck said:

Gas Prices Set for a Breakout in 2025 | OilPrice.com

Here is another "story" by a writer that is telling us to all be scared of Natural Gas shortages. For 4 months about the industry was about to pay you to take it away as it was worthless. It was in negative territory for a short time then leveled out to 2.00$ u.s. exchange. So now all of a sudden everything has flip flopped and gas is "Natural gas prices are set to surge this winter due to a combination of high demand, tight supply, and limited production increases". 

I take alot of these stories with a grain of salt. The writers need to make money too. I'm not sure what her schooling or major was in, but some stories are okay. She mimics the IEA "reports" weekly, and rarely their predictions come to fruition. So read her story and see for yourself. Personally I believe there should be enough NG to easily supply 6 months in advance. 

In Alberta we can easily produce nat gas faster than we consume it.  The idea of a natural gas shortage is laughable.

I don't hate Irina Slav or anything.  I'm mostly just teasing the guy who refuses to accept reality.

[Old-Ruffneck + 1,256]

9 minutes ago, TailingsPond said:

In Alberta we can easily produce nat gas faster than we consume it.  The idea of a natural gas shortage is laughable.

I don't hate Irina Slav or anything.  I'm mostly just teasing the guy who refuses to accept reality.

OilPrice.Com's Disclaimer:

Disclaimer

OilPrice.com provides background information on oil and gas commodities and related companies. It also offers direct links to the web sites of the companies concerned where available. It provides no advice on dealing in securities, is not a financial adviser and does not pretend to be so.

In no way is the information contained on OilPrice.com to be considered factual or complete. Anybody interested in obtaining financial and other information on companies mentioned is advised to get it direct from the companies, or from their own investment adviser.

Therefore the information herein should never be used as investment advice and you should always seek professional advice and do your own research in respect to investment decisions.

It goes on more, read it. 🙂

[TailingsPond + 1,013]

28 minutes ago, Old-Ruffneck said:

OilPrice.Com's Disclaimer:

In no way is the information contained on OilPrice.com to be considered factual or complete.
🙂

That is pretty funny.

[Old-Ruffneck + 1,256]

15 minutes ago, TailingsPond said:

That is pretty funny.

I thought so too. I wonder if average folks investing read the Disclaimer?  They did cover their arses!!

[Ecocharger + 1,486]

8 hours ago, TailingsPond said:

It is less than they could produce, therefore a cut.  You don't have to take my word for it.  News sites everywhere discuss the reality of the production curtailments.

If you still do not agree, then do not reference the Oilprice writers who discuss the OPEC cuts regularly.  You can't claim they are stupid and a valid source of information at the same time.  Heck just don't reference the site at all as clearly the editors disagree with your "analysis."

 

Again, an increase in production is a "cut" in production?

I prefer not to comment on the quality of logic displayed by you in that little gem of contortionism.

If you wish to think like a real economist, try using the language with greater precision and refer to "a cut in projected production increases".

That way, we can know to what you refer. I do not accept that you can hide behind the writings of others, you must take responsibility for your own constructions.

Edited December 6 by Ecocharger

[Ecocharger + 1,486]

8 hours ago, TailingsPond said:

Great.  How do you feel that Tesla gained another 3.69% today. The green energy future is very bright.

Must be hard on your ego to be wrong all the time. 

1.16T valuation.  Look at how fast it rises! Do some easy math and calculate how much 3.37% of 1.14 trillion is.   That was one day for Tesla.

Meanwhile oil continues to disappoint investors with once again falling prices.

Remember your shitty stock pick? Market cap of 46.5B. Down on all time scales from one day to one year.

https://finance.yahoo.com/quote/OXY/

I do not pick stocks, I leave that to you.

I am more interested in the future of the planet.

Edited December 6 by Ecocharger

[TailingsPond + 1,013]

3 hours ago, Ecocharger said:

I do not pick stocks, I leave that to you.

I am more interested in the future of the planet.

I recently closed my self directed equity account.  I took a hard look at the numbers and while some years my picks outperformed my Royal bank of Canada mutual fund its longer term performance is better.  I like numbers and empirical evidence - Royal bank advisors beat me on a 5 year time frame and did very well so now I leave it to them

I still enjoy watching stocks out of habit and the ones that are part of my mutual fund prospectus.

[Ecocharger + 1,486]

2 hours ago, TailingsPond said:

I recently closed my self directed equity account.  I took a hard look at the numbers and while some years my picks outperformed my Royal bank of Canada mutual fund its longer term performance is better.  I like numbers and empirical evidence - Royal bank advisors beat me on a 5 year time frame and did very well so now I leave it to them

I still enjoy watching stocks out of habit and the ones that are part of my mutual fund prospectus.

So that is why you haunt these pages? I knew that there had to be a reason.

[turbguy + 1,555]

On 12/4/2024 at 3:17 PM, Ecocharger said:

The markets determine prices, not the White House.

...some about that SPR, though.

[Ecocharger + 1,486]

Oil production is at an all-time high.

https://oilprice.com/Energy/Crude-Oil/US-Oil-Rig-Count-Rises-Despite-Falling-Crude-Prices.html

"The U.S. oil rig count increased by 5 this week, reaching 482.

Crude oil prices fell despite OPEC+ extending production cuts.

U.S. crude oil production hit a record high of 13.513 million bpd"

[TailingsPond + 1,013]

Yet another oil price author writes about production cuts.  Fancy that.

   https://oilprice.com/Latest-Energy-News/World-News/Saudi-Minister-OPEC-Move-to-Delay-Output-Hike-Was-a-Reality-Check.html

[TailingsPond + 1,013]

23 hours ago, Ecocharger said:

That way, we can know to what you refer. I do not accept that you can hide behind the writings of others, you must take responsibility for your own constructions.

 

Too funny.  Most of your posts are just links to the oil price main page.

You are running out of authors here that agree with your ideologies, soon you will have to use your own words to deny the fall of oil and the rise of EV / green energy.

WTI down 1.6% today.

Tesla up 5.3% today.  Their market cap now hit 1.22T.  Look at how fast it rises!  Hundreds of billions per day - crazy growth.

Meanwhile Ford - which you praised for scaling back EV production - grew a mere 0.67% with market cap of 41.77B

 

 

Edited December 7 by TailingsPond

[Ecocharger + 1,486]

9 hours ago, turbguy said:

...some about that SPR, though.

SPR means nothing. Just transferring barrels from one inventory into another.

The oil markets operate independently of Washington policy.

Edited December 7 by Ecocharger

[TailingsPond + 1,013]

12 minutes ago, Ecocharger said:

The oil markets operate independently of Washington policy.

So you have never wrote anything suggesting that the oil markets might change with the new POTUS elect?

I'm pretty sure you have mentioned stuff about the new administration in the past.  You know the whole "drill baby drill stuff" and reduction in environmental regulations. Implementation of federal regulations to prevent California from issuing their own laws etc.

The internet is forever dude.

[TailingsPond + 1,013]

37 minutes ago, Ecocharger said:

SPR means nothing. Just transferring barrels from one inventory into another.

Filling your car with gas is just transferring gas from one tank to another. The gas station wants a cut of that profit as do the gas trucks delivering the gas, therefore the government is spending money on oil.

You pretend to understand economics but really don't and contradict yourself all the time.

Anyone who understands economics would know that all financial transfers come with a cost.  Profit for the seller, legal fees, taxes, etc.

Edited December 7 by TailingsPond

[turbguy + 1,555]

12 hours ago, Ecocharger said:

SPR means nothing. Just transferring barrels from one inventory into another.

The oil markets operate independently of Washington policy.

 

Just like transferring barrels out of the "underground inventory" to another? 

Except that the "underground inventory" is a bit more expensive to "transfer".

Edited December 7 by turbguy

[Ecocharger + 1,486]

4 hours ago, turbguy said:

 

Just like transferring barrels out of the "underground inventory" to another? 

Except that the "underground inventory" is a bit more expensive to "transfer".

That has no impact on production or investment decisions. A readjustment of inventories is the private decision of the government and decoupled from the production end.

[Ecocharger + 1,486]

The EV industry is winding down, as predicted on this thread some time ago. 

https://oilprice.com/Energy/Energy-General/EV-Sales-Slump-A-Global-Reality-Check.html

"Global EV sales are slowing down due to high prices, concerns about charging infrastructure, and reduced government subsidies.

Major automakers are scaling back production plans and announcing job cuts in response to the weaker demand.

China's EV market is booming, thanks in part to government support and a robust supply chain."

 

"That was the topic of a new FT report that claims the auto industry’s shift toward EVs, once seen as essential, is now facing serious challenges.

It cites for example that Northvolt, Europe’s top battery producer, filed for bankruptcy last week, casting doubt on the region’s industrial strategy. Additionally, Stellantis announced the closure of its UK van plant, risking 1,100 jobs, while Volkswagen and Ford also warned of significant job cuts and plant closures due to weaker-than-expected EV demand.

And as we noted earlier this week, GM is taking a $5 billion charge to reorganize its Chinese business. "

carmakers have scaled back production plans, with U.S. EV output expected to drop by 50% and European plans by 29% next year, according to Bernstein. By 2025, EV market share is projected to reach 23% in Europe and 13% in the U.S.

 

FT reported that the slow growth of EV adoption globally stems from high upfront costs, concerns about range and charging infrastructure, and fading energy price advantages due to geopolitical tensions.

Rising interest rates have further increased leasing costs. In Europe, EV prices have climbed from €40,000 in 2020 to €45,000 today, far above the €20,000 many consumers are willing to pay.

Meanwhile, inconsistent government subsidies have led to uneven adoption, with Germany and France cutting incentives, prompting concerns about declining EV sales and job losses in the auto industry."

"Bernstein analyst Daniel Roeska concluded: “The EV production forecast for 2025 has seemingly only gone one way — down.”"

 

[TailingsPond + 1,013]

2 hours ago, Ecocharger said:

The EV industry is winding down, as predicted on this thread some time ago.

 

Look at the figure you posted.  It clearly shows growth in EV sales.

You should also pay attention to Tesla valuation which rose again by a huge amount to 1.22T.  Billions of $ every trading day...

Edited December 7 by TailingsPond

[TailingsPond + 1,013]

On 12/6/2024 at 12:38 PM, Ecocharger said:

Oil production is at an all-time high.

https://oilprice.com/Energy/Crude-Oil/US-Oil-Rig-Count-Rises-Despite-Falling-Crude-Prices.html

"The U.S. oil rig count increased by 5 this week, reaching 482.

Crude oil prices fell despite OPEC+ extending production cuts.

U.S. crude oil production hit a record high of 13.513 million bpd"

Funny you directly quoting cuts in your post. You can stop pretending they do not exist now.

https://oilprice.com/Energy/Energy-General/Oil-Markets-Remain-Lackluster-Despite-Positive-OPEC-Meeting.html